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Friday, April 22, 2005

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INDUSTRY & ECONOMY

NRIS


Bank deposits losing favour with NRIs
"Due to the fickle nature of NRI deposits in the recent past and rapidly thinning margins, they are no longer the key source for raising resources to several banks. Now it is just one among several such sources," Mr A. Sethumadhavan, Chairman of ... More

LOTTERY


Kerala lottery sellers seek help
THIRUVANANTHAPURAM: The Lottery Vyapari, Agents and Sellers Association has requested the State Government that hapless families of lottery ticket sellers who had committed suicide in the wake of the lottery ban be provided with immediate ... More

ANTI-DUMPING


Anti-dumping duty on rubber chemicals mooted
THE Designated Authority in the Commerce Ministry has recommended imposition of provisional anti-dumping duty on imported rubber chemicals such as MOR, PX 13 and TDQ, which are extensively used in treating natural rubber, synthetic rubber and ... More

ECONOMY


J&K task force to submit report in 6 months
EFFORTS are needed to accelerate development activities to reach a sustainable solution to the multi-dimensional problems in Jammu and Kashmir. This was stated by the Chairman of the Prime Minister's Task Force for Long-term Social and ... More

Inflation rises on costlier edible items
THE annual wholesale price index-based inflation rose by 5.48 per cent for the week ended April 9, as against the previous week's level of 5.26 per cent. The 0.22 per cent increase in the year-on-year inflation rate during the latest reported ... More

ENVIRONMENT


Tirupur dyers suspend operations en masse
THE dyeing and printing houses in Tirupur, caught in a severe environmental tangle, have suspended en masse their production activity from today in view of the tough stand taken against them by the Madras High Court's green bench on ... More

FOREIGN TRADE


Govt places benefits under Target Plus scheme in abeyance
THE Target Plus scheme introduced in the Foreign Trade Policy 2004-09 has run into rough weather. The Directorate-General of Foreign Trade (DGFT) has placed in abeyance the grant of benefits available under this scheme. The Target Plus scheme ... More

Australia keen on ties with Indian industry
BETTING on innovations in the fields of information technology, research and development in biotechnology, Australia has sought to forge alliances with Indian industry for mutual economic development. Addressing members of the Federation of ... More

PETROLEUM


Aiyar, Chidambaram to discuss revision of oil product prices
The oil marketing companies have been seeking a hike of Rs 5.18 a litre for diesel and Rs 4.70 for petrol. More

Shell-Total combine commissions LNG terminal, port at Hazira
Royal Dutch/Shell Group and Total Gaz Electricite Holdings France, two of the private liquefied natural gas (LNG) providers in the world, on Thursday formally announced the inauguration of the Hazira LNG Terminal and Port at Hazira in Gujarat ... More

Panel pulls up GAIL for not cancelling tender
GAIL (India) Ltd has been pulled up by a Parliamentary panel for non-compliance with a Presidential Directive cancelling the tender for Dahej-Uran Pipeline Project (DUPL) and issuing fresh tenders. The Standing Committee on Petroleum & ... More

Differences between Govt, GAIL over sharing of `profit gas'
EVEN as the Government is yet to make up its mind on whether it would take in kind rather than in cash its share of `profit gas' under production sharing contracts (PSCs) at privately operated gas fields, differences have cropped up between the ... More

ONGC may award coal bed methane drilling contracts in May
ONGC is expected to award the exploratory and development drilling contracts for coal bed methane (CBM) in May this year. The company was scheduled to start the drilling in November last. The contracts are now finalised, and awaiting approval ... More

POWER


BHEL thermal sets touch all-time high plant load factor
THERMAL sets built by Bharat Heavy Electricals Ltd (BHEL) have achieved an all-time high plant load factor (PLF) of 75.7 per cent last fiscal and generated 331.2 billion units of electricity during the period, according to a company release. ... More

TAXATION


`VAT pushes up Haryana revenue collections by 43 pc'
THE implementation of the value-added-tax (VAT) regime by the Haryana Government has given the State 43 per cent additional revenue in the last fiscal. The State's revenues have gone up to Rs 4,778 crore in 2004-05 from Rs 3,346 crore in the ... More

TEXTILES


Textile companies move to keep up with global trends
DOMESTIC textile suppliers are increasingly appointing design consultants in the US and Europe to keep up with fashion trends. Companies such as Welspun Industries and Mafatlal Industries are also setting up marketing and retail infrastructure, ... More

Man-made fibre industry seeks progressive duty structure
Within the MMF categories, the Customs duty build-up between polyester and acrylic that distorted duty differentials between them was glaring. More

TYRES


`High input costs to push up tyre prices'
HIGH input costs, following increase in natural rubber and crude oil prices, might compel the tyre industry to raise the prices of tyres this year also, according to Mr Neeraj Kanwar, Chief Operating Officer, Apollo Tyres Ltd (APL). Talking to ... More

WATER


FAPCCI sets up 2nd defluoridation plant at Chinnakandukur village
IN its efforts to provide drinking water without the harmful fluorides, the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has completed the second defluoridation plant at Chinnakandukur village in Nalgonda ... More

EDUCATION


Four DuPont contest winners from South
DUPONT India on Wednesday announced six winners for its annual nation-wide science paper contest, DuPont India Challenge 2004, among school children in India. Conducted across 700 schools, the company received 4,500 entries, where the best ... More

Madurai Kamaraj varsity microbial department grooming patent culture
THE Department of Microbial Technology of the Madurai Kamaraj University has ushered in a patent culture, under which the post-graduate students, led by the faculty, generate patents under the university system and graduate with a degree and a ... More

IIT-Kharagpur wing plans to offer 2 more management courses
THE Vinod Gupta School of Management (VGSM) at the Indian Institute of Technology- Kharagpur plans to introduce two more management programmes, starting July 2006. Prof Kalyan Chakravarti, Dean, VGSM, said that the one of the new programmes ... More

Management school coming up at Thiruvananthapuram
A Rs 30-crore management institute, styled Asian School of Business (ASB) and aiming to be among the best in the continent, will be the latest attraction at the Electronics Technology Park (Technopark) here. ASB will operate from a 12,000-sq ... More

REAL ESTATE & CONSTRUCTION


Permit must for work on land in Kerala
THIRUVANANTHAPURAM: The Department of Local Administration has issued a warning against unauthorised development of land for purposes of construction and other works within city limits. Announcing this, an official spokesman said here ... More

PRECIOUS METALS


Gold may test resistance level
SPOT gold prices headed higher due to a weaker dollar. With concerns lingering in markets about the threat of inflation to the US economic growth, gold prices seemed to have found some safe-haven interest. The inflation data released this week ... More

BIO-TECH & GENETICS


German team to attend Bio meet in Bangalore
A SEVEN member German delegation will be participating in the three-day Bangalore Bio 2005, underlining its interest in seeking cooperation from Indian industry and forging partnership in research and development in biotechnology. "We are ... More

SOCIAL WELFARE


Promise them their childhood
Policies aimed at transforming the lives of children will not work unless the problems of the adults in their lives are addressed. More

A place in the real world
Management minds at work, not at corporate desks, but in solving a farmer's woes, charting nutritious diets or organising domestic helpers. A social initiative targeted at young professionals. More

EVENTS


IEI to observe Technology Day in Thiruvananthapuram
THE State Centre of the Institution of Engineers (India) and the R&D Centre of surgicals major Terumo Penpol will jointly celebrate the National Technology Day on May 11. This will be preceded by various competitions and interactive sessions ... More

ASCI workshop begins in Hyderabad
ABOUT 80 district collectors drawn from Andhra Pradesh, Tamil Nadu, Karnataka, Kerala, Orissa and Chhattisgarh, will meet at the Administrative Staff College of India (ASCI), here to explore ways of improving the delivery of services to citizens. ... More

ALTERNATIVE MEDICINES


Dharma Ayurveda launches operations in Kochi
DHARMA Ayurveda, which operates exclusive ayurveda spas under the brand name of `Ayurmana' in Kuwait, Goa and Kumarakom is fast expanding its realm of operations. Announcing the launch of the latest Dharma Ayurveda speciality clinic for ... More


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Top Stories
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Textile companies move to keep up with global trends

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Bank deposits losing favour with NRIs

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In Focus

BHEL Disinvestment
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Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 10-Apr. 16
Trade policy: EOUs hope for I-T relief

Coal India sets production target of 343 mt for '05-06

Truck rentals slip on VAT confusion

ICICI Group forays into realty — Arm sets up dedicated fund; partners Tishman Speyer

New patent regime — Discovering new challenges

Indian cos going slow on promoting Valdecoxib

Govt may allow 20 pc FDI in FM radio broadcasting

Corporation tax mop-up touches Rs 83,311 cr

FDI enquiries building up for mid-tier realty cos

Petro product sales up 1.2% in March; diesel demand falls

Crude futures slide 9-10 pc at MCX

Power consumers set to get choice of distribution utility — 11 State ERCs issue open access guidelines

Qatar, India sign air services pact; keen to better trade ties

`World trade growth to slow down this year'

National Jute Policy aims to boost exports — Shipments to be increased to Rs 5,000 cr by 2010

Bumper year forecast for South Eastern Rly — Spurt in demand for rakes by sponge iron units

Big FMCG brands regaining lost ground from low-priced warriors

Chinese garments come cheap


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