Financial Daily from THE HINDU group of publications
Saturday, April 23, 2005
Financial Daily from THE HINDU group of publications Saturday, April 23, 2005 |
|
|
|
|
|
INDUSTRY & ECONOMY CLIMATE & WEATHER Good pre-monsoon showers may help advance cardamom picking EXCESS pre-monsoon showers, about 10 per cent more than normal, in cardamom-growing tracts in Kerala and Tamil Nadu are likely to result in advance picking of next crop by about two months. In normal course, harvesting of the next crop is to ... More LOTTERY Kerala Lotteries to resume THIRUVANANTHAPURAM: Draws of the Kerala State Lotteries will resume on May 10. Sale of tickets will begin next Monday (April 25). An estimated 45 lakh tickets in the `Periyar,' `Chaithanya,' `Kairali' and `Saubhagya' series will reach ... More BUDGET Address growth-inhibiting proposals in Finance Bill, says FICCI THE Federation of Indian Chambers of Commerce and Industry (FICCI) has said the Budget proposals that inhibit growth of credit and investments in the private corporate sector need to be addressed in the Finance Bill to ensure that manufacturing ... More ECONOMY States' borrowing costs set to rise REVENUE deficits for most State Governments are likely to come under pressure as a result of rising borrowing costs for most of them. This trend was evident from the wide spreads of Kerala Government's Rs 300-crore borrowings during the week. ... More ENVIRONMENT Plunder, most foul Stumps of sandalwood trees at Marayoor in Idukki district bear testimony to the havoc being wreaked on the environment. The State Government and environment groups observed this year's Earth Day on Friday as Sandalwood Protection ... More FOREIGN TRADE Export groups to get online links within 6 months AN electronic data interchange (EDI) platform linking all major community partners such as Director-General of Foreign Trade (DGFT), customs, banks and export promotion councils would be put in place by six months. This platform would facilitate ... More
India, UK sign biotech transfer pacts HEALTH India makes cheap anti-AIDS drugs, but not for its patients INDIA may have the second largest number of HIV/AIDS patients in the world, but access to anti-retroviral (ARV) drugs is still very limited. This, despite the fact that Indian generic companies such as Ranbaxy Laboratories, Cipla Ltd and Hetero ... More
Angioplasty done thru patient's arm INFRASTRUCTURE Move afoot for coastal corridor in AP THE State Government has proposed a major initiative to take up the integrated development of a coastal corridor by creating infrastructure, promoting industries and giving special attention to socio-economic sectors. The corridor would extend ... More
YSR offers industrial corridor to CEOs
SIMA seeks more land in Cuddalore SIPCOT complex PSU Oil Ministry seeks `independent director' status for Govt nominees on PSU boards DESPITE the Securities and Exchange Board of India deferring the implementation of amended Clause 49 of the Listing Agreement, the issue of `independent directors' continues to haunt public sector companies. The Ministry of Petroleum has ... More PETROLEUM Tapti gas field shut down as GAIL cuts purchases THE ONGC-Reliance-British Gas consortium has been forced to shut down wells at its Tapti gas field for the first time in eight years, after GAIL (India) - its largest gas buyer — cut purchases to one-third. The Tapti field, which ... More
ONGC lowers turnover, net profit estimates for 2004-05
GAIL, BIS to set up cell for pipeline norms POWER TN `lags in commercial viability' in power sector TAMIL Nadu, which has been ranked fifth in a performance rating of the power sector in all the States, fares poorly when it comes to progress in attaining commercial viability of the sector. The rating exercise carried out by ICRA and Crisil ... More STEEL As global iron prices fall — Domestic steel prices likely to soften AFTER a prolonged bull run in steel prices for a little over two years, domestic steel prices are all set to soften from the second quarter following softening of iron ore prices globally. Faced with global over supply, Indian iron ore ... More TAXATION Tax treaties: Talks on with 21 countries THE Government has started negotiations with as many as 21 countries for entering into tax treaties. The 21 countries include Kuwait, Saudi Arabia, Bahrain, Nigeria, Chile, Mexico, Latvia, Lithuania, Albania, Venezuela, Botswana, Algeria and ... More
Anti-VAT campaign to be launched in Mangalore TEXTILES It's advantage India as China plans to tax its textile exporters WITH China planning to impose a new set of high tariffs on its garment exports to the US and the EU, Indian apparel exporters could stand to gain market share in the two key markets. Faced with a backlash in the US and the EU markets, China is ... More EDUCATION IIT Kharagpur plans to set up learning centres in 6 cities THE Indian Institute of Technology (IIT), Kharagpur, is chalking out a detailed strategy to spread its wings to reach out to major cities across the country. Currently at the drawing board stage, the strategy once approved by its Senate would ... More
India, New Zealand sign education pact AUTOMOBILE COMPONENTS Auto electronics driving up business, jobs all over AN estimated 60 million trucks and cars roll out of assembly lines all over the world every year. An increasing number (30 per cent, and growing) is leaving key functions to electronics, offering enormous business and employment opportunities. ... More GEMS & JEWELLERY Call to scrap 2 pc excise duty on branded jewellery THE Gem and Jewellery Export Promotion Council (GJEPC) has urged the Finance Minister, Mr P. Chidambaram, to do away with the 2 per cent excise duty levied on branded jewellery in the Union Budget for 2005-06. A senior GJEPC official said that ... More READYMADE GARMENTS India ranked 6 in US' list of textile, apparel exports IN all the euphoria about the lifting of quotas, it is all too easy to forget that the US increased its textile and apparel exports by 200 per cent over the past 15 years. And it has managed to do this despite the fact that much of its capital ... More KNITWEAR & HOSIERY Tirupur dyers resume operations A DAY after deciding to indefinitely suspend their production work, the wet-processing industries in Tirupur came round to reconsider their stand and resume work. This follows a strong move by various textile industries trade bodies in Tirupur ... More BIO-TECH & GENETICS Govt for setting up of human stem cell bank THE Union Health and Family Welfare Minister, Dr Anbumani Ramadoss, on Friday stressed the need for setting up a stem cell bank for breeding human cell for research and development of effective cure for diseases. At the fifth Bangalore Bio ... More
Exim Bank bets on biotech ventures
Bangalore Bio 2005 Expo |