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Tuesday, April 26, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


TN companies lead in hiring confidence: Study
FOR the quarter April-June 2005, companies in Tamil Nadu have expressed the highest hiring confidence, followed by Andhra Pradesh and Gujarat. Surprisingly, Karnataka, home to more than a thousand IT and ITES companies, comes seventh in the ... More

CLIMATE & WEATHER


`Unstable' tropics a weatherman's nightmare
Tropical weather, especially the Indian monsoon, continues to be an enigma that has engaged the minds of the best meteorologists over the last few decades. More

INVESTMENTS


`Average earner is risk averse'
The data survey may help PFRDA in finalising the contours of a new pension scheme for the informal sector. About 40,800 households from different parts of the country comprised the sample for the survey. More

AWARDS & HONOURS


Yudhvir award for Badri Vishal Pitti
INDUSTRIALIST, art collector and social worker, the late Badri Vishal Pitti has been selected for the prestigious Yudhvir Memorial Award for 2005. Mr Pitti took part in the Quit India Movement at the age of 14. During the Hyderabad Freedom ... More

FOREIGN TRADE


Campco to explore Pakistan market for arecanut, cocoa
TAKING advantage of the improvements in Indo-Pakistan relationship, the Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd (Campco) is planning to explore the Pakistan market for its products. Addressing presspersons here on ... More

HEALTH


`Indian Dental Association watching developments on triclosan'
THE Indian Dental Association (IDA) said on Monday that it has not issued any guidance to dentists so far on the `triclosan' issue, which is causing a stir among oral care manufacturers globally. Dr Ashok Dhoble, Honorary Secretary General of ... More

PETROLEUM


Aiyar-Chidambaram meet on petroleum price hike inconclusive
THE much-awaited meeting between the Finance Minister, Mr P. Chidambaram, and the Petroleum Minister, Mr Mani Shankar Aiyar, here on Monday to discuss the issue pertaining to hiking the petroleum product prices remained inconclusive. Speaking ... More

POWER


IFC commits $49 m for Himachal hydel project
INTERNATIONAL Finance Corporation (IFC), the private sector arm of the World Bank, has committed around $49 million of equity and debt funding to the 192 MW AD Hydro Power Ltd. — one of the first hydro power plants to be financed on a ... More

TAXATION


Chidambaram confident of achieving revenue targets
THE Finance Minister, Mr P. Chidambaram, has expressed confidence over achieving the revenue collection targets for 2005-06. "The revenue targets for the current fiscal are aggressive, but achievable," he told newspersons after releasing the ... More

Implement VAT for tea uniformly: Tea associations
MEMBERS of the Tea Association of India have written to the Chief Ministers of several State Governments and to Mr Kamal Nath, Union Commerce Minister, on their fears over non-implementation of VAT (value-added tax) by some States. VAT should ... More

Inputs paucity in `non-VAT States'
NEW DELHI: Assocham on Monday said manufacturers in States which have not switched over to VAT have begun facing shortage of raw materials due to confusion over billing of goods between VAT and non-VAT States. The confusion has ... More

RADIO/TV


Reuters to pick up 26% stake in Times Group's news channel
REUTERS Ltd has decided to acquire 26 per cent equity stake in The Times Global Broadcasting Co Ltd, the news broadcasting company of The Times of India Group. The Group declined from giving details of the valuation of deal. Reuters is expected ... More

Disney chief meets Kalam
AFTER the NewsCorp chief, Mr Rupert Murdoch visiting India, the Walt Disney Company's Chief Executive Officer, Mr Michael D Eisner, has come to review its operations here. And during his stop at the Capital, Mr Eisner met President, Mr A.P.J ... More

EDUCATION


Karnataka State Board SSLC results on Reliance mobile phones
THE results of SSLC (10th standard) examination, conducted by the Karnataka State Board, will be available on Reliance India Mobile's `R World' from April 26. A Reliance Infocomm release said here on Monday that the Karnataka State Board has ... More

Rs 100 cr to be spent on Govt, municipal schools in AP
THE State Government is going to spend Rs 100 crore on construction of additional classrooms, toilets and compound walls in all Government and municipal schools in the urban areas, according to the Chief Minister, Dr Y.S. Rajasekhara Reddy. He ... More

CARS


Small cars continue to rule the sales chart
DESPITE a string of launches in the sedan segment over the past year, it was the large-volume small car segment that saw a significant improvement in sales in the year. Small cars (consisting of brands such as the Hyundai Santro, Maruti Wagon ... More

AUTOMOBILE COMPONENTS


`Make compliance of battery handling rules mandatory'
OFTEN hauled up for non-compliance of battery management and handling rules (BMHR), which makes retrieval of used lead acid batteries mandatory, the organised sector has now turned the heat on importers and the unauthorised lead smelters and ... More

REAL ESTATE & CONSTRUCTION


Prajay Engineers new township in Hyderabad
HYDERABAD: Prajay Engineers Syndicated Ltd, the Hyderabad-based construction company, has announced the launch of new township - Prajay Homes, here on Sunday. In a press release here, the company said the satellite township on the ... More

Akshaya Homes proposes five IT parks
THE Chennai-based Akshaya Homes Pvt Ltd, which has just commenced its 125th residential project, plans to enter into the commercial space segment. The company has plans to set up five IT parks with an investment of about Rs 150 crore. Mr T. ... More

Sand `Castle'
Workers churning a load of sand in a lorry to increase the volume. When the demand for building materials moves up along with the booming business in real estate and construction industry in Chennai, such " techniques" also help in boosting ... More

INDUSTRY ASSOCIATIONS


FICCI signs MoU with Virginia body
TRADE and investment between the US State of Virginia and India will receive a shot in the arm with the signing of a memorandum of understanding (MoU) between the Virginia Economic Development Partnership (VEDP) and the Federation of Indian ... More

SCIENCE & TECHNOLOGY


IcfaiTech workshop in Hyderabad
HYDERABAD: Internationally reputed scientists in the area of VLSI design participated in the two-day workshop organised by the ICFAI Institute of Science and Technology (IcfaiTech) here on Monday. In a press release, the institute said ... More

MINING & QUARRYING


Posco, Orissa Govt talks deadlocked over mining rights
The Korean firm has sought to ship 400 million tonnes of iron ore over a period of 30 years out of a captive iron ore mine capable of supplying 600 million tonnes of ore. More

IPR


Now, KPO in patents
AFTER software, financial services, clinical research, outsourcing IPR could soon emerge as the new KPO (knowledge process outsourcing), in which India can become a global player. With more than 100 multinationals setting up their research and ... More

SOCIAL WELFARE


Micro financing — NGOs can raise ECB up to $5 m
THE Reserve Bank of India (RBI) has allowed non-government organisations (NGOs) involved in micro-finance activities, to go in for external commercial borrowings up to $5 million under the automatic route. In order to be eligible for ECB, the ... More

HUMAN RESOURCES


Plan to hike retirement age to cut EPFO pension liability
TO bring down the Employees' Provident Fund Organisation's (EPFO) pension liability in the long run, the Government is considering the proposal of increasing the retirement age from 58 to 60 for those employees who are members of the Employees' ... More

TRADE & LABOUR UNIONS


Singareni staff strike begins
HYDERABAD: Only 28 per cent of the 50,000 Singareni Collieries employees reported to duty in the first shift on the first day of the three-day token strike that began on Monday. A company spokesman told Business Line that ... More

EXPORTS & IMPORTS


Exim Bank loan disbursement up 64% in 2004-05
LOAN disbursement by Export Import Bank of India rose by 64 per cent to Rs 11,435 crore in 2004-05 as compared with Rs 6,957 crore in the previous year. Sanction increased by 71 per cent to Rs 15,853 crore (Rs 9,266 crore). Foreign currency ... More


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Apr. 17-Apr. 23
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It's advantage India as China plans to tax its textile exporters

As global iron prices fall — Domestic steel prices likely to soften

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