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Saturday, May 21, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


High tide, swell waves cause panic in coastal Kerala
UNUSUALLY strong tide and surging waves created panic in the coastal areas of a number of districts from Thiruvananthapuram in the south to Thrissur in the north for the second consecutive day on Friday. Gushing seawaters from the `swell' ... More

NRIS


Fairness on the foreign front
T. C. A. Ramanujam on changes to non-resident taxation More

SBI readies plans to lure IMD redemptions
STATE Bank of India is likely to offer a special deposit scheme, chiefly through its overseas offices, with a view to attracting a significant portion of the India Millennium Deposits that are expected to come up for redemption shortly. The ... More

ECONOMY


Inflation falls a tad on dip in food prices
THE annual wholesale price index-based inflation eased marginally by 0.06 per cent to 5.61 per cent during the week ended May 7, from the previous week's level of 5.67 per cent. The dip in the year-on-year inflation was mainly due to a fall in ... More

India Inc gives UPA Govt 65 pc: Assocham survey
INDIA Inc has given the UPA Government a 65 per cent score, a shade better than the Prime Minister, Dr Manmohan Singh's own assessment of 60 per cent on completion of one year in office, according to a survey by the Associated Chambers of ... More

FOREIGN TRADE


Venezuela keen on improving trade ties
THE energy sector is expected to make a difference in the relationship between India and Venezuela, thanks to, inter alia, the involvement of oil majors such as ONGC. The Government of Venezuela is looking forward to further co-operation ... More

HEALTH


Surgeon sets a `hearty' record
THE Chief Cardiologist at Apollo Hospitals, Dr Vijay Dikshit, has achieved a rare distinction of performing 1,000 beating heart surgeries with 99.1 per cent success rate. Speaking to newspersons today, Dr Dikshit said: "A major cause of ... More

PETROLEUM


Aiyar for equitable sharing of oil price hike burden
THE Petroleum Minister, Mr Mani Shankar Aiyar, has said that the price revision mechanism for domestic fuel may have to take into account an equitable sharing of the burden among the three stakeholders — the consumers, the Government and ... More

Panna-Mukta-Tapti joint venture hikes output
THE Panna-Mukta-Tapti joint venture between British Gas, Reliance and ONGC has raised its production to million standard cubic metre per day (mmscmd). The joint venture was earlier forced to reduce output. Sources said that GAIL had started ... More

PHARMACEUTICALS


Centre's 1-year report card — `Unfinished' agenda bugs pharma sector
AS the UPA (United Progressive Alliance) Government at the Centre gives itself a report card on completing its first year in office this weekend, experts in the healthcare and pharmaceutical segments are feeling the pangs of an unfinished ... More

TAXATION


DGST is authority for service tax registration
THE Finance Ministry has specified that the Director-General Service Tax (DGST) would be the authority for granting centralised registration to service tax assesses having operations in multiple central excise jurisdictions. This new norm would ... More

TEXTILES


`Indian textile market fastest growing in 2004'
EVEN as Indian textile players make a beeline for the US and the EU markets, it is back home that the textile market is really growing. India is emerging as the fastest growing textile market, while several of the Western markets, including the ... More

Powerloom units fail to utilise subsidy fully
WHILE subsidies earmarked are generally meant to be quickly used up, not all sectors of industry show the appetite to devour them at one go. The decentralised powerloom industry is perhaps one industry credited with the distinction of leaving ... More

SSI


Acer-Intel seminar on SMBs
AS part of its efforts to reach out to the small and medium business (SMB) segment, Acer India is partnering with Intel to organise a series of seminars in various towns across South India. Mr S. Rajendran, General Manager - Sales and ... More

ITC to source agarbatti raw material from Tripura
IN a major bid to source raw material for its growing agarbatti marketing business from the north-eastern region, ITC Ltd has signed an MoU with the Tripura Government for a bamboo development programme. The other two MoU partners that are ... More

COAL


Tata Steel eyes coal mining block in Australia
TATA Steel hopes to acquire a coal-mining block in Australia some time this year, Mr Muthuraman said. The company's need for imported coal for blending was estimated at seven million tonnes by 2010-2011. Following the acquisition of ... More

RADIO/TV


Competition may trigger price war in DTH market
IT will finally boil down to who offers the best deal at the cheapest rate. The war for subscribers is set to begin in the next one year, with at least four operators — Essel Group's Dish TV, Prasar Bharati's DD Direct, Tatas-Star Group's ... More

EDUCATION


Universitas eyeing corporate tie-ups
UNIVERSITAS 21 Global, which launched an online MBA programme for students across the globe in July 2003, is now looking at corporate tie-ups in India. Dr Michael Goldberg, Chief Academic Officer, Universitas 21 Global, told Business Line ... More

Manipal Academy, EMC Corp tie-up for information storage course
THE Manipal Academy of Higher Education (MAHE) has signed a memorandum of understanding with EMC Corporation, Southboro, USA, on information storage management courses. Under this agreement, courses will be offered at the Manipal Institute of ... More

SCIENCE & TECHNOLOGY


New Map Policy to boost GIS-based industry
THE New Map Policy announced by the Centre is expected to boost the Geographical Information Systems (GIS)-based industry, as well as help create a range of databases, which could be used in better planning and implementation of development ... More

MINERALS


India should not export iron ore: Muthuraman
INDIA'S urge to export iron ore should be tempered by the economic benefits of converting it into steel at home and the domestic need for the resource caused by the country's own graduation to being a big steel consumer, Mr B. Muthuraman, ... More

SOCIAL WELFARE


AP CM promises to double loans to women's groups
THE State Government is keen on improving the lot of rural women and for that purpose it will make the necessary arrangements to double the loans from commercial banks to the development of women and children in rural areas (DWCRA) groups during ... More

ALTERNATIVE MEDICINES


Herbal products launched
KOCHI: The Mumbai Prakruti Bio Farms has introduced its six premium herbal products in the Kerala market. It includes aloe vera health drink, safed mulsi tablets, anti-diabetic capsules, immunity booster capsules etc. To ... More


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Top Stories
GEAC tightens norms for Bt cotton approval


SEBI chief talks tough on violators

SingTel raises stake in Bharti Telecom to 32.8%

Inflation falls a tad on dip in food prices

Aiyar for equitable sharing of oil price hike burden

Centre's 1-year report card — `Unfinished' agenda bugs pharma sector

`Indian textile market fastest growing in 2004'

Pvt banks as RRB sponsors seems a good bet

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
May. 8-May. 14
Car sales up 13.6 pc in April; CVs down 15 pc

Chinese textile exports to US dive 21 pc in March

Coal shortage hits Rlys' freight movement plans

Marginal rise in biz confidence index

`Banks must recognise credit rating of SSIs by independent agencies'

Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments

Automobile sales top Rs 1,10,000 cr in value terms

`Mud slinging is an occupational hazard'

VAT panel may assume quasi-judicial role

Company Affairs Ministry okays Sun group's DTH application

Educational, medical institutions run on commercial lines may lose tax sop

Essar Power plans Rs 4,000-cr investment in new capacity

Industry posts 8 pc growth in 2004-05

Tobacco: Health Ministry may ban brand extension ads

Haryana matches Delhi, pegs VAT rate on automotive tyres at 12.5 pc

India set to become knowledge process outsourcing hub: CII

Realty cos shift focus to non-metros


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