The Hindu Business Line : Thursday, July 21, 2005

Fresh low-pressure area over Bay likely
THE National Centre for Medium Range Weather Forecasting (NCMRWF) has predicted the possibility of a fresh low-pressure area developing over the northwest Bay of Bengal as early as Saturday (July 23) but is apprehensive it may not automatically ... More

Rainbow colours
These colourful umbrellas sold on the pavements of Mumbai cost a fraction of the branded ones. Now the market is full of them with the monsoon in full swing.

SOCIAL SECURITY

`New pension subscribers may have option of investing 100 pc in G-sec'
THE interim Pension Fund Regulatory and Development Authority (PFRDA) has suggested that subscribers to the New Pension System (NPS) be given the option of the safest-of-the-safe scheme where 100 per cent of the corpus would be invested in ... More

ECONOMY

CAG warns Kerala of getting into debt trap
THE prospects of the State's revenue deficit being brought down to `nil' and fiscal deficit to two per cent of the estimated Gross State Domestic Deposit (GSDP) by March 2007 as envisaged in the Kerala Fiscal Responsibility Act appears `bleak' at ... More

Households giving less importance to financial savings: Study
THE major trend in household savings over the past decade has been a decrease in the relative importance of financial savings as compared to physical savings. According to data recently released by the CSO, financial savings accounted for ... More

FOREIGN TRADE

India for highest cuts in domestic farm support in US, Japan, EU
INDIA on Tuesday made it clear that the three largest distorters in global farm trade, the European Union, Japan and the United States, should be subject to the highest cuts in their domestic support measures to their farmers. Disclosing this ... More

FICCI signs MoU with Tajikistan chamber
THE Federation of Indian Chamber of Commerce and Industry (FICCI) has signed a memorandum of understanding (MoU) with the Tajikistan Chamber of Commerce and Industry to strengthen economic and commercial ties between India and Tajikistan. ... More

HEALTH

Tuticorin traders protest ban on non-iodised salt
THE Thoothukudi Thanpadu Uppu Ettrumathi Vyaparigal Sangam took out a rally protesting the move of the Centre to impose a ban on the sale of non-iodised salt from August 15, at Tuticorin recently. According to the Sangam's Secretary, Mr ... More

`Healthcare costs for corporates could go up due to HIV/AIDS'
HEALTHCARE costs for corporate India could go up if the workforce is not sensitised about HIV/AIDS. Speaking to Business Line, Mr J.V.R. Prasada Rao, Director (Regional Support Team), Asia-Pacific, UNAIDS, said: "Unlike South Africa, ... More

POWER

Dabhol: GAIL in talks with LNG suppliers
WITH the decks being cleared for restarting the $2.9-billion Dabhol power plant, tough negotiations are going on between GAIL (India) Ltd and prospective liquefied natural gas (LNG) suppliers on the price of the feedstock for the plant. ... More

TAXATION

Tax protocol comes into effect on Aug 1 — Indian companies can access Singapore tech at lower cost
CORPORATE India can now access technology at a lower tax cost from Singaporean entities. This is because a protocol signed by India and Singapore lowering the maximum applicable tax rate on payments for royalties and fees for technical ... More

VAT slows down auto sales
AUTO sales had lost momentum during the first six months of 2005. Not only have two months in the period - February and June - seen a dip in domestic sales vis-à-vis the same period last year, the overall production during the period ... More

TEXTILES

Indian Textile Clusters, Carrera Holdings sign pact for textile consortium
THE Indian Textile Clusters and Italian company Carrera Holdings have signed a formal agreement to form a textile cluster consortium. Members of the consortium include six hi-tech textile parks — Cauvery Hi-Tech Weaving Park, Palladam ... More

SIDBI, IL&FS in pact to develop textile parks
TO boost small and medium textile units, IL&FS and SIDBI Ltd have come together to provide infrastructure and financial support to develop textile parks. Under an MoU signed between the two institutions on Wednesday, IL&FS will give ... More

SSI

Business directory of small units on anvil
A BUSINESS register, which lists small industrial units with 20 plus employees, is being compiled by the Directorate of Economics and Statistics (DE&S), Andhra Pradesh. The survey covering manufacturing units has so far identified about 11,109 .. More

PERSONAL PRODUCTS

A shaky growth curve
THE fast moving consumer goods (FMCG) sector is on a high. Despite posting a sharp downturn in May this year, with overall growth dropping to 4.4 per cent — the lowest since July 2004 — analysts maintain that the FMCG sector ... More

TERRORISM

Car explosion
Army soldiers at the scene of a suicide attack in Srinagar on Wednesday. A suicide bomber slammed a car into a military jeep killing six soldiers and injuring scores of ... More

RADIO/TV

Zee Star salvo
Star and Zee have adopted a single point strategy to sell their entire bouquet of channels to advertisers. Opinion is divided, however, on whether this is the best strategy to offer better value. More

Asianet launches third channel
Called Asianet Plus, the new television channel is targeted at young Malayalees across the world, said Mr Mohan Nair, Chief Operating Officer, Asianet Communications Ltd. Addressing a press conference in the city today, Mr K. Madhavan, Managing ... More

EDUCATION

DirecWay brings top B-schools together for satellite-linked education
A management degree today is what a bachelor's degree was some 15 years ago, says Mr Pankaj Aggarwal, Head, Marketing, DirecWay Global Education, a satellite-based education and training service from Hughes Escorts Communications Ltd. An MBA ... More

REAL ESTATE & CONSTRUCTION

Purvankara, Singapore co form jt venture for residential projects
LEADING Singapore developer Keppel Land has formed a joint venture with Purvankara Projects to launch its first residential development project in Bangalore. The Rs 600-crore condominium, spread over 2.5 million sq. ft to accommodate over 1,000 ... More

PRECIOUS METALS

Gold weekly contracts settled
THE first-ever weekly gold (demat) contracts - GoldAhm July05 - launched by the Multi Commodity Exchange of India last week were settled successfully on Thursday, resulting in physical delivery of 10 kg of gold at Ahmedabad. MCX launched ... More

KNITWEAR & HOSIERY

Fall-out of High Court order — Tiny Tirupur knitwear units fear cost rise, supply chain break
SMALL and medium knitwear exporters in Tirupur, relying mainly on independent textile processing houses, may face dislocation in supply chain and possible escalation in manufacturing costs due to the current imbroglio faced by the dyeing and ... More

BIO-TECH & GENETICS

Bangalore puts off biotech sector too
AFTER the IT industry, it is the biotechnology sector's turn to rant at Bangalore's hopeless roads and infrastructure. And Chennai, Hyderabad or Pune may be the gainers. A crumbling Bangalore may be forcing its resident biotechnology major, ... More

NEWSPAPERS & PUBLISHING

The great paper chase
Newspapers old and new are trying all manner of tricks to attract readership in the course of their launch/expansion plans. Expense and innovation are the constants in this game. More

FOREIGN DIRECT INVESTMENT

BMW seeks FIPB nod for $40-m plant in TN
BMW group, the German automobile major, has sought FIPB permission to set up a modern plant at Chingleput in Tamil Nadu at an investment of around $40 million. The company would be taking the wholly owned subsidiary route for setting up the ... More

AP Govt seeks appointment with Volkswagen CEO
THE Andhra Pradesh Government has initiated efforts through the Indian Embassy in Germany to set up an appointment for its official delegation to meet Volkswagen's Chief Executive Officer, Mr Bernd Pischetsrieder. The meeting is intended to ... More

RURAL DEVELOPMENT

Andhra Bank to open 3 more rural institutes
ANDHRA Bank plans to set up three more institutes for rural development - two in Andhra Pradesh and one in Orissa (in addition to the existing six), said Mr K. Ramakrishnan, Chairman and Managing Director. He told a press meet here on ... More

TRADE & LABOUR UNIONS

Passport office staff on warpath over move to privatise services
PROTEST is brewing among passport office employees over the reported move of the Union External Affairs Ministry to entrust private parties with various passport related services. The office bearers of the All India Passport Employees ... More

EXPORTS & IMPORTS

Tea industry worried over rising imports; Vietnam major supply source
TEA imports during January-April this year have increased by over 25 per cent compared with the same period last year, causing concern to the domestic tea plantation industry. According to Upasi, imports during January-April 2005 stood at 5.72 ... More

Six-point plan to boost exports to China
THE Government has unveiled a six-point plan for giving a thrust to the country's exports to China. This is aimed at enabling Indian exports to make a significant dent in the Chinese market by diversification of the export basket from primary ... More

Campco seeks curbs on arecanut imports
THE Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd has said the Union Government should cancel all the advance licences that were issued for the import of arecanut and cocoa products. A Campco delegation - ... More

ALTERNATIVE MEDICINES

Dr Batra's opens third clinic in Hyderabad
HYDERABAD: Dr Batra's Positive Health Clinic Private Ltd has opened its third clinic in Hyderabad, at Khairatabad, taking its all- India total to 36. Addressing a press conference here on Wednesday, the Chairman and Managing Director of ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
Weak euro may hit Wipro Q1 margins

Rajeev Chandrasekhar moves on to live his next dream

Removal of circuit limits on HMT, ITI surprises traders

`Average salary rise in India the highest in Asia'

12.7 pc priority sector loans are NPAs: Economic Survey

Foodgrain stocks dip below buffer norm — Situation comfortable to meet needs, says Pawar

Indian Textile Clusters, Carrera Holdings sign pact for textile consortium

In Focus

Tracking the rains

FDI in Print Media