Financial Daily from THE HINDU group of publications
Tuesday, October 25, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Fresh rain alert for Tamil Nadu, AP coast
NORTH Tamil Nadu and south coastal Andhra Pradesh are in line to get a hammering from waves of rain bands spawned by a fresh upper air cyclonic that took shape over the southwest Bay of Bengal on Monday. This system could well be the prelude ... More

CONSUMER ELECTRONICS


Philips eyes over Rs 1,200 cr turnover — To focus on home entertainment
PHILIPS Electronics India Ltd expects sales of DVD to cross eight lakh units, while colour televisions (CTV) could cross seven lakh units, taking its turnover beyond Rs 1,200 crore. "We are adding one new segment every year and if it was DVDs ... More

ECONOMY


We will take steps to rein in inflation: Chidambaram
A DAY ahead of the mid-term review of the Credit Policy, the Finance Minister, Mr P. Chidambaram, has said that the Government and Reserve Bank of India would take steps to keep inflation within moderate levels. He said that in the near term ... More

ENGINEERING


Indian cos bag $1-m contracts at Mexico engineering fair
THE Engineering Export Promotion Council (EEPC), at its recently concluded three-day Indian engineering exhibition (Indee 2005) in Mexico, besides generating serious enquiries, concluded contracts worth over $1 million. Some 150 Indian ... More

ENVIRONMENT


DSCL Energy, Agrinergy enter pact for emission reduction solutions
EYEING the high potential in carbon trading in the country, DSCL Energy Services Company Ltd (DSCL ES) and the UK-based Agrinergy Ltd have joined hands to offer end-to-end clean development mechanism (CDM) solutions to Indian companies. The ... More

FERTILISERS


Fertiliser output in August close to target
FERTILISER production in the month of August was as per the target set by the Ministry of Chemicals and Fertilisers, according to an official release. The estimated production of fertilisers during the month stood at 17.98 lakh tonnes of urea ... More

FOREIGN TRADE


India, Mauritius sign preferential trade pact
INDIA and Mauritius today signed a Preferential Trade Agreement (PTA) to help increase the island nation's exports to India and provide India with the opportunity to tap into African markets. The agreement was signed by officials of the two ... More

Holland to encourage outsourcing to India
THE Dutch Deputy Prime Minister and Minister for Economic Affairs, Mr Laurens Jan Brinkhorst, said his government would encourage outsourcing in the ICT sector and would work to convince Dutch industry about the benefits of outsourcing to India. ... More

More business ties with Romania emerging
EVEN as there had been a huge spurt of nearly 355 per cent in India's trade with Romania in the last three years, it now offers further attractive trade and investment opportunities for business with Romania likely to become the member of the ... More

Trade with EU up 30 pc in first four months
THE bilateral trade between India and the 25-member European Union (EU) amounted to $13.42 billion during the first four months of the current fiscal, logging a growth of about 30 per cent over the corresponding period of 2004-05, the Commerce ... More

PETROLEUM


Oil price to increase fiscal burden, warns RBI
THE Reserve Bank of India has repeated its warning that unless the Government passes on the increase in international oil prices to the domestic market, it will pose a significant risk to the country's fiscal situation. "The hike in ... More

PHARMACEUTICALS


Govt to consider compulsory licensing of bird flu drugs today
TOP Government officials from the Ministries of Health, Chemicals and Fertilisers, Industry and Animal Husbandry are likely to take stock of the spread of bird flu in India and the availability of medicines on Tuesday. Speaking to newspersons ... More

Experts pool soon for evaluation of clinical R&D data
THE Union Government has decided to create a pool of experts that can be put into use for outsourcing for evaluation of clinical research data. According to Mr Ashwani Kumar, Drug Controller General of India, the capacities to evaluate and ... More

TAXATION


Exempt `foreign dividend' from tax in India: FICCI
THE Federation of Indian Chamber of Commerce and Industry has suggested to the Government that dividends received by an Indian company from its investments in the shares of foreign companies should be exempt from tax in India. Similarly, the ... More

SBT launches e-payment of taxes
THIRUVANANTHAPURAM: State Bank of Travancore (SBT), which recently networked all its 672 branches with core banking solutions, has launched the facility for e-payment of Central excise and service taxes through its Internet banking ... More

KCCI to hold meet on Nov 5 on future course of agitation
THE Kanara Chamber of Commerce and Industry (KCCI), Mangalore - which is observing a `non-compliance' agitation against service tax on payers of freight - has convened a meeting of all the trade associations and chambers of commerce in ... More

COAL


Coal India mining to be fully mechanised by 2017
COAL India Ltd (CIL) has plans to convert the present mix of manual, semi-manual and mechanised underground (UG) mining in favour of 100 per cent mechanised mines by 2017. The current available methods - long-wall and board & pillar (B& More

PERSONAL PRODUCTS


L'Oreal to tackle pricing pressure through stock keeping units
TRYING to strike a balance in its pricing strategy for the Indian market, `L'Oreal India Private Ltd believes that by introducing more stock keeping units (SKU's) it will be able to tide over the steep pricing of its products. Mr Ashwin ... More

FMCG sector buoyancy to continue: Adi Godrej
THE buoyancy in the FMCG sector is expected to continue. "I can think of no negatives that could hamper growth, save unforeseen developments,'' Mr Adi Godrej, Chairman, Godrej Group, said. On Friday, Godrej Consumer Products Ltd (GCPL) had ... More

EDUCATION


Global biz schools to take part in XLRI annual fest in Kolkata
ENSEMBLE, the annual management fest organised by XLRI Jamshedpur, is set to reach out to foreign business schools this year. The forthcoming event, which will feature leading Indian business schools and top companies, will receive some ... More

INDUSTRY ASSOCIATIONS


Govt urged to take steps to revive plantation sector
Structural changes will have to happen in the regulatory and legal structure binding the industry and in the development and marketing strategies. More

FOREIGN DIRECT INVESTMENT


Govt plans to allow PIO participation in aviation
The Finance and Commerce Ministries are said to be favourably inclined towards the move to include PIO as NRIs. More

Foreign equity holders in cellular cos may up stake
THE Government's decision to increase FDI in telecom sector to 74 per cent is expected to result in some significant announcements over the next few weeks by existing foreign stakeholders in Indian cellular companies such as Airtel and ... More

RURAL DEVELOPMENT


ABN-Amro plans to expand micro-financing to Rs 400 cr
ABN-AMRO Bank is planning to lend Rs 400 crore to 10 lakh women through micro-finance institutions (MFIs) by the end of 2008. Speaking to newspersons on the occasion of the inauguration of the 22nd branch of the bank at Mangalore on Monday, Mr ... More

ENTERTAINMENT & LEISURE


`Global entertainment biz to gravitate to Asia' — India may garner $200 b, says Shekhar Kapur
THE global entertainment industry, projected to touch a whopping $1.8 trillion by 2015, is gravitating towards the Asian region, and India has the potential to garner a chunk of it — about $200 billion. Riding on the emerging digital ... More

EXPORTS & IMPORTS


India to import onions from China, Pak
IN a bid to check spiralling onion prices, India will import 2,000 tonnes of onion from China and 650 tonnes from Pakistan, through the State procurement agency, National Agricultural Cooperative Marketing Federation (Nafed). Onion imports ... More

Tsunami effect: Shrimp exports to US take a hit
WITH new reports on damages caused to the seabed, decrease in shrimp catch and major erosion in aquaculture production, the devastating impact of the tsunami is still being felt along the Indian coastline. "There has been a 30 per cent fall in ... More

NATURAL CALAMITIES


Wipro, HTMT offices on Hosur Road flooded
ONE of the offices of WiproLtd has been completely cut off because of heavy rains which caused flooding. The company today said it has put in place "a well-documented and tested disaster recovery, business continuity and contingency management ... More

ALTERNATIVE MEDICINES


Testing for heavy metals in herbal medicine exports made mandatory
AFTER health regulators in the UK and Canada issued warnings on the presence of heavy metals in certain Ayurvedic and Unani products, the Health Ministry has made it mandatory for exporters of such medicines to test for heavy metals like ... More



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Top Stories
Fresh rain alert for Tamil Nadu, AP coast


No case for cotton, sugarcane price hike

Indian retailers listed among Asian toppers

`Banks may need Rs 60,000 cr more capital'
Chidambaram to convene meet of CMDs next month to discuss issue


DSCL Energy, Agrinergy enter pact for emission reduction solutions

Fertiliser output in August close to target

FMCG sector buoyancy to continue: Adi Godrej

India to import onions from China, Pak

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
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
Oct. 16-Oct. 22
Vegoil tariff values raised by $10-24/t

UK, Australian firms in race to be legal advisors for Iran pipeline project — No response from Indian firms

Shipping Ministry steers for an India-owned LNG fleet

Time for India to draw FDI into R&D

Antibiotics segment ailing due to high input costs

Staffing cos may soon pip IT firms in job market

More pharma patent litigations in store — Ranbaxy, Dr Reddy's prepare for long battle

India watching PetroKazakh revamp

Panel to examine compulsory licensing of bird flu drug

Mid-size sedans in the fast lane

Bio-diesel card being overplayed a little; cautious monitoring of market needed

H1 exports up 20 pc; trade deficit widens

Domestic companies fuelling growth in insulin segment

Spate of natural calamities turns worrisome — Insurers to scale up CAT cover

D&B index predicts optimistic outlook for Q4

South likely to have more wet spell

H1 gem & jewellery exports up 20.73 pc

Online auction to help discover price for carbon credits

Rlys to plant jatropha for captive use — Minister seeks private participation

5 lakh bales cotton contracted for exports

NTC case: Maharashtra not to appeal, says CM

Crude oil output dips by 7.3% in Sept

High margins trigger increase in soya oil imports

Sports channels have to share telefeed with Prasar Bharati — Cabinet clears uplinking, downlinking policy

Global benchmarks in manufacturing — Indian arms of MNCs show the way

Cabinet gives in-principle nod for IBP-IOC merger

Steel cos likely to sustain growth on robust volumes

Crude, metals to remain firm in Q4

Operating cost of new vehicles goes up with fuel prices: J.D. Power

Most rubber estates may not get carbon credit

Consumer durables sector sees pick-up in sales

Govt chalking out plan for joint overseas bidding by oil PSUs


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