Financial Daily from THE HINDU group of publications
Friday, October 28, 2005
Markets (October 27)
BL 2502223.22 (-37.91)
BSE Sensex7798.49(-176.20)
S&P CNX Nifty2352.90 (-55.60)
US Dollar (Buy/Sell)45.07/45.09
Gold Std (10 gm)6965 (+20)


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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Storm may survive landfall to last a while
WEDNESDAY'S depression over southwest Bay of Bengal has enough steam left with it to last four-five days even after making landfall. It will have slowed down significantly on its tracks by then but not before driving up enough rain to drench ... More

Incessant rains throw Chennai out of gear
INCESSANT and heavy rains - about 40 cm in 36 hours up to 5.30 p.m. on Thursday - threw life out of gear in Chennai and its suburbs. A deep depression, which lay 150 km east of Chennai, caused the rainfall, forcing schools, colleges and ... More

NRIS


Pravasi Divas in Hyderabad from January 7
THE fourth Pravasi Bharatiya Divas (PBD) would be held in Hyderabad from January 7-9 next year. The annual conference is being organised by the Union Ministry of Overseas Indian Affairs in partnership with Andhra Pradesh Government and the ... More

AWARDS & HONOURS


National hydrology award
HYDERABAD: Dr Vijay Shankar Singh, Scientist, National Geophysical Research Institute, has been selected for the National Hydrology Award of the Union Ministry of Water Resources, for his contributions in hydrology. Dr Singh is ... More

ECONOMY


Exit agriculture, enter services
With limited opportunities in agriculture, the country must focus on areas where demand is not limited — the services sector appears to be the best bet. More

Core sectors growth dips to 1.8% in Sept
THE six core infrastructure sectors registered a 1.8 per cent year-on-year growth in output in September 2005, falling from the 5.7 per cent growth registered in August, largely on account of a dip in crude production and lower electricity ... More

PM calls for doubling farm growth rate
FORECASTING an economic growth of over 7 per cent this fiscal, the Prime Minister, Dr Manmohan Singh, on Thursday emphasised the need to aim for an agricultural growth rate of over 4 per cent per annum on a sustained basis, to accelerate the ... More

FOREIGN TRADE


Bavaria woos Indian IT cos
POSITIONING itself as an ideal gateway to Europe, the German State of Bavaria on Thursday invited Indian IT firms to set up shop to tap the market in that region. Speaking at a seminar on `Europe via Munich: Market opportunities for Indian IT ... More

Mauritius woos ICT companies
THE Mauritius Government has invited entrepreneurs from the information technology and communication (ICT) sector to locate their centres assuring all necessary support. The Mauritius Prime Minister, Mr Navinchandra Ramgoolam, on a two-day ... More

HEALTH


24-hour help-line for breast cancer formed
OCTOBER is breast cancer awareness month but for the thousands of women who have fallen victim to the dreaded C word, this year will bring in more than just the token pink ribbon fashion shows. A group of oncologists in Pune, under the aegis of ... More

POWER


CERC caps per unit tariff at Rs 2.20 for Nagarjuna Power's Udupi project
The CERC order, however, allowed for flexibility to improve on the capital costs. In such a situation, these costs would then be taken as completion costs for tariff purposes. More

SSI


Diwali crackers - `more light less sound' this time
DIWALI this year could see more light than sound as manufacturers have churned out more of what they call fancy fireworks and aerial shots. The trend has emerged over the last two-three years as people have increasingly moved away from noisy ... More

REAL ESTATE & CONSTRUCTION


Welcome to real estate biz!
Mr Mike Middleton, (right) Chief Financial Officer, Bata International Group, along with Mr Hemant Sahai (middle), Chairman, and Mr Sumit Dabriwalla (2nd from left), Managing Director of Riverbank Holdings Pvt Ltd, in front of the Writers ... More

PRECIOUS METALS


Gold may consolidate, rise
SPOT gold prices rebounded higher due to a weaker dollar, heightened geo-political uncertainties and firmer oil prices. Gold also got a boost from oil prices, which rose briefly on expectations of colder than expected winter season. Spot gold ... More

DISINVESTMENT


Left reiterates opposition to FDI in retail — Divesting `small portions' of non-navaratna PSUs discussed
Left parties have said, "Allowing FDI in retail trade would have negative impact on the already grim domestic employment scenario." More

RURAL DEVELOPMENT


Dreaming on...
These SHGs are yet to get loans and training for income-generating ventures. What they know best - papad or pickle making - can't be done, "because in the local market nobody will buy foodstuff made by Dalit women". More

Challenging the panchayat
She forced the holding of a special gram sabha to tackle women's problems, such as wading through knee-deep water to access the village well. More

EVENTS


WNS Global to tap Nashik's BPO strength
Mr Bhargava said that itwas essential to develop at least six to seven smaller centres in and around Maharashtra. More

IIM-K seminar tomorrow
KOCHI: The Indian Institute of Management, Kozhikode, is organising Opus '05, the annual Operations Management seminar on Saturday, which will focus on key contemporary trends in manufacturing intelligence, project management, supply chain ... More

70 biz schools to take part in VISTA 2005
VISTA, IIMB's annual management fest, is expected to have over 8,000 footfalls this year. Starting on October 28, this three-day event will have participation from 70 business schools from across the country. Announcing the event here, Dr ... More

ENTREPRENEURSHIP


Women entrepreneurs' camp at Hyderabad
HYDERABAD: The Confederation of Women Entrepreneurs is organising a four-week EDP Training Programme on Food Entrepreneur Assistance Programme, in association with the State Bank of India for the first generation women ... More

INCOME TAX


Filing returns: Salaried class may be spared
THE Finance Minister, Mr P. Chidambaram, today hinted that the salaried class might not be required to file income-tax returns if there is no income from any other source. "The proposal is under consideration. It will depend upon when the Tax ... More

EXPORTS & IMPORTS


Rs 7/kg subsidy for pepper export
THE Government has announced a scheme for grant of WTO-compatible subsidy on exports of pepper from the country at the rate of Rs 5 a kg (or the actual cost incurred, whichever is less) for international freight and Rs 2 a kg for internal ... More

NATURAL CALAMITIES


Indian Airlines initiative
BANGALORE: In its bid to help the people afflicted by the recent earthquake, Indian Airlines carried relief material from different stations in the country to Srinagar free of cost. The national carrier will carry additional quantity of ... More

TOURISM


Luxury boat launched in Vembanad lake
KOTTAYAM: To cater to the increasing number of the tourists visiting Kumarakom and near-by tourism spots, Lakeview House Boats has launched a houseboat named `Palazhi' with three-star facilities. Ms Rani George, Collector of Kottayam, ... More



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Top Stories
Storm may survive landfall to last a while


Palm oil market abuzz with duty cut talk

Rupee: Will it defy global dollar upswing?

Core sectors growth dips to 1.8% in Sept

Filing returns: Salaried class may be spared

SAIL Q2 net down 26 pc at Rs 1,127 cr

In Focus

Indian Aviation: Sky is the limit
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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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