The Hindu Business Line : Wednesday, November 09, 2005

On the job
About 50 cyclists of the National Coordination of Democratic Forces (NCDF) are journeying from Kolkata to Delhi to join the national convention on equal job opportunity and livelihood, which will be held on December 13. NCDF is an amalgamation ... More

CLIMATE & WEATHER

Shear zone gets 2nd engine sputtering to life again
THE east-west shear zone just got its other engine sputtering to life with the southeast Arabian Sea warming up to host a cyclonic circulation on Tuesday, threatening to pour it down heavily on the South Tamil Nadu and Kerala coasts for two more ... More

Battering ram
As the sea turned rough due to a depression in the Bay of Bengal, huge waves battered the boulders alongside the beach in Pondicherry on Tuesday.

CHEMICALS

Mega chemical complex to come up in Vizag
The State Government will also promote an exclusive special economic zone for garments in the Port City and allot 1,000 acres of land for it. More

ECONOMY

Capital goods drive import growth — April-Aug numbers reflect brisk economic activity
THE robust merchandise import growth of 39.40 per cent in the first five months of the current fiscal owed itself largely to substantial growth registered by non-oil imports, particularly capital goods as also imports of export-related items, ... More

`Third World cities must position citizen at centre of public policy'
THIRD World cities of the 21st century, increasingly threatened by rapid urbanisation, industrialisation and increasing population, must willy-nilly "position the citizen at the centre of public policy, reinvent the concept of the city and fulfil ... More

`Maharashtra can achieve 12 pc growth rate'
WITH a good economic performance, Maharashtra has the capacity to achieve a growth rate of 12 per cent in the next five years. As some other States will struggle to reach the growth target of 8 per cent, the responsibility of pulling up the ... More

ENVIRONMENT

Validity of E&Y, PwC reports for carbon trading questioned
According to the CSE, four different project design documents prepared by E&Y have "an entire important section copy-pasted". More

FOREIGN TRADE

`India, US must work together' — US waiting for opening up of retail sector
INDIA and the US will have to collaborate and cooperate with each other and avoid mutual suspicions and mistrust in their own interest, according to Mr William S. Cohen, former US Secretary of Defence and Chairman and Chief Executive Officer, ... More

Bengal urges Vietnam to import tea, leather
THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has urged Vietnam to give a closer look to import of tea, leather and fresh fruits from India. Seeking closer business ties with Ho Chi Minh City, in particular, and the Vietnamese ... More

HEALTH

YSR moots reforms in health sector
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has suggested that there should be three wings in the health department to effectively handle different tasks. "There should be three wings in the department. One for looking after primary ... More

INFRASTRUCTURE

`Some States not participating in infrastructure development'
THE Finance Minister, Mr P. Chidambaram, on Tuesday said that infrastructure development in various parts of the country was being hampered as some State Governments were not taking the required steps.Addressing a meeting of the Parliamentary ... More

TDB suspends Ecosmart work on Sabarimala
THE Travancore Devaswom Board (TDB) has suspended, till further orders, the consultancy services of Ecosmart, a subsidiary of IL&FS, for the Sabarimala development project. The TDB President, Mr G. Raman Nair, told newspersons here on Tuesday ... More

PSU

Minister for continuation of KIOCL
MANGALORE: The Karnataka Minister for Irrigation and Transport, Mr M. Mallikarjuna Kharge, has assured all help from the State Government for the continuation of Kudremukh Iron Ore Company Ltd (KIOCL). Unveiling the statue of Dr B.R. ... More

PETROLEUM

Oil marketing cos may get bonds worth Rs 15,400 cr
The Petroleum Ministry has recommended giving oil companies either fixed-rate bonds with interest similar to Government securities, or zero-coupon three-year bonds at a discount. More

TAXATION

AP: Girijan co-op societies exempted from VAT
THE Girijan Co-operative Corporation (GCC) has been exempted from paying value-added tax (VAT) on sale of its products. Announcing this at a press meet here on Tuesday, Mr A. Vidya Sagar, the Vice-Chairman and Managing Director, said the State ... More

SSI

`Handmade match units are becoming sick'
BIG mechanised match manufacturing units and the increasing cost of raw materials are forcing hundreds of handmade match industries to turn sick in Tuticorin and Virudhunagar districts. The labour-intensive industry has been the major provider ... More

Trend Micro's security tools for SMEs
TREND Micro Inc, which offers anti-virus and Internet security content, has launched two security products for small and medium businesses. At a press conference here today, Mr Rajesh Venkat, Director of Marketing (Small & Medium Business), ... More

PERSONAL PRODUCTS

FMCG cos up adspends to cash in on resurgent growth
THE advertising and promotional expenses for most FMCG companies grew ahead of their sales in the July-September quarter — yet another sign of a buoyant outlook for FMCG sales. Hindustan Lever ramped up adspend by 22 per cent ... More

REAL ESTATE & CONSTRUCTION

Park Street taking shape in Pune
TO cater to the burgeoning population in the city, Park Street - the Pune Next, a Rs 500-crore project by the Pune-based Pride Purple is taking shape in Wakad, near the Mumbai-Pune Highway. Pride Purple is a joint venture by Pride Housing and ... More

READYMADE GARMENTS

US-China textile pact may not affect India: Exporters
KNITWEAR exporters in Tirupur feel the US-China agreement on textiles and clothing may, in the short-term, slow India's garment shipments, but it would also ensure that it emerges the alternative sourcing point for US garment importers, thanks ... More

GENDER

Meet on women in Delhi
THE international conference `Women, Work and Health 2005' will be held for the first time in Asia here during November 27-30. The theme for the conference is `Striving for better work life.' Organised by a committee of NGOs, the conference ... More

EXPORTS & IMPORTS

China cancels contracts to import soyameal from India — Industry hopes to renegotiate deal
A MOVE by Chinese buyers to reportedly cancel four contracts of 13,000 tonnes each of soyameal from the country is seen as a temporary problem and the industry is hoping to renegotiate the deal. "Reports of China cancelling contracts are not ... More

Exporters revert to dollar invoices as euro weakens
With US interest rates hardening and international oil prices remaining firm, the dollar is expected to continue to advance against other major currencies and the rupee. As a result, bankers have advised some exporter-customers to shift their outstan ding invoices to dollars. More

Uravu signs pact with Exim Bank for bamboo craft exports
URAVU, a non-profit trust based in Wayanad district, carrying out employment generation programmes in the bamboo sector, has signed a memorandum of cooperation (MoC) with the Export Import Bank of India (Exim Bank) for facilitating export of ... More

TOURISM

State signs pact for Rs 2,000-cr tourism project in Vizag
THE State Government has signed a pact on Tuesday with a tourism infrastructure company to take up the Rs 2,000-crore `Destination Vizag' project along the beach. The project, covering 1,000-2,000 acres, is aimed at setting up world-class ... More

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