The Hindu Business Line : Friday, January 13, 2006

Chill in isolated pockets as fresh westerly system inches close
COLD wave conditions prevailed on Thursday over some parts of the plains of northwest India and in the east as a fresh western disturbance inched close to make a crossover into northwest India expectedly by Sunday. Punjab, west Rajasthan and ... More

ECONOMY

Industrial growth slips to 6.9 pc in November
The mining sector was the worst performer with negative figure of 1.4 per cent in November 2005, as compared to a 3.6 per cent growth in November 2004. More

Record cabinet meetings in 2005
THE Union Cabinet headed by the Prime Minister, Dr Manmohan Singh, has set an unprecedented pace in decision-making at the highest level, the Minister for Parliamentary Affairs, Mr Priyaranjan Dasmunshi, said here today. Mr Dasmunshi told ... More

Rajasthan annual Plan pegged at Rs 8,424 cr
The Chief Minister said that water and power would be given top priority. She said a State-wide movement would be launched to create awareness about scarcity of water and the need for its efficient use. More

ENVIRONMENT

Global Pipe offers tech to modernise sewage systems
A CLUTCH of companies in Europe, US and India have together promoted Global Pipe Engineering & System (India) Ltd to offer technology and products for waste water systems in India. Global Pipe will scout for partners in India to manufacture ... More

INFRASTRUCTURE

Modernisation of airports by AAI will be okay, says Left
THE Left parties today gave their go ahead for the modernisation plan of the Delhi and Mumbai airports if it is carried out by the public sector Airports Authority of India. At the ninth meeting of the coordination committee that went on for more ... More

e-GoM seeks clarifications from Sreedharan panel
THE empowered Group of Ministers (e-GoM) that met here on Thursday failed to reach a decision on awarding the contract for modernisation of Delhi and Mumbai airports. Briefing newspersons after the meeting, the Minister for Civil Aviation, Mr ... More

PETROLEUM

IOC's Q3 uncovered subsidy at Rs 5,015 cr
INDIAN Oil Corporation has seen its third quarter under recovery for kerosene and LPG touch Rs 3,713 crore. With the company's third quarter under realisation for petrol and diesel touching Rs 1,302 crore, the total uncovered subsidy during the ... More

PHARMACEUTICALS

One year up: FBT chips away at drug companies' profits
There is a lot of administrative work involved to maintain records and there is no clarity on how physician samples will be treated, says the official. More

STEEL

Steel splendour
A 20,000-sq-ft mall in Kolkata where everything comes at a... steel! More

TAXATION

Indirect tax collections up 15.73 pc in April-December
SERVICE tax revenues of the Union Government continues to be robust, with the collections under this head surging by 65.41 per cent to Rs 13,782 crore in the first nine months of the current fiscal as against Rs 8,332 crore collected during ... More

SSI

Kanara small industries body to hold trade fair from Feb 14
THE Kanara Small Industries Association (KSIA), in association with Dakshina Kannada District Administration and District Industries Centre, will organise a national-level industrial trade fair - `Yantra 2006' - in Mangalore from February ... More

EDUCATION

Ministry `no' to IIMB's Singapore campus not to hit revenues
THE Human Resource Development Ministry's bid to spike the Indian Institute of Management, Bangalore (IIMB)'s attempt to set up its first overseas campus is unlikely to impact the institute's revenues. Though the Singapore campus is ready for ... More

All students passing out of IIT Kharagpur's biz school find placement
While 36 per cent of the students joined IT and ITES companies, 27 per cent opted to work in the financial domain. The manufacturing and FMCG companies picked up 13 per cent of the students each, while 11 per cent of the students opted to join consul ting firms. More

CERAMICS

Thrissur tile makers form cluster with Italian technology
THE ailing tile industry in Thrissur district is looking to rejuvenate itself by adopting the cluster approach that has helped revive many a traditional industry in the State. About 20 tile manufacturing units in the district have teamed up to ... More

DISINVESTMENT

8 pc of Maruti fetches Rs 1,567 cr — Average price at Rs 678.24 per share
THE Government has raised nearly Rs 1,567 crore from the divestment of 8 per cent of its stake in the auto major Maruti Udyog Ltd (MUL). Bids from eight banks and financial institutions were accepted by the empowered group of ministers (e-GoM) ... More

CCEA defers decision on NLC disinvestment
THE Cabinet Committee on Economic Affairs (CCEA) is understood to have deferred a decision on a proposal to divest 10 per cent stake in mini-navratna Neyveli Lignite Corporation (NLC). The Government holding in NLC as on December 31 last year ... More

HUMAN RESOURCES

Cuts, kickbacks hit recruitment industry
LOOKS like kickbacks and cuts are not the preserve of politicians alone. Thanks to the great talent crisis in India Inc, a new scam is brewing in the recruitment industry. Malpractices such as recruitment of unsuitable talent, sharing of ... More

EVENTS

Hybrid vehicles steal the show at Auto Expo — Exports may touch $25 billion in next decade: Kamal Nath
BIG-ticket investment announcements and a bevy of foreign vehicles on display remained the highlights of the Eighth Auto Expo, in the absence of any new significant passenger car launches. However, the principle attraction was the showcase of ... More

Volvo may bag another order for 25 buses
VOLVO is understood to be close to bagging a fresh order of 25 more intra-city buses from the Bangalore Metropolitan Transport Corporation (BMTC). Sources in the company told Business Line that the next set of 25 buses will be used to ... More

Magna International sets up office in Mumbai
Mr Rodgers also unveiled a concept car, Magna Innovation Lightweight Auto, MILA, to demonstrate Magna's engineering, design and systems' capability. More

Yamaha to invest Rs 300 cr, proposes 3 new models
JAPANESE motorcycle company Yamaha today said it would invest Rs 300 crore in the next two years in the country on product development and expansion and is planning to launch at least three new models this year. Unveiling the company's display ... More

GM plant for Daewoo range of cars soon
The company is close to finalising the location of the new plant, which will also serve as an export hub for the region More

Maruti Udyog to pump in Rs 2,718 cr by 2008 — Five new models on the anvil
Maruti said its directors approved the investment of Rs 3,270 crore to set up a car factory and an engine plant. More

Audi launches new generation A4 sedan
THE German luxury car manufacturer Audi AG has launched its much-awaited, new generation A4 sedan. It will be offered with two engine options, including the 1.8-litre turbo petrol, and the two-litre turbo diesel (TDI) engines. The A4 joins the ... More

Mahindra unveils Scorpio hybrid, 3-wheeler Alfa
MAHINDRA & Mahindra (M&M) on Thursday unveiled the concept car of Scorpio hybrid and Alfa three-wheeler. The M&M President for the automotive sector, Dr Pawan Goenka, told presspersons that it would take another three to four years for th More

Ford plans new Fiesta version
FRESH after the launch of the Fiesta, Ford India is now planning to offer a special edition version of the premium sedan redesigned by Mumbai-based car designer, Mr Dilip Chabbria. The new Fiesta variant, which has been named in-Xs (pronounced ... More

Bajaj Auto to put out five new two-wheelers this year
BAJAJ Auto, the country's second largest two-wheeler manufacturer, is planning to launch at least three new bikes and two new ungeared scooters this year, including the Pulsar DTS-Fi, which would be the country's first bike to feature electronic ... More

HM unveils new Lancer Cedia model
HINDUSTAN Motors has launched the new Mitsubishi Lancer Cedia, a new version of the Lancer that will replace the current model. The Lancer Cedia is being launched with two variants, including the Cedia Sports, and the car will be priced at ... More

INCAT buys German co CEDIS
INCAT has acquired CEDIS Mechanical Engineering GmbH, a German-based provider of automotive engineering and design services. The move follows INCAT's own acquisition in August 2005 by Tata Technologies Ltd (TTL), the 94.3 per cent subsidiary of ... More

Honda Civic to be launched this year
HONDA Siel Cars India plans to launch the Honda Civic later this year and will price in the Rs 10 lakh-plus segment, a size and price segment where it currently does not have a competing product. The new eighth-generation Civic is likely to be ... More

Hyundai to roll out millionth car in Feb
HYUNDAI Motors India Ltd (HMIL) expects to roll out its milestone `one millionth' car in mid-February, its President, Mr B.V.R. Subbu, said here on Thursday. Stating that the capacity utilisation was 100 per cent during the calendar year 2005, ... More

EXPORTS & IMPORTS

Edible oils import down 12 per cent
EDIBLE oils imports into the country declined by 12 per cent to 5,47,653 tonnes in the first two months of the current season (November 2005- December 2006 from 6,22,381 tonnes during the same period a year ago. Imports of edible oils during ... More

ECONOMIC OFFENCES

SEBI unearths another IPO scam in IDFC
SEBI on Thursday unearthed yet another abuse of IPO norms in the IDFC's initial public offering (IPO) where a few investors opened over 14,000 dematerialised accounts to corner large number of shares of the company. This is the second such ... More

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