The Hindu Business Line : Friday, February 10, 2006

Tata Motors Q3 net up 46 pc — Continued cost reduction, higher sales lift profit
Mr Ravi Kant, Managing Director, said that the price of steel had eased in the spot market but would take time to reflect in the company's long-term contracts. More

NBFCs seek tax sops on par with financial institutions, banks for NPAs
NON-BANKING finance companies have sought tax sops similar to the ones extended to banks and financial institutions against provisioning done for non-performing assets (NPAs). At a pre-Budget meeting with the Finance Minister, Mr P. ... More

New SEZ rules come into effect — Kamal Nath hopeful of Rs 1 lakh crore investments
THE much-awaited Special Economic Zones Act 2005 would come into effect from Friday with the requisite SEZ rules providing for simplification of procedures, single window clearance, easy compliance procedures and documentation and the number of ... More

Railways plans `designer' bogies for high-end tourists — To roll out packages for economy class as well
Services to include value added tour packages, tourist cars, domestic tourist trains and luxury tourist trains. More

Mobile companies get six months more to complete rural rollouts
SOFTENING its stance, the Communications Ministry has decided to give mobile operators six months more to fulfil their rollout obligations as per the Universal Access Services Licence agreement. The Department of Telecom has therefore put on hold ... More

Credit offtake by oil cos high
Besides drawing down of credit lines, some of the oil companies were also resorting to raising funds through the collateralised borrowing and lending obligation markets. Their borrowings are estimated at Rs 30,000 crore due to under-recoveries during the whole of this financial year. More

$3-billion project to manufacture semiconductors — SemIndia zeroes in on Hyderabad
SEMINDIA and the Andhra Pradesh Government on Thursday said a $3-billion (about Rs 13,500 crore) project to manufacture semiconductors that go into computers, mobile phones and other digital devices would come up near the upcoming Hyderabad ... More

R Trade ties up with UTI Bank
R Trade, the financial services brand promoted by the Anil Ambani group, has tied up with UTI Bank which will serve as its main banker. Transactions done through R Trade Securities and R Trade Commodities, respectively the stock and commodity ... More

IT-ITES revenues seen to grow 28% — On track to meet $60-b export target
ANNUAL revenues of the Indian IT-ITES sector are expected to exceed $36 billion this fiscal, up from $28.4 billion in last fiscal, showing a growth of 28 per cent. Of this, software and services is expected to bring revenues of $29.5 billion, ... More

FDI in rubber processing has growers worried — Income loss feared; small units, crumb rubber units feel threatened

Foreign players could disturb the dealers' network

It could eliminate sheet rubber production

Farm-gate price for the commodity could get reduced More

Bottlenecks cleared in Ratna-R production contract
THE production-sharing contract (PSC) involving the Ratna-R series oilfields finally seems to be ready, paving the way for the development of the field, which has been on hold for over a decade. The oilfield is held by a consortium of Essar ... More