The Hindu Business Line : Sunday, May 12, 2002

Specialty chemicals -- Nothing special about it, for now
THE REACTION is beginning to happen. The last two years, the specialty chemical industry saw a gradual consolidation among the players in the organised sector. There has also been a churning in the unorganised sector, which accounts for the ... More

Specialty chemicals -- MNC equations
Many of the multinationals have had to restructure their Indian operations on the lines of divestures, mergers or acquisitions effected by their parents abroad. More

Specialists' score-card
Recommendation:
Clariant India - Buy
ICI India - Hold
Ciba Specialties - Hold, buy on declines
More

Leaders in Indian and global markets

ECONOMY

Lanka's challenge to leapfrog into an open economy
WITH the ceasefire and the ongoing peace process in Sri Lanka, the morale of the business community is high that soon the economic "clouds will roll by", Mr. Mano Selvanathan, group director of the Carson Cumberbatch Group of Sri Lanka, told ... More

INFRASTRUCTURE

New laws soon to hasten infrastructure reforms
THE legal issues concerning infrastructural development should be sorted out in such a way that they increase investor confidence in the country. This was stated by the Union Minister of Law, Justice and Company Affairs, Mr Arun Jaitley, at the ... More

GSPL invites bids for Paguthan-Vadodara grid
GUJARAT State Petronet Ltd (GSPL) has come out with invitations to potential bidders for the turnkey EPC contract for laying the gas transmission line connecting Paguthan with Vadodara. The 68-km project, likely to cost around Rs 150 crore, is ... More

PETROLEUM

Oil prices -- Install a graded duty system
THERE is many a slip between the cup and the lip. The Finance Minister Mr Yashwant Sinha must be realising the truth in that old adage now. He had appropriated in the form of excise duties most of the benefit flowing from the (then) prevailing ... More

PLASTICS

Focus Africa for plastic exports
THE Union Government is focusing on the Sub-Saharan African countries for Indian plastic exports with its recently launched `Focus Africa' programme. This will follow the pattern set earlier by the `Focus Latin American countries' ... More

POWER

Panel to frame Statewise power plan
THE Expert Committee set up by the Union Power Ministry to review the power reforms programme has been asked to submit its report by June-end. Sources said the committee would devise State-specific reforms programme for five or six select ... More

STEEL

TN Govt support for Salem Steel sale sought
THE Union Minister for Steel, Mr Braja Kishore Tripathy, has sought the support from the ruling AIADMK Government in Tamil Nadu to push through the proposed divestment plan for the public sector Salem Steel Plant (SSP). The divestment of SSP ... More

SSP workers assured of mint work orders
THE Union Steel Minister, Mr Braja Kishore Tripathy, has assured the Salem Steel Plant (SSP) workers of continuous work order for stainless steel coin blanks from Government of India Mints, which will keep the coin blanking unit of the SSP ... More

TAXATION

Taxman sports a new look
Known by chartered accountants and tax advocates as a reporter on direct taxes and corporate laws, Taxman — like any other referencer - has been draping itself all along in unexciting wrappers that usually get ripped off when the binder ... More

TEXTILES

Modified workshed scheme for powerloom weavers
THE All-India Powerloom Board has suggested to the Centre a modified workshed development scheme to improve the working condition of marginal weavers. The scheme which envisages 25 per cent subsidy/grant-in-aid from the Union Government in the ... More

INDUSTRY ASSOCIATIONS

CII defence team to visit US
THE first senior-level defence industrial delegation of the Confederation of Indian Industry (CII) is to visit the US for five days from May 13. The delegation, being led by the Chairman and Managing Director, Kirloskar Oil Engines Ltd, Mr Atul ... More

INTERVIEW

`We still have an edge over China' — Mr Prakash R. Rastogi, MD, Clariant (India)
Operating margins of specialty chemical companies have been under strain for the past few years. In addition, the rapid pace at which domestic customers have matured, has meant that companies innovate constantly. Clariant (India), a ... More

ECONOMIC OFFENCES

Pvt auditor for seamen PF
THE Board of Trustees of Seamen's Provident Fund (SPF) has decided to appoint a private audit firm to undertake internal audit of the fund. The move follows the Rs 100-crore loss suffered by SPF in gilts trading. The board has also decided that ... More

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May. 5-May. 11
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Industrial growth falls to nine-year-low of 2.7 pc

Commissioner of seamen PF to go -- DG Shipping lodges plaint with CBI