Financial Daily from THE HINDU group of publications
Thursday, March 06, 2003
Markets (March 5)
BL 2501093.10 (-5.77)
BSE Sensex3226.10 (-18.70)
S&P CNX Nifty1040.70 (-5.90)
Dollar (Buy/Sell)47.60/47.73
Gold Std (10 gm)5610 (+40)

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INDUSTRY & ECONOMY

INVESTMENTS


Nabard to raise Rs 200 crore via tax-free bonds
THE National Bank for Agriculture and Rural Development (Nabard) will raise over Rs 200 crore through private placement basis by issuance of tax-free bonds and tax-free priority sector bonds. The issue worth Rs 200 crore with the right to ... More

BUDGET


Jaswant takes time for lifetime concerns
JASWANT'S maiden Budget is one of "an India that is on the move", proclaims the first page of the `highlights'. A bold start, one should say, shaking off years of drab openings. It addresses what are called `lifetime concerns of citizens', which ... More

NRIs in Emirates upbeat on Budget
NON-RESIDENT Indians in the UAE are generally upbeat about the positive outcome of the Indian Budget, despite the fact that the Budget has not come up with any special sops for the NRIs. NRIs here told Business Line that among the major ... More

CEMENT


VAT guidelines likely to push up cement prices
WHILE cement manufacturers have effected a price increase of Rs 3-5 per bag (wholesale) following excise increase of Rs 50 per tonne announced in the Budget, a further increase of Rs 4-5 per bag is likely after April, once the value-added tax ... More

ECONOMY


To city with hope
With parts of Andhra Pradesh facing a severe drought, migrants from villages are moving to cities. A group of poor villagers walking through the streets of Hyderabad in search of work and ... More

ENVIRONMENT


Scientists divided over seabed mining for sand — Call for detailed study before issuing permits
The scientists called for well-thought-out national and State-level policies as the environmental consequences of sea sand mining have not been adequately assessed in the country. More

  • Karnataka: Rs 76-cr garbage disposal project
  • Drive against misuse of plastic

    PETROLEUM


    Reliance gas find flares Dabhol lenders
    RELIANCE Industries Ltd's (RIL) gas find in the Krishna-Godavari Basin has created a host of new problems for lenders to the Enron-promoted Dabhol Power Company. According to sources here, the bidders for DPC had lost interest in the ... More

    PHARMACEUTICALS


    The wealth in health
    Health is wealth. Ad agencies find the pharmaceutical sector a healthy replacement for traditional advertisers who are pruning advertising expenditure. More

    POWER


  • Calcutta HC begins hearing on power tariff case
  • Shortfall in power supply in AP

    STEEL


    Inventory build-up report `overboard' — Steel cos unfazed on sector's outlook
    DESPITE concerns raised by a large foreign brokerage firm about steel inventory build-up in key Asian markets, steel manufacturers here felt the concerns were unwarranted. In a report dated March 3, Goldman Sachs said, "We believe Asian supply ... More

    Steel cos plea for new method of depreciation rejected
    THE Department of Company Affairs (DCA) has struck down the request of steel companies suggesting alternative methods for providing for depreciation. The DCA has said that the steel companies may depreciate the assets on the basis of straight ... More

    WATER


    Interlinking of rivers — Prabhu allays fears of displacement
    THE Chairman of the Task Force on Interlinking of Rivers, Mr Suresh Prabhu, today highlighted the multiple forward and backward linkages that will emanate because of the mega project. Apart from addressing the problem of water scarcity, this ... More

    France keen to share water tech
    FRANCE has agreed to share with India parts of its technology in water, waste and environment management, and has called for greater collaboration through new joint projects in these areas. It has created three joint research cells in water ... More

    EDUCATION


    German President woos students
    GEEKS and nerds have become common terms, but do you know who or what a `computerinder' is? This strange-sounding, but respectful, word best describes Indian computer experts in German whom Germany seeks to recruit to play a part in its ... More

    MoU for Indo-German institute
    AN Indo German Institute of Advanced Technology (IGIAT) would be established at Visakhapatnam under the auspices of the German Agency for Technical Co-operation (GTZ) to foster the industry of Andhra Pradesh in advanced technologies. A ... More

    GEMS & JEWELLERY


    Gold duty cut may boost jewellers
    REDUCTION in customs duty on gold will enhance India's role in the global jewellery industry, according to the World Gold Council (WGC). In his Budget proposal, the Finance Minister cut customs duty from Rs 250 per 10 gm to Rs 100 per 10 gm. ... More

    REAL ESTATE & CONSTRUCTION


  • LI signed for mall in Pune

    DISINVESTMENT


  • New Disinvestment Secretary

    EVENTS


  • Meet to discuss BMP performance

    TOURISM


    An elegant promenade for Kochiites
    TO enjoy the sunset and have a pleasant stroll, a new sunset point has been unveiled on the Marine Drive here, facing the Ernakulam backwaters and the Arabian Sea. The Royal Musical Walkway, located between the Marine Drive and the Cheenavala ... More
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    As cricket wins, other channels go for a toss

    Smokescreen for tobacco cos?

    G-secs' dip baffles debt market

    `Quality of service below norms' — TRAI puts laggard operators on notice

    Inventory build-up report `overboard' — Steel cos unfazed on sector's outlook

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Feb. 23-Mar. 1
    Anti-dumping duty on China-made metal torches

    Study on diabetes unearths bitter truths

    Traditional items, engg goods dominate export basket — Account for 18% growth in April-Nov

    Ministry may grant Rs 30 cr for leather park in Bengal

    Chambers' reaction mixed

    Budget breathes new life into pharmaceuticals sector

    Jaswant leaves more money in salaried pocket

    Dividend tax, capital gains tax to go — Capital markets get a lift

    Price cuts drive auto into top gear

    CST cut to hurt States by Rs 5,000 cr

    Style & substance true to form

    Want better roads? Pay 50 paise more for diesel, petrol


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