Financial Daily from THE HINDU group of publications
Friday, April 28, 2006
Markets (April 27)
BSE Sensex11835.02(-103.51)
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US Dollar (Buy/Sell)45.06


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INDUSTRY & ECONOMY

INFRASTRUCTURE


Infrastructure sector grows 4.9 pc in 2005-06
Infrastructure sector witnessed a 4.9 per cent growth in the financial year 2005-06, down 0.9 per cent compared to 5.8 per cent in the financial year 2004-05. The fall is largely due to negative growth in petroleum (crude) and slump in ... More

Kinfra meet on Greece
Kerala Industrial Infrastructure Development Corporation (Kinfra) is organising a meet on `business opportunities in Greece' here on April 28. Dr Bhaskar Balakrishnan, India's Ambassador to Greece, will participate in the ... More

URBAN DEVELOPMENT


Bangalore Metro gets Cabinet nod
The Union Cabinet today gave its approval for implementation of the Bangalore Metro Rail Project by the Bangalore Metro Rail Corporation Ltd covering a length of 33 km at a cost of Rs 5,453 crore. The project will have a ... More

CLIMATE & WEATHER


Cyclone Mala is strongest after Orissa Cyclone
Tropical Cyclone Mala has become the severest storm in the Bay of Bengal basin after the Orissa Super Cyclone of 1999, but it is churning away too far across to the northeast to be of any consequence to the Indian coast. The National Centre ... More

INVESTMENTS


NRich Software launches FIT
The Chennai-based NRich Software has launched FIT, a software to help investors be aware of the quality and depth of their fixed investment portfolio. The software helps investors to know whether their investments are closed or ... More

ENGINEERING


Pump units in Coimbatore may raise prices
Industry bid to offset spiralling raw material costs More

PETROLEUM


Domestic airfares set to turn costlier
Jet Air to levy fuel surcharge; Kingfisher Air, Air Deccan may follow More

Govt asks OMCs to undertake survey of retail outlets
`Prepare blueprint for those selling less than 200 kl/month' More

Maharashtra sets up nodal agency for gas distribution
The Maharashtra Government has set up a nodal agency for distributing natural gas in the State. Called the Maharashtra Industrial Gas Transmission Company Ltd (MIGTCL), the gas grid would primarily cater to industrial consumers, said Mr ... More

POWER


NHPC to take cue from China
Planning `rehabilitation first' model with proposed Upper Siang station More

STEEL


Pipe units fear curbs on excise waiver
New circular on items for multi-storage water supply projects More

Rising zinc prices hit galvanised steel cos
Domestic majors hedging zinc contracts on LME More

SSI


SFCs losing SME assets to banks
Cost of funds is higher More

Meet stresses need for SME ratings
The Federation of Indian Export Organisations and the Kerala Chamber of Commerce and Industry in association with SME Ratings Agency of India Ltd (SMERA) organised a seminar on `Empowering SMEs through Ratings' here on Thursday. Speakers at ... More

SAFA draws up a/c standards for SMEs
A common framework of accounting standards for small and medium enterprises (SMEs) in the SAARC (South Asian Association for Regional Cooperation) region is likely to be evolved over the next few months. A draft of the proposed framework was ... More

COAL


CCEA okays 15 mt more coal capacity
The Cabinet Committee on Economic Affairs (CCEA) today approved floating of tenders for outsourcing additional coal production in Dipka opencast project by five million tonnes annually and in Gevra opencast project by 10 ... More

EDUCATION


`Infotech vital to solve societal problems'
Use information technology (IT) to solve the country's societal problems. IT is critical to overcome deficiency in various sectors, including education, Mr Ravi Venkatesan, Chairman, Microsoft India, told students of Great Lakes Institute of ... More

Not for just a few $ more
`Shift companies for the right reasons' More

INDUSTRY ASSOCIATIONS


TN Chamber urges Govt to drop proposal on courier service
The Sattur Chamber of Commerce and Industry has urged that the proposal of the Postal Department to curb the service of courier services "be dropped". In a letter to Prime Minister, Dr Manmohan Singh, the chamber's General Secretary, Mr ... More

KNITWEAR & HOSIERY


India Knit Fair ropes in German firm for marketing
The German co is expected to bring 50 new buyers from EU More

GENDER


Will she, won't she?
Selling to women calls for marketing skills with a difference... More

FOREIGN DIRECT INVESTMENT


Doha: Oxfam warns of raw deal to poor
`Aid-for-trade' offers are largely made up of recycled pledges More

IPR


`India, US to build strong IPR regime'
Mr Robert O Blake, Charge` d`Affaires, US Embassy, has said that the Indian industry, especially the pharmaceuticals and IT sectors, is committed to strengthening the intellectual property regime. At an IPR (intellectual property rights) ... More

TRADE & LABOUR UNIONS


Unions to seek CSR rating of cos
Representatives from Pakistan, Sri Lanka, Bangladesh and Nepal along with delegates from India attended the meeting. More

EVENTS


ICAI organises tax conference
The Institute of Chartered Accountants of India (ICAI) under the aegis of Fiscal Laws Committee is organising a National Tax Conference at the SNR College auditorium here on April 29. Among other issues, this conference, ... More

`N-E region needs capacity building'
At a trade fair in Thailand showcasing handloom and handicraft products from North East India, one of the exhibitors bagged an order for 30,000 metres of moga silk. But the cottage industry unit could not meet the demand, as its capacities were ... More

EXPORTS & IMPORTS


COMMODITY COMMENTARY
Importing high oil content seeds will make commercial sense
Currently, soyabean imports are subject to compliance with phyto-sanitary conditions and customs duty. The US is seeking to modify this. More

New import policy to hit metal scrap
The new measures announced by the Government recently would impact the import of metallic waste and scrap. As per the new import policy 2006-07, imports of non-ferrous metal scrap would be allowed only from overseas suppliers who are registered ... More

OUTLOOK


NCAER sees GDP growth slowing to 7.7%
Says exports may stay buoyant, while imports may decline More

ECONOMIC OFFENCES


SEBI bars Karvy, 23 other entities
Alleged involvement in IPO allotment scam More
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Top Stories
Infrastructure sector grows 4.9 pc in 2005-06


Teradata opens centre for global consulting

`New import norms not for non-GM soya oil'

SFCs losing SME assets to banks

Cyclone Mala is strongest after Orissa Cyclone

NHPC to take cue from China

India Knit Fair ropes in German firm for marketing

Importing high oil content seeds will make commercial sense

IOB net up 30 pc in Q4

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk
More

Looking back
Apr. 16-Apr. 22
Rising footfalls in malls trigger demand for temporary staff

Wind energy: India ranks fourth in the world, leads in Asia

Bank credit up 3.7 pc in last fortnight of 2005-06

Textile exports up 26 pc in first year of post-quota regime

Techies, watch your waistline

Cashew exports slip 7% in 2005-06

Farmers hold back wheat as buyers queue up

Sops removed for EOUs, SEZs under job scheme

`Govt to accord priority to biotech sector'

Paper products price revision on the cards

Auto components cruise on top gear this fiscal

ICICI Pru launches cancer care product

Inflation kept under check: RBI

Kerala HC quashes poll panel fiat on Smart City

Scale up nuclear capacity to 50,000 MW by 2030: Kalam

`Biscuit industry reels under high input costs'

Rubber output may top 8.30 lakh t this fiscal

Pvt sector job reservation won't affect FDI inflows

Pak team indicates doubling of Indian tea imports

Ultra mega power projects may hit regulatory hurdle

DGFT sorts out licensing issue on second-hand capital goods imports

Shipping cos to invest more in offshore sector

CII to create 100 new billion-dollar cos

Insurers get ready for deregulation of tariffs

Exclusive national weather portal launched

PM to inaugurate Hannover fair



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