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Economy
& Business
P
What
is India News Service, Monday, September 06, 2004, 1600 hrs IST
India, Iran and Pakistan should form a joint working group to discuss plans for an oil-gas pipeline running through the three countries, Pakistan Foreign
Minister Khurshid Mahmud Kasuri said
on Thursday.
In an interview to The Hindu , shortly before leaving for Lahore, Mr Kasuri said he had made this proposal on involving Iran to India. The feedback from the Indian leadership had been positive.
In a defensive mode, he said: "The argument that we are using for our public, which is not accustomed to dealing with India, is that this pipeline is in Pakistan's interest. And, we are saying it's a stand alone project \97 it's not a reversal of our policy \97 we are still interested in Kashmir."
Managerial
autonomy in PSBs illusory?
Public sector banks have all the potential to be world beaters
provided they are given managerial autonomy.
Indiabulls IPO opens:
Indiabulls Financial Services Ltd (Indiabulls), is entering the capital market tomorrow with a 100 per cent book-building public issue of 2,71,87,519 equity shares of Rs 2 each.
Aiyar
makes exception to MRPL: Even as the Union Petroleum Ministry is
critical of ONGC's plans to foray into "unrelated
spheres", it has made an exception in the case of ONGC
subsidiary Mangalore Refineries & Petrochemicals Ltd (MRPL)'s
entry into the transportation fuel retailing business.
Pawan
Hans posts Rs 53 crore profit: Pawan Hans Helicopters Ltd (PHHL)
has posted profit after tax of Rs 53 crore on a turnover of Rs 224
crore during 2003-04, its chairman and managing director Nagar
Sridhar said.
Indigenisation
a must for HAL's Dhruv: The `Druv' is the world's best utility
helicopter in the 5 to 6 tonne class. It is so good that Eurocopter,
the helicopter manufacturer, was very disappointed when not chosen
to market the chopper internationally.
Finmin
to outsource services to speed up tax recovery: In a bid to
hasten the recovery of taxes dues, the Finance Ministry has decided
to outsource some of the jobs like valuation and auction of land,
plant and machinery of tax defaulters to professional agencies.
Biotechnology:
the revolution begins: India's efforts to attain a leadership
position in biotechnology look achievable given the human
biodiversity that exists here.
Rover
arm to source diesel engines :
In a bid to cut costs, British car maker MG
Rover's engine division - Powertrain Ltd - is driving into India for
producing and sourcing 2-litre common rail diesel engines.
Pak
may source PTA from IOC:
IOC is tying the plastic knot with several
Pakistani companies, which could mark the beginning of 1st big-time
direct trade between the 2 neighbors.
Puncom bags RailTel order:
Puncom has bagged and started implementation of the prestigious Rs 33.6 crore RailTel order for providing Broadband Long Haul STM-16 (SDH) Network in collaboration with Alcatel, Italy.
Entertainment
industry to grow 20% per year: Fuelled by growing global
interest in Indian products, the domestic entertainment industry is
likely to grow by 20 per cent per year during the next three years
with revenues from television contributing the biggest to the pie,
according to a CII study.
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Lifestyle altering contours of real estate:
Access to housing loans and lower interest rates are not only seeing a change in the demands of buyers but also forcing real estate developers to abide by new norms in an increasingly competitive environment.
Eicher
to launch heavy truck Cowl: Truck maker Eicher Motors Ltd will
launch its heavy commercial vehicle, Eicher 20.15 Cowl, for the
passenger segment, said company sources.
Luxor to launch Waterman\92s pens: Despite stiff competition from imported Chinese pens, the Indian Luxor brand has a good share in the domestic and international markets.
MTNL also jumps into rate-cut fray:
In a late reaction to the ongoing tariff war in the telecom industry, the state-owned MTNL today announced a whopping 50 per cent cut in the STD rates for both fixed and cellular services and 30 to 60 per cent cut in the local rates for its Trump and Dolphin services from October 2.
Honda\92s Unicorn hits Indian mobike market:
Riding high on its geared and automatic scooters, Honda Motor Cycles and Scooters India Ltd today forayed into the bike market with the launch of Unicorn and said it would pump in Rs 500 crore on the capacity expansion and product development, including an entry-level motor cycle within the next three to five years.
BBC Worldwide may go under hammer:
The BBC has invited Time Warner, Walt Disney and Berteismann to discuss possible bids for BBC Worldwide, the corporation\92s commercial sales and publishing arm.
Satyam logs in at Melbourne:
Melbourne is fast becoming the information technology hub of Australia and the latest entrant is Satyam Computer Services Limited, which has opened its largest global development centre outside India.
Overall:
Sops on the avil
for making power from waste: The government plans to provide financial incentives to encourage state governments and local bodies to set up mini power plants based on urban waste, which has a potential of around 2000 MW.
HAL's Dhruv tops the list:
The `Druv' is the world's best utility helicopter in the 5 to 6
tonne class.
Biotechnology: the revolution begins: India's efforts to
attain a leadership position in biotechnology look achievable given
the human biodiversity that exists here.
Rover arm to source diesel engines:
In a bid to cut costs, British car maker MG Rover
enters India for producing and sourcing 2-litre common rail diesel
engines.
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