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| SEZs will be set
in HP: CM DHARAMSHALA, Jan 7:The Himachal Pradesh Government will develop Special Economic Zones (SEZs) at three or four places where export-oriented industrial units come up in the state, Chief Minister Virbhadra Singh said........more Share values maintain their upward march CHENNAI, Jan 7: Share values maintained their upward march and extended its gains on persistent buying support during the week under review on the Madras stock exchange.......more Shrapnel punched holes in AI jetliner SILICON VALLEY, US, Jan 7:An Air India jetliner that made emergency landing at the Los Angeles International Airport after a tyre burst during takeoff last month, had several holes punched into its fuselage by shrapnel from its blown landing gear, according to a ...more AP Govt threatens to cancel Mahyco's licence HYDERABAD, Jan 7:The Andhra Pradesh Government today warned it would cancel seed firm Mahyco's licence if it fails to compensate farmers, who suffered ......more |
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Gur remains
quiet at jaggery market NEW DELHI, Jan 7:Steady conditions developed on the wholesale gur (jaggery) market here today with prices by and large after moving in a tight range on small doings and finished around previous closing.........more Sugar prices up on better offtake, poor arrivals NEW DELHI, Jan 7: Prices climbed up on the wholesale sugar market today following frantic buying by millers and retailers coupled with restricted supply and registered further gains........more Prices remain flat in thin trade NEW DELHI, Jan 7:Quiet conditions prevailed in the wholesale chemical market today as prices moved in a tight range in limited deals and settled around overnight levels.............more UTI Mutual Fund to launch Leadership Equity Fund on Jan 9 BANGALORE, Jan 7:A new equity oriented scheme UTI Leadership Equity Fund will open on January nine targetting investment in corporate leaders and potential leaders...more |
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DHARAMSHALA, Jan 7:The Himachal Pradesh Government will develop Special Economic Zones (SEZs) at three or four places where export-oriented industrial units come up in the state, Chief Minister Virbhadra Singh said. The Centre and Union Industries Ministry has agreed in principle for the setting up of the SEZs, he said, while addressing a gathering at Hatwas (Nagrota-Bagwan) in Kangra district, here yesterday. Mr Singh said suitable locations were being identified in the state for developing them as SEZs, he said, adding that it would boost industrial revolution, besides providing employment opportunities to the unemployed youth. The chief minister said his government would promote cottage industry and help in the sale of local products to strengthen the economic condition of the rural people and their economy. He expressed satisfaction over the fact that there were no zamindars in the state after the implementation of the land reforms, saying almost every family had a piece of land for cultivation and house to live in. Mr Singh said all the census villages had been electrified way back in 1987-88 and safe drinking water was being provided to them. He said efforts were on to remodel the existing water supply schemes in the state to ensure adequate drinking water supply to them. Earlier, he laid the foundation-stone of the Hatwas Water Supply Scheme that would be completed in two phases at an estimated cost of Rs. 62 lakh and fulfill the water needs of over 6,000 people of 11 villages of the area. (UNI)
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Share values maintain their upward march CHENNAI, Jan 7: Share values maintained their upward march and extended its gains on persistent buying support during the week under review on the Madras stock exchange. After a better start, equities turned weak on emergence of selling pressure coupled with profit taking to settle with moderate losses on Monday. Equities recovered and rallied smartly on good buying support to end with impressive gains the next day and firmed up further on persistent buying support by midweek. But, they dipped moderately due to selling pressure and profit taking on Thursday. However, select scrips improved on buying support while some others like Reliance and Hind Lever met with resistance and finished lower on Friday and settled the week with impressive gains. A few counters went down to finish with modest losses. Reflecting the trend, the MSE index, which went down marginally to close at 5095.97 on Monday, recovered and rallied further to touch 5147.57 by midweek. But on selling, it dipped moderately to 5141.57 on Thursday, before recovering again on the last day and settled at 5146.17 against the previous weekend close of 5097.27, registering a rise of 48.90 points. Reliance, after touching an intra-week high of Rs 929, receded to settle at Rs 918 against the previous weekend rate of Rs 888.50. Apollo Hospital moved up to Rs 515.25 from the last week's close of Rs 462. EID firmed up by Rs 16.05 to Rs 222.60. BPCL rallied to Rs 450 from Rs 432.25. Bimetal (Rs 283.10), ITC (Rs 144.90), Colgate (Rs 278.05), Dabur ind (Rs 214.50) Castrol (Rs 269.55), Tisco (Rs 383) and Tata power (Rs 448.50) all posted moderate gains. Ashok Leyland edged up to finish at Rs 31.90. Among software counters, Satyam computers moved in a range between a low of Rs 731.25 and a high of Rs 765, before concluding the week at Rs 762.95 over the previous weekend close of Rs 741. Wipro spurted to Rs 473 from the previous week's close of Rs 456. Zee Tele gained Rs 4.55 at Rs 162. NIIT rose by Rs 13.55 to Rs 303.45. Mascon Global (Rs 13.70) and Polaris (Rs 133) finished better. However, Amrutanjan dropped by Rs seven to Rs 190. Hind lever edged down to Rs 193. Telco was transacted at Rs 645. (PTI) |
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Shrapnel punched holes in AI jetliner SILICON VALLEY, US, Jan 7:An Air India jetliner that made emergency landing at the Los Angeles International Airport after a tyre burst during takeoff last month, had several holes punched into its fuselage by shrapnel from its blown landing gear, according to a preliminary investigation. The flight carrying 273 passengers and crew members had landed safely on Decemeber 19 and none of those on board was hurt. Federal investigators examining the plane found several holes and punctures in its lower fuselage, apparently caused by pieces of the landing gear as it flew apart, the 'Daily Breeze' reported. Two of the holes were about two feet around, according to the preliminary report by the National Transportation Safety Board. The broken pieces of the landing gear that pierced the fuselage "did not enter into the cargo hold or the passenger structure," air safety investigator Kristi Dunks said. Investigators also found that a line to the plane's hydraulic system had been damaged. But the pilot did not report any problem with the flight controls, Dunks said. An airport worker stationed near the runway reported hearing two loud booms as the Air India 747-400 jet took off. The worker later found sections of rubber and metal wheel rims littering the runway, the Daily Breeze said. The jet circled offshore and dumped fuel, then returned to the airport. Its emergency landing was shown live on television, sparks erupting from its maimed right landing gear as it touched down. With more than 150 firefighters and paramedics at the runway when the plane landed, the incident caused high anxiety at the airport. The preliminary report does not offer a reason for the four tyres on the landing gear to blow. It notes that three pieces of the wheel rims were found inside the fuselage, and that shrapnel from the rims penetrated the plane "in multiple locations." It describes the damage to the plane as substantial. The passengers were transferred the next day to another plane, but it had engine problems and never left the ground. They resumed their trips to Frankfurt, Germany, on the following day, on their third attempt. (PTI) |
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AP Govt threatens to cancel Mahyco's licence HYDERABAD, Jan 7:The Andhra Pradesh Government today warned it would cancel seed firm Mahyco's licence if it fails to compensate farmers, who suffered huge losses on account of receiving inferior quality Bt cotton seeds from the company. "The compensation case is pending in the High Court. We will fight the case on behalf of farmers. If they do not pay the compensation amount before this cotton season, we will not hesitate to cancel their license," state Agriculture Minister N Raghuveera Reddy told reporters here. "We have already blacklisted the company for selling (inferior quality) Bt cotton seeds," he said. The minister said that reports about failure of Bt cotton crops had emerged last Kharif season, mostly in Warangal district, where Bt cotton seeds were sown in over 25,000 acres. "Once we received complaints from farmers, about 20 scientific teams were sent to investigate the issue. They concluded that the particular seed supplied by Mahyco was inferior in quality," he said. Following this, the state's Agricultural Commissioner awarded compensation to farmers, which as per the agreement between state government and the company, was to have been disbursed by Mahyco Seed Ltd. Despite several notices to the company, it failed to pay up, he said. Mahyco is one of the four companies selling genetically modified Bt cotton seed in Andhra Pradesh. (PTI) |
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Gur remains quiet at jaggery market NEW DELHI, Jan 7:Steady conditions developed on the wholesale gur (jaggery) market here today with prices by and large after moving in a tight range on small doings and finished around previous closing. Marketmen said arrivals and offtake almost remained at a low ebb which kept prices generally flat. Following were today's quotations: Chakku 1450-1500, Pedi 1525-1550 and Dhayya 1500-1525 Shakkar 1650-1700 and Khandsari 1800-1850. In Muzzafar Nagar: Raskat 1125-1200, chakku 1325-1400 and Khurpa 1275-1290. In Murad Nagar: Pedi 1350-1375 and Dhayya 1325-1375. (PTI) |
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Sugar prices up on better offtake, poor arrivals NEW DELHI, Jan 7: Prices climbed up on the wholesale sugar market today following frantic buying by millers and retailers coupled with restricted supply and registered further gains. Marketmen said hectic buying activity ahead of festive season and increased enquiries from millers, led to persistent rise in prices. Higher upcountry advices also had a positive impact on the trading sentiments to some extent, they said. At wholesale market, sugar ready medium and second grade prices firmed to close at Rs.1925-1975 and Rs.1715-1965 a quintal respectively. Mill delivery medium and second grade prices too finished higher at Rs.1725-1850 and Rs.1715-1840 a quintal respectively. In the millgate section, Modi Nagar, Baghpat, Daurala and Chandpur were quoted up at Rs 1825, Rs 1790, Rs 1820 and Rs 1750 a quintal respectively. Mawana, Badaiu, Sattha, Bijnor and Amroha also remained firm at Rs 1840, Rs 1790, Rs.1790, Rs.1755 and Rs.1795 a quintal respectively. Dutypaid Samali quoted higher at Rs 1910 instead of Rs 1900 a quintal on increased offtake. The following were today's quotations: Sugar ready M-30 1925-1975 and S-30 1915-1965. Mill delivery M-30 1725-1850 and S-30 1715-1840. Sugar mill gate prices (excluded duty): Modi Nagar 1825, Bagpat 1790, Daurala 1820, Chandpur 1750, Titabi 1820, Mawana 1840, Simbhawali 1815, Khatauli 1815, Badaiu 1790, Sattha 1790, Ruderavilash 1795 Bijnor 1755 and Amroha 1795 and Duty paid Samali Rs 1910. (PTI) |
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Prices remain flat in thin trade NEW DELHI, Jan 7:Quiet conditions prevailed in the wholesale chemical market today as prices moved in a tight range in limited deals and settled around overnight levels. Traders said negligible enquiries from consuming industries against adequate stocks mainly kept prices steady. Following were today's quotations: Ammonia bicarb (25 kg) 240-250, Ammonium chloride (50 kg) 450-1000, acetic acid (1kg) 42, boric acid-technical (50 kg) 2750-2,950, borex granular (50 kg) 1400-1450. Caustic soda flake (50 kg) 975, citric acid (50 kg) (China) 2,200-2,500 citric acid deshi (50 kg) 2,400-2900, camphor slab (1 kg) 148-150, camphor powder (1kg) 134-135, glycerine (1 kg) 57-59, hexamine (1 kg) 50, hydrogen peroxide (1 kg) 31-32, mercury (34.5kg) 47,000, menthol bold crystal (per kg) 845, menthol flake (1 kg) 805 and Mentha oil (1 kg) 705. Paraffin wax (50 kg)Iran 2150-2250 paraffin wax (50 kg)China 2500-2550 paraffin wax (50 kg) indian 2750 press wax (p tonne) 14,000 residue wax (p tonne) 22,000 soda ash (50 kg) (tata) 680 soda ash (50 kg) (dcw) 670 soda ash (50 kg) (gujarat) 670 soda ash (50 kg) (birla) 670 Sodium Nitrite (50 kg) 1500-1550 Sodium silicate (Qtl) 800-900 stable bleaching powder (shriram) (25 kg) 350 stable bleaching powder (chambal) 330 stable bleaching powder (modi) 320 tartaric acid france (1 kg) 382 thymol (1 kg) 650 titanium dioxide (ttk) (1 kg) 84 titanium dioxide (k-brand) (1 kg) 85 titanium dioxide (china) (1 kg) 74 titanium dioxide (TR-92) 127 titanium dioxide (rc-822) (1 kg) 127 oxalic acid (pcpl-red) 50 kg 2100 oxalic acid (pcpl-blue)50 kg 1675 Zinc oxide (kg) 71-80(PTI) UTI Mutual Fund to launch Leadership Equity Fund on Jan 9 BANGALORE, Jan 7:A new equity oriented scheme UTI Leadership Equity Fund will open on January nine targetting investment in corporate leaders and potential leaders. UTI Mutual Fund which had garnered about 25,228 crore as on December 31 last year through 55 domestic and five off shore funds has offered the open equity oriented scheme after extensive research and sought to generate capital appreciation and or distrbute dividend by investing the funds of the scheme in stocks that are leaders in their respectiuve industries or sectors. UTI Asset Management Company Executive Director D S R Murthy told newsmen here today that 65 to 100 per cent of the fund generated would be invested in equity and equity related instruments of leaders and potential leaders to the extent of 0 to 35 per cent. The scheme may also invest in debt and money market instruments. Mr Murthy said ''leaders'' tend to be companies with higher market shares, better operating efficiencies, better access to capital and significant competitive advantages. The Fund would close on January 30, 2006. The scheme would reopen for continuous purchase and redemption from February 28 onwards, he added. With a face value of Rs ten the minimum initial investment would be Rs 5,000. The scheme would come with two options--growth option and dividend option with payout and reinvestment facility. Fund Manager Swati Kulkarni said studies showed that leaders gave good returns in an economic up swing and were also able to withstand economic downswings better when compared to other companies. (UNI) NEW DELHI, Jan 7: There was not much activity in the wholesale plastic market today as most of polymer prices moved in a tight range on lack of buying interest from plastic molding units and settled around previous levels. Traders said absence of demand from plastic molding units against adequate stocks position mainly kept polymer prices unchanged. Following were today's quotations per kilo: LD No 40 70, LD No 400 - 73, LDP blowing 65.50 colour 67.50 HD molding (deshi) 64, HD molding (colour) 69.00, PP No 100 70,PP Colour 80, ABS (Indian) 89, acrylic 120-130, colour 139-144, crystal (Indian) 69, colour 78, poly carbonate 195-205, Nylon No-6 168, Nylon No 66 - 177, PVC resin deshi 50.00, PVC pest grade 64, imported not available. (PTI) Company Law Affairs Ministry to start e-governance LUDHIANA, Jan 7:As part of efforts to embrace paperless administration, the Company Law Affairs Ministry will soon electronically interlink all 20 Registrar of Companies and four Regional Directors offices with itself, enabling firms to submit documents with these departments through E-mode. "With the implementation of e-governance in the ministry by this mid-year, the companies would be able to submit their documents and pay fees online. It would turn out to be major relief for them as they would no longer be required to visit ROC and regional director offices for compliance," Minister of State for Company Law Affairs Prem Chand Gupta told reporters here today. Initially, the e-governance would be introduced in Coimbatore by next month end and thereafter be launched in Delhi on a pilot basis, he said. The ministry has given the job of developing e-governance to Tata Consultancy, he said. Besides, the ministry will also table the new amended Company Law Bill for passage in the coming budget session. "At present, the Company Law has 786 provisions but in the new amended Company Bill, we have halved the number of provisions" he said. Talking about the fraud committed by fly-by-night companies during the past several years, Gupta said: "The ministry (has) found 229 vanishing companies, which have defrauded investors to the tune of Rs 1,000 crore." Moreover, the ministry has also initiated prosecution proceedings against the promoters and directors of 125 companies. (PTI) |
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