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| UAE property giants target India DUBAI, Sept 23: Leading UAE-based firms, especially in the real estate sector, have joined the list of global companies, targetting investments in India .........more Petroleum prices could decline in coming weeks: Murli Deora MUMBAI, Sept 23: Petroleum prices could head downward in the coming few weeks if global crude rates decline further, the government today said.........more Amul launches ‘Vanilla Royale’ to aid Kochi vanilla farmers NEW DELHI, Sept 23: The Rs 3,700 crore Gujarat Co-operative Milk Marketing Federation .........more Millgate sugar recovers on millers buying NEW DELHI, Sept 23: Millgate sugar prices recovered on the wholesale sugar market today on the back of buying by millers and closed with fresh gains... ....more |
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Gur remains steady in quiet trade NEW DELHI, Sept 23: Steady conditions prevailed on the wholesale gur (jaggery) market today as prices continued to trade in a narrow range in scattered deals ...........more Cloves, jeera up on tight stocks NEW DELHI, Sept 23: In thin trading, prices of cloves and jeerak improved in the wholesale kirana market today on restricted arrivals from producing centres in the face of increased demand and closed ..........more Select freight rates remains up on increased cargo arrival NEW DELHI, Sept 23: Freight rates for the nine metric tonne pay load section for select ......more Hyundai to pump Rs 4,191 cr in India by 2008 NEW DELHI, Sept 23: South Korean auto major Hyundai today announced investments of Rs 4,191 crore in India for setting up new car and engine and .............more |
UAE property giants target India DUBAI, Sept 23: Leading UAE-based firms, especially in the real estate sector, have joined the list of global companies, targetting investments in India in hotels, malls, healthcare, housing, IT Parks and integrated townships. A booming economy and the huge middle class segment in India offers a lucrative destination for investors and several leading UAE real estate companies such as Emaar Properties, Al Ghurair Group's ETA Star, Al Rostamani Enterprises' KM Properties, Nakheel, and Dubai Properties have announced major plans in the country. They are investing in hotels, malls, healthcare, housing, IT parks and integrated townships all over the country from Mumbai, Delhi, Chennai, to Hyderabad. Emaar, the largest property developer in the Middle East, has announced a joint venture in India between Emaar and MGF Developments- Emaar MGF Land Private Ltd. In December 2005, Emaar MGF announced India's largest foreign direct investment in real estate, for projects with a capital outlay of USD4 billion. Developments are planned in Delhi, Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra. ETA Star is developing a mall in the heart of Chennai and a one million-square foot tech park in the city's IT corridor, Abid A. Junaid, ETA Star's executive director told the Gulf News. The company has launched a 10-tower residential project in Bangalore, and in Mumbai's Juhu district, it has a joint venture with the Supra Group for developing service apartments, residential buildings and a mall. MORE (PTI) |
Petroleum prices could decline in coming weeks: Murli Deora MUMBAI, Sept 23: Petroleum prices could head downward in the coming few weeks if global crude rates decline further, the government today said. "There could be a drop in prices in coming weeks, but I cannot give a specific time-frame nor can I say to what level it will fall," Petroleum Minister Murli Deora told journalists on the sidelines of a conference here. There were indications that prices internationally could decline and this will be reflected in India as well, he said, adding that if the price of crude declines from the present level of USD 57-58 to around USD 50, "then it would be beneficial to the country." He also said that last year there was a short recovery to the tune of Rs 72,500 crore on account of subsidies on four products--kerosene, LPG, diesel and petrol. Earlier, Deora handed over the Organisation of Pharmaceutical Producers of India (OPPI) awards to the winners at a function here. The OPPI marketing excellence awards were won by Novartis India Limited for its exceptional performance in the marketing of Voveran, while Sanofi-Aventis received the award for its marketing of Myoril. The OPPI scientist award was won by Arvind Kumar Bansal, Associate Professor for the Department of Pharmaceutical Technology (Formulations), National Institute of Pharmaceutical Education and Research (NIPER). The best vendor awards were won by Associated Capsules for its outstanding performance in the category of raw material suppliers and Gujarat Glass Limited for its performance in the category of packaging material suppliers. (PTI) |
Amul launches ‘Vanilla Royale’ to aid Kochi vanilla farmers NEW DELHI, Sept 23: The Rs 3,700 crore Gujarat Co-operative Milk Marketing Federation (GCMMF) which markets the products of 2.9 million milk producers of Gujarat under the brand name Amul, has launched a new flavour of ice creams ‘Vanilla Royale’. GCMMF had taken this initiative to help 1,500 vanilla farmers of Kochi who are engaged in procuring and processing quality natural vanilla as per international standards. These vanilla farmers have joined together to form the Vanilla India Producers Co Ltd, Ernakulam. With this launch, Amul has become the first Indian brand to use natural vanilla in ice-cream. Amul’s Vanilla Royale is available in a 500 ml paper cup priced at Rs 45 across the country. It stays fresh for 12 months from the date of packaging when stored at minus 18 degree Celsius. Earlier during the month, GCMMF took the decision that Amul will be the only brand to be sold by all 13 producer unions in Gujarat from October 1. The 12 district cooperative federations under the GCMMF have so far been selling milk and other dairy products under different brand names-‘Sumul’ in Surat, ‘Sugum’ in Vadodara, ‘Uttam’ in Ahmedabad, ‘Vasundhara’ in Valsad, ‘Gopala’ in Rajkot and ‘Panchamrut’ in Panchmahal.(UNI) |
Millgate sugar recovers on
millers buying NEW DELHI, Sept 23: Millgate sugar prices recovered on the wholesale sugar market today on the back of buying by millers and closed with fresh gains. Marketmen said fresh millers buying mainly pushed up millgate sugar prices. In the millgate section, Baghpat, Daurala, Mawana and Samali were quoted higher at Rs 1,775, Rs 1,810, Rs 1,810 and Rs 1,790 per quintal respectively on fresh millers enquiries. Following were today's quotations in rupees per quintal. Sugar ready M-30 1860-2000 and S-30 1850-1990. Mill delivery M-30 1730-1870 and S-30 1720-1850. Sugar mill gate prices (excluded duty): Modi Nagar 1800, Bagpat 1775, Daurala 1810, Chandpur 1680, Titabi 1805, Mawana 1810, Simbhawali 1800, Khatauli 1810, Badaiu 1730, Sattha 1730, Ruderavilash 1740, Bijnor 1750 and Amroha 1750, samali Rs 1790. (PTI) |
Gur remains steady in quiet trade NEW DELHI, Sept 23: Steady conditions prevailed on the wholesale gur (jaggery) market today as prices continued to trade in a narrow range in scattered deals and settled around overnight levels. Marketmen said negligible enquiries against adequate stocks mainly mainly kept prices unaltered. Following were today's quotations: Chakku 1400-1450, Pedi 1580-1630 and Dhayya 1600-1650 Shakkar 1600-1650 and Khandsari 2100-2200. In Muzzafar Nagar: Raskat 1025-1100, chakku 1250-1375 and Khurpa NA. In Murad Nagar: Pedi 1400-1450, new Pedi 1600-1675 and Dhayya NA. (PTI) |
Cloves, jeera up on tight stocks NEW DELHI, Sept 23: In thin trading, prices of cloves and jeerak improved in the wholesale kirana market today on restricted arrivals from producing centres in the face of increased demand and closed with fresh gain. Elsewhere, prices of other commodities remained unaltered on little doing. Marketman said tight stocks position amid negligible arrivals from producing centres pushed up cloves and jeera prices. Cloves prices improved by Rs 300-345 instead of Rs 290-330 per kg in view or paucity of stocks. Jeera common and jeera dollar also traded higher at Rs 9200-9400 and Rs 9300-9400 as compared with Rs 9000-9300 and Rs 9200-9300 per quintal following restricted arrivals against higher advices from Rajasthan. Following were today's quotations (in quintal): Ajwain 4,000-6,200 Black pepper common 13,000-13,100 Betelnut (kg) 95-110, cardamom brown (Jhundiwali) 14,000-14,500 and cardamom brown (Kanchicut) 16,500-17,500. Cardamom small (kg): Chitridar 180-290, cardamom (colour robin) 330-350, cardamom bold 375-390, cardamom extra (bold) 450-470 and cloves (kg) 300-345. (PTI)
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Select freight rates remains up on increased cargo arrival
NEW DELHI, Sept 23: Freight rates for the nine metric tonne pay load section for select destinations were quoted higher on the local truck transport market today following increased cargo arrival in view of festive season against tight availability of trucks. Transporters said increased cargo arrival in view of festive season against tight availability of trucks pushed up select destination freight rates. Delhi to Mumbai, Pune and Surat were quoted higher by Rs 500 each at Rs 16,500, Rs 17,500 and Rs 11,500 respectively. Following were today's freight rates per truck load of nine metric tonne: Ahmedabad 9,000 Hyderabad 19,500 Mumbai 16,500 Vijayawada 24,000 Baroda 11,500 Bangalore 31,000 Pune 17,500 Mysore 35,000 Surat 11,000 Pondicherry 39,000 Kanpur 9,000 Coimbatore 36,000 Kolkata 21,000 Chennai 35,000 Ludhiana 9,000 Kochi 42,000 Chandigarh 7,500 Thiruvananthapuram 44,500 Jaipur 3,500 Goa 21,000 Indore 11,000 Gwalior 6,500 Patna 16,500 Guwahati 41,000 (PTI) |
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Hyundai to pump Rs 4,191 cr in India by 2008 NEW DELHI, Sept 23: South Korean auto major Hyundai today announced investments of Rs 4,191 crore in India for setting up new car and engine and transmission plants, apart from a research and development centre. The announcement comes days after the company's Chairman and CEO Chung Mong Koo called on President A P J Abdul Kalam and Prime Minister Manmohan Singh, sharing Hyundai's investment plans for the country. Hyundai, which currently manufactures cars at its facility near Chennai, has so far invested Rs 3,372 crore in India. The company, which has made India the hub for manufacture of small car to cater to various geographies, currently has a production capacity of 3,00,000 units which it will double with the addition of the second plant that is likely to be operational by the end of 2007 and involve an investment of Rs 2,429 crore. (PTI) |
Copra, pistachio declines on slackness in demand NEW DELHI, Sept 23: In limited deals, copra and pistachio prices eased in the wholesale dry fruits market today owing to slackened in demand and ended with losses. Elsewhere, prices of other dry fruits to move in a tight range on scattered buying or selling and settled around previous levels. Marketmen said lack of buying interest mainly pulled down copra and pistachio prices. Copra prices drifted by Rs 200 each to finish at Rs 6200-6300 against previous mark of Rs 6400-6500 per quintal in view of fresh arrivals against slackned demand. Pistachio irani and peshwari also traded lower at Rs 460-480 and Rs 525-530 instead of Rs 475-495 and Rs 530-570 per kilo respectively. Following were today's quotations per 40 kgs bag: Almond (California) 12,200, Almond (gurbandi) 5,900 Almond (girdhi) 4000, Almond kernel (california) 425-430, Almond kernel (gurbandi) (kg) 410-430 and Abjosh Afghani 5,000-10,000.(PTI) |
Baalu calls for uniform road tax NEW DELHI, Sept 23: Union Road Transport and Highways Minister T R Baalu has made a strong pitch for a uniform road tax structure in the country and suggested that the National Road Safety Council and the Transport Development Council should deliberate upon evolving a mechanism for it. "A mechanism can be devised under the Union Ministry of Shipping, Road Transport and Highways where policy makers of the State Transport Departments may work together to bring in uniform tax structure," Mr Baalu said while addressing the 9th National Road Safety Council and the 31st Transport Development Council meetings in Shimla yesterday. Expressing concern over the spiralling road accidents, he said the Centre and the State Governments as well as the institutions responsible for administering the road regulations, should play a very active role in spreading awareness in road safety. "There is a need to change our road culture and imbibe road discipline where we respect the right of other road users," he said. Mr Baalu said his ministry accorded priority to putting in place a system that would ensure timely help to the victims of road accidents. He said his ministry had held consultations with the ministries of Union Health and Family Welfare and Telecommunications, besides Department of Economic Affairs and the National Highways Authority of India (NHAI) wherein it was decided that the Ministry of Health would identify hospitals located around National Highways and prepare a scheme for their upgradation during the Eleventh Five-Year Plan. Referring to the congestion on roads, the minister said the States should take adequate measures to bolster public transport by rationalising tax structure which presently favours personal vehicles rather than public transport. He also called upon the state governments to evolve methods where minimum inconvenience is caused to the customer coming to the Transport Department. "The system should be geared up towards redressing the grievances, especially in the case of transfer of vehicles from one state to another and non-refund of one-time road tax paid," he added. Mr Baalu also pointed out that due to multiplicity of checks, vehicles are detained at various check posts while moving from one state to another, thereby adversely affecting the productivity of commercial vehicles. "It is imperative that states should make all efforts to provide barrier-free movement to the commercial vehicles." Minister of State for Shipping, Road Transport and Highways K H Muniyappa urged the states to effectively enforce the regulations governing the weight carried by trucks and lorries, saying this was extremely important in ensuring road safety and road quality. He suggested that in hilly areas of Himachal Pradesh, Uttaranchal, Tamil Nadu, Kerala, North-east and other States, efforts should be made to make loop roads wherein one road is used for travelling from one direction to other and the other route is used for the return journey as it would be extremely difficult to build four-lane roads there. Mr Muniyappa also suggested construction of concrete roads in hilly regions since the cement roads had a much longer life-span than the bituminous roads. For enhancing passenger safety in buses, he said a draft Bus Body Code had been evolved and an exercise was under way to introduce a system of accreditation to bus body-builders to ensure that such vehicles conformed to minimum safety standards. The Transport Development Council has on its agenda issues like overloading, multiplicity of checking on National Highways, national data base for driving licences and registration certificates, promotion of public transport system, mechanical fitness of vehicles and pollution control. The National Road Safety Council agenda includes removal of encroachments, implementation of Control of National Highways and strengthening institutional mechanism in states and highways patrol. The two bodies are meeting together to bring the policy makers, stakeholders and road safety experts on a common platform to synergise their efforts to deliberate and recommend policies in the transport sector.(UNI) NTPC pays Rs 2,308 cr dividend for 2005-06 NEW DELHI, Sept 23: Public sector NTPC Ltd has paid a dividend of Rs 2,308.74 crore for 2005-06, which amounts to 28 per cent of its paid up capital. NTPC chairman T Sankaralingam presented a dividend cheque of Rs 590.37 crore as the government's share to Power Minister Sushilkumar Shinde. The company had earlier paid an interim dividend of Rs 1,475.92 crore, an NTPC release said. The company's shareholders had approved a final dividend of eight per cent which amounts to Rs 659.63 crore. Of the total dividend of Rs 2,308 crore paid to shareholders, NTPC paid Rs 2,066.29 crore to the government as its share during 2005-06 as against Rs 1,771.11 crore in 2004-05. (PTI) |
Low density polymers rise on fresh demand NEW DELHI, Sept 23: Prices of low density polymer improved in the wholesale plastic market today on increased offtake by plastic carry bag manufacturers and ended higher. Traders said demand from plastic carry bag makers mainly pushed up low density (LD) polymer prices. LD No 40 and LD No 400 were quoted higher at Rs 100 and Rs 90 against last closing of Rs 93 and Rs 87 per kilo respectively. Following were today's quotations per kilo: LD No 40 - 100.00, LD No 400 - 90.00, LDP blowing 82.00, colour 67.50 HD Blowing 81.50,00 HD moulding (deshi) 84.00, HD moulding (colour) 89, PP No 100 73 ,PP Colour 81, ABS (Indian) 91,acrylic 120-130, colour 139-144, crystal (Indian) 69, colour 78, poly carbonate 195-205, Nylon No-6 159, Nylon No 66 -173-175, PVC resin deshi 50.00, PVC pest grade 64, imported n.A. (PTI) |
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