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December 15, 2000, Chandigarh, India   
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150 Faridabad units apply for relocation N-E type
export package for J&K Computer sales dip, shares up Haryana sugar mills’
recovery up |
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MUMBAI, Dec 14 — Stock brokers will now have to undertake the dual role of not only facilitating the share transactions on behalf of the investors but also promote the sales of mobile phones to their investors, sometimes free of cost, in the emerging technological environment at the market places. VSNL launches high
speed Internet access Internet
node for Faridabad Publicis acquires
Delhi firm |
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MUMBAI: Drinking up to four cups of black tea per day improves endothelial function in blood vessels of people diagnosed with coronary artery disease. A research report brought out by Brooke Bond Tea and Health Research Centre said that this finding may explain previous observational studies demonstrating that tea drinking reduces the risk of heart disease and stroke. Ambani to get
civic reception Wives of French
cops rebel
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150 Faridabad units apply for relocation CHANDIGARH, Dec 14 — The Haryana Government today claimed that nearly 150 units engaged in electroplating, photostating or pickling and heat treatment and operating in the residential area of Faridabad had come forward with their applications and 10 per cent earnest money to the local office of HUDA so as to shift their units in Faridabad. A spokesman of the Haryana State Pollution Control Board revealed that these developments would be a significant step towards the provision of a pollution-free environment in the state. The board was motivating these units to install effluent treatment plants. However, they were unable to comply with the provisions of the Water Pollution Control Act due to unavailability of space. Therefore, their shifting from the residential area to industrial area had become necessary. There were 206 such units operating in non-conforming area in Faridabad and, on an average, each of these small-scale unit discharged toxic effluent between 500 litres and 200 litres per day. Although some of these units had installed their own effluent treatment plants, the residents of the area had made complaints regarding the pungent smell emanating from them and the nuisance caused by these units. The pollution control board held several meetings with representatives of these small-scale units to sort our their problems. One such meeting was presided over by the Chairman of the Haryana State Pollution Control Board, Mr H.S. Bains and attended among others by the Deputy Commissioner of Faridabad and officers of HUDA and Industries Department. These units had been assured of financial assistance by the Small State Industrial Development Bank of India. HUDA would provide land to the society of these small-scale units shortly at a new location. The remaining units were being persuaded to submit their applications by December 20 for shifting from residential area. The spokesman said those applying beyond this date would have to go through the regular channel. The Haryana state pollution control board was already in touch with the SIDBI to provide financial assistance to these units after the start of the allotment process. The President of the Faridabad Small-Scale Pollution Control Cooperative Society had also been asked by the Haryana State Pollution Control Board to get the applications of the remaining units submitted along with earnest money. |
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N-E
type export package for J&K JAMMU,
Dec 14 (PTI) — The committee on promotion of exports from Jammu and
Kashmir has recommended extension of a modified North East region
package and special export promotion schemes and strategies for the
state. The package should be revised for Jammu and Kashmir to give a 10-year tax exemption for existing and new industrial units, Chairman of the committee and Economic Adviser to the Department of Commerce in the Ministry of Commerce and Industry H.A.C. Prasad said here yesterday. Dr Farooq Abdullah and Minister of State for Commerce and Industry Omar Abdullah were also present at the function organised by Jammu Chamber of Commerce and Industry where Prasad explained the recommendations of the committee. The 21-member committee has recommended that an export development fund should be set up for the state on the pattern of North-Eastern states. This fund will assist activities promoting exports and seeks to develop the state under the programme for development of a disadvantaged region. Setting up of inland container depots in remote and accessible areas of the state as part of infrastructural pre-requisites for tapping export promotion has also been recommended. To begin with, one ICD is required to be set up in Jammu. These ICDs will provide doorstep facilities to the exporters. The committee also recommended an air cargo complex in Jammu, while a complex in Srinagar is to be made functional. It also recommended the setting up of a trade cum exhibition centre preferably facing Dal Lake where trade fairs, buyer-seller meets on the pattern of Suraj Kund melas could be held. Recommending the setting of export promotion industrial park in the state, the committee said concessions provided to the North-Eastern states should be extended to J and K. Another recommendation made by the committee is the setting up of growth centres, development of village and small-scale industries and utilisation of schemes in the new exim policy. It suggested that J and K should make use of opportunities under exim policy by setting up a special economic zone which can have agro processing and services units also. The committee also suggested that J and K should use marketing development assistance schemes for exploring markets and diversifying exports. |
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Computer sales dip, shares up NEW YORK, Dec 14 — Dell Computer Corp., the world’s No. 2 personal computer maker, may be next in line to warn of flagging fourth quarter results, joining several of its key rivals, Wall Street analysts said on Wednesday. “We believe the confluence of evidence in and around the PC industry suggests that there has been a notable change in business conditions in the market since Nov. 10,” Chase Hambrecht & Quist computer analyst Walter Winnitzki said. Dell spokesman Venancio Figueroa said the company had made no changes in its guidance to analysts but that as a matter of policy the company did not comment on “other people’s speculations.” In November, it told analysts to expect fourth quarter year-over-year revenue growth of 27 per cent, he said. The spotlight on Dell comes after Compaq Computer Corp., the No. 1 PC maker, late on Tuesday joined the growing parade of computer makers and component suppliers to warn its results would fall short of expectations. Compaq blamed slow demand from US Consumers, small businesses and dot-com firms. Compaq joined Intel Corp., Gateway Inc., Advanced Micro Devices Inc., Motorola Inc. And Apple Computer Inc., all of whom have recently issued similar warnings. The consensus: post-thanksgiving US consumer PC sales are a bust. The major names missing from the list are Hewlett-Packard Co.. And International Business Machines Corp., whose diversification in a range of computer hardware, software and services beyond PCs offer some additional cushions. Hewlett-Packard said two weeks ago at its annual meeting for financial analysts that it was seeing softness in its own PC sales, even as it reaffirmed its expectations of 15 to 17 percent revenue growth for its year ending in October 2001. H-P consumer exposure in the PC market is only 8 pct of overall revenue. On Tuesday, IBM Chairman and chief executive Lou Gerstner declined to comment on his company’s fourth quarter outlook. IBM exited the US consumer retail computer business last year, but could be exposed if industry pricing pressures spill over into other PC sectors where IBM is active. There is a growing consensus on Wall Street that few if any companies in the personal computer food chain are immune to the pressures of flagging personal computer demand in the USA and, to a lesser degree, Europe. For many analysts, the question is not whether, but when and by how much the other major computer makers will fall short. However, with bad news so widely expected, and the biggest culprit — consumer demand — widely known, many investors see little further downside to the stocks for now. This explains why in recent weeks some PC-related financial warnings have diminished concerns that even worse news was in store and helped push stocks higher or at least left them relatively unmolested. In early Nasdaq trading on Tuesday shares of Dell traded at $21-3/8, down 21/64 of a point, levels unseen since July of 1998. Compaq fell on the New York Stock Exchange to $18.95, down $1.82 or 8.8 per cent, and was near 13-month lows. — Reuters
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Haryana
sugar mills’ recovery up CHANDIGARH, Dec 14 — The cooperative sugar mills in Haryana today claimed to have succeeded in attaining an average record level of 9.60 per cent of recovery of sugar so far during the current season as against the 8.80 per cent during the corresponding period last year. The Chief Minister, Mr Om Prakash Chautala, said today that the mills had been able to attain such a high level of recovery of sugar as a result of the concerted efforts made by the government to improve their working, besides giving incentives to the staff of the mills. He said the sugar mills at Rohtak, Shahbad, Jind, Palwal and Meham had already touched the level of more than 10 per cent recovery. For instance, the Rohtak sugar mill had attained the level of 10 per cent sugar recovery as against 8.30 per cent last year, whereas the Shahbad mill had succeeded in enhancing sugar recovery by .8 per cent and that of Jind 1.23 per cent as compared to last year. The Chief Minister said in case of the Meham sugar mill, the recovery of sugar had been 2 per cent more per quintal of the cane crushed as compared to the last year showing that the production of sugar was 2 km more from every quintal of cane crushed. Mr Chautala said that except the sugar mill at Bhuna which started cane crushing on December 7 all other mills had reached an encouraging level of recovery of sugar. The mills had been showing good performance as compared to last year which was evident from the fact that till date these mills had produced more sugar as compared to last year’s production despite crushing marginally less sugarcane. He said the 10 cooperative sugar mills had crushed 2,15,800 quintals of sugarcane to produce 20,600 quintals of sugar till Sunday last as against crushing 2,20,510 quintals of cane to produce 18,985 quintals of sugar during the same period last year. |
Investors wooed with
free mobile phones MUMBAI, Dec 14 (UNI, PTI) — Stock brokers will now have to undertake the dual role of not only facilitating the share transactions on behalf of the investors but also promote the sales of mobile phones to their investors, sometimes free of cost, in the emerging technological environment at the market places. Today, the Delhi-based broking firm GogiaCap.Com Limited offered free mobile phones to its investors in order to woo them avail the newly launched WAP-enabled online stock trading facility on the Website (GogiaCap.Com). The company claimed to be the first to introduce mobile stock trading on the National Stock Exchange (NSE) by implementing technology jointly harnessed by NSE. IT and Bharti Telesoft. The technology involved Bharti’s WAP interface and NSE. It E-broking products like neatXS and iXS that led to convenience of live stock trading for people on the move. The technology would allow the investors to adjust their investment portfolio along with the change in the market sentiment online while on the move from one place to others. VSNL launches high
speed Internet access JALANDHAR, Dec 14 — VSNL launched its high speed Internet access through the Integrated Services Digital Network at its gateway centre here today. The centre was inaugurated by Mr Vinoo Goyal, Director (Development) of the VSNL. Mr Goyal said the organisation was planning more intensive market initiatives to increase availability of Internet and other information technology facilities on a broader scale in this region. In this competitive environment, VSNL was contemplating to enter domestic long distance telephony and spreading its all-India Internet network. He hoped that residents of the city would avail the new services and enhance their IT skills. The new facility will allow the Internet access through high speed digital connectivity using the ISDN through a single number 172228. Mr M.J.S. Puri, General Manager, VSNL, said with a view to providing IT services to the people of the North-West region. VSNL had commissioned its gateway station in 1998 and the company has a strong customer base of around 10,000. The local node was fully geared to provide full range of Internet services as it was directly connected with the Internet access node at Mumbai via New Delhi. VSNL is planning to establish an international class telecom bureau at its local Customer Service Centre to facilitate easy access to ISD calls, Internet access and other value added services. Internet
node for Faridabad FARIDABAD, Dec 14 — The Telecom Department has installed the latest Internet node here for providing Internet services to subscribers of the district. According to Mr R.K. Hooda, Deputy General Manager of the department, the node had been a part of the high-speed national Internet network of the Bharat Sanchar Nigam Limited. The access code for PSTN and ISDN subscribers had been kept as 172233 and 172225, respectively. The tariff for PSTN dial up access ranges from Rs 150 to 4,500 depending upon the usage, while for ISDN it varies from Rs 1,000 for 100 hours and Rs 8,000 for 1,000 hours. While there is no registration fee for getting Internet connection, a “help desk” has been set up with access code of 1957. Publicis
acquires Delhi firm NEW DELHI, Dec 14 (UNI) — Keeping with its acquisition spree worldwide, French advertising major, Publicis, today announced the 100 per cent acquisition of Delhi-based Maadhyam Communications through its Indian arm for an undisclosed amount. Publicis Worldwide had acquired 60 per cent stake in Zen Communications to make its entry into India in April last year and has planned to increase its equity to 70 per cent next year. Publicis had acquired the US-based Satchi and Satchi six months ago which made it the $ 10 billion company from $ 6 billion and improved its world ranking from eighth to fifth place. Mr Guillaume Levy-Lambert, Regional Chairman, Asia Pacific Publicis Worldwide, told mediapersons here “we have to be global to survive, hence this acquisition spree.” |
co
Black tea good for heart MUMBAI: Drinking up to four cups of black tea per day improves endothelial function in blood vessels of people diagnosed with coronary artery disease. A research report brought out by Brooke Bond Tea and Health Research Centre said that this finding may explain previous observational studies demonstrating that tea drinking reduces the risk of heart disease and stroke. “This study demonstrates that drinking tea reverses an important underlying abnormality of blood vessel function that is related to heart disease and stroke”, according to Joseph A. Vita, MD, Boston University School of Medicine. Vita said: “The effects were visible within two hours of drinking the first cup.” The symptom of coronary artery disease is that artery walls are not able to expand well to accommodate blood flow. “The endothelium, or the layer of cells lining inside of every blood vessel in the body, releases signals that control blood flow (by expanding and contracting vessel walls), formation of blood clots, blood vessel inflammation and abnormal thickening of vessel walls”, he said. The researchers tested the short-term and long-term effects of drinking tea and drinking water on endothelial function in 50 men and women with known coronary artery disease over a period of eight weeks. Participants drank one beverage for four weeks and then “switched over” to other for remaining four weeks. Researchers found (by measuring diliation of an artery) that the ability to expand vessel walls was abnormally low in the patients with coronary artery disease. However, endothelial function improved two hours after the patients drank two cups of black tea per day after the patients drank four cups for a month. Drinking water for the same periods of time had no effect. The participants were allowed to add milk or sugar to their tea, the survey reported.— UNI Ambani to get
civic reception MUMBAI: Reliance supremo Dhirubhai Ambani will be accorded a grand civic reception this Saturday. In the past, civic reception has been organised for the Prince of Wales, Mahatma Gandhi, Subhas Chandra Bose, Dadabhai Naoroji, Dr Rajendra Prasad, Maulana Abul Kalam Azad, late Prime Minister Jawaharlal Nehru, Mother Teresa and J.R.D. Tata. The Reliance group is India’s largest business house with a total revenue of Rs 50,415 crore, net profits of Rs 3,478 crore for the 12-month period ending September 30, 2000 and the group has total assets worth Rs 52,100 crore. Born on December 28, 1932 at Chorwad village in the Saurashtra region of Gujarat, the business leader set an example by establishing the Reliance group whose activities span from textiles, synthetic fibres, fibre intermediates, petrochemicals, oil and gas production, refining, power, telecom to infocom initiatives. Thrice, that is in 2000, 1998 and 1996, he was nominated one of the “Power 50 — the most powerful people in Asia” by Asiaweek magazine. He is the only Indian industrialist in the “Business Hall of Fame” in Asiaweek in 1998.
— UNI Wives of French
cops rebel PARIS: It has always been a joke in the barracks: “Dogs welcome; wives tolerated”. But the spouses of France’s gendarmes (policemen) no longer see the funny side — and after years of suffering in silence, they are fighting back. “We want to be more than just tolerated,” said Nathalie Douet (36), one of 200 wives who have formed a militant group to fight for better conditions. “Alright, we knew more of less what to expect when we married our husbands. But why should these inhumane practices from a bygone age be allowed to continue?” The Gendarmes’ Wives Movement, whose members include lawyers, doctors and teachers, aims to change some of the more absurdly chauvinist traditions acquired during the force’s 200 years as a paramilitary police service run by the defence ministry. “We would like family mail delivered to our letter box, and not to our husbands’ desks”, said another founding member, Corinne Michaud, 32. “We would like to be able to call a plumber without our husband first having to draw up a report and hand it to his superior. When our friends drop round for lunch, we would like them not to have to leave their identity cards at the entrance to the barracks”.— The Guardian |
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HDFC Bank says it’s open to acquisitions SHARE prices tended to move upwards at the initial stages of the session on Thursday. However, selling pressure reportedly by UTI in cyclicals took operators by surprise forcing them to book profits at prevailing price levels. Stock brokers said the market had discounted victory for George W. Bush in the US presidential elections and failed to have any positive impact on the trading sentiments. The overnight decline of 109 points in the Nasdaq Composite Index followed by weakening trends on Asian markets triggered off a fresh spell of selling in tech stocks. However, buying interest gathered momentum in cement stocks following the government’s initiative to strengthen the infrastructure sector amidst the move to accelerate disinvestment process in the state-run companies. HDFC Bank may follow in the footsteps of its close rival ICICI Bank to tap the New Your Stock Exchange (NYSE) by July 2002 to raise fresh capital and said it has kept options open to acquire more banks in India. HDFC Managing Director Deepak Puri told reporters after the launch of HDFC Securities in Delhi on Thursday the bank may also raise fresh capital from the Indian capital market. Asked about acquisitions, Mr Puri said: “We are open to acquisition but we are not discussing any proposal with any bank right now.” Hexaware Technologies is aiming at a turnover of Rs 250-300 crore in the coming year mainly through exports. The company’s turnover this year was around Rs 150 crore of which exports accounted for as much as 90 per cent, the company’s Chairman Atul Nishar told reporters in Chennai. Alcatel and Tata Telecom have bagged a $ 12 million contract from cellular service provider Birla AT&T for expansion of its mobile backbone network in Maharashtra and Gujarat. Alcatel will supply its state-of-the-art microwave radio equipment and add drop multiplexers based on synchronous digital hierarchy technology to increase the network capacity by four times, a company statement said today. Alcatel will also provide its network management system to provide continuity of transmission along the backbone. Tata Telecom will supply local hardware support — antennae, other installations materials — and will also carry out the site survey, civil construction and other maintenance-related activities. ‘Alcatel’s leading-edge transmission solutions will provide Birla AT&T with the advantage of enhanced capacity and formidable network performance and reliability”, the company’s country senior officer for India Christian Lacroix said. UTI Bank has become a clearing bank with the Bombay Stock Exchange (BSE).The bank is already is clearing bank with the National Stock Exchange (NSE) and a clearing member with the derivative segment of the NSE. The bank’s inclusion as a clearing bank for the BSE enables it to provide comprehensive facilities to broker clients banking with it. The bank is also a depository participant with NSDL and intends to become a depository participant with CDSL as well. — agencies |
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Air Sahara Discovery Mediabar Schwabe India PowerGrid Global award |
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