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June 15, 1999  EC woos Indian industry associations The commission denies it is playing Indian industry against the Indian government, reports Ranvir Nayar from Paris. India accorded partner country status at Dusseldorf shoe fair At the last GDS shoe fair, 26 Indian companies had participated and bagged confirmed orders worth Rs 250 million and serious inquiries worth nearly Rs 520 million. 
• BSE: Sensex 3950.96; down 18 points • NSE: Nifty 1126.90; down 15 points • Forex: Rs 43.15 vs $ June 13-14, 1999 India, Third World gear up to thrash out patents issue in Budapest The agenda for the World Conference on Science includes education in public versus private investment in science. India is likely to raise the controversial issue of some Western companies gaining the patents for traditional knowledge. NEWS Subhash Ghai calls upon tinsel-world to make the most of industry status He said that this status had enabled his forthcoming film Taal to become the first to be insured against all risk factors except profits. Auto industry seeks freedom to select anti-smoke technology 'What does the government intend to impose, emission levels or catalytic convertors?' asked Venu Srinivasan, the new president of the Society of Indian Automobile Manufacturers. Indo-US biz body urges Clinton, House of Reps to lift sanctions It is unrealistic to expect democratic nations like India to yield to pressure tactics like sanctions. It is unfair to oppose development finance to India where more than 500 million people live in poverty, said Dean R O'Hare, chairman of the US-India Business Council.
• GDR Weekly Review: Skindia GDR Index up 8.39 points to 751.44 • BSE and NSE Weekly Review: Sensex dips 73 points, Nifty 13 points as Indo-Pak tensions mount June 12, 1999  Swinging euro raises doubts over future of India's trade with Europe The European Union is the largest trading partner of India. About 27 per cent of India's exports go to the EU while India gets 29 per cent of its imports from the EU. COLUMNIST Decentralisation will improve quality of education, generate demand 'The centralised government administered system perpetuated a myth that there is no demand for primary education. Rubbish. There is demand if there is quality.If the quality is right, people are prepared to pay,' says Bibek Debroy. NEWS Karnataka to boost auto sector, forge trade ties with Lanka The automobile policy, the first of its kind in India, suggests setting up of two autoparks. Bank of Maharashtra launches credit cards for farmers The farmer with the credit card can withdraw money for purchasing seeds, fertilisers, pesticides, payment of electricity bills, canal water charges and land revenue.
• BSE: Sensex 3969.36; down 87 points • NSE: Nifty 1141.90; down 20.7 points • Forex: Rs 43.05 vs $ Rs 45.20 vs euro Rs 69.17 vs pound Rs 36.39 vs yen June 11, 1999   US Senate passes amendment to ease sanctions The World Bank will resume funding for India's infrastructural projects, if the measure, approved in the Senate by a voice-vote on Tuesday, becomes law. Honda Siel 1998-99 incurs losses of Rs 441.3 million The company had planned to sell 10,500 units of the Honda City, but could sell only 9,631. Nonetheless, the company has fixed a 14,000 unit sales target for the current fiscal. Kochi airport opens, Air-India flights to Gulf overbooked Indian Airlines would be operating its international as well as domestic flights from the airport within a week. Its first international flight would be to Muscat.
• BSE: Sensex 4056.47; up 16.5 points • NSE: Nifty 1162.60; down 0.60 points • Forex: Rs 43.01 vs $ Rs 44.98 vs euro Rs 68.94 vs pound Rs 36.09 vs yen June 10, 1999    Bengal rejects Maruti's time plea for Euro-fit cars Maruti's MD Bhaskaradu sought implementation of the Euro norms from October. But the West Bengal government has decided not to extend the July deadline. NEWS A-I's Dahran flight landing to be Kochi airport's first operation The director-general of civil aviation has granted temporary licence to Cochin International Airport Limited for operation of India's first private airport. American businessmen keen to invest in India, Kissinger tells Sinha The former US secretary of state appreciated India's efforts to bring the economy back on the recovery path.
• BSE: Sensex 4040.52; down 26.3 points • NSE: Nifty 1163.20; down 15.75 points • Forex: Rs 43.07 vs $ Rs 45.12 vs euro Rs 69.05 vs pound Rs 36.13 vs yen June 9, 1999   World Cup win over Pak brings fresh cheer to colour TV industry More than 500,000 sets were sold in May. If India manages to enter the semi-finals, sales may continue to soar. For the first time, the total CTV sales in 1999-2000 are likely to exceed five million units compared to 375,000 last year. NEWS D S Brar to succeed Parvinder as Ranbaxy MD from Oct Singh would continue as chairman. The company's board also adopted a code for embracing best international practices in corporate governance. Cabinet nods to A-I plan to reduce retirement age to 58 The move is expected to result in savings of Rs 876 million for the public sector carrier.
• BSE: Sensex 4066.82; up 31.5 points • NSE: Nifty 1178.95; up 22.30 points • Forex: Rs 43.04 vs $ Rs 44.67 vs euro Rs 69.03 vs pound Rs 35.47 vs yen June 8, 1999   West Bengal to allow sales of only euro-fit cars from July The Euro-II emission norms would come into effect from April 1, 2000. The state government will not to permit more than 15-year-old taxis to ply in the city from January 1, 2001. NEWS Maruti commences Euro-I vehicle production The company makes 1,350 vehicles per day, 22 per cent of which are Euro-fit. This would now be hiked by 12 per cent to meet the demand in West Bengal. Anil Ambani makes it to Asiaweek's hall of fame ''We need a change in the mindset in terms of being part of the competitive world. Those that don't change will perish,'' Ambani said on winning the award. FIPB clears Swatch, Delphi, Denso, Nokia, Mico, Cogentrix proposals In all, 40 proposals were approved by the Foreign Investment Promotion Board, amounting to a foreign direct investment of Rs 1.25 billion.
• BSE: Sensex 4035.32; down 7.20 points • NSE: Nifty 1156.65; up 1.65 points • Forex: Rs 42.98 vs $ Rs 44.26 vs euro Rs 69.07 vs pound Rs 35.50 vs yen
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