SC passes order: Uncertainty over match telecast
New Delhi: The Supreme Court has directed Ten Sports to share the signals of the match with the national broadcaster, Prasar Bharati, Doordarshan. The three-judge Bench headed by the Chief Justice, Mr V.N. Khare, in its interim order, also directed Doordarshan to carry the logo of Ten Sports as well as the advertisements to be telecast by Ten Sports.

The court has also asked Prasar Bharati to deposit Rs 10 crore within two days before the Registrar General of the Supreme Court for availing themselves of the signals and other facilities provided by Ten Sports for the match.

In the meanwhile the counsel for Ten Sports has been reported as saying that no signals might be available if Taj TV Private Ltd, Dubai, decided not to offer the signals to its Indian counterpart, Taj TV India. The Indian entity has expressed apprehensions that the signals of the live telecast might not be shown in India at all.
Meanwhile, the owner of Taj TV, Sharjah's Abdul Rehman Bukhatir, has flown into Delhi. He is expected to make his position clear at a press conference later in the day.
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Dadri project: International bids for supply of gas
Mumbai: Reliance Energy has decided to call for international competitive bids to buy natural gas for its proposed 3,500 MW power plant at Dadri, Uttar Pradesh.

Reliance E-Gen Private Ltd, plans to call for the supply of 17 to 18 million cubic metres of gas per day. This gas demand is expected to continue for 20 years.
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ISA and auto sector arrive at arrangement
New Delhi: According to a press release the Society for Indian Automobile Manufacturers (SIAM), the Auto Component Manufacturers' Association (ACMA) and the Indian Steel Alliance (ISA) have agreed on a five-point agenda to address issues relating to the availability and volatility of steel prices. The ISA has assured that it will meet all domestic demand of hot rolled coils and that there will be no export of HR coils at the cost of the local market.

With a view to lend stability to prices, ISA members have also committed to enter into quarterly, half-yearly or annual contracts with their customers. For small consumers, members of the Steel Alliance have agreed to meet aggregated demands of such customers for HR coils, subject to minimum quantity depending upon the members.
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Steel producers to evolve formula for prices
New Delhi: At a meeting held between the Indian Steel Alliance representing the HR steel makers and the Cold Rolled Steel Manufacturers' Association, the hot rolled (HR) and the cold rolled (CR) steel producers have reached an agreement to set up a joint working group that will meet once a month and evolve a formula base on which prices of HR steel will be determined.

It was decided that guidelines would be put in place, which will take care of the interest of the producers and the consumers.
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Gem and jewellery: India's dominance under threat
Mumbai: According to an ICRA report on the Indian gems and jewellery industry, India's dominance in the world's cut and polished diamonds market may find a serious rival in the form of China. The report says that an increasing number of diamond processors from Israel and Belgium, and even India, are setting up facilities in China for a variety of reasons.

The reasons range from a cheap and disciplined labour force to high economic growth in the country resulting in a significant increase in potential consumers in the high-income segment within China, and also to the quality of Chinese workmanship which is steadily improving.

In 2002, India was the world's leading diamond cutting and polishing centre, accounting for 53 per cent share of the global polished diamond market in terms of value, 80 per cent share in terms of caratage and 95 per cent share in terms of pieces in the global production of cut and polished diamonds.
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CLCSS: Tech upgrade scheme for SSIs
Hyderabad: The union ministry of Small Scale Industries, has decided to aggressively push its Credit Linked Capital Subsidy Scheme (CLCSS), in order to bolster the technology and competitive strengths of the small-scale industries (SSIs) in the country. The scheme has a corpus of Rs 600 crore.

It has identified 30 sectors, which include frontier areas such as biotechnology, information technology, as well as traditional ones such as fans, wire and cable, poultry, plastic, food processing and those exposed to intense foreign competition such as toys and bicycle etc to provide attractive terms of credit for technology upgradation.

The ministry has identified the Small Industries Development Bank of India and the National Bank for Agriculture and Rural Development as the nodal agencies for the implementation of the scheme.

The CLCSS would be open to all existing SSI units registered with the State Directorate of Industries.
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Kochi Refineries and BPCL sign production MoU
Kochi: A MoU signed between Kochi Refineries Ltd (KRL) and Bharat Petroleum Corporation Ltd envisages a crude throughput of 7.55 million tonnes for 2004-05. The MoU also envisages bitumen sales of 1,45,000 tonnes for the coming year, the development of an ecological park and the setting up of infrastructure facilities for rainwater harvesting.

New crude oil receipt facilities are to be established, including the setting up of a single buoy mooring. On the quality front, the MoU has targeted attainment of ISO 9001 and ISO 17025 levels by the refinery.
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