The Hindu Business Line : Wednesday, February 13, 2002

PPL to set norms for sick PSUs
With the exception of Modern Food Industries Ltd, the Government has been tackling only profit-making PSUs for disinvestment so far. More

Anxious Paradeep staff await verdict
DISCONTENTMENT has been partly replaced by suspense among the employees of the Paradeep Phosphate Ltd (PPL) on Tuesday, as they wait with bated breath for news from New Delhi regarding the imminent privatisation of the company. The Cabinet ... More

Govt, Suzuki discuss Maruti rights issue
ANOTHER big-ticket disinvestment appears to be around the corner with the Union Government initiating on Tuesday talks with the representatives of Suzuki Motor Corporation (SMC) for part-offloading its holding in Maruti Udyog Ltd through a Rs ... More

IA hikes fares on most sectors
IN an effort to curtail mounting losses, Indian Airlines has announced a marginal increase in air fares ranging from Rs 115 to Rs120 on most sectors from February 15. However, for air fares in the north-eastern region and a few other sectors, ... More

Motor risk premiums to go up from April
THE Tariff Advisory Committee (TAC) of the Insurance Regulatory and Development Authority (IRDA) has effected a hike in motor insurance premiums. The new premiums are expected to take effect from April 1. Consequent to the hike, insurance ... More

Philips prunes net loss to Rs 21.2 cr
PHILIPS India Ltd has posted a net loss of Rs 21.2 crore for the year ended December 31, 2001 compared to a loss of Rs 34.2 crore last year. The consumer electronics division, which posted a Rs 33.39-crore loss before interest and tax last ... More

Rupee Co-op Bank board superseded
THE board of directors of Rupee Co-operative Bank has been superseded and the Reserve Bank of India (RBI) has appointed an administrator for the management of the bank. The action against the bank follows the presentation of a report by the ... More

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