The Hindu Business Line : Friday, June 07, 2002

West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships
IN what could adversely impact exports from the country, overseas marine insurers have clamped an additional 0.1 per cent `war-risk' premium on all foreign vessels calling at ports on the west coast including Kandla, Mumbai and Jawaharlal Nehru ... More

All's well at Global Trust: MD
A FEW bank branches and several ATMs of Global Trust Bank in Hyderabad witnessed excessive withdrawals forcing the bank management to intervene and assure customers that all is well with the bank and it is financially sound. The Managing ... More

Mahajan open to talks with Tatas on VSNL
THE Union Communications Minister, Mr Pramod Mahajan, has softened his stand on Videsh Sanchar Nigam Ltd (VSNL), stating that he is open to talks with the Tatas to resolve the controversy surrounding its decision to invest in Tata Teleservices ... More

RCF wants to bid for HOCL stake
IN what could pose an additional complication for the Ministry of Disinvestment, Rashtriya Chemicals and Fertilisers (RCF) has sought permission to acquire a 32.61 per cent stake in Hindustan Organic Chemicals Ltd (HOCL), yet another PSU under ... More

Projects facing time overruns must be treated as NPAs: RBI
As for conversion of outstanding dues into equity or debentures, they would have to be normally split into interest and principal. Where the interest is capitalised and consequently recognised as income, the new guidelines specify that full provision s w ould have to be made. More

Uncle Sam to look over students' shoulders
INDIAN students planning to pursue academic interests in the US should be prepared for some tough monitoring by the US Government. As part of an ongoing effort to enhance the United States' Homeland Security, the Justice Department recently ... More

Air France cancels flight for 2 days
AIR France today cancelled its flight on the Delhi-Paris sector for June 7 and 10, days after the French Government asked its citizens not to travel to India. Sources maintained that the airline's flight on the Delhi-Paris sector will operate ... More

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