The Hindu Business Line : Thursday, October 31, 2002

Govt sets tough terms for SCI sale — Capital expansion, merger need affirmative vote
THE successful bidder among Great Eastern Shipping Company Ltd (GESCO), Essar Shipping Ltd and Sterlite Industries Ltd for acquiring a 51 per cent controlling stake in Shipping Corporation of India (SCI), will have to brace itself for a long ... More

StanChart to handle Kolkata port EDI transactions
THE Kolkata Port Trust (KPT) has selected Standard Chartered Bank as its collecting banker for electronic data interchange (EDI) transactions. The EDI initiative is being implemented at all major ports; it involves electronic transfer of funds ... More

GENERAL INSURANCE

Vehicle age no bar for liability-only cover
WHEN you walk up to the insurer the next time to buy a liability-only cover for an ageing vehicle, you need not worry about the proposal being rejected. The Insurance Regulatory and Development Authority (IRDA) has now proscribed the practice ... More

ROADWAYS

SPV mooted to improve Ennore Expressway
THE industries in the Ennore-Manali belt, to the north of Chennai, continue to suffer with the Ennore Expressway, along the coast, the major link between the city and the industrial area, suffering serious sea erosion. The already narrow road, ... More

Transporters defer strike by 3 months
THE All-India Motor Transport Congress (AIMTC) has decided to defer its planned strike starting from November 15 by three months after the Insurance Regulatory and Development Authority (IRDA) came out with a couple of decisions in favour of the ... More

Ships in Ports

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Looking back
Oct. 20-Oct. 26
SCI may be delisted post-privatisation

IRDA strong-arm tactics pay off — Insurers accepting third-party liability cover

Major ports' throughput meets Ministry H1 target