The Hindu Business Line : Friday, June 06, 2003

Coal India chief suspended — Under cloud on charges of corruption
Mr Sharma's suspension order was issued by the Ministry on the day when a 10-member parliamentary consultative committee was visiting the city. The committee members are said to have complimented Mr Sharma for the company's overall improved performan ce in the 2002-03 fiscal. More

What went wrong for him
THE decision to suspend the Coal India Chairman cum Managing Director, Mr N.K. Sharma was taken late last night after the Minister for Coal, Mr Karia Munda, discussed the issue with the Prime Minister, Mr Atal Bihari Vajpayee, and apprised him ... More

Air India Charters plans Kochi-Gulf services — Low-cost airline may soon take wing
THE era of low-cost, no-frills, state-owned airlines offering reduced fares and Indian hospitality to and from India could soon dawn in the domestic sky - courtesy the Maharaja. Air India Charters Ltd (AICL), a 100 per cent subsidiary of Air ... More

`Poor response' to Grasim's open offer for L&T stake
GRASIM Industries' open offer for 20 per cent stake in Larsen & Toubro has, from all accounts, fetched a very poor response from shareholders of Larsen & Toubro. Today was the closing day of the issue. Estimates of the extent of response to ... More

SEBI looking at book-building norms review
THE Securities and Exchange Board of India (SEBI) is looking at modifications to the existing book-building norms, which is being dubbed a "failure" by certain experts and participants in the capital market. The book-building norms in the ... More

Agents force turns premium asset for insurers
LIFE insurance business, it is said, is done best by personal contact with the customers. Typically, it has been the agents who delivered. What we are seeing in the industry today, seems to underline this. Private sector insurers appear to be ... More

R.K. Swamy passes away
MR R.K. Swamy, Chairman, R.K. Swamy BBDO Advertising Pvt Ltd, died here today after a brief illness. He was 80 and is survived by his wife, two sons and four daughters. A doyen of the advertising industry, Mr Swamy was acknowledged as one of ... More