The Hindu Business Line : Wednesday, March 27, 2002

IOC to get Haldia Petro reins with 26 pc stake
THE board of Haldia Petrochemicals Ltd has approved the entry of Indian Oil Corporation (IOC) with management control, bringing the curtains down on one aspect of the nearly two-year-old corporate drama. Mr Tarun Das, HPL Chairman, told ... More

Panel green signal for Bt cotton
IN what is perceived as a significant milestone for Indian agriculture, the Government on Tuesday allowed commercial cultivation of the country's first ever genetically engineered crop — the controversial Bt cotton developed by the ... More

IRDA caps agency commission at 15 pc
THE Insurance Regulatory and Development Authority (IRDA) has said that general insurance companies would be allowed to pay a maximum of 15 per cent as agency commission for insuring assets purchased through individual loans including those under ... More

Garment export surge chokes cargo space
AT all Indian gateway airports, there is a scramble for cargo space on airlines as garment exporters rush to meet the deadline when the quotas for the first period expire. Airlines have also come in with flash or express rates to cash in on the ... More

Hindujas sell part of stake in IndusInd?
THE Hindujas have reportedly sold a part of their stake in IndusInd Bank in negotiated deals. A top official of the bank said it was possible that the deal had taken place. It could, however, not be ascertained who bought the stake. The ... More

Importers can rebook cancelled forward deals
THE Reserve Bank of India has relaxed rules on hedging of imports by allowing importers to re-book cancelled foreign currency forward contracts. However, the facility, which will come into effect from April 1, 2002, is up to an amount of $100 ... More

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