THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Thursday, November 02, 2000

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Page One

It's a new guard at North Block -- E.A.S. Sarma to quit
THE Government's decision to effect a change of guard at the Finance Ministry as part of the major reshuffle of Secretaries of key economic Ministries announced late on Tuesday night is being viewed in official circles as something much more than a routi ne affair.

SEBI seeks joint hearing in Herbertsons dispute
THE Securities and Exchange Board of India has issued a directive for calling a joint hearing on the share acquisition case of Herbertsons Ltd, involving a row between Mr Kishore Chhabria and Mr Vijay Mallya for the control of the company.

Till submission of final technical proposal -- AI bidders allowed to change partners
THE prospective bidders for Air India (AI) would be allowed to change their joint venture partners/ consortium members or include new members in the consortium till the time of submission of the final technical proposal. It would be subject to the prior approval of the Indian Government.

SIA crash: AI may not face liability
AIR India is unlikely to face any liability on account of the crash of the Singapore Airlines aircraft, while on a scheduled codeshare flight to Los Angeles in Taiwan late Wednesday night, according to senior AI officials.

Exide to suspend submarine battery production at Haldia
EXIDE Industries Ltd has decided to suspend the production of submarine batteries at its Haldia factory. The batteries will now be produced at the Kanjurmarg plant near Mumbai.


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