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

Monday, July 02, 2001

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Page One

 Union Cabinet recommends recall -- TN Governor resigns
THE Tamil Nadu Governor, Ms Justice M. Fathima Beevi, has tendered her resignation. This is an apparent reaction to the Union Cabinet's decision earlier in the day to recall the Governor.

 `Murder of democracy, Constitution' -- NDA team for sterner action
THE three-member NDA team led by Mr George Fernandes, former Defence Minister, has decided that the situation in Tamil Nadu calls for something more than the mere recall of the Governor.

Reliance willing to withdraw one set of cellular bids
RELIANCE is willing to withdraw one set of bids for fourth cellular licences in 15 circles, if so required by the Department of Telecommunications (DoT).

Bankruptcy proceedings -- ITC accepts new Chitalias' offer
ITC Ltd has accepted the fresh offer made by the US-based Chitalias -- Mr Suresh Chitalia and Mr Devang Chitalia -- who have scaled down their claims for exemption of some of their assets in the bankruptcy proceedings before the Florida Court.


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