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Insurers clamp war-risk premium on foreign ships
Mumbai: Overseas marine
insurers have clamped an additional 0.1-per cent war-risk premium on all
foreign vessels calling at ports on the west coast, including Kandla, Mumbai
and Jawaharlal Nehru Port Trust.
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Im
open to talks with Tatas on VSNL: Mahajan
New Delhi: Union Communications Minister Pramod Mahajan has softened his
stand on Videsh Sanchar Nigam Ltd, stating that he is open to talks with the
Tatas to resolve the controversy surrounding its decision to invest in Tata
Teleservices.
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Uncle
Sam to look over students' shoulders
Mumbai: Indian students planning to pursue academic interests in the US
should be prepared for some tough monitoring by the US government.
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Air
France cancels flight for two days
New Delhi: Air
France has cancelled its flight on the New Delhi-Paris sector for June 7 and
10, days after the French Government asked its citizens not to travel to India.
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No delay from
our side on sell-off: DCA
New Delhi: Denying
suggestions that it has dragged its feet on the disinvestment process, the
department of company affairs has said it sees itself as a key ally in speeding
up of the entire process.
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SMEs urged to
take up ICAI-prescribed norms
New Delhi: Small and medium enterprises (SMEs) in India, many of which
operate in emerging sectors, need to pay special attention to accounting
standards prescribed by the Institute of Chartered Accountants of India (ICAI).
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Violations
by individual members: ICWAI
New Delhi: The Department
of Company Affairs is examining the response of the Institute of Cost and Works
Accountants of India to the show-cause notice issued to the institute's council
for violation of some Government's directives.
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New pvt
banks outsmart NBFCs on truck financing
Mumbai: Non-banking
finance companies hold on the lucrative truck financing business is
weakening. The new generation private sector banks, recent entrants, are
pushing NBFCs to a corner by offering loans at much cheaper rates.
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Depositors
rush to ATMs on GTB collapse talks
Mumbai: Rumours
about the collapse of Indias first private sector bank in GTB triggered a
panic-like situation in Hyderabad late on Wednesday resulting in the account
holders rushing to ATM centres in the twin cities to withdraw cash to the
maximum.
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SEZs
can buy non-life covers overseas
Mumbai: In
a bid to provide global standard financial services, the centre has changed
regulations to allow special economic zones to buy non-life insurance policies
from overseas insurers.
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Central
Bank net up 251% at Rs 163 crore
New Delhi: Backed
by Rs 318 crore of profit from treasury operations, Central Bank of India has
reported a 251 per cent rise in net profit at Rs 163.30 crore for the fiscal
ended March 31, 2002, compared to Rs 46.46 crore in the previous fiscal.
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Cuttack
Bank seeks CBI probe into UTI Bank role in scam
Bhubaneshwar: The
Cuttack Gramya Bank, which has been hit by the Home Trade scam, has filed an
FIR with the CBI urging the countrys top investigating agency to look into
the role of UTI Bank, Kolkata in the scam.
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MFs
shelving dividend plans
New Delhi: The dividend option in liquid funds seems to be a dying
breed, a consequence of the last Union Budget. In ones and twos, mutual funds
are shelving the dividend plans available under their very short-term options.
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UTI
chief meets FM
New Delhi: With the government
support for bridging the shortfall in its assured return schemes round the
corner, Unit Trust of India (UTI) chairman M Damodaran met Finance Minister
Yashwant Sinha here on Thursday.
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