Motor insurance

MUMBAI: A three-judge division bench of the Calcutta high court has granted a partial stay on the directive of justice Satyabrata Sinha on third-party motor premium and on the reconstitution of the Tariff Advisory Committee (TAC).

HPCL dues

MUMBAI: Hindustan Petroleum Corporation (HPCL) will kick off the exercise of finalising a foreign partner for its west coast project only after settling dues with the OOC.

Coal row

NEW DELHI: The ongoing fuel supply wrangle between Coal India Ltd and Hinduja National Power Corporation Ltd will come up before the cabinet high-power board on Friday.

The power producer refused to sign on the dotted line even after the union cabinet approved the tenets of the fuel supply agreement in March, as some of the terms decided on at that meeting were not in tune with what it had demanded.

Aviation loans

CHENNAI: In a major volte face, the Reserve Bank of India (RBI) has decided not to issue fresh norms for loans to the aviation industry.

Earlier, the apex bank had assured airlines that it would formulate new guidelines for more flexibilty to commercial banks to grant loans.

The airlines expected the guidelines would bring the industry under the purview of the "directed sector".

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.