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Rao blames Rajiv for St Kitts row
The St Kitts forgery case took a sensational turn on Wednesday with counsel for then External Affairs Minister P V Narasimha Rao, asserting that whatever his client had done in the matter, was done at the instance of the late Prime Minister Rajiv Gandhi.
Decision on Laloo's fate only after CBI clarification: Kidwai
Bihar Governor A R Kidwai yesterday said he would take a decision on according a sanction for prosecution of Chief Minister Laloo Prasad and others in the fodder scam "only after receiving clarification from the Central Bureau of Investigation (CBI)".
DMK demand bares fissures in UF over women's quota Bill
Differences within the United Front over the Women's Reservation Bill sharpened further yesterday with the Dravida Munnetra Kazhagam (DMK) also voicing the demand for providing quotas to women of backward classes and minorities within the proposed 33% reservation and the Communist Party of India (CPI) rejecting demands for a conscience vote on the measure.
Power-sharing, of a different kind
Quiet efforts to get India and Pakistan to cooperate in the energy sector have been afoot for a while. The decision to buy excess hydel power generated from the Indus river project has now been given sanction following a formal agreement for sharing natural resources signed by the SAARC members in Maldives.
Victory due to Anwar's knock: Raja
An elated Pakistan captain Rameez Raja attributed his team's superb 35-run win over India in the Pepsi Independence Cup to opener Saeed Anwar's world record knock of 194.
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RBI seeks CRB Caps liquidation
The Reserve Bank of India (RBI) on Wednesday filed a petition in the Delhi high court seeking the winding up of CRB Capital Markets and the appointment of an official liquidator. The case will come up for hearing on Thursday.
SEBI freezes CRB Mutual assets
Markets regulator Securities and Exchange Board of India (SEBI) has ordered a freeze on the assets of CRB Mutual Fund. It has asked IIT Custodial Services Ltd, the custodian of CRB Mutual Fund, not to dispose of any of the securities held in the portfolio of its only scheme, Arihant Mangal.
ITC to don corporate governance mantle
The ITC board has decided to adopt corporate governance, making it the first professionally managed company to do so. A management committee comprising executive directors and heads of key divisions for its implementation will be set up soon.
Bridgestone to hike stake in venture with ACC
Global tyre giant Bridgestone is hiking its stake in Bridgestone ACC India from 51 to 64 per cent, while Mitsui of Japan is picking up 10 per cent. This will result in a sharp reduction in ACC's equity stake from 49 per cent to 26 per cent.
CII team lists capital goods sector woes
Larsen & Toubro, Kalyani Seamless Tubes and Bharat Heavy Electricals are among a long list of companies which could be in deep trouble following the budget proposal of nil import duty on capital goods for refineries.
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