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PM, Laloo break bread and split
Last-ditch efforts to avert a split in the Janata Dal have failed as Sharad Yadav's camp rejected the proposal of Chief Minister Laloo Prasad Yadav to defer counting of votes polled on Thursday to elect the new president of the party.
Indians home alone in Chinese Hong Kong
Indians in Hong Kong, numbering some 20,000, are looking forward to deriving some benefit or the other from China's takeover of the territory. About 8,000 of them are in line for the ultimate favour -- a British passport.
Benazir, Zardari in Pak urea scam
The Nawaz Sharif government has finalised a "reference" to be filed in a court shortly against former Premier Benazir Bhutto, her jailed husband Asif Ali Zardari and a leading business house for approving export of 50,000 tonnes of urea to India, allegedly in violation of the law.
DDA gifts prime land to Sterre Sharma's trust
The Delhi Development Authority (DDA) has given away 5.5 acre of prime land in south Delhi at no cost to the three-member Kalakar trust headed by Sterre Sharma, wife of former petroleum minister Satish Sharma. A part of the land now may be put to commercial use.
Amnesty indicts German brutality
German police officers are beating up foreigners as part of a "worrying pattern" of brutality that is often driven by racism, Amnesty International has said.
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DoT, basic operators reach pact on interconnect charges
The Department of Telecommunications (DoT) and basic service operators have crossed the hump on all their disputes. At a decisive meeting yesterday, they agreed that there would be no need to make deposits in advance for interconnection charges.
Navratnas unchained, freedom to borrow, enter into JV
The Union cabinet announced greater freedom for nine select public sector units termed navratnas. "We have redefined the commanding heights of the public sector," Union industry minister Murasoli Maran said.
Standard Industries sells MP textile plant to S Kumars
Unable to cope with mounting losses, the Stanrose Mafatlal group company, Standard Industries, has sold its textile plant at Dewas, Madhya Pradesh, to the Kasliwal-owned S Kumars. The deal is likely to bring Rs 17.4 crore to the coffers of the funds-starved Standard Industries.
Cidco receives 250 bids for 12 Navi Mumbai plans
The City and Industrial Development Corporation (Cidco) has received 250 international bids for the 12 projects to be set up in Navi Mumbai at an estimated cost of over $2 billion. Yesterday was the last date for receiving the bids. Processing of these bids will begin from Monday (July 6).
Banking operations come to a grinding halt
Banking operations were paralysed in the country as more than one million bank employees went on a day's strike in protest against the government's decision to allow establishment of local area banks under the private sector in rural areas.
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