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Gujral takes Left punch over RJD
I K Gujral denial to sack three pro-Lalloo ministers raised severe from the Left parties over the privatisation of private channels.
Punjab train blast kills 33
At least 33 persons were killed and 67 others injured when a powerful device ripped through a bogie of Sri Ganganagar-Ambala 336 Down passenger train here this afternoon.
Deliberations on Article 356 come to nought
With a consensus eluding the latest round of inter-state deliberations over safeguards in the Constitution on Article 356, the final decision on prevention of misuse of emergency powers has been deferred to the next meeting of the full Inter-State Council on July 17.
Gujral to attend Asean meet
Prime Minister I K Gujral will make an unprecedented visit to Malaysia towards the end of the month, to attend a meeting of the Asean Regional Forum (ARF), a security organisation that consists of the world's major powers.
NATO dawn over East European members
In the single largest expansion of the Western alliance in its 48-year-old history, NATO today formally invited Hungary, Poland and the Czech Republic to join it. It opened a historic summit that will convert old foes into new partners.
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Shaw Wallace to prune Calcutta staff strength by 70 per cent
Shaw Wallace & Co has decided to slash the workforce at its headquarters by almost 70% through a voluntary retirement scheme. The company will work out similar schemes for other locations throughout the country at a later stage.
Banks set to book losses on FCNR(A) redemption
The banking industry is set to book a substantial loss on the FCNR(A) scheme, the last tranche of which will be redeemed on August 15.Industry sources said banks might end up booking a loss of at least Rs 375 crore.
BSES likely to increase borrowing limit to Rs 3,000 crore
BSES is planning to hike its borrowing limit to Rs 3,000 crore from the present Rs 2,000 crore. It proposes to to raise the debt amount through issue of infrastructure bonds in the domestic market and yankee bonds.
ITC severs ties with auditors Lovelock & Lewes
ITC Ltd is believed to have snapped ties with statutory auditors Lovelock & Lewes, the Indian associate of Coopers & Lybrand. The Rs 6,000-crore tobacco giant is likely to appoint SB Billimoria & Co as its statutory auditor.
Imported yarn, fabric to be stamped
The Centre has decided to set right the discrimination between imported and domestic textiles by mandatorily stamping fibre content, name of the manufacturer and date of manufacture on imported fabrics and yarns.
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