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Gujral to expand cabinet today
Prime Minister Inder Kumar Gujral plans to expand his cabinet with all women. The move is seen as an attempt to win the goodwill of urban middle class women, particularly after the trouble the bill to provide 33% reservation to them in the Lok Sabha and state legislatures, has run into.
Showdown inevitable as Laloo, Sharad Yadav remain adamant
With the two Janata Dal leaders Laloo Prasad Yadav and Sharad Yadav refusing to budge from their respective stands on the last day of withdrawal of nominations, a showdown between the party's two presidential aspirants now seems inevitable.
Consensus takes a backseat as Congress contest hots up
Battlelines have been formally drawn for the election of the Congress president with Sharad Pawar announcing a major programme including assembling at Ayodhya and a review of the economic policy, and Sitaram Kesri suing for peace in the week before the votes are cast.
Maharashtra not to take Naidu's charges lying down
The saffron alliance government in Maharashtra has decided to take the bull by the horns in the face of the latest offensive launched by Andhra Pradesh Chief Minister Chandrababu Naidu charging the Maharashtra government of violating the Krishna water dispute tribunal award.
15 more bogus CRB companies surface
Even as regulatory agencies like the Reserve Bank of India and the Securities and Exchange Board of India continued the exercise of passing the buck over fund diversion by various CRB group companies and issuing of bank licence, 15 more companies floated by C R Bhansali of the CRB group for fund diversion have come to light.
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IDBI plans to storm fixed deposits market
IDBI has planned a concerted attack on the fixed deposit market by going the whole hog in terms of offering investor lures: loans against deposits, premature withdrawal facilities, and even paying brokerage.
PAL-Peugeot out of car kits; seeks reprieve on exports
Pal-Peugeot, the joint venture company of Automobiles Peugeot and Premier Automobiles, is fast running out of CKD (completely knocked down) kits at its Kalyan plant north-east of Mumbai even as the Directorate General of Foreign Trade (DGFT) continues to remain mum on the import licence issue.
Ministry objects to Ispat plea
The Union coal ministry has raised objections to the proposal of Ispat Industries to register the holding company for its coal mining and power generation ventures in Mauritius. The ministry has referred the proposal to the Union ministry of law.
Banks seek RBI nod to hike exposure limit in Haldia Petrochem
The consortium of 17 Indian banks have sought Reserve Bank of India's approval to take its total exposure to Haldia Petrochemicals project to Rs 1,150 crore. The consortium will meet on June 6 to adopt the financial closure for their exposure to the Rs 5,200 crore project.
BSE declares 40 CRB group shares as bad deliveries
The Bombay Stock Exchange has informed its investors that shares of all the 40 companies linked to the CRB group will be treated as bad delivery with immediate effect.
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