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Laloo quits, gives Bihar his kitchen cabinet
The multi-crore fodder scam has finally undone Laloo Prasad Yadav, an erstwhile employee of Bihar's Animal Husbandry Department who reached his acme as Chief Minister of the State. In a surprise move shortly after the issuance of an arrest warrant against him, Yadav quit office as Chief Minister to make way for his better half.
Narayanan takes oath as President
A united and strong India in peace and friendship with her neighbours: This is the vision of the country's new President, Kocheril Raman Narayanan. He was sworn in as India's 10th President yesterday by Chief Justice of India J S Verma.
Cong wants its clean leader for V-P
The selection of a Vice Presidential candidate took an interesting turn with the extended meeting of the Congress Working Committee (CWC) suggesting that only a ``consistently loyal Congress leader'' should be selected for the post and Prime Minister Inder Kumar Gujral throwing his weight behind Andhra Pradesh Governor Krishan Kant.
Beleaguered PM gets reprieve with Laloo's resignation
Laloo Yadav's resignation is a reprieve for Prime Minister (PM) Inder Kumar Gujral. It eases the pressure on him now that he does not have to worry about the dismissal of the Bihar government, which a section of the United Front (UF) was screaming for.
Panel for judges demanded NJC
Intelligence Bureau (IB) reports are being used by the Centre to bring down people, observed legal experts while stressing the need for setting up of a National Judicial Commission (NJC) for appointment of judges to the Supreme Court and high courts all over the country.
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Eicher applies brakes on Volkswagen car project
Eicher Motors has put on hold its plans to go in for a joint venture for cars and has, instead, decided to give top priority to manufacturing heavy commercial vehicles (HCVs). Eicher officials, however, refused to confirm if the venture with Volkswagen had fallen through.
Shalimar Paints CEO Maria gets brush-off
Calcutta-based Shalimar Paints Ltd covered itself in a shroud of secrecy after announcing the sudden ejection of president and chief executive officer Vinod Maria.
Nod for AIF subsidiary to pick stakes in two Usha Martin cos.
The Foreign Investment Promotion Board has permitted Asian Telecommunication Investments (Mauritius), a subsidiary of AIF Telecommunication Fund, to pick up equity stakes in two telecom companies of the Usha Martin group - Usha Martin Telekom Ltd and UMTL Holding Company Ltd.
Gilt prices take a tumble on selling pressure by banks
Bulls in the secondary debt market appear to have run their lungs out. Proof of this comes from plummeting security prices on Friday, when gilts across the board bled 15-25 paise. The crash comes after prolonged `overheating' in the securities market which saw prices zooming and yields tumbling, in tango.
Indal seeks change in trade policy
Indian Aluminium Company (Indal) chairman SM Datta has called on the government to change its trade policies by allowing value-adders convert locally-produced alumina into aluminium in power-rich countries or swap it for the metal.
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