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CBI orders Laloo's arrest
The Central Bureau of Investigation (CBI) was given the go-ahead to arrest former Bihar Chief Minister Laloo Prasad Yadav hours after the Supreme Court rejected his bail plea in the Rs 950 cr fodder scam case. Laloo, however, said that he would surrender before the special court today.
Pawar seeks Central rule in Maharashtra
The Congress party, determined to gain maximum mileage from the Mumbai desecration episode, today continued its tirade in both Houses of Parliament. Party MPs, led by former Chief Minister Shard Pawar, have demanded imposition of President's rule in the state.
Rabri Devi instals mother of all ministries
Bihar Governor AR Kidwai had the look of a marathon runner just past the finish-line after he administered the oath of office and secrecy to 61 new ministers who joined the Rabri Devi cabinet yesterday.
Liberal package for migrants mooted
The three-member sub-committee constituted under the aegis of the Revenue ministry to address the return of Kashmiri migrants has recommended the Jammu and Kashmir government a Rs 2799.
Ban on bandhs brings relief in Kerala
For Kerala, which witnessed three bandhs this month, resulting in a loss of at least Rs 150 crore, the high court declaration of bandh as "illegal" and "unconstitutional" is likely to be a big relief for the common man in the state.
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Ministries at odds over auto kits import
The union government's initiative to evolve an automobile policy governing the import of completely knocked down (CKD) and semi-knocked down (SKD) kits has run into trouble with the finance ministry and the commerce ministry crossing swords over the issue.
FIs moot increase in threshold limit for inducting directors
The threshold exposure limit for appointment of nominee directors by financial institutions (FIs) is being raised to significantly reduce their numbers on company boards. This is one of the key recommendations of the new guidelines being evolved by FIs on nominee directors.
ONGC to bid for onshore drilling abroad
The Oil and Natural Gas Corporation (ONGC) has decided to bid for onshore drilling contracts abroad by using one of its rigs in Assam or Calcutta. For a start, it has identified Bangladesh and Yemen for these assignments and is close to finalising a deal for the former.
ICICI to tap retail market via Rs 600 crore bond issue
Industrial Credit and Investment Corporation of India (ICICI) will tap the retail debt market with a Rs 600 crore bond issue. The issue-with a core size of Rs 300 crore carrying a greenshoe option of another Rs 300 crore-is expected to hit the market in September.
Saab may clinch Rs 900 crore IA deal
Saab, the Swedish aircraft manufacturer, may sell aircraft worth $225 million (Rs 900 crore) to Indian Airlines (IA). IA is slated to make the investment in purchasing fifteen 50-seater aircraft over the next five years. The aircraft will serve IA's regional short-haul routes.
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