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Kesri begs Sonia to lead Cong
Congress president Sitaram Kesri yesterday virtually handed over the organisation to Sonia Gandhi pleading with her repeatedly to "end her sanyas and lead the party and the country in a new direction".
Cong will return, roars Kesri
Congress president Sitaram Kesri yesterday set the agenda for the party's return to power at the Centre in an impassioned speech peppered abundantly with thumping the podium, and even roaring at one point, in his official address to the 80th party plenary session.
Mamata splits West Bengal Congress
With a statue of a pensive Mahatma Gandhi in the background and an overcast sky above, a near-hysterical Mamata Banerjee split the West Bengal unit of the Congress party with the formation of her Grassroot Congress Committee yesterday.
Khurana's future course of action remains undeclared
Madan Lal Khurana, who resigned from the vice presidentship of Bharatiya Janata Party, has postponed a "major announcement" on his future course of action which he was to have made yesterday.
City relives historic episode
Evoking the spirit of the freedom movement, freedom fighters, accompanied by hundreds of school children, marched through the streets of Mumbai in the early hours of the morning in a nostalgic re-enactment of prabhat pheris undertaken to awaken the people's consciousness more than fifty years ago.
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FIPB defers VST proposal to hike BAT equity stake
The Foreign Investment Promotion Board yesterday deferred tobacco major VST Industries Ltd's proposal to increase the foreign equity stake in the company held by two subsidiaries of the UK-based BAT up to 50% from the present level of 31.73%.
Apollo Tyres mulls ECB to slash capital costs
The Rs 1,400 crore Apollo Tyres Ltd is considering external commercial borrowing and short-term low cost debt instruments to bring down the cost of capital in the current financial year.
FIs nominee to play key role in SWC poll
The financial institutions'nominee on the board of Shaw Wallace & Co is likely to play a crucial role at Sunday's poll on the resolutions of the company's annual general meeting. The key ordinary resolution relates to the passing of the audited accounts.
Shaw Wallace plans Rs 150 cr rights issue
The Manu Chhabria-controlled Shaw Wallace & Co has sought the approval of the Company Law Board for a Rs 150 crore rights issue, aimed at bailing the country's largest liquor maker out of its present funds crisis.
Lakshmi Mittal aims to become world's largest steelmaker
The Lakshmi Narayan Mittal group plans to become the world's largest steelmaker by the year 2010. The group, which produced six million tonnes of steel in 1996, has sales of $2.75 billion, a cash flow of $400 million, assets of $6 billion and operations in nine countries.
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