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Rains, depressions bring Mumbai to a halt
Depressions took a toll of two cities -- Mumbai on the west coast and Midnapore on the east coast. A revival of the monsoon in western Maharashtra with the depression hovering over east Madhya Pradesh adjoining Vidarbha virtually cut off Mumbai from the rest of the country. Another over Bay of Bengal ravaged Midnapore.
India, Pak join hands to ward off attack from NGO hawks
A tragi-comedy unfolded in Geneva this week. India and Pakistan, normally at each other's throats at United Nations' human rights debates, buried their respective propaganda machines and held hands together in the presence of non-governmental organisations, including some that both countries pay and maintain as part of their propaganda machinery.
Gujral issues order to stop insider trading in foreign posti
The penchant for foreign assignments displayed by personal secretaries of Union Ministers has forced Prime Minister I K Gujral to issue a blanket order that no personal secretary will be considered for foreign postings.
Govt in dilemma over HC judge's travel expenses
The government is in a dilemma over the controversy involving a sitting Madhya Pradesh high court judge's travel bills. Questions have been raised whether these expenses, running into lakhs, are for official or personal travel.
Rupee falls to Rs 36.50 against the dollar
The Reserve Bank of India (RBI) on Friday entered the market to sell dollars after the rupee plunged to Rs 36.50 against the dollar in Delhi and Calcutta. This is the first time in the last 18 months that the central bank has entered the foreign exchange market to sell dollars and prop up the rupee.
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Asian Paints board says no to ICI
The board of directors of Asian Paints (India) Ltd on Friday decided to reject the transfer of 36.66 lakh shares in the name of ICI plc, terming the latter's stake acquisition from managing director Atul Choksey as "unfriendly, unwelcome and in nobody's interest". Choksey himself has resigned from the board.
Promoters to sign shareholder pact to prevent another Chokse
The three remaining promoters of Asian Paints -- the Choksis, the Danis and the Vakils -- have decided to enter into a new shareholding agreement to prevent the occurrence of another crisis like the one precipitated by the decision of Atul Choksey to sell his stake to ICI plc.
Rupee dips to 36.50; RBI to the rescue
The Reserve Bank of India has entered the market to sell dollars after the rupee plunged to Rs 36.50 against the dollar. This is the first time in 18 months that the apex bank has entered the market to sell dollars.
Sensex crashes 102 points on heavy selling by institutions
Stocks plummeted for the second day running with the 30-share BSE sensitive index shedding almost 190 points in the last two trading sessions.
TRAI quashes DoT petition seeking review of fixed-to-mobile
Disposing of the petition filed by the department of telecom, the Telecom Regulatory Authority of India (TRAI) has ruled that there was no need to review its order dated April 25, 1997, on the question of imposition of tariff for intra-circle calls from PSTN (public switched telephone network) to mobile cellular phones.
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