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RBI puts lid on Catholic Syrian impasse; spikes share transfer
The Reserve Bank of India (RBI) has quashed the Bangkok-based Sura Chansrichawla-led Siam Vaidya group's attempt to take over the Thrissur-based Catholic Syrian Bank (CSB). It has for the second time rejected a proposal from the bank's board of directors to transfer a controlling stake of 36.23 per cent to the group.

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Death rap for 26 accused in Rajiv case
All the 26 accused, including four women, arrested in connection with the assassination of former Prime Minister Rajiv Gandhi were sentenced to be hanged to death by a designated court today. However, the death sentence is subject to confirmation by the Supreme Court. All the accused -- 16 Sri Lankans and 10 local Tamils guilty of the conspiracy to execute the extraordinary plan hatched by LTTE supremo Vellupillai Prabhakaran to engage a suicide bomber to detonate an explosive concealed in her waist belt.

Disinvestment Commission may suggest winding up in April
Members of the Disinvestment Commission may recommend the winding up of the panel after the submission of its sixth and last report some time in April. The commission will have virtually no work after submitting its sixth report which will cover eight to nine public sector undertakings. The commission, has only recently been divested of its powers to recommend broad policy measures and monitor the process of disinvestment.
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