05 February 1998
National Housing Bank wins second round in battle with ANZ Grindlays The Special Court of Justice yesterday set aside the Rs 912-crore arbitration award in the National Housing Bank-ANZ Grindlays Bank case. ANZ Grindlays won the massive Rs 912-crore award (including interest) against National Housing Bank (NHB) in a securities scam-related case involving the crediting of cheques to Harshed Mehta's account.	Centre imposes anti-dumping duty on 5 categories of catalysts from Denmark The Centre has imposed the "final" anti-dumping duties on five categories of catalysts originating in or exported by Denmark. The duties have been levied under schedule I to chapter 38 and chapter 98 of the Customs Tariff Act, and will be effective from June 20, 1997. First round to EC; fall in nominations Nominations closed for 540 of the 543 elective Lok Sabha seats, with the process coming to an end yesterday in 209 constituencies spread over 13 states and union territories. Although the total number of nominations was still being computed by the Election Commission, reports from states indicated that the number of those contesting the election has shrunk to about one-third this time due to the steep increase in the security deposit which kept away non-serious candidates.
WEEKLY SNAPSHOTS MID: Men in Drag Drag acts in Hindi cinema have been extremely popular over the years. Now more than ever, men in drag are in the news, with a recent spate of films featuring men dressed as women. A look at the new phenomenon of drag appeal. The great car shake-out A fierce blaze has started to sweep across the sub-continent called India. The heat caused by India's reckless concessions to finance and investment firms and by the disregard its economic planners have paid to framing a policy before embarking upon what they described as economic liberalisation is likely to see many enterprises getting roasted on the spit. One of the major casualities could very well be the automobile industry.   TOP STORIES FOR FEB 05 Ad agencies downsize staff to stay afloat Microsoft goes swadeshi, plans to unveil software support in Hindi US pick-axe murderer put to death Figure-conscious Naidu orders voter survey Arms off: Poll booths off-limits for security men, orders EC	Web Posted at 07:15:15 IST ELECTIONS 98 'I'm an indian as long as I breathe,' says Sonia Sonia Gandhi today cautioned the people against attempts by some political parties to divide the nation on communal and regional lines. Stampede at Sonia's rally, 15 injured At least 15 people were injured, five seriously, in a stampede at an election rally addressed by Congress star campaigner Sonia Gandhi at Maharana Bhupal stadium here today, police said. FINANCE Export growth registers only 3.31 per cent growth India's export growth continued to be none too impressive as it registered a mere 3.31 per cent in the first three quarters of this financial year with an estimated exports of $25billion as against $24.2billion in the corresponding period in 1996-97. TRAVEL Indian Airlines flights delayed throughout country The agitation by Indian Airlines engineers demanding for better emoluments resulted in a delay of more than a dozen IA flights An Express view of Elections '98