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Gujral, Sharif warm up with new hotline
The "step-by-step" script was followed to perfection as Indian and Pakistani prime ministers yesterday dared to break the ice after nearly a half decade's freeze on relations.
Delhi HC stays JMM bribery case trial
Acting on former prime minister Narasimha Rao's petition, the Delhi high court stayed the proceedings in the Rs 3.5 crore Jharkhand Mukti Morcha (JMM) MPs bribery case where he is one of the accused. Rao has objected to the pardon granted to JMM MP Shailendra Mahato, another accused, under Section 5(2) of the Prevention of Corruption Act.
A bolt from the Blue strikes Kasparov, mankind
Faced with impregnable defence and uninhibited attack from a computer endowed with humongous calculating power, world chess champion Garry Kasparov showed human frailty as he cracked under pressure and lost the final game in a contest billed as a man vs machine face-off.
Media wars mar a lunch for peace
Despite being one of the more exclusive and expensive tropical island resorts of the world, one thing you couldn't complain about was the lack of tension on the summit day.
Iran earthquake toll reaches 4,000
More than 4,000 people were killed in Saturday's earthquake in eastern Iran, according to state television. The Iranian authorities had said previously that around 2,400 people died in the 7.1-degree tremor in Khorasan province and 6,000 were injured.
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ROC issues fresh showcause to RCS on share switch
The Registrar of Companies (ROC) has issued a fresh show-cause notice to Reliance Consultancy Services (RCS), the suspended share transfer agent of Reliance Industries Ltd, following the discovery of new evidence of malpractice in the share-switching episode.
Centre to tap $700 mn line of credit from World Bank
The Centre is all set to clinch a $700-million World Bank line of rural credit, a major chunk of which will be used to recapitalise regional rural banks (RRB). The cost of the 20-year facility, carrying a five-year moratorium, will be pegged at sub-Libor (London inter-bank offered rate) coupon rate.
Pfizer `assigns' Becosules brand to Pune firm
US multinational Pfizer has assigned its key multi-vitamin brand Becosules to Pune-based Omni-Protech Drugs Private Ltd, a part of the Rs 200-crore Emcure group, for a "nominal consideration".
Approval for MMTC to hedge non-ferrous metals on LME
The Reserve Bank of India (RBI) has given its approval to Superstar Trading House of the Minerals and Metals Trading Corporation of India Ltd (MMTC), in principle, for hedging of non-ferrous metals on the London Metal Exchange (LME).
GIC to keep word on Big Value returns
GIC Mutual Fund has decided to pay the promised return to Big Value unitholders by bringing in the shortfall of around Rs 40 crore through a mix of fresh equity and borrowing.
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