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Forty killed as quake flattens Jabalpur
Large areas of central Madhya Pradesh, especially Jabalpur, were rocked by an earthquake that jolted people out of their beds at 4.22 am yesterday. Assessment of the extent of the devastation kept changing as the day wore on but some 16 hours later, the quake had left at least 40 people dead, injured over 1,000 and rendered thousands of them homeless.
Pilot too in fray for Cong chief's post
The announcement of Rajesh Pilot's entry in the contest for Congress presidentship and former Andhra Pradesh Congress chief V Hanumantha's hunger strike outside the AICC headquarters in protest against "attempts to hijack the organisation by a faction" were the main developments in the ongoing struggle for hegemony in the Congress party yesterday.
CBI may register cases in pump allotment scam
The Central Bureau of Investigation (CBI) yesterday told the Delhi high court that it has almost completed the probe into allotment of petrol pumps and LPG dealerships from former petroleum minister Satish Sharma's discretionary quota and is contemplating registration of a regular case against the accused.
Enough evidence to charge Rao in St Kitts case: CBI
The Central Bureau of Investigation (CBI) has told a Delhi court that there was "enough" evidence on record to frame charges of criminal conspiracy and forgery against the accused -- including former Prime Minister P V Narasimha Rao -- in the St Kitts forgery case.
US watch list includes 96 Indian firms
Dozens of Indian public sector and private sector firms are on a US administration watch list for their alleged role in enhancing India's missile programme. Bharat Dynamics, Bharat Heavy Plates and Vessels, Hindustan Machine Tools, Bharat Heavy Electrical Ltd, Godrej and Boyce, Walchandnagar, and Larsen and Toubro are just some of the companies being monitored by the Clinton administration for their role in missile proliferation.
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Banks asked to show tax outgo, net NPAs in accounts
Reserve Bank of India (RBI) has called for additional `disclosures' in bank balance sheets. For the first time, all commercial banks have been directed to mention the exact amount provided for depreciation in investments, non-performing assets and even income tax in their annual accounts.
DoT lines up slew of sops for basic service operators
The Department of Telecommunications (DoT) has proposed major financial concessions, including a reduction in the amount of bank guarantee (FBG) and a waiver of penal interest, to basic operators though it rejected a number of technical issues.
High court orders appointment of liquidator
The Delhi high court has ordered the appointment of an official liquidator to take charge of the assets of the beleaguered CRB Capital Markets and restrained the management of the company from disposing of any of its assets.
AP state corporation bid to seize CRB assets
The Andhra Pradesh Ind-ustrial Development Corporation (APIDC) has moved in to seize the properties of CRB Capital Markets to recover its dues.
CBI sets up special wing for probe
The Central Bureau of Investigation (CBI) has formed a special team led by deputy inspector general (banking frauds cell) Arup Patnaik to conduct investigations into the affairs of the CRB Capital Markets group.
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