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Stop threatening, HC orders Laloo
Janata Dal president Laloo Yadav's bid to hijack the party's presidential polls received a setback with the Delhi High Court restraining him from interfering in the election process.
PM to look into scam RBI role in CRB scam
Prime Minister I K Gujral has agreed to enquire into the role of Reserve Bank of India in giving clearance to CRB group to start a bank. He has also called for a joint meeting of officials from the Union ministries of finance and home over the CRB Capital Markets Ltd fiasco.
FERA charges against four politicians to be dropped
Close on the heels of the acquittal of politicians in the hawala case, the Directorate of Enforcement has decided to drop cases of FERA violations against Narain Dutt Tiwari, Arif Mohammad Khan, Balram Jakhar and P Shiv Shankar in the same case.
No compromise on nuclear sovereignty: PM
Prime Minister Inder Kumar Gujral has made it clear that the government will not succumb to any pressure which would undermine the country's nuclear sovereignty. He added that the government has kept the nuclear options open in the light of developments in the neighbouring and western countries.
Suharto's party set to sweep Indonesian elections
One of the world's longest-serving leaders, President Suharto easily kept his 31-year grip on power on Friday when preliminary results showed that the ruling party won a landslide election victory.
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ICICI may jack up medium-term prime rate
The annual yield-to-maturity (YTM) on Industrial Credit & Investment Corporation's (ICICI) one-year paper has increased by 75 basis points over the last three weeks, from 11.25% to 12%. The annualised YTM on 18-month paper has been jacked up to 12.5%.
LIC investment exposure limit may be cut to 60%
The Union finance ministry is expected to reduce the proportion of mandatory investment by Life Insurance Corporation to between 55% to 60% from the existing 75% level.
Gujral to offer options on petro-price hike
Prime Minister Inder Kumar Gujral yesterday said that he would offer three to four options on the issue of petroleum price hike at the United Front steering committee meeting on June 8.
HFS, CUC International merge to form $4.3-billion monolith
HFS, the global leader in the time share industry has merged with CUC International, a Fortune 500 company. Under the new arrangement, both the companies will have rotating CEOs in a tax-free exchange of shares.
Integrated Enterprises drafts merger swap deal
Integrated Advisory Services Ltd (IASL), which is to be merged with Integrated Enterprises (India) Ltd, plans to offload its portfolio in a unique fashion, by offering 20 lakh shares of Shriram City Union Finance Ltd (SCUF) as consideration.
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