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Threat of split hovers over JD
The crisis within the Janata Dal has deepened with president Laloo Prasad Yadav openly assessing his support within the party, leading to speculation that he was preparing to carry out his threat to split the party.
Pawar, Pilot still adamant on contest
Hopes of hammering out a consensus within the Congress party on the choice of a new party president have dimmed considerably as none of the three contenders -- Sharad Pawar, Rajesh Pilot and Sitaram Kesri -- showed any sign of bowing out of the race.
Mayawati in a spot over SP men arrests
Union home minister Indrajit Gupta's letter to the Uttar Pradesh government has come as a slap in the face of the Mayawati regime. He has demanded to know why only Samajwadi Party leaders with criminal records were being arrested while partymen facing similar charges in the ruling Bharatiya Janata Party and Bahujan Samaj Party were roaming scot-free.
Joginder to challenge House privilege on scam reports
In his draft reply to the privilege notice issued by Parliament on the Bofors case, Central Bureau of Investigation director Joginder Singh is understood to have written that the CBI is required to submit its report only to a court of law and not to Parliament.
Enthusiasm runs low at President's meet
Governors and leaders of political parties will meet President Shanker Dayal Sharma today and tomorrow to discuss ways of dealing with situations when elections fail to throw up a clear mandate.
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ICI seeks parent's funds to buy HLL speciality chem business
ICI India's board will take a final decision on a buyout of Hindustan Lever's (HLL) speciality chemicals division in a followup to its parent Imperial Chemical Industries Plc's worldwide purchase of Unilever plc's operations in this sector.
MSEB seeks first class voting power for Dabhol stake
The Maharashtra State Electricity Board has made it clear that it would not like to be a second rate voting power once it buys 30% of the Dabhol Power Company.
Counter guarantees for power units may lower credit rating: MoF
The Union finance ministry fears that central counter-guarantees to fast-track power projects will lead to a downgrading of the country's credit rating.
Mangalore Refineries to float Rs 726-crore debentures
Mangalore Refineries and Petrochemicals plans to float fully convertible debentures (FCDs) aggregating Rs 726 crore. The promoters, the AV Birla group and Hindustan Petroleum Corporation, who hold 26% equity each in the project, will subscribe equally to the FCDs.
Funds post huge losses, erosion in NAV
Mutual funds have gone from bad to worse. The combined loss on sale of investments of four funds comes to a staggering Rs 149.38 crore in 1996-97 as against a mere Rs 21.69 crore in the previous fiscal.
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