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Laloo moves bail plea
With the Central Bureau of Investigation (CBI) all set to issue charge-sheets in the Rs 950-crore fodder scam, Bihar Chief Minister Laloo Prasad Yadav yesterday filed papers for anticipatory bail before the special court.
SC appoints Dandavate, Reddy to conduct JD poll
The Supreme Court (SC) has appointed two senior Janata Dal (JD) leaders -- Planning Commission Deputy Chairman Madhu Dandavate and Information Minister Jaipal Reddy -- to conduct the delayed elections to the post of party president before July 3.
India wooing foreign nuclear companies to set up shop
Throwing open the nuclear energy sector to foreign companies, the government has asked the B K Modi group to submit a detailed proposal to set up a nuclear power plant in collaboration with "Electricite de France".
Narayanan to file papers today
Vice-President K R Narayanan's nomination papers for the post of President are to be filed today at noon, even as former Chief Election Commissioner T N Seshan filed his papers yesterday as a Shiv Sena-backed candidate.
Kesri rewards Prasada with deputy's post
Congress president Sitaram Kesri has appointed Uttar Pradesh Congress Committee (UPCC) president Jitendra Prasada as his number two, thus taking the first step towards tighter control of the organisation.
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Reliance to break bonus issue drought
Dhirubhai Ambani has kept his promise to shareholders made at the Reliance Industries' last annual general meeting. In a notice to stock exchanges, Reliance Industries has announced that its board will meet on June 26 to consider the issue of bonus shares.
Daewoo to launch 5 new vehicles in 12 months
Daewoo Motors India is all set to challenge the dominant position of Indian auto majors like Maruti Udyog, General Motors India and Mahindra & Mahindra by launching five new vehicles in the next one year.
SBI strike called off as management offers compromise
The State Bank of India (SBI) officers' strike planned on Thursday was called off following a late night agreement between the SBI officers' federation and the management on Wednesday. The federation has also called off its five-day agitational programme after the management agreed to reinstate deputy manager MM Narang, one of the three SBI officials suspended in the CRB scam case.
Mutual funds face SEBI adjudication for violations
The Securities and Exchange Board of India will soon issue adjudication orders to three mutual funds for violations of various regulations including inter- and intra-fund transfers, back office work and failing to maintain arms length relationships between the sponsors and the fund managers.
DoT may alter network connection rules
The Department of Telecommunications (DoT) is considering relaxing its norms restricting the interconnection of two separate networks. Two important cases concerning the Indian capital markets are among the factors that have led to a rethink on the part of DoT.
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