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Indo-Pak talks close to final agreement
Indo-Pak talks on normalising relations made considerable progress yesterday and the two sides were close to a successful conclusion, leaders of both delegations said.
Fodder charge-sheets likely today
In a significant development, Central Bureau of Investigation (CBI) Joint Director (East) U N Biswas called on Bihar Governor A R Kidwai in connection with the Rs 950-crore fodder scam.
JDLP stands by Laloo Yadav
Janata Dal Legislature Party (JDLP) members have reiterated their unflinching faith in the leadership of Laloo Prasad Yadav, who vowed to fight to the last saying, ``I am not going to resign even if hanged.''
Out-of-turn govt house allotments regularised
President Shanker Dayal Sharma has promulgated an ordinance to regularise out-of-turn allotment of government houses to about 1,800 government employees, nullifying a Supreme Court order to evict them.
UK wins G-7 support over Hong Kong
The Group of Seven rich nations and Russia expect China to uphold its commitment to preserve civil liberties in Hong Kong when it regains control of the British colony on July 1.
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Tarapore panel endorses prosecution of ex-Indian bank chief
The advisory board on bank frauds, headed by former Reserve Bank of India deputy governor S S Tarapore, has endorsed the Central Bureau of Investigation (CBI) decision to prosecute former Indian Bank chairman M Gopalakrishnan on account of being prima facie guilty of paying higher interest to a public sector client.
ONGC ropes in Norwegian company to increase output at Bombay
The Oil and Natural Gas Corporation (ONGC) has roped in PGS (formerly Petroleum Gas Services) of Norway to conduct a 3D seismic survey programme at Bombay High. The contract, valued at $50 million (Rs 180 crore), was formally signed on Friday by top officials of ONGC and PGS.
ITC Classic liabilities swell to over Rs 400-cr
The combined liabilities and losses suffered by ITC Classic Financial Services in 1996-97 have been put at over Rs 400 crore, according to fresh estimates made recently. The estimate does not include the outgo on fixed deposits maturing this year.
Oil India puts float on hold, to raise Rs 250 cr via debt
Public sector Oil India Ltd (OIL) has put its proposed public issue on hold, taking a cue from the Disinvestment Commission, and has advised the centre not to offload its shares till the administered price mechanism (APM) was dismantled. Meanwhile, the company plans to raise its projected resources shortfall of Rs 250 crore through the debt route.
SBI labour front simmers with move to form second Sena union
The Shiv Sena's decision to formally enter the State Bank of India by floating a State Bank Karmachari Sena (SBKS) has put the existing union in the bank's Mumbai circle -- the SBI Employees' Union (SBIEU) -- in a spot.
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