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Gujral against sacking Laloo
Prime Minister I K Gujral has made it clear to the United Front leaders that short of dismissing a democratically elected government in Bihar, he would make every other effort to make Chief Minister Laloo Prasad Yadav resign for his alleged involvement in the multi-crore fodder scam.
Arrest all accused in fodder scam: HC
The Central Bureau of Investigation is faced a piquant situation as the special court has declined to pass arrest warrants against the accused in the fodder scam. However, the Patna High Court which is monitoring the case, pulled up the investigative agency for not arresting some of the accused including politicians.
Probe will instil fear in players: Chandrachud
One of Indian cricket's greatest off-field drama reached a conclusive phase when the Board of Control for Cricket in India (BCCI) appointed a one-man inquiry committee of former Chief Justice Yeshwant Vishnu Chandrachud to cut into the heart of the matter.
No compromise on J&K status
India has reiterated that it will not enter into any discussions with Pakistan on the legal and constitutional status of Jammu and Kashmir that had acceded to this country in 1947.
RBI faces flak from panel
The Reserve Bank of India's supervisory role over non-banking financial institutions (NBFCs) as well as banks came in for a critical appraisal at a meeting of the Parliament's Standing Committee on Finance in Delhi yesterday.
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Cabinet may settle for steeper annual hike LPG prices
The cabinet is likely to consider a much higher hike in natural gas prices than had originally been recommended by the TL Shanker Committee. North Block is understood to have pitched its weight behind a much faster alignment of administered prices of gas with market rates.
Fiat Auto asks Price Waterhouse to do due diligence on tie-ups
Fiat Auto of Italy has asked international consultants Price Waterhouse to conduct a due diligence study on its investments in various projects in India.
KPMG Peat Marwick to recast Dena Bank business strategy
Global consultancy firm KPMG Peat Marwick will restructure the business strategy of Mumbai-based Dena Bank by the end of the current fiscal. The public sector bank, which has registered a 41% jump in net profit during 1996-97, has decided to focus on housing finance in a big way.
Taj and Oberoi hike dividends despite signs of weakness
The Taj and Oberoi hotel groups have both jacked up dividends in a dull year for occupancy rates and profits growth, especially in the second half of 1996-97. While net profits for Indian Hotels (the Taj group) rose 4% to Rs 146.88 crore last year, EIH Ltd, the Oberoi flagship, reported a perkier rise of 15% to Rs 138.12 crore.
ECGC hikes export target by 8%
The Export Credit Guarantee Corporation (ECGC) of India expects to increase its business to cover 25% of exports from 17% now, chairman cum managing director Dev Mehta said.
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