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Laloo may seek Congress support
Bihar Chief Minister Laloo Prasad Yadav has said that he was not averse to seeking Congress support for the survival of his government in a showdown in the monsoon session of the Assembly, beginning on July 14.
Gujral gasps, seeks to defer Steering Committee meet
After failing to bring the two Yadavs together, Prime Minister Inder Kumar Gujral is busy persuading United Front (UF) leaders to defer the Steering Committee meeting "until the water finds its level".
Sharad Yadav elected JD chief
The truncated Janata Dal (JD) got its president yesterday. In an election which was called a farce by his critics and which led to the split of his party, Sharad Yadav polled 691 out of the 758 votes.
Ultras infiltrate Kashmir Govt machinery
Exposures about the hand of officials and policemen in recent insurgency-linked events in Kashmir have unnerved the Government regarding the extent of infiltration by militants into sensitive Departments in the State.
Sampras tramples Pioline for fourth title
Poor Cedric Pioline. He came in the way of a player looking for a special place among the pantheons of the sport. And, after one hour and 34 minutes, the Frenchman finished in shock and despair, trampled upon by someone who is well on his way to rewriting tennis history.
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PSU banks move towards dual PLRs
The public sector banking industry is in the process of introducing two sets of prime lending rates to protect shrinking spreads following the successive rate cuts over the last one year. State Bank of India has already introduced its new PLR rate.
Godrej Soaps regains direct control of Godrej HIcare
Godrej Soaps has resumed direct control of Godrej HI care, its 60:40 joint venture with Sara Lee Corporation. This follows its acquisition of the near-50% stake in HIcare held by Puran Plastics & Chemicals, a 100% subsidiary of Godrej Soaps. PPCL's assets have been liquidated and the assets transferred to Godrej Soaps.
Gujarat claims gas rights, calls for global bids
The petroleum ministry and the Gujarat government are headed for a tussle in the matter of awarding prospecting licences for coal-bed methane gas. Both sides are preparing separately to invite global bids for exploiting the gas in coal and lignite-bearing areas.
IOC hard pressed to settle dues with ONGC
The Indian Oil Corporation will be hard pressed to settle its dues of Rs 1,100 crore to the Oil and Natural Gas Corporation. The payment relates to crude purchases between November and April this year for which deferred credit was sought for six months.
Sixty Four GDRs gain on active FII participation
Active participation of FII investors at the local markets, saw about $8 billion funds flow into the domestic bourses, with the net effect that the 64 GDRs gained an average 1.07% and on the contrary their underlying shares gained
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