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CBI seeks protection to arrest scam bigwigs
The Central Bureau of Investigation yesterday told the Patna High Court that it would not delay "even for a minute" arrests of senior politicians in the fodder scam including Bihar Chief Minister Laloo Prasad Yadav.
Kesri plays prank, clubs Left with Right
The Congress today slammed the Left Front and showed signs of going soft on Laloo Prasad Yadav's Rashtriya Janata Dal in an apparent attempt to split the United Front further.
UF Steering committee meet put off
Prime Minister Inder Kumar Gujral has succeeded in persuading Andhra Chief Minister N Chandrababu Naidu to defer the July 8 steering committee meeting of the United Front. The meeting will now be held on July 17-18.
Bihar Speaker asks for RJD legislators' list
Bihar State Assembly Speaker Deo Narain Yadav said that he will take a decision on the issue of granting recognition to the Rashtriya Janata Dal (RJD) by July 14 when the monsoon session of the House begins.
Cong gets street-smart, plans protest rally
It is all the more unusual since the Congress seems to be finally learning to live with its status as an Opposition party and taking to the streets in protest.
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Volkswagen offers Sicom equity in project
German carmaker Volkswagen (VW) has offered the State Industrial Corporation of Maharashtra (Sicom) a minor stake in its proposed car project. State government officials, however, reiterated that talks were only at an informal stage and a lot of spadework needed to be done before making any commitment.
Nokia Telecom allowed to import mobile handsets
The Centre has allowed international telecom giant Nokia to import cellular phone handsets through its 100 per cent Indian subsidiary, Nokia Telecom Pvt Ltd, for sale in the domestic market. The clearance by the Foreign Investment Promotion Board (FIPB) to Nokia Telecom follows an assurance by Nokia that it would set up a local manufacturing facility for manufacture of cellular phone handsets.
Finolex to raise $30m more via external loans borrowings
Finolex Industries is preparing itself to raise $30 million through external commercial borrowings (ECBs). It raised $9.6 million through external borrowings a fortnight ago.
SAIL loses sleep over Rourkela, Durgapur units performance
The management of the Steel Authority of India (SAIL) was concerned over the performance of the two of its integrated steel plants at Rourkela and Durgapur where the company had invested nearly Rs 10,000 crore for modernisation. The plants had failed to live up to the expectation and the capacity utilisation was much lower.
Divestment panel chief calls for stepping up liberalisation
Divestment Commission chairman GV Ramakrishna called upon researchers in business management to study the implications of globalisation and the impact of economic liberalisation. He stated that the country should be prepared to meet the challenges of globalisation and the process of economic liberalisation should be stepped up.
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