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PM seeks fresh report on riots
The Union government has come down heavily on the Maharashtra government for the recent attack on Congress leader Chhagan Bhujbal and decided to seek a fresh report on the recent violence in Mumbai.
US firm prosecuted for hi-tech exports to India
The American non-proliferation police has struck again. Not satisfied with putting Indian scientific establishments like the Bharat Electronics (BEL) and Bhabha Atomic Research Centre (BARC) on its watchlist, the Clinton administration has now begun prosecuting US firms doing business with Indian entities.
Humble farmer is back in business, sowing seeds of dissent
Three months after he demitted the office of Prime Minister, H D Deve Gowda is proving to be the focal point of the anti-Inder Kumar Gujral lobby under the United Front umbrella. The Gowda-led group has caught the Prime Minister on the wrong foot on the Laloo issue.
Surjeet flays DMK's soft corner for RJD
Reacting strongly to the DMK's support to Laloo Prasad Yadav's Rashtriya Janata Dal (RJD), CPM general secretary Harkishan Singh Surjeet has said DMK chief M Karunanidhi's stand can only "damage the prestige of the United Front".
Ind Bank may get only Rs 1,000 cr
Indian Bank may not get more than Rs 1000 crore as recapitalisation fund during the current financial year. The Department of Banking will decide on the exact amount only after presentation of the revival package by the bank's management.
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HLL eyes Rossell gardens via Jokai stake
Hindustan Lever (HLL), the soaps and personal products giant, is considering a proposal to buy UK-based Jokai Tea Holdings Plc, which has the majority stake in YK Modi's Rossell Industries. The acquisition of Jokai would give HLL control over Rossell Industries.
Three-tier supervisory framework to regulate NBFCs formulated
The Reserve Bank of India has formulated a three-tier supervisory framework to regulate non-banking finance companies (NBFCs). The three tiers are off-site monitoring, on-site inspection and extensive external audits.
Air India-Singapore Airlines pact takes off
The governments of Singapore and India have concluded a new bilateral air services agreement, allowing the aviation sectors of both countries to expand their capacity by 40% over 3 years and making available a code-sharing arrangement for their respective airlines.
Dhanuka moots exclusive powers for SEBI, Centre
The Dhanuka Committee has among other recommendations put forth, called for the Securities Contract Regulation Act (SCRA) to confer exclusive power to the Securities and Exchange Board of India (SEBI). It also further says that the Central government retain powers only to make rules as per Section 30 of SCRA while SEBI be conferred with the authority of delegating powers.
JK to appeal against SEBI order to revise offer for Vikrant
The takeover of Vikrant Tyres by JK Industries has taken a new turn with SEBI forcing it to make a minimum unconditional offer for 20% of the Vikrant shares, instead of the 15.01% planned earlier.
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