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Opinion of 3 ex-Chief Justices used by Cong in FCRA case
Three former Chief Justices, AM Ahmadi, YV Chandrachud and PN Bhagwati, as well as former Attorney General G Ramaswamy, have given a unanimous opinion that the donations received by the Congress do not fall under the ambit of the Foreign Contributions Regulation Act (FCRA) of 1976 since the donors aren't foreign companies.
Rabri wins trust vote
The four-day-old Rabri Devi Ministry in Bihar yesterday won a facile confidence vote in the State Assembly by 194 to 110 with the support of the Congress, Jharkand Mukti Morcha (JMM-S) and Independents.
Uphill task for auditors in Left's vanishing act
The Calcutta High Court has asked the Comptroller and the Auditor General to look into the PLA issue, however, auditors admit it's virtually impossible to track down the money that has been allegedly siphoned off.
Gujral loses his cool as Vajpayee prods and probes
Prime Minister I K Gujral's inconsistencies on talks with Kashmir militants sparked off a sparring match between him and Leader of the Opposition AB Vajpayee prompting intervention from veteran parliamentarian Chandra Shekhar to restore peace.
PM cornered in Cong-Left war
The Congress and Left have stepped up their bitter exchange of late. Prime Minister I K Gujral is the one caught in the crossfire especially with Communist Party of India-Marxist general secretary Harkishan Singh Surjeet penchant for shooting his mouth off at the slightest provocation.
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HLL in takeover talks with Kwality Frozen Foods
Hindustan Lever (HLL) is reportedly in talks with the management of Kwality Frozen Foods for a possible takeover of the latter's ice-cream production rights.
ONGC to spin off services into arms
Oil and Natural Gas Corporation (ONGC) has decided to spin off some of its "services" into separate subsidiaries. The idea, mooted by the McKinsey report, is to form separate profit centres out of activities not directly related to ONGC's core competence.
ICICI Q1 net leapfrogs to Rs 223 crore
The Industrial Credit and Investment Corporation of India (ICICI) has recorded a 123% jump in net profit for the first quarter of 1997-98. Net profit stood at Rs 223 crore, up from Rs 100 crore registered in April-June 1996.
Navratnas' largesse costs Rs 1.7 cr to oil pool account
The three navratnas, Indian Oil Company (IOC), Bharat Petroleum Company (BPCL) and Hindustan Petroleum Company (HPCL), were responsible for a loss of Rs 1.70 crore to the oil pool account, according to the 1996-97 report of the Comptroller and Auditor General (CAG) of India.
Hong Kong major may pick stake in RPG supermarket
Hong Kong based conglomerate Jardine Matheson is likely to take a 50% stake in the RP Goenka (RPG) group's supermarket chain venture soon. The venture operates as a division of the RPG group's Spencer & Company Limited at the moment.
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