The Bharatiya Janata Party yesterday virtually pulled a coup in the Congress bastion of Western Maharashtra with Uday Raje Bhosle, a member of erstwhile royal family of Satara, joining the party lock stock and barrel.
HC curtails industrial court's powers
The Bombay high court has ruled that disputes involving companies administered by the Central government cannot be tried by the Industrial Court.
Morgan buys stake in Asian Paints
Morgan Stanley has picked up a part of the stake offloaded by managing director Atul Choksey in Asian Paints (India). The US investment bank is believed to have bought around 3% of Choksey's holdings with the rest 5% divested being picked up by Capital International.