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Kesri may abort CWC polls; nominate his men
Congress president Sitaram Kesri yesterday night stymied attempts to force an election to the all-important Congress Working Committee (CWC) in a stormy, long and inconclusive meeting at his temporary residence at Brahmachari House.
Shock for PM again
The Union government was severely embarrassed in the Rajya Sabha yesterday when the Bharatiya Janata Party (BJP), smelling blood, forced the defeat of a Bill being brought about to amend the Presidential and Vice-Presidential Elections Act, 1952.
Veerappan wants Rs 5 crore
Notorious sandalwood smuggler Veerappan has demanded a ransom of Rs 5 crore for the release of the remaining eight hostages if the government does not grant general amnesty. Veerappan has set a deadline of August 15 for the two governments to decide on the issue.
No dawn yet for midnight session
With just one week to go before Parliament convenes for the midnight session to mark the 50th anniversary of Independence, the Union government is still debating whether to include an excerpt from a speech made by Netaji Subhash Chandra Bose in the function.
Rockets hit Israel on eve of talks
Hezbollah guerrillas fired rockets on Wednesday at Israeli positions in southern Lebanon, and some landed across the border in northern Israel, even as representatives of US, Lebanon, France, Syria and Israel were preparing to hold talks for monitoring truce in Southern Lebanon.
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HLL takes its case to centre; Dadiseth meets Montek
Hindustan Lever (HLL) chairman K B Dadiseth met finance secretary Montek Singh Ahluwalia yesterday morning and apprised him of the company's position on the notice served on the company by the Securities and Exchange Board of India (SEBI) alleging insider trading.
VST Industries seeks nod for hike in BAT arms' equity stake
Tobacco major VST Industries has sought the approval of Foreign Investment Promotion Board (FIPB) to increase the foreign equity stake held by two subsidiaries of BAT of UK from 31.73% to 50%.
IBP to double borrowing cap, plans $15 mn overseas loan
IBP Co plans to double its borrowing limit to Rs 1,000 crore from Rs 500 crore to be able to cater for its Ninth Plan investment programme and increased working capital requirements.
Matsushita to hold 70% in white goods ventures with Videocon
The Videocon group and Japan-based Matsushita are forming two separate joint ventures for producing washing machines and air conditioners in the country. In both the ventures, Matsushita will hold a 70% stake with the balance being held by Videocon.
Hindustan Sanitaryware $30 mn global depository receipts issue
Hindustan Sanitaryware & Industries (HSI), a part of the Calcutta-based Somany Group and a market leader in the sanitary ware segment, has got an in-principle approval to float a $30 million (Rs 105 crore) global depository receipt (GDR) issue.
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