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India wins battle against turmeric patenting
The United States Patent and Trade Mark Office (US PTO) has cancelled the patent it granted for the use of turmeric powder as a wound healing agent at the intervention of the Council of Scientific and Industrial Research (CSIR).
Centre hints at changes in Assam's security set-up
With the Assam administration revamped following the appointment of a new Chief Secretary, a new governor and inducting super-cop K P S Gill as adviser (security), the stage is set for more intensive operations against militants in Assam.
LF to hold out despite oil hike embarrassment
With one of its most influential leaders taking a soft line, the Left Front is now in a spot over the oil price hike. Jyoti Basu's philosophy that the hike cannot be deferred forever clinched the issue for the United Front's Steering Committee, but it left the LF red-faced.
Veerappan likely to surrender next week
The much awaited surrender of sandalwood smuggler Veerappan and the release of hostages may take place in Chennai in the presence of Tamil Nadu Chief Minister M Karunanidhi and his Karnataka counterpart J H Patel early next week.
Now, the CBI enters Star Wars
The Union government's offensive against the Rupert Murdoch-owned STAR TV network has intensified with the Central Bureau of Investigation (CBI) entering the scene. The agency has initiated an inquiry into allegations that Rathikant Basu, showed "undue favours" to private companies -- including STAR -- while he was Director General of Doordarshan.
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Cabinet skirts petroleum price hike
The Union cabinet which met yesterday did not take up the much-talked about hike in prices of petroleum products. The meeting thus proved to be a damper for the petroleum industry. Union petroleum minister Janeshwar Mishra's absence from Delhi ruled out the possibility of the oil price hike figuring on the rather long agenda before the Cabinet.
Asian Paints yet to approach Centre on stake imbroglio
The Union government is expected to take up the issue of acquisition of Asian Paints' shares by British chemical major ICI only after the Indian company approaches the Union industry ministry with specific complaints.
Irani rules out Tinplate-Tisco merger
Tisco managing director J J Irani has said that Tata Iron & Steel Co has no plans to merge the loss-making Tinplate Company of India with itself. Irani, who is also the chairman of Tinplate, was reacting to a suggestion made by some shareholders at Tinplate's 78th annual general meeting.
CCFI clears Mitsubishi PTA project at Haldia
The Cabinet Committee on Foreign Investment (CCFI) has cleared several proposals including that of the Mitsubishi Corporation to set up a purified terephthalic acid (PTA) having 3.5 lakh tonne annual installed capacity at Haldia at a total cost of Rs 1,400 crore.
Motor insurance hits a bad patch
Underwriting losses in the motor insurance industry are likely to touch Rs 700 crore for 1996-97. The excess claim over premium is expected to touch a staggering Rs 700 crore compared to Rs 275 crore in 1995-96 and Rs 636 crore in 1994-95.
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