Tuesday, October 27, 1998
Shares surge ahead on buy back clearance
Stock markets across the country gained appreciably as the Union Cabinet on Monday cleared the two major proposals on allowing corporates to buy back their shares and completely freed inter-corporate investments. While the Cabinet met in the evening, buying started in the markets right from the morning itself. The Bombay Stock Exchange (BSE) Sensex rose by 105 points.
Mediators work towards closer ties between Sonia, Jayalalitha
After much ado, Congress emissaries have succeeded in establishing communication channels between AICC president Sonia Gandhi and AIADMK chief J Jayalalitha. Sources view this development as a prelude to a closer understanding between the two parties.
Panel unearths fund records
House investigators have unearthed bank records that confirm a long-held suspicion that $ 45,000 in Democratic donations made by the controversial Lippo group at a 1993 event featuring vice president Al Gore was reimbursed with foreign money.
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