Popular Articles

Coca-Cola: No burn-out
Coca-Cola launched its energy drink brand Burn in the Indian market a few days ago, targeting high-spending, young, urban consumers. Positioned as an after-hours drink, Burn is setting its sights on pub-goers and the clubbing crowd.

Glenmark Pharma Q2 net dips 31% to Rs 81 cr
Drug maker Glenmark Pharmaceuticals today reported 31 per cent drop in its consolidated net profit at Rs 80.88 crore for the second quarter ended September 2009.

News of the day

Asian markets surge to 17-month high
Asian markets surged to 17-month highs today. The Hang Seng jumped 456 points (2%) to 22,280. The Nikkei added 27 points to 10,682.
Home Business

CBI likely to seek govt nod for Sibal probe

Accusing V K Sibal of having a ‘nexus’ with private parties when he headed the upstream oil regulator, the Directorate General of Hydrocarbons (DGH), the Central Bureau of Investigation (CBI) has decided to seek government permission to probe his actions. - CBI team back from Mauritius - This number does not exist - Satyam scam: CBI team back from Mauritius, 2nd chargesheet soon - CBI seeks govt nod for full probe on Sibal - Raja-telcos meet tomorrow; CBI probe, 3G may figure - SFIO asked to stop Satyam probe to avoid duplication The agency, which was asked by the Central Vigilance Commission (CVC) to do a ‘discreet’ ground verification of allegations of Sibal"s nexus with private oil and gas operators, in its preliminary report, alleged ‘gross abuse and misuse of public office by Sibal,’ highly-placed sources said. “The CBI is yet to formally approach the government for permission for a thorough probe,” Petroleum Secretary R S Pandey told reporters. Sources, however, said CBI would be moving government for permission shortly. The preliminary report also talked of his ‘nexus with private parties’ and his ‘obtaining pecuniary advantage in award of contracts and supply of information of sensitive data of resources.’ Neither the CVC nor the CBI has said anything on the allegations of his seeking favours from RIL in lieu of approving higher capital expenditure at the Mukesh Ambani-led company’s KG basin gas field.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):