Quicktakes

SC stays Hiten Dalal conviction
NEW DELHI: The Supreme Court on Friday suspended the sentence awarded to stock broker Hiten Dalal and former Canara Bank official S Mohan by the Mumbai special court in the infamous 1992 securities scam case. The apex court simultaneously admitted their appeal against their conviction by special court.

FERA case
NEW DELHI: The Supreme Court on Friday fixed September 23 for hearing on Enforcement Directorate8217;s petition challenging a Bombay High Court order granting bail to media baron Ashok Jain in alleged FERA violation cases. A three-judge Bench comprising Justices M K Mukherjee, S P Kurdukar and K T Thomas would also hear on the same day the Directorate8217;s petition seeking some more time to retain certain documents claimed to have been seized from Jain8217;s house.

Surat floods
SURAT: Over a dozen people have been killed while few more are feared trapped in the flood-affected Surat city even as relief and rescue operations are in full swing bythe government as well as the non-government agencies.

Growth target
NEW DELHI: Chairing the first meeting of the newly-created Council on Trade and Industry today, Prime Minister AB Vajpayee set ambitious growth targets and left it to his somewhat dumbstruck high-profile council to find ways to achieve this. At a time when most expect the economy to grow by around five per cent, the PM asked for 7 per cent.