NATIONAL Ambani issue: Anil to respond in the next 48 hours Anil Ambani, Vice Chairman and Managing Director of Reliance Group is expected to respond to the statement issued by his elder brother Mukesh Ambani in next 48 hours.
BSE: Market bounces back over Ambani's clarification Clarification by RIL Chairman Mukesh Ambani on "ownership crisis" helped market bounce back with a vengeance after it crashed by 84 points within minutes of the resumption trading over speculation of Ambani-family feud.
I am shocked by media's fiddling of my words: Mukesh Reliance Group Chairman Mukesh D Ambani today (Nov 22, 2004) said his remarks on ownership issues were "torn out of context" and clarified that "Dhirubhai Ambani had settled all ownership issues pertaining to Reliance during his lifetime".
"On my return last evening (Nov 21, 2004) from the US, I was shocked to find that my response to a question pertaining to the way our businesses are going to go in the future has been torn out of context," Ambani said in a statement in Mumbai.
ABB to invest $ 100 mn in 3 yrs, hire 500 people Power equipment major ABB India today (Nov 22, 2004) said it would invest $ 100 million (Rs 450 crore) over three years in expanding its manufacturing base in the country.
Indo-ASEAN car rally will expand trade: CII The Indo-ASEAN (Association of South East Nations) car rally, to be flagged off by Prime Minister Dr Manmohan Singh, will increase trade with those countries by more than three times.
Infosys to seek shareholders nod on ADS issue Infosys Technologies will seek shareholders' nod for the sponsored American Depository Shares (ADS) issue at its extraordinary general meeting scheduled on Dec 18, 2004.
The ADS would be issued against the existing equity shares to overseas investors, the IT Company informed the Bombay Stock Exchange (BSE) on Monday (Nov 22, 2004).
INTERNATIONAL '90 pc of South Asian needs are sourced from outside' Regretting that over 90 per cent of requirements of South Asian countries were still sourced from outside the region, India today (Nov 22, 2004) asked South Asian Association for Regional Cooperation (SAARC) nations to build a strong framework of regional economic cooperation, which should be "workable" and "programme-based".
World Bank praises India's Left parties & CMP World Bank has praised the Left parties for their "broad-based vision" on social sector and infrastructure development and said the UPA (United Progressive Alliance) Government's Common Minimum Programme (CMP) was in tune with the Bank's objectives.
