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Home -> Finance -> News

NATIONAL
Nobody wants dirty linen washed in public: Bajaj
Noted industrialist Rahul Bajaj has joined the list of Ambani family's friends making efforts to bring peace between the two brothers, Mukesh and Anil, who are engaged in a fight for the control of Rs 90,000 crore Reliance Empire.

Battle Royal: Mukesh, Anil camps harden positions
The positions in the tussle for control of Reliance Group hardened today (Nov 26, 2004) with Chairman and Managing Director Mukesh Ambani rejecting his younger brother and Vice Chairman Anil Ambani's objections to the redefining of their respective powers, thereby increasing the chances of courtroom battle.

More woes for Reliance: DoT slaps Rs 150 cr fine
Department of Telecom today (Nov 26, 2004) imposed a penalty of Rs 150 crore on Reliance Infocomm for violating licence conditions by routing international calls as local ones.

BJP against opening retail trade to foreign brands
Opposing the Government move to open up "branded and dedicated retail segment" for foreign brands, BJP (Bharatiya Janata Party) today (Nov 26, 2004) described it as an "ill advised move and a disastrous negotiating strategy at the WTO (World Trade Organisation)."

There are long hours and long days: Anil Ambani
Breaking his silence over the rift in Reliance Group, Anil Ambani said, if necessary, he would make a statement on the issue at an appropriate time.

FM for viability gap funding to promote growth
Government is taking all possible steps, including viability gap funding to enhance public and private investment for promoting economic growth and poverty reduction, Finance Minister P Chidambaram said.