NATIONAL Mukesh Ambani seeks 'annulment' of Rs 50 cr shares In a major development in the battle over the Reliance empire, Mukesh Ambani today (Dec 23, 2004) sought "annulment" of the Rs 50 crore shares at par in
Reliance Communication, a move apparently to avert an attack from his brother on the Reliance Infocomm issue.
HP claims a 44.5 pc share in disk storage market IT major HP today (Dec 23, 2004) claimed it has a 44.5 per cent share in terabytes of the total disk storage market in India during the third quarter of 2004.
VSNL charges RIL-owned FLAG of unlawful behaviour In a move that could further escalate the ongoing bandwidth tussle between Videsh Sanchar Nigam Ltd (VSNL) and Reliance-owned FLAG Telecom, the Tata group has alleged that the latter is planning to cut FLAG
Europe Asia (FEA) cable "unlawfully" and divert it to Reliance's landing station in Mumbai.
BSE: RIL leads recovery, Sensex up by 28.19 pts Led by top heavyweight Reliance Industries (RIL), share prices staged a smart recovery pushing the Sensex up by 28.19 points to close at 6441.85 at the Bombay Stock Exchange (BSE) today (Dec 22, 2004) on renewed buying by foreign funds, cutting short overnights decline.
RIL, the petro-chem giant, continued to be in keen demand on sustained buying by institutional investors coupled with short-covering by operators ahead of the company's board meeting on Monday (Dec 27, 2004) to propose buyback of shares.
Overall GDP growth to be 6-6.5 pc for 2004-05: RBI The Reserve Bank of India today (Dec 23, 2004) said that the overall GDP growth for 2004-05 was expected to be 6-6.5 per cent based on combined downside risks of high and uncertain oil prices subject to changes in the international liquidity environment remain manageable.
On the current reckoning, as the mid-term review indicated, the overall GDP growth is expected to be 6-6.5 per cent, placing India among the faster growing economies in the world this fiscal, the RBI said in its Report on Currency and Finance 2003-04.
Good news! Unlimited calls @ Rs 99/month from Tata Tata Teleservices today (Dec 23, 2004) launched Push-To-Talk services offering customers the facility to make unlimited calls without any long distance or roaming charges within the network on a monthly rental of Rs 99.
Chidambaram stresses on sustaining high growth Finance Minister P Chidambaram today (Dec 23, 2004) said it was not sufficient to attain a high 8 per cent growth in one year but necessary to sustain it in the coming years.
Anil rakes up Infocomm holding; demands discussion Mounting pressure on elder brother Mukesh ahead of the crucial December 27 Reliance Industries Board meeting, Anil Ambani has demanded a discussion on changes in Reliance Infocomm equity, charging that the flagship company's Board was kept in the dark on this.
Sensex staged a smart recovery in morning trading After resuming on a slightly weak note, share prices staged a smart recovery during morning trading on the stock exchange today (Dec 23, 2004) on renewed buying by foreign funds.
RIL not consulted on amendment of Article of Assoc Hitting back at Anil Ambani who headed REL's move to confer more powers on Reliance Industries Limited Chairman Mukesh in relation to the energy company, the RIL last night (Dec 22, 2004) said that it has not sought any such powers.
