NATIONAL Ambani brothers meet mom separately before RIL meet Warring Ambani brothers Mukesh and Anil have had separate meetings in the last two days with mother Kokilaben, whom both had made arbiter in their dispute
over the control of Rs 90,000 crore Reliance group, ahead of the crucial Board meeting of the flagship Reliance Industries.
New organisation for retail payments system: RBI Reserve Bank of India's (RBI) vision document on payment systems has suggested that a national organisation should be set up to operate all retail payment systems in the country.
Reliance Infocomm signs $750 mn external loan deal Reliance Infocomm today (Dec 25 2004) announced signing of a $750 million (about Rs 3,400 crore) loan agreement with a consortium led by US Export and Import (EXIM) bank.
Strong trade flow helps Forex reserves to rise Backed by strong trade flows and portfolio investments, India's foreign exchange reserves rose by $ 924 million to cross $ 130 billion mark during the week ended December 17, 2004.
