NATIONAL Anand Jain scheming to divide Ambani brothers: Anil Intensifying his fight against elder brother Mukesh, Anil Ambani today (Jan 3, 2005) resigned as Vice-Chairman and Director of Reliance group company IPCL (Indian Petrochemical Corporation Limited), accusing another director Anand Jain of heading a "conspiracy to divide" the brothers and play a "negative role" in their family affairs.
Criminal complaint against 5 Cos for cheating GTB Oriental Bank of Commerce (OBC) has filed criminal complaints with the CBI against several companies for allegedly defrauding the erstwhile Global Trust Bank (GTB), which became sick and had to be merged with the Delhi-based PSU bank last year.
Sensex zooms up by 77 pts to a new peak of 6679 Led by Gas sector, stocks rallied sharply lifting the Sensex to new record peaks at 6679.20 bolstered by strong inflow of foreign investments and continued downtrend in inflation.
Citigroup invests in Caritor for joint initiatives Technology solutions provider Caritor has reached agreement with Citigroup Venture Capital (CVC) International to make an investment in Caritor for joint strategic initiatives.
Anil Ambani resigns as the VC, director of IPCL Anil Ambani today (Jan 3, 2005) resigned as Vice Chairman and Director of the Reliance group company IPCL (Indian Petrochemical Corporation Limited).
FII Inflow, low inflation lifts morning trading Powered by strong FII (Foreign Institutional Investors) inflows and a fall in inflation number, the Sensex resumed the first trading session of the New Year on a firm note and rallied smartly during morning trading on the Bombay Stock Exchange (BSE) today (Jan 3, 2005).
If RIL doesn't pay, BSNL to disconnect services The Supreme Court today (Jan 2, 2005) rejected Reliance Infocomm's request to secure through a bank guarantee the BSNL demand for remaining of the access deficit charges to the tune of Rs 182.7 crore.
