NATIONAL Anil's camp running 'malicious campaign': Mukesh In a thinly veiled attack, RIL Chairman Mukesh Ambani today (Jan 5, 2005) accused his younger brother Anil's camp of running a "malicious campaign" to tarnish the image of the company and its leadership.
TRAI to announce new ADC rates; tariffs may fall Telecom tariffs may come down further with telecom regulator TRAI (Telecom Regulatory Authority of India) likely to announce tomorrow (Jan 6, 2005) lower rates of Access Deficit Charge, a levy paid by private operators to BSNL (Bharat Sanchar Nigam Limited) for rural operations.
Sensex falls by 192 pts on sell-off by hedge funds The market today (Jan 5, 2005) wilted under heavy sell-off across the spectrum wiping out investors' wealth to the tune of over Rs 58,000 crore in a virtual bloodbath and plunged to the depths of 6334.74 before minimising the losses to 192.17 points at close, the biggest since May 28.
Govt to offload stake in BHEL, Maruti by March-end Heavy Industries Ministry has virtually consented to Finance Ministry's suggestion for part divestment of Government equity in blue-chip PSU (Public Sector Undertaking) Bharat Heavy Electricals Ltd (BHEL) and auto joint venture Maruti Udyog in the current financial year.
Mukesh Ambani holds meeting with Saudi Minister Reliance Industries Limited Chairman Mukesh Ambani held important meetings in New Delhi on Tuesday (Jan 4) including one with Saudi Arabia Oil Minister Ali Al Naimi.
RIL ignored Anil's plea for bonus to shareholders Reflecting the differences with elder brother Mukesh on buyback of shares by flagship company Reliance Industries, Anil Ambani today (Jan 5, 2005) said he had proposed that 12 per cent equity in RIL held by the Petroleum Trust and four companies be distributed free of cost among the existing shareholders.
Sensex dives by 202 points; undergoing correction The market crashed like a pack of cards during midsession and was down by over 202 points at 1:10 pm (IST) as hedge funds resorted to across-the-board sell-off forcing local operators to heavily unload positions.
UK-based Xansa to raise India headcount to 10,000 UK-based IT services company Xansa on Tuesday (Jan 5, 2005) inaugurated a Rs 60 crore facility in Noida (near Delhi) that can accommodate 1,000 people.
Sensex dips again on sell-off by domestic investors Despite sustained FII (Foreign institutional Investors) inflows in the Indian bourses, the Sensex opened weak and continued its slide during morning trading at the Bombay Stock Exchange (BSE) today (Jan 5, 2005) on fresh sell-off by domestic investors.
