NATIONAL 'Anil willing for one-on-one meeting with Mukesh' Anil Ambani is said to be willing to talk one-on-one to his elder brother Mukesh Ambani with a view to resolving the continuing feud between them, according to family sources.
Good News! AirTel, Hutch reduce ISD, STD rates Private mobile operators AirTel and Hutch today (Jan 20, 2005) reduced long distance tariffs by Rs 1.75 for ISD calls and 35 paise for STD calls, but the reduced ISD tariffs would still be more than double of those offered by other telecom operators like BSNL (Bharat Sanchar Nigam Ltd).
GE bets on India to build miniature ultrasound Engineers at the India centre of General Electric Healthcare unit in Bangalore have begun designing a laptop-size ultrasound machine, which the global giant aims to roll out in three years for the world market.
IDBI bank merger with IDBI, share ratio of 142:100 IDBI bank is to be merged with Industrial Development Bank of India (IDBI) in the ratio of 142:100 (every 142 shares of IDBI bank for 100 shares of IDBI), with the Government holding a majority stake in the merged entity.
Kingfisher Air to be launched on May 7 in Mumbai Liquor baron Vijay Mallya's Kingfisher Airlines venture would be launched in Mumbai to coincide with his son Siddarth's 18th birthday on May 7, 2005 with the first commercial flight of A320 slated two days later.
Inflation falls further to 5.6 pc despite hikes Inflation fell to a 31-week low of 5.6 per cent for the week ended January 8 despite a hike in prices of fuel, vegetables, non-food and manufactured products.
BSE: ITC leads sharp recovery as market bounces back Buoyed by the Supreme Court's ruling against imposition of luxury tax on cigarettes, the market today (Jan 20, 2005) bounced back from the day's low and ended 10 points up even as some major corporates announced better-than-expected quarterly results during the session.
India bags $ 45 mn contract to supply subsystems India has bagged contracts to supply sub-systems, worth $ 40 million - $ 45 million, for building the world's largest particle accelerator, the Large Hadron Collidor (LHC) near the Swiss and French border, Atomic Energy Commission Chairman Anil Kakodkar said today (Jan 20, 2005).
Tax law changes, foreign equity in MFIs ruled out Finance Minister P Chidambaram today (Jan 20, 2005) ruled out changes in tax laws for Micro-Finance Institutions (MFI) and allowing foreign equity in the sector, but kept options open for a separate fund for them.
IPCL Board asks Anil to reconsider his resignation In the continuing war of attrition between the Ambani brothers, Anil Ambani was today (Jan 20, 2005) urged to reconsider his resignation as Vice-Chairman and Director of IPCL headed by his elder brother Mukesh, but he is unlikely to accept the plea.
IPCL posts higher net profit at Rs 189 cr for Q3 The Indian Petrochemcial Company Ltd (IPCL), a Reliance Group entity, has posted a higher net profit of Rs 189 crore for the third quarter ending December 2004, as compared to Rs 81 crore in the same period last fiscal.
Biocon reports net profit at Rs 50 crore for Q3 Biocon today (Jan 20, 2005) reported a net profit of Rs 50 crore for the third quarter ended December 2004, up by 44 per cent over Rs 35 crore registered during the corresponding quarter last fiscal.
I cannot sit on the same board as Anand Jain: Anil The board of IPCL, a Reliance Group Company, today (Jan 20, 2005) began its meeting to consider the third quarter results as well as the resignation of its vice-chairman Anil Ambani.
Sensex dips in morning trading on fresh sell-off The sensex dropped sharply by about 73 points within minutes after opening on a cautious note on the Bombay Stock Exchange (BSE) today (Jan 20, 2005) on fresh selling triggered by Tuesday's (Jan 18, 2005) FIIs net sales figure coupled with weak trend on Wall Street last night (Jan 19, 2005).
INTERNATIONAL India, Malaysia natural partners in IT sector: Maran India and Malaysia today (Jan 20, 2005) underlined the immediate need to leverage their respective strengths in the Information Technology sector with New Delhi declaring that the two countries were "natural partners" in this area.
India begins roadshow to attract foreign investment India today (Jan 20, 2005) began its largest-ever commercial blitzkrieg to attract foreign investment in oil sector, targeting small and medium sized firms for prospecting of oil and gas in the unexplored sedimentary area.
