NATIONAL RIL notice to REL for not sharing audited results Reliance Industries, headed by Mukesh Ambani, today (Apr 27, 2005) sent a notice to Reliance Energy, chaired by his younger brother Anil, for not sharing audited results with the parent company, but the energy company refuted the charge.
RIL Board rejects objections raised by Anil Ambani Siding with Reliance group chairman Mukesh Ambani, the Board of the flagship company RIL today (Apr 27, 2005) rejected objections raised by his younger brother and Vice Chairman Anil on financial accounts, appointment of directors and demand for termination of the ongoing buyback of shares.
Sensex sheds 61 pts despite temporary bounce back Despite a temporary bounce back on excellent performance by RIL, the stock market today (Apr 27, 2005) succumbed to heavy selling and drove the Sensex down by 61 points at close, extending losses to second straight session in reaction to fresh eruption to the feud between Ambani brothers.
RIL net up by 47 pc; Infocomm turns profitable Virtually ignoring the turbulence in the Ambani family over ownership issues, Reliance group's flagship company RIL today (Apr 27, 2005) announced an impressive 47 per cent growth in net profit at Rs 7572 crore during 2004-05.
RIL Board passes all resolutions peacefully Belying expectations of a stormy affair, Reliance Group's flagship company today (Apr 27, 2005) transacted all its business including passage of about 25 resolutions peacefully.
SC gives go-ahead to Shoppers' Stop Rs 150 cr IPO The Supreme Court today (Apr 27, 2005) gave go-ahead for the Rs 150 crore Initial Public Offer (IPO) of India's leading retailer Shoppers' Stop by staying an interim order of the Shillong Bench of Guwahati High Court restraining the IPO.
Reliance Industries FY-05 net up at Rs 7,628 crore Reliance Industries Ltd (RIL) has reported a consolidated net profit of Rs 7,628 crore for the fiscal ended March 31, 2005 as compared to Rs 5,169 crore for 2003-04.
Its Reliance 11 vs Anil at RIL Board Meeting: Anil Setting the stage for a stormy Board Meeting of the Reliance group's flagship company, Vice Chairman and Managing Director Anil Ambani today (Apr 27, 2005) termed his fight as Reliance Eleven Vs Anil and alleged that several people wanted him to be out of the company.
Sensex continued downslide during morning trade The Sensex today (Apr 27, 2005) opened weak and continued its downslide during morning trading on the Bombay Stock Exchange (BSE) due to sustained selling pressure from operators amid slowdown in Foreign Institutional Investors (FII) activity.
SEBI asks Shoppers' Stop to put its IPO on hold Securities and Exchange Board of India (SEBI) yesterday (Apr 26, 2005) asked Shoppers' Stop Ltd to put its Initial Public Offer (IPO), which was slated to open today (Apr 27, 2005), on hold until further orders following an order passed by Shillong bench of Guwahati High Court.
Boeing wins Air-India order for 50 jets over Airbus Boeing yesterday (Apr 26, 2005) scored over its arch European rival Airbus by securing Air-India order for 50 jets in a deal worth over $ 6.5 billion (Rs 30,000 crore).
