NATIONAL RIL untangles cross holding; converts RIC equity In a quick follow up to the settlement reached between Ambani brothers, Reliance Industries today (Jun 28, 2005) unveiled a series of steps towards carving up of the Rs 100,000 crore business empire.
India's largest gas field leads to war of words! The discovery of a huge gas field in Bay of Bengal has led to a war of words between Gujarat Chief Minister Narendra Modi and Centre's oil pointsman on the veracity of the reserves in the field.
A-I tenders for 777s; talks to Jet for taking A340 Air-India has once again floated global tenders to take on lease four more Boeing 777s to step up its flights to US and Canada even as it is talking to Jet Airways to take its A340-300 aircraft on lease for one month.
Sensex plunges by 102 pts at BSE on heavy selling Sharp fall in shares of major blue chip companies, including Reliance Infosys and ITC, on heavy fag-end selling pressure pulled the Sensex down steeply by 102 points today (Jun 28, 2005), the biggest single-day fall after April 29 on the Bombay Stock Exchange (BSE).
FM upbeat on strong economic fundamentals Encouraged by the strong economic fundamentals, Finance Minister P Chidambaram today (Jun 28, 2005) said inflation was under control and expected interest rates to remain benign in the wake of less than expected borrowings this fiscal.
BHEL disinvestment issue skips NDC meet, says FM Fearing a further backlash after Left Parties decided to suspend attending UPA (United Progressive Alliance) meetings over BHEL disinvestment, the Government avoided any discussion on the issue at the National Development Council.
VCs look to invest in Indian start-up companies Blue Run Ventures (BRV) and Nokia Growth Partners (NGP), two venture capital (VCs) firms supported by Nokia Corporation, hope to invest in one or two Indian start-up companies a year, senior executives said today (Jun 28, 2005).
Economy is resilient, inflation under control: FM Asserting that the economy was in a "resilient" mode, Finance Minister P Chidambaram today (Jun 28, 2005) said that inflation was under control, but the challenge was to mobilise resources to rev up investments.
Corporate governance issues not to be brushed aside Reliance Industries Ltd (RIL) independent director Y P Trivedi today (Jun 28, 2005) said that the corporate governance issues raised by former vice chairman and managing director Anil Ambani would not be brushed under the carpet but would be made transparent.
