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Friday, November 26, 2004

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Six directors resign from Reliance Energy board
SIX directors of Reliance Energy Ltd today tendered their resignations from the board of the company, deepening the mystery surrounding the differences between the two Ambani brothers. These six directors are believed to be close to Mr Anil ... More

Anil Ambani breaks his silence
THE Vice-Chairman of Reliance Industries, Mr Anil Ambani, today broke his silence on the Reliance ownership controversy. In a brief statement to newspersons outside the Reliance corporate headquarters in South Mumbai this evening, he said: "I ... More

Shares move southward
THE sudden resignation of six directors of Reliance Energy sent tremors through the stock market, with shares of Reliance group companies tumbling and taking the market down with them. Reliance Energy registered the sharpest fall of Rs 34 ... More

Govt may allow FDI in single product branded retailing
THE Government is likely to allow foreign direct investment (FDI) in single product branded retailing of their own products by foreign companies, the Minister for Commerce and Industries, Mr Kamal Nath, said here today. This in effect means ... More

Railways hikes freight rates for coal, iron ore, other items
THE Railways today announced a hike in freight rates for select items including coal and iron ore, a move aimed at countering the dual impact of the repeated hikes in prices of diesel and steel. The hike, to come into effect from November 27, ... More

Now, IT's entire process outsourcing
WITH the issue of outsourcing coming under heavy fire in the US and Europe, more and more Indian companies - including the likes of Infosys and Wipro - are now turning to the `more acceptable' employee acquisition route to take on ... More

Rolls Royce bullish on India, says CEO
THE seven-decade long partnership between Rolls Royce and the Indian market is to be further cemented in the coming years. The group focuses on providing power systems and associated services for use on land, sea and air. Close to 70 years ... More

Hyundai may hike prices in Jan
HYUNDAI Motor India is planning to increase prices of all its models next year by 2-3 per cent. "We are considering a move to increase the prices because of Euro 3 norms coming into effect next year and also because of rise in input and ... More

Succession issues in business families
THOUGH astute in business and entities to reckon with on the bourses, when it comes to sorting out matters of succession some of India's oldest business families may still need to do their homework. Be it the Ambanis of Reliance Industries, ... More

Lenders upbeat on home loans despite rate hike
A RISE in interest rates notwithstanding, experts in housing-finance industry still expect the sector to grow by 30-35 per cent this year, almost in line with the growth rate over the past couple of years. Their argument is that a hardening in ... More

Modern Shanghai towers way above Mumbai
A distance that would take at least 90 minutes by normal means of transportation takes all of seven minutes on Shanghai's Maglev trains. More

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