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Friday, December 24, 2004

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Mukesh to renounce sweat equity in Reliance Infocomm
MR Mukesh Ambani, Chairman of Reliance Industries Ltd (RIL), has decided to renounce his sweat equity to the extent of 50 crore shares in Reliance Infocomm. Mr Mukesh is understood to have sought the annulment of these shares and the board of ... More

RIL board kept in the dark, says Anil
THE agenda for Reliance Industries Ltd's (RIL) proposed board meeting scheduled for Monday, a day ahead of the 72nd birthday of Dhirubhai Ambani, was a matter of intense speculation with Mr Anil Ambani claiming that the RIL board was kept in ... More

Patriarch of reforms Narasimha Rao dead
FORMER Prime Minister Mr P.V. Narasimha Rao died of cardiac arrest on Thursday after fighting serious illness during the past fortnight. Mr Rao, 83, breathed his last at the All-India Institute of Medical Science (AIIMS) in the Capital where he ... More

Inflationary pressures likely to moderate in coming months: RBI
THE uptrend in overall prices is expected to moderate in the coming months with the easing of oil prices, improved rabi crop prospects and reduction in money supply, according to the Reserve Bank of India's report on currency and finance, ... More

Do away with non-merit subsidies, says report
IN what could be a pointer to the 2005-06 Union Budget, a report tabled by the Finance Minister, Mr P. Chidambaram, on the last day of Parliament's winter session has suggested dispensing with the current open-ended system of grain procurement ... More

Govt moots major changes in fertiliser subsidy policy
THE Government has suggested major changes in the fertiliser subsidy policy in its report on subsidies tabled in Parliament today, including setting up of plants in countries that are rich in natural gas and sharing the output between the host ... More

Banking stocks take centre-stage
AFTER taking a breather on Wednesday, the markets resumed their upward trend. The BSE Sensex gained 28.19 points to end at 6441.85 points, led by Reliance and SBI. The S&P CNX Nifty appreciated by about 10 points to close at 2045.15. The ... More

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