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Reliance Ind, Petro boards fix merger swap at 1:11
THE boards of directors of Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd (RPL) today approved a scheme of amalgamation of the two companies at a swap ratio of one RIL share for every 11 RPL shares held. The merger is effective ...
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RIL shareholders to gain
THE merger ratio of one share in Reliance Industries for 11 shares in Reliance Petroleum appears to be skewed in favour of Reliance Industries' shareholders. There is no doubt that they stand to gain tremendously as they will be acquiring a ...
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MTNL may join race for overseas calls -- Move likely to put telecom dept in a fix
IN what could lead to a stand-off between Mahanagar Telephone Nigam Ltd (MTNL) and the Department of Telecommunications (DoT), the Navaratna telecom PSU has decided to file an application for international long distance (ILD) licence. According ...
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Balayogi dies in copter crash
THE Lok Sabha Speaker, Mr G.M.C. Balayogi, died in a helicopter mishap in Kovvadalanka village of Krishna district of Andhra Pradesh this morning. The private helicopter, which was to bring Mr Balayogi to Hyderabad from Bhimavaram in West ...
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Advani hints at terrorist hand in Gujarat riots
THE Union Home Minister, Mr L.K. Advani, who visited the strife-torn regions of Gujarat on Sunday, equated the happenings in the State during the last five days to terrorism. He told presspersons here that the Godhra incident had all the ...
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