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Tuesday, November 23, 2004

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Mukesh clarifies on `ownership issues'
THE Chairman of Reliance Industries, Mr Mukesh Ambani, on Monday sought to quell the storm of speculation stirred up by his statement last week that that there were "ownership issues" in the corporate group. He issued a clarification saying his ... More

The meeting that never was
MEDIAPERSONS were seen in large numbers waiting outside Sea Wind, the Ambani residence in south Mumbai, from the early hours of Monday morning. It had been reported that the Ambani family, including the two sisters, would be meeting on Monday ... More

Reliance scrips bounce back — Sensex swings 101 intra-day
WITH speculation rife about a split in the Ambani family and its repercussions on the group's businesses, Reliance shares opened on Monday for trading on a very weak note. However, the sentiment on the scrip turned positive after Mr Mukesh ... More

DoT sets up monitoring cells to check illegal ILD calls
THE Department of Telecom has set up Vigilance Telecom Monitoring Cells at Delhi, Mumbai, Chennai and Hyderabad to detect the illegal routing of long distance calls. These monitoring stations will also ensure that the licence conditions are ... More

Textile sector seeks fund to revamp high cost debt
THE textile mills sector has petitioned the Government on the need to have a dedicated fund for realigning the high cost debt sourced by "financially weak but technically viable" units. According to industry players, the current Debt ... More

Ford India sales income up 29 pc; net loss pared
HELPED by a 51 per cent jump in the number of vehicles sold, Ford India Ltd has reported a 28.75 per cent increase in sales income (net of excise) and a reduced net loss in 2003-04 over the previous financial year. It carried over an ... More

Rupee options a hit among corporates
"Corporates are opting for zero cost options in larger numbers. In the case of these leveraged options, a premium is not required to be paid up front." More

Plea to make credit rating of realtors mandatory
TO enhance the comfort level of consumers while making property-related investment decisions, National Real Estate Development Council (Naredco) has urged the Government and financial institutions to make credit rating of developers and projects ... More

Infrastructure projects make tardy progress
INFRASTRUCTURE development is touted as the sure-fire route to progress as also to get the economy moving on a higher growth trajectory. Yet, it is in the crucial domain of infrastructure development, projects record snail's pace movement with ... More




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