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Wednesday, November 24, 2004

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Mukesh says CMD is final authority — Reliance director Bhakta resigns
THE Reliance controversy deepened today with the Chairman and Managing Director of Reliance Industries Ltd, Mr Mukesh Ambani, telling his employees who was in the driver's seat at Reliance. In his statement that was e-mailed to over 80,000 ... More

Reliance stocks close in the red — Sensex tests 6,000 level again
SHARES of Reliance group companies, which recovered at the end of the day yesterday, showed continued volatility on Tuesday. The scrips of all four Reliance companies closed in the red today. Three of them, except Reliance Energy, opened ... More

Novartis research centre: It's a toss-up between India, China
THE Chinese Dragon is set to give India some serious competition in terms of being an attractive Asian location for Swiss pharma major Novartis's third research centre. "Do we want an Asian research centre? Yes. Do you (India) have a chance? ... More

Private airlines' Gulf flights not for now
PRIVATE sector domestic airlines will have to wait a while longer to take off for the Gulf region, although they will be allowed to operate to other international destinations earlier. Official sources told Business Line that an official ... More

ISA plans umbrella body for entire steel industry — US, Japan models proposed
IT would be a restructuring of the domestic steel industry, but of a different sort. For all practical considerations, it may be termed as a restructuring and realignment of the various lobbying forces of the Indian steel industry, a model ... More

AP industrialist bids highest for Standard Motors land, assets
AN Andhra Pradesh-based industrialist, with interests in cotton seeds, spinning mills and sugar, has bid the highest for the property of Standard Motor Products of India Ltd (now in liquidation), located at Perungalathur on the outskirts of ... More

Temasek picks up 10 pc stake in Gateway Distriparks
ARANDA Investments (Mauritius) Pte Ltd, a wholly-owned subsidiary of Singapore-based Temasek Holdings Pte Ltd, has picked up a 10 per cent stake in Gateway Distriparks Ltd (GDL), a port-based logistics services company providing container freight ... More

PM calls for scale-down of tariffs to ASEAN levels
INDIA will have to scale down its tariffs to the levels prevalent in ASEAN countries to facilitate closer co-operation and boost trade ties with the economies of that region as well as of East Asia, the Prime Minister, Dr Manmohan Singh, has ... More




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