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Tuesday, December 21, 2004

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Reliance board to consider share buyback on Dec 27
RELIANCE Industries Ltd has called a meeting of its board of directors next Monday to discuss buying back equity shares from investors who want to exit. The company on Monday informed stock exchanges that a share buyback would be among the ... More

Reliance Energy extends buyback
RELIANCE Energy Ltd on Monday extended the buyback programme of its equity shares up to March 17, 2005. This will be the second extension to the buyback since it was announced on June 14. On June 14, REL had announced a buyback that was to end ... More

IT industry decries arrest of Baazee.com CEO
THE IT industry on Monday decried the arrest of Mr Avnish Bajaj, CEO of Baazee.com - the portal on which the sexually explicit clip was put on sale. "We are dismayed with what has happened. To make such an arrest is strange, and moves ... More

Baazee.com case — Why was IPC not invoked?
THE failure of the Delhi police to invoke Section 292 of the Indian Penal Code (IPC) in effecting the arrest of Mr Avnish Bajaj, Chief Executive Officer of the auction Web site Baazee.com, on charges of allowing the ... More

Samsung issues guidelines on ethical use of camera phones
IT'S not just the Internet auction sites that have been rattled by the multi messaging service (MMS) case, which led to the circulation of obscene pictures through camera-enabled mobile phones. Handset manufacturers are also a worried ... More

S.B. Mathur appointed UTI-I Administrator
THE Government today appointed Mr Sunil Behari Mathur as the Administrator of UTI-I, the specified undertaking of the Unit Trust of India. He replaces Mr M. Damodaran who resigned from the position on Sunday. Mr Mathur retired from Life ... More

UTI Bank board to review splitting of CMD post
IN a surprise development, UTI Bank has decided to hold a board meeting on Wednesday to reconsider its decision to split the post of Chairman and Managing Director into non-executive Chairman and Managing Director. Senior officials with the ... More

BSNL mulls consortium with ILD operators
IN a bid to offer cheaper international long distance calls, Bharat Sanchar Nigam Ltd (BSNL) is looking at a number of options including forming a consortium with ILD operators and laying its own undersea cable network. The State-owned company ... More

Pharma, cement, paper stocks find flavour
THE indices started the week on a strong note after a weak close on Friday and maintained the buoyancy throughout the day. The Sensex ended 56.52 points up at 6,403 points. The Nifty closed 14.75 points up at 2,026.85 points. Pharma, cement, ... More




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