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Thursday, March 24, 2005

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Anil may get Reliance Infocomm — Ambani settlement on cards after Holi
THE battle between the Ambani brothers for the ownership of the Rs 99,000-crore business empire may soon be over. The long-awaited settlement appears to have been given more or less a concrete shape with Reliance Infocomm slated to go to Mr ... More

Reliance group shares shine in a dull market
IN a lacklustre market on Wednesday, Reliance group companies' shares shot into limelight in anticipation of an early settlement between the Ambani brothers. Although index heavyweight Reliance Industries closed higher, the overall sentiment ... More

Clause 49: SEBI extends deadline for compliance to Dec 31
GRANTING a nine-months breather to corporates regarding the implementation of the amendments in Clause 49 of the Listing Agreement, SEBI has postponed the deadline for conforming to the new regulation to December 31. Briefing the press after ... More

Key provisions under Clause 49
IN an attempt to review and improve the quality of corporate governance norms among listed companies, the Securities and Exchange Board of India had constituted a Committee under the Chairmanship of Mr N.R. Narayana Murthy in late 2002. The ... More

Tata Chemicals to partner Chambal's Moroccan venture
TATA Chemicals Ltd (TCL) will be the equal third partner in Indo Maroc Phosphore SA (IMACID), Morocco, an existing joint venture between state-owned Office Cherifien des Phosphates, Morocco (OCP) and Chambal Fertilisers and Chemicals Ltd. TCL ... More

Cut in international bandwidth prices — VSNL appeals against TRAI order
THE massive cut in international leased line tariffs announced by the telecom regulator may run into rough weather with the Tata-managed Videsh Sanchar Nigam Ltd challenging the order with the Telecom Dispute Settlement Appellate Tribunal ... More

Foodgrains output put at 210.44 m tonnes — Record rabi production projected
TOTAL foodgrains production for 2004-05 crop year (July-June) is estimated at 210.44 million tonnes (mt), about 4.05 mt higher than the second advanced estimates of 206.39 mt. Kharif crop production of foodgrains during the period is now ... More

Pension Fund Bill referred to panel; Ordinance to lapse
THE Government on Wednesday referred the Pension Fund Regulatory and Development Authority (PFRDA) Bill to the Parliamentary Standing Committee on Finance. "The Government has decided to refer the Bill to the Parliamentary Standing Committee ... More

Patents Bill drives a wedge between health, pharma segments
HAS India played into the hands of companies who see the country as no more than a market of 50-odd million "paying public"? Or with the passing of the Patents (Amendment) Bill in both Houses of Parliament, has the country truly taken its ... More

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