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Mukesh, Anil agree on 5-yr `non-compete' clause
Settlement expected `any time'
THE settlement between Mr Mukesh Ambani and Mr Anil Ambani is likely to happen before the anticipated date of July 6, as the two brothers are ready with the draft pending last-mile modalities involving tax experts. A formal announcement is now ...
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Market reacts positively
THE share prices of Reliance group companies moved up today in anticipation of an early resolution of the rift between the Ambani brothers. The market was abuzz with talk that the brothers were quite close to settling the dispute over the ...
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Housing finance cos seek tax concessions
THE ever-growing home loan market may be grabbing the attention of lenders, but the principal specialised players in the segment - the housing finance companies - are finding the going tough. With their competitive edge blunted because ...
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Banks, HFCs in no hurry to hike home loan rates
A HIKE in home loan rates is not currently on the cards for banks and housing finance companies. Most of them are taking a wait-and-watch approach to the recent rate hike by the two big players, ICICI Bank and HDFC. On Thursday, HDFC and ICICI ...
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VSNL dial-up Net subscriber base drops 24 pc
VIDESH Sanchar Nigam Ltd has lost 24 per cent of its dial-up Internet subscriber base during the last quarter ended March 2005. The Tata-managed company, which was the top Internet Service Provider a few years ago, has dropped to the fourth ...
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Dabhol deadlock may be resolved soon
THE impasse over the locked-out Dabhol Power Project is likely to be resolved soon, as the Maharashtra Government has shown an inclination to buy 2,184 MW of power from it at Rs 2.30 per unit at 80 per cent plant load factor. The Dabhol Power ...
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Inflation falls on cheaper fruits, vegetables
THE annual wholesale price index (WPI)-based inflation was 4.22 per cent during the week ended June 4, lower than the previous week's 5.2 per cent. The fall in the year-on-year inflation growth rate to a 13-month low was mainly on account of ...
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59-pc deficit in rainfall so far
THE India Meteorological Department (IMD) has assessed the all-India area weighted rainfall deficit from June 1 to 15 at 59 per cent. The actual recorded rainfall during the period was 25 mm against the normal 61.6 mm, the IMD said in its ...
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