The Hindu Business Line : Sunday, June 19, 2005

Accord at Reliance
Mukesh gets oil, petrochem; telecom, energy for Anil
The Rs 90,000-crore empire established by late Dhirubhai Ambani over 25 years will be divided between his two sons — Mukesh and Anil — in a deal chalked out by their mother, Kokilaben Ambani. In a statement to the media, Ms Ambani ... More

Ambanis burn the midnight oil to put a formal pact in place
MR Mukesh Ambani, Chairman, Reliance Industries Ltd, was pushing the deadline to wrap up the dispute with his younger brother, Mr Anil Ambani as he walked into Friday's late night meeting. The meeting was one in a series of recent crucial ... More

No need for Govt intervention: Chidambaram
India Inc must adopt more transparent system: P.C. Gupta
THE Union Finance Minister, Mr P. Chidambaram, said on Saturday that he was happy that the Ambani siblings (Mr Mukesh Ambani and Mr Anil Ambani), owners of India's largest private industrial house, the Reliance group, have resolved their ... More

Reliance Ind: The build-up of a fascinating drama
SET in the country's financial capital, the events last seven months in the Reliance group had all the shades of a Bollywood drama. There was the non-business element of society gossip, allegations for tempo and a jittery stock market ready to ... More

Brokers feel Sensex may touch new high
THE Bombay Stock Exchange Sensex could test all-time highs next week with the ownership dispute between the Ambani brothers settled. The end of the seven-month-old rift between the Ambani brothers over ownership is seen as being positive for ... More

What's Reliance Infocomm worth?
EVEN as the finer details of the Ambani settlement are being hammered out, the crucial question is: How much is the telecom business under Reliance Infocomm worth? It could be anything in the region of Rs 25,000-30,000 crore, depending on the ... More

Settlement at Seawind after marathon meeting
TRUCE was finally called on the battle for control of the Reliance empire in the wee hours of Saturday at Seawind, the Ambani family residence here. The marathon meeting that lasted through Friday night and ended only at 5.00 a.m. on Saturday ... More

Reliance Ind: Now, to wait for the details
THE best part of the Reliance settlement is that it happened; the worst is that there are no details available other than the broad contours. So, we now know that Mr Mukesh Ambani will get complete control over flagship Reliance Industries and ... More

Carve-out will be watched closely by the taxman
THERE is unlikely to be any tax implication for shareholders in Reliance Industries following a restructuring of businesses in the group. However, the Ambani brothers, who have arrived at a deal to settle ownership issues, may find it ... More

`Business empires will witness splits much earlier'
GONE are the days when family-run businesses split when third generations take charge. The Reliance episode has shown that in a strongly competitive world, family ties hold lesser pull and business empires will split much earlier, according to a ... More

Chambers express confidence
THE reconciliation and amicable settlement between the Ambani brothers has been welcomed by the apex chambers today. Reacting to the reconciliation, the Confederation of Indian Industry (CII) said that the move would provide strength ... More

COURTS/LEGAL ISSUES

Bombay Dyeing moves court against Pantaloon
BOMBAY Dyeing has moved court against Pantaloon Retail (India) over its manufacture and sale of Beautycale - a product Bombay Dyeing says closely resembles its popular bedsheet brand Beaucale. A Bombay Dyeing & Manufacturing official said ... More

CORPORATE BONDS

Rain Industries allots NCDs
HYDERABAD: Rain Commodities Ltd announced that the board of directors of its wholly owned subsidiary, Rain Industries Ltd, at a meeting held on Thursday allotted 1,12,78,000 secured non-convertible redeemable debentures of Rs 100 each with ... More

FIXED DEPOSITS

FD options
Cholamandalam Investment: The one-year fixed deposit programme of Cholamandalam Investment and Finance Company appears an attractive option. The company offers 6 per cent with interest being paid either quarterly or annually. To ... More

NEW PROJECTS

MSP Steel may complete expansion by Sept
MSP Steel & Power Ltd, part of the Kolkata-based Rs 287-crore MSP Group, expects to complete its ongoing expansion and modernisation project by September. Addressing reporters here, its directors, Mr Saket Agrawal and Mr Manish Agrawal, said . More

Hindujas plan hospital in Sri Lanka
This was revealed by Mr Sanjay Sudhir, First Secretary, Indian High Commission, Colombo, at a seminar on `Tamil Nadu - Leveraging trade agreements for growth' organised here by the Confederation of Indian Industry (CII). He said the group ... More

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