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Tuesday, December 21, 2004
RIL board to consider share buyback
MUMBAI, DEC. 20. The board of directors of Reliance Industries Ltd (RIL) will meet on December 27 to consider the buy back of equity shares of the company. This is the first meeting of the RIL board since the feud between the Ambani brothers, ...
MUMBAI, DEC. 20.Amitabh Jhunjhunwala resigned from the post of Treasurer of Reliance Industries Ltd (RIL), which is headed by Mukesh Ambani. Mr. Jhunjhunwala is considered close to the younger brother, Anil Ambani. Mr. Jhunjhunwala was a ...
Sun TV forms joint venture
NEW DELHI, DEC. 20.Sun TV Private Limited (Sun TV) and Astro All Asia Networks (ASTRO) today entered into an agreement for establishment of a joint venture to "originate, aggregate and distribute television programming and channels'' to a global ...
Reliance plans more retail outlets
AHMEDABAD, DEC. 20. Reliance has planned to set up at least 450 retail outlets for transportation of fuels, diesel and gasoline in Gujarat by the end of the next year as part of its nation-wide network of over 5,000 such outlets. According to ...
Reliance Energy extends time for share buyback
NEW DELHI, DEC. 20. Coinciding with Reliance Industries' announcement of considering buying back its shares, the Anil Ambani-controlled Reliance Energy has extended the time for its own buy-back programme by another 90 days till March 17, ...
Rupee gains against dollar
MUMBAI, DEC. 20. The rupee today rallied against the U.S. currency, helped by bunched up weekend dollar supplies from foreign fund inflows and trade remittances, despite dollar demand from oil companies limiting its gains following a fresh rise ...
Administrator for UTI-I
NEW DELHI, DEC. 20.The Central Government today appointed the former Chairman of Life Insurance Corporation of India, S. B. Mathur, as the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) or UTI-I. He succeeds M. ...
Jindal Steel raises $50 m
NEW DELHI, DEC. 20.Jindal Stainless has raised $50 million through foreign currency convertible bonds to fund its integrated ferro alloys and stainless steel plants in Dhubri, Orissa.
Award for Ramadorai
MUMBAI, DEC. 20.S Ramadorai, Managing Director and Chief Executive Officer of Tata Cosultancy Services, has been selected as `Businessman of the year 2004' by Business India. Mr. Ramadorai was selected by a jury chaired by the Aditya ...
Reuters acquires Moneyline
LONDON, DEC. 20. The Reuters Group today said it was acquiring Moneyline Telerate, a market news provider, for $100 million in cash and the transfer of its 14 per cent stake in Savvis Communications. The stake in Savvis is convertible into about ...
Diamond show at Alapatt
KOCHI: Catering to the increasing popularity of diamonds, Vajrotsav 2004, a 12-day long diamond show began on Monday at the House of Alapatt, M. G. Road. The former Miss India and brand ambassador of Tribhovandas Bhimji Zaveri Bazar (TBZ), ...
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