Reliance Stock Drops as Resignations Stoke Concern on Ownership
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Shares at Reliance Industries Ltd. fell for a third day after six directors quit at a subsidiary, stoking concern a dispute between the Ambani brothers, who manage India&#39;s biggest private company, may disrupt the business.
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Reliance Industries is likely to be under pressure to announce a share buyback at an attractive price at Monday&#39;s board meeting, analysts said.
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The board of Reliance Energy, India&#39;s largest private company, have asked six directors to reconsider their decision to resign from the firm.
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New Delhi, Nov. 22 (PTI): Shares of Reliance group companies recovered in late trading today with Chairman Mukesh Ambani, making clear his statement on the &quot;ownership issues&quot;, which lifted the sensex by 2.09
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Mainland stock markets slid lower on Monday on news that the government was taking over four troubled brokerages, causing concern that further crackdowns lie ahead.
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Six directors at Reliance Energy resign amid a growing family row over ownership of India's largest private company.
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Reliance Industries Ltd., India&#39;s biggest non-state company, approved a share buyback plan disregarding opposition from Vice Chairman Anil Ambani amid a spat between the brothers running the company.
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MUMBAI, AUG 23: Shares of steel firms fell in the range of 4 to 7 per cent early on Monday after top producers slashed prices amid government concerns about spiralling inflation, traders said.
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U.S. stocks dropped on Thursday, led lower by financial shares after an analyst warned of larger mortgage-related write-offs, while an assassination of Pakistan's' opposition leader Benazir Bhutto sparked fears of global unrest.
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MUMBAI: The redrawing of lines of authority in Reliance seems to have sparked off the current discord between the two Ambani brothers.
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Reliance Industries agrees to buy back millions of shares, hoping to reverse a slump caused by a feud in the controlling family.
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Stocks fell on Tuesday with the Nasdaq   declining more than 1 percent after Yahoo Inc. warned on its   quarterly outlook, while the Thai prime minister declared a   state of emergency in his country.
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India's Reliance feud took another turn as younger brother Anil Ambani quit as vice-chairman and director of group affiliate Indian Petrochemicals Corporation Ltd., a Reliance official said on Monday.
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The stock market plunged as investors were hit by fresh worries over declining consumer confidence, falling house prices, shrinking profits and uncertainty.
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The board of Reliance Energy Ltd (REL) met on Tuesday and requested its six directors to reconsider their resignations. A Reliance Energy spokesperson told reporters that the &quot;the board reposed full trust
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BOMBAY  - Investors in Reliance group companies are counting the cost of the ownership spat between the the Ambani brothers since it emerged into the open two weeks ago, undercutting confidence in India&#39;s largest private group and a key shareholding
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Wall Street stocks fell on Tuesday sterday as concerns about the US consumer and worries about the health of financial companies weighed on equities.