Reliance denies any family row
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Share in India's Reliance Industries rally after the brothers at the head of the group deny any rift over leadership.
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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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The board of India's biggest private enterprise, Reliance Industries, approved a share buyback, ignoring objections from the vice-chairman who is battling with his brother for control over the firm.
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Reliance Energy Ltd, headed by Anil Ambani, on Tuesday said it would not allow speculators to gain advantage of the &quot;extra-ordinary events&quot; related to the group during the share buyback period which has been extended by three months to March 17.
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Buckingham Palace refuses to confirm a report that a Royal Family member was the subject of a blackmail bid.
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A spokesman for the Glazer family denies reports that they are considering selling Manchester United.
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Malaysia Wednesday denied it had frozen the recruitment of workers from India, after reports quoted officials saying a ban was in place as the government cracks down on dissent by ethnic Indians.
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Caught in a row with elder brother Mukesh Ambani over the ownership of Reliance empire, Reliance Energy chairman and managing director Anil Ambani on Sunday sought to enlist support of all the 25,000 strong workforce of the company saying like them he was
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Mumbai, Nov. 30 (PTI): Reliance Energy CMD Anil Ambani, who is engaged in a tussle with his brother Mukesh, over the control of the Rs 90,000 crore business empire, today avoided the media after attending the crucial Board meeting.
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Indian businessman Anil Ambani, locked in a battle for ownership of the country's largest private enterprise Reliance, has questioned moves by his older brother Mukesh to assert full control, a source close to the group said.
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Venezuela's state-run oil firm denies that Exxon Mobil has won a court order to freeze up to $12bn of its assets.
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The public spat between the Ambani brothers moved no closer to a resolution on Sunday with the issue not having been discussed when they met their mother, Kokilaben, separately, sources in Mumbai said.
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Malaysia says there is no ban on workers from India, but officials say a more stringent policy is in place.
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Indian tycoon Ratan Tata says he could give no guarantees over the safety of jobs, following his firm's successful bid for Anglo-Dutch steelmaker Corus Group Plc.
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Reliance Energy on Tuesday decided to approach its principal shareholder Reliance Industries on &quot;matters concerning the future prospects of the company&quot; and reposed full faith in the present management led by chairman and managing director Anil Ambani.
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Reliance Industries Ltd vice-chairman Anil Ambani said on Monday a share buy-back at this time was &quot;completely inappropriate&quot; and that he was neither consulted nor informed of the proposed share buy-back.
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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.