Six board members quit India's Reliance group unit, send shares tumbling
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A family ownership battle at India's biggest private business conglomerate Reliance intensified after six directors of subsidiary Reliance Energy quit, sending group company shares tumbling.
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The Finnish telecom giant puts down roots in India.
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Another new policy at Marsh &amp; McLennan Cos. (nyse: MMC - news - people ): The insurer said yesterday that five directors--all company executives--are leaving its board.
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The board of Indian conglomerate Reliance has agreed a share buy-back, to counter the effects of a power struggle in the controlling family.
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The board of Reliance Energy, a unit of Reliance Industries, said the six directors, all long-time employees of the group, would resume their normal duties and that it continued
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Shaharyar Khan resigns as chairman of the Pakistan Cricket Board (PCB), according to a senior official.
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Goldman Sachs Group Inc was fired as a stock-picker by the Massachusetts state pension fund on Tuesday after delivering lackluster returns and reorganizing some of its investment groups.
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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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Israel's army sacks six reserve officers for their call to disobey orders to evacuate Jewish settlements in Gaza.
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The Reliance Board met today and gave the go-ahead for the buyback of shares from stockholders at Rs 570 per share, making it India&#39;s largest equity buyback.
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NEW YORK -- Embattled insurance broker Marsh &amp; McLennan Cos. said yesterday that five members of its board of directors -- all of them executives of the company -- are leaving the board.
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Shares in Reliance Power fall 17% on their first day of trading in India's biggest stock market flotation.
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The dismal performance of Reliance Power's much-anticipated market debut is the latest Asian IPO to turn sour
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That there are problems between the Ambani brothers is not news, but Mukesh Ambaniâs admission that there could be a change in the equity pattern of the Reliance group caused the share prices of Reliance companies to drift downwards.
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The Board of Directors of Reliance Energy Ltd. would meet this week to consider the resignations of 6 of its 14 directors, a statement from the country&#39;s second-largest power utility said.
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Shares in India's Tata Steel have plunged more than four percent after it raised an offer to buy Anglo-Dutch steelmaker Corus by nearly 10 percent.
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MUMBAI: The key stock market index was range-bound in the early trade on Monday as corporate behemoth Reliance Industries began its crucial board meeting to consider a share buyback programme.