Reliance Power falls 17% on debut
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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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British Gas customers will see their gas bills fall by 17% and electricity by 11% on Monday.
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Shares in James Hardie Industries have fallen sharply after the embattled building products group posted a 17 percent fall in net profit blamed on the costs of an inquiry into its handling of compensation claims by asbestos victims.
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The investment firm posts a strong profit report, but shares slid.
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Given the circumstances, the Reliance Industries management had hardly any option but to announce a buy-back of shares at a substantial premium.
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The first battle lines were drawn today with six directors of Reliance Energy Limited (REL) resigning. REL is run by Vice Chairman of Reliance Industries Limited, Anil Ambani.
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British oil and gas firm Cairn Energy has seen profits drop 40%, but reports strong reserves in its Indian oil fields.
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The share flotation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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MUMBAI: Amid reports that announcement of Rs 11,000 crore investment in Uttar Pradesh by Reliance Energy was among the reasons for rift between the Ambani brothers, REL on Tuesday decided to approach parent company Reliance Industries Ltd on its future
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Shares of the worldâs biggest maker of mobile networks fell 24% after announcing a drop in third-quarter profit amid weaker demand for equipment in Europe and the U.S.
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India's Tata Steel said its acquisition of Anglo-Dutch steelmaker Corus is a &quot;visionary move&quot; but investors were giving the deal a thumbs down as too expensive and sent the stock plunging more than 9.5 percent.
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A rift between the Ambani brothers who run the country&#39;s business conglomerate - the Reliance Group - today spilled into the board room of power utility Reliance Energy Ltd.
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Shares in Cairn Energy plummeted 20 per cent on Friday after the oil explorer announced it had failed to strike oil in a new field in the Indian state of Rajasthan.
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3M Co. MMM.N on Monday reported a 17  percent rise in third-quarter earnings due in part to the weak  dollar, but the diversified manufacturer's results fell short  of Wall Street's estimates for the first time in nearly four  years, sending shares down 5 percent.
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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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[Business India]: Mumbai, Nov 25 : A rift between the Ambani brothers who run the country&#39;s business conglomerate - the Reliance Group - today spilled into the board room of power utility Reliance Energy Ltd.
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Reliance Communications, India's second-largest mobile operator, is seeking to raise as much as $1.5bn by listing its telecom infrastructure unit, in defiance of difficult conditions for fresh offerings after a sharp fall in stock markets.