Share boost for feud-hit Reliance
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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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India's Tata Steel  won a bid battle for Anglo-Dutch steelmaker Corus Group   on Wednesday by agreeing to offer investors 608 pence per share in cash, or 5.75 billion pounds ($11.3 billion).
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Leading shares have ended higher as well received news from Sage Group and Wolseley added to strength in heavyweight pharmas and an early rally on Wall Street.
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Investor's Business Daily - Stock markets have soared in India for the last few years. HDFC Bank has held on for the ride.
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Shares on the Bombay Stock Exchange rise above 12,000 for the first time since May on strong growth forecasts.
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Stocks were expected to open higher on Tuesday as news of proposed mergers and acquisitions underpinned optimism about the equities outlook after the holiday weekend.
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Reliance Industries Ltd., which owns the world&#39;s third-biggest oil refinery, posted a better-than- expected 39 percent rise in second-quarter profit as India&#39;s expanding economy stoked demand for fuels and chemicals.
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By Manash Goswami  Reliance Industries, the most valuable company in India, approved a plan to buy all the shares it does not own in Indian Petrochemicals, aiming to consolidate chemicals manufacturing in one company.
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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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Stocks gained on Friday as shares of energy companies got a boost from rising oil prices.
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Share prices may gyrate, but Indiaâs exchanges are in full expansion mode.
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MUMBAI: Even as millions of Reliance Industries investors are closely following a bitter ownership row, operations at India&#39;s largest business conglomerate continue unaffected.
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Indian shares appear set to move upwards next week with the benchmark 30-share Sensex index likely to breach the 12,000 level on improved foreign fund buying sentiment, dealers said.
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Mumbai, Dec 27 (UNI) The Reliance Industries Limited Board of Directors at its meeting today, with RIL Vice Chairman and Managing Director Anil Ambani abstaining from voting, approved the proposal of buyback of the company&#39;s fully paid up equity shares of
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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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.
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Shares in Royal Dutch/Shell surged on  Thursday as a unified structure unveiled by the oil giant is  set to dramatically lift its weighting in key benchmark share  indexes.