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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Stocks were set to open higher on Thursday as results from mobile phone maker Motorola Inc. and fellow tech leader EMC Corp  helped ease worries about third-quarter earnings.
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The onslaught of takeovers has helped to lift prices of most REIT shares.
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&quot;I am shaken. For the first time in the past 27 years I am inclined to sell Reliance shares,&quot; says Ashwin Mehta, a Mumbai-based chartered accountant and a Reliance Industries shareholder.
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[Business India]: Mumbai, Dec 27 : Corporate behemoth Reliance Industries Monday approved one of corporate India&#39;s largest share buyback programmes with a view to curbing volatility in company stocks that have been badly hit by an ownership slugfest.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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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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Mining stocks made gains on Thursday amid talk of further M&A activity.
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[Business India]: Mumbai, Dec 27 : Corporate behemoth Reliance Industries Monday approved business India&#39;s largest share buy-back programme with a view to curb volatility and vowed to retain the group&#39;s integrated structure.
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[Business India]: Mumbai, Nov 26 : The much talked about family feud over the control of Reliance Industries, India&#39;s largest industrial house, is set to turn into a full-fledged boardroom battle that may entail a revamp of the company&#39;s management.
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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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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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The share floatation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.
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[Business India]: Mumbai, Nov 21 : As millions of Indians are held in thrall by reports of a family feud in Reliance Industries, the country&#39;s largest company, experts say it would be premature to talk about a split as yet.
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[Business India]: Mumbai, Dec 26 : Reliance Industries Board is likely to fix tomorrow a price of around Rs 550 a share for the proposed buyback of the company&#39;s equity that had taken a beating in the last one month following the battle between Ambani
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Reliance Industries Ltd., India's top petrochemicals maker, reported on Monday a forecast-beating 39 percent rise in quarterly profit, boosted by a doubling of refining margins and a surge in product prices.
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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.