Investors hope Reliance board meet ends spat
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Investors hope a dispute within Reliance Industries Ltd, India's largest private sector company, which has weighed on markets for over a month, will soon be resolved after the chairman's surprise offer to surrender a stake in a group firm.
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The Reliance Industries&#39; board meeting on Monday promises to be a marathon and a stormy event. Dominating the agenda will be issues related to Reliance Energy, and particularly those raised by two independent
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The board of Reliance Energy, India&#39;s largest private company, have asked six directors to reconsider their decision to resign from the firm.
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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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Mumbai: Reliance shares got off to a solid start on Tuesday ahead of a key board meeting of the conglomerate&#39;s utility, as traders expect the Ambani brothers who run the country&#39;s top private sector group to bury their differences.
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Wall StreetÂs two-day rally ended yesterday as investors awaited the governmentÂs jobs report and registered their disapproval of YahooÂs biggest management shake-up in more than five years.
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Reliance Industries is torn by disputes between brothers Mukesh and Anil Ambani over the intricate ownership structure of the company left by their father.
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THE decision of the board of Reliance Industries Ltd (RIL) to put through the buyback proposal using the open market purchase route through the stock exchanges is largely on expected lines.
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The future of Rs 90,000 crore Reliance group could be at stake when the Board of Directors of the flagship company Reliance Industries meets here tomorrow in the wake of the feud between two Ambani brothers Mukesh and Anil, whose father Dhirubhai had
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MUMBAI, Dec. 27. - Mr Anil Ambaniâs opposition to the buy-back proposal was reiterated at the RIL board meeting here today. Before entering the board room he quoted a Chinese philosopher: âObjective
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The chief of India&#39;s largest private company, Reliance Industries, calmed investor jitters Monday, saying his comments in an interview about an ownership dispute were &quot;torn out of context.
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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.
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Shares on India's main stock exchange shoot to a record high on signs that a dispute at leading conglomerate Reliance is coming to an end.
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Mumbai: The Board of Directors of the Reliance Energy Ltd (REL) on Tuesday requested the six Directors to reconsider their resignation.
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MUMBAI: Declaring a war against warring elder brother Mukesh, Reliance Industries Ltd Vice Chairman and Managing Director Anil Ambani on Monday lashed out at the proposed buyback ahead of the crucial board meeting questioning the intentions of the move.
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Mumbai: The Securities and Exchange Board of India is likely to ask the stock exchanges to investigate the transactions in the RIL scrip ever since the ownership issue between Mukesh Ambani and his younger brother Anil broke out on November 17.
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A rift between the Ambani brothers, who run India's Reliance conglomerate, is unlikely to be resolved soon, the younger brother indicated on Thursday after six directors resigned from the board of Reliance Energy Ltd..