Ambani feud Mukesh company threatens Anil’s RCOM of arbitration; but says, let’s first try to make up through mutual conciliation
New Delhi, July 3: With just five days left for Anil Ambani's Reliance Communications Ltd (RCOM) to strike a deal with South Africa's MTN, Mukesh Ambani-promoted Reliance Industries Ltd (RIL) today called RCOM for mutual conciliatory talks before initiating formal arbitration.
Even as the date for economic-cooperation talks nears, countries yet to resolve certain issues
Producers will be told to compel retailers to stick to the price line
New Delhi, July 1: Concerned over prices of various steel products rising by 10 per cent, steel ministry is going to ask the producers on Thursday to correct market distortions and do some plain-speaking with their retailers to pass on the benefits of the frozen price line to the end-consumers. If the producers fail to hold the line, the ministry will examine ways to control the prices.
MUMBAI, JUNE 30: Dalal Street extended losses for the second successive session on Monday with the Sensex shaving off another 341 points as high inflation, rising interest rates, record high oil prices and political concerns continued to haunt the markets. The Sensex plunged another 341 points or 2.47 per cent at 13,461.60, thereby taking the total losses for the month to 18 per cent, or 2,954 points — the biggest monthly drop since May 1992.
NEW DELHI, JUNE 16 : Prospects of air travel becoming more affordable continue to remain slim, with state governments once again deferring a decision on reducing sales tax on aviation turbine fuel (ATF). States have asked the Centre to provide a detailed explanation on how ATF price is fixed before they can take up the issue. However, informed sources hinted that states were unlikely to take a favourable decision on the matter even then.
Subprime crisis choked the US economy, shareholders lost piles of wealth, employees feared layoffs, but chief exceutives had a 3.5 per cent pay increaseRACHEL BECK &
NEW YORK, june 16: As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.
MUMBAI: Though Ranbaxy and Daiichi Sankyo announced the takeover deal only on Wednesday, a section of marketmen got wind of the deal on Monday itself. The Sensex plunged by 506 points on Monday, but Ranbaxy share rose by 3.86 per cent to Rs 526.40. On Tuesday, the Sensex fell by 177 points, but Ranbaxy scrip shot up by 6.52 per cent to Rs 560.75. The scrip touched a high of Rs 592.70 before closing flat at Rs 560.80 on Wednesday after both the companies made the deal public.
NEW DELHI, JUNE 8: In what seems to be a populist move to allure voters, the government may not reduce interest rate for Employees Provident Fund Organisation (EPFO) subscribers to 8.25 per cent in 2008-2009. Sources said that the government would retain interest rate at the current 8.5 per cent.
The Central Board of Trustees (CBT), headed by Labour Minister Oscar Farnandes, is likely to make an announcement in this regard after a meeting on June 17.
The Tata group has emerged as the world’s sixth most reputed company, but the country’s most valued firm Reliance Industries failed to make the grade in the annual “Global 200: The World’s Best Corporate Reputations” list, compiled by US-based Reputation Institute.
1.Toyota
2.Google
3.Ikea
4.Ferrero
5.Johnson & Johnson
CALL for all DoT’s Draft guidelines allow both Indian and foreign firms to bid for third-generation spectrum even if they do not have licences
NEW DELHI, JUNE 5: The Department of Telecommunications (DoT) today said both Indian and foreign companies could bid for third-generation (3G) spectrum even if they did not have licences to provide telecom services. They could be issued unified access service licences (UASL) once they are successful in bidding, DoT said in its draft guidelines on auction and allotment of spectrum for 3G services.
