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| Gas row: RNRL accuses govt of siding with RIL | 19-NOV-09 |
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| The Anil Ambani group today accused the government of being a party to the "conspiracy" with Mukesh Ambani firm Reliance Industries (RIL) to "destroy" it but dropped its opposition to the Petroleum Ministry putting its stand before the Supreme Court. |
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| Will incur heavy loss if K-G gas is not sold to priority customers: Govt | 19-NOV-09 |
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| The government will incur a loss of Rs 75,000 crore if the gas from Reliance Industries Ltd’s (RIL’s) D-6 block in the Krishna-Godavari basin is not sold to priority customers like fertiliser and power sectors, additional solicitor general Vivek Tankha told the Supreme Court today. |
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| RIL mulls entry into low-cost housing | 19-NOV-09 |
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| After successfully dabbling in organised retail in 2006, Mukesh Ambani, chairman of India’s largest private sector company, Reliance Industries (RIL), has now set his eyes on no-frills, low-cost housing. |
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| Big back in fashion for retailers | 19-NOV-09 |
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| Small is no longer beautiful for retailers. With customers returning to the shops, almost all retailers are now focusing on large format stores (15,000 to 20,000 sq ft or above) that allow them to sell a larger number of items and trigger higher consumer spending compared to the smaller, convenience formats where it’s becoming increasingly difficult to make money. |
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| Where you sit | 19-NOV-09 |
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| Most people in public life know that where you stand depends on where you sit. When Additional Solicitor General Mohan Parasaran began arguing the government’s case in the fight between Mukesh Ambani’s Reliance Industries Limited (RIL) and Anil Ambani’s Reliance Natural Resources Limited (RNRL), he happened to sit on the same side as RNRL’s lawyers. Ram Jethmalani, who is one of RNRL’s lawyers, objected and said, “You should move to the other side (near the RIL lawyers) since this makes it appear that you (the government) are in collusion with me (RNRL). |
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| Ambani gas row: Govt must approve suitable arrangement | 18-NOV-09 |
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| The government today asserted in the Supreme Court that any suitable arrangement between the Ambani brothers for the supply of gas from K G Basin has to be approved by it keeping the national interest paramount. |
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| PowerGrid gives telecom network to BSNL on rent | 18-NOV-09 |
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| Power Grid Corporation of India Ltd (PGCIL) has initiated talks with the public sector telecom service provider, Bharat Sanchar Nigam Ltd (BSNL), to see if the latter is interested in leasing space from its towers, of which the former has around 500,000.
Speaking to Business Standard, S K Chaturvedi, chairman and managing director, PGCIL, who was here to launch the country’s largest tower testing facility set up by Larsen & Toubro at Kanchipuram near Chennai, said the corporation has |
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| Mukesh Ambani lays out aggressive vision for RIL | 18-NOV-09 |
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| Mukesh Ambani, chairman of Reliance Industries Ltd, India’s largest private company, today laid down a road map for business transformation and value creation for the company at its 35th annual general meeting. |
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| 'Do we need a new spectrum policy?' | 18-NOV-09 |
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| Telecom spectrum and licensing reform are key to India’s economic future. A recent research carried out by Indian Council for Research on International Economic Relations (Icrier) shows a 10 per cent increase in mobile penetration raises GDP growth by 1.2 percentage points. The spectrum and licensing policy will determine whether the industry can deliver a long-term growth or will die a “death by a thousand cuts” — uncertainty and fragmentation may cause higher costs which, in the end, must be passed on to consumers. The long-term future of the industry is at stake. There is no room for complacency, or giving way to vested interests. |
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| RIL to invest Rs 500 cr in Reliance Foundation | 17-NOV-09 |
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| Mukesh Ambani-run Reliance Industries (RIL) plans to invest Rs 500 crore to set up a philanthropic entity called Reliance Foundation with plans to scale up its contribution to Rs 1,000 crore. |
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| RIL AGM okays 1:1 bonus; Nov 27 record date | 17-NOV-09 |
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| The shareholders of the country's most valued company Reliance Industries (RIL) today approved the 1:1 bonus issue for which the company fixed November 27, 2009 as the record date. |
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| Gas is not pvt property of Ambani bros: Govt | 17-NOV-09 |
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| The government today opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property". |
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