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Reliance Industries agrees on merger with RPL, swap ratio at 1:16
( 02-Mar-2009 )

Mumbai, Mar 2 (ANI): The board of directors of Reliance Industries headed by Mukesh Ambani on Monday agreed to merge with its refinery subsidiary, the Reliance Petroleum Ltd. (RPL). Both the companies, in their respective filings, agreed on one equity share for the RPL shareholders and 16 for the R ....
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Satyam to invite bids for strategic partner, says Karnik
( 02-Mar-2009 )

Mumbai, Mar 2 (ANI): Satyam Computers Chairman Kiran Karnik said on Monday that the company board is planning to invite bids for a strategic investor in the next few days.   "We plan to invite bids in the next few days (and) have worked out the modalities for that, which now needs SEBI approval," ....
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Rising prices deter gold buyers in Kolkata
( 02-Mar-2009 )

Kolkata, Mar 2 (ANI): The rising gold prices have proved a deterrent to buyers of ornaments in Kolkata. A four-day matrimonial fair saw people from all over the city thronging the venue to buy gold, but the high prices left the people disappointed. "The global slowdown has become a big problem. It ....
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Fidelity raises stake in Satyam to 10.17 per cent
( 02-Mar-2009 )

Mumbai, Mar 2 (ANI): Even as the Satyam Board is still in the process of finding a strategic investor, Fidelity Management and Research LLC (FMR LLC) has hiked its stake in the company to 10.17 per cent with the purchase of 18.27 lakh worth of shares. Fidelity now holds 6.85 crore shares of Satyam ....
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Deal to save jobs at TATA-owned Jaguar on anvil
( 25-Feb-2009 )

London, Feb.25 (ANI): A deal to save hundreds of jobs at the TATA-owned carmaker Jaguar Land Rover (JLR) is on the anvil.   According to Sky News, the deal with the unions should save JLR 60 million pounds. Staff at the firm has been voting on proposals to cut their hours and freeze pay in excha ....
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