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Editor's Desk Reliance Industries ‘(RIL) board has approved the merger of Reliance Petroleum (RPL) with the compnay and set a share swap ratio of 16:1. As per the swap ratio agreed by the boards, shareholders of RPL will get 1 share of RIL for every 16 shares held. Reliance Industries has also stated that it would buy … Read more Reliance Petroleum Swap Ratio 16:1
Foreign institutional investors (FIIs) were net sellers of Rs 463.03 crore (provisional) in the cash segment on Friday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 1,824.15 crore, their gross sales amounted to Rs 2,287.18 crore. Domestic institutional investors (DIIs) were net buyers of Rs 649.26 crore … Read more FII net sellers of Rs 463 cr in cash segment on Friday
Government-promoted telecom equipment major Indian Telephone Industries (ITI) is set to float a tender inviting foreign collaboration for manufacturing state-of-the-art telecom equipment. The Cabinet Committee on Economic Affairs, earlier this week, had cleared the proposal to revive the ailing telecom major. ITI plans to foray into manufacturing Wireless Interoperability for Microwave Access (WiMAX) equipment, optical … Read more ITI to float tender for overseas collaboration for telecom equipment
To ensure that delivery platforms owned by broadcasters don’t block competition /contents from others. Limit of restriction to increase from Company based to Entity based – If TRAI has to PUT restrictions on Crossholding ownership, then it has to take this move because no listed companies in media companies, is having direct ownership into distribution … Read more Analysis of restrictions on cross-ownership in broadcasting and distribution in media
The DoT has permitted Mobile Virtual Network Operators to operate in India. We would like to analyze the impact of MVNOs operations on MNOs [Mobile Network Operator]. CDMA operator Reliance Communications and Tata Teleservices who plan to have pan-India dual technology network will be benefited due to lower operating costs and better network utilizations. Established … Read more Impact of allowing MVNOs in India on MNOs
JM Financial Mutual Fund has announced that Sandip Sabharwal has separated from the services of JM Financial Asset Management [Or is he Fired ?] Following this, the schemes managed by him will now be managed by the existing Equity Fund Management team. Sandip Sabharwal was charge sheeted by the CBI in the Ketan Parekh Scam … Read more Sandip Sabharwal separates from services of JM Financial AMC