SIBLING RIVALRY
Anil Ambani’s Reliance Communications (Rcom) and South African telecom giant MTN on Friday announced they were calling off talks to creating a $66 billion telecom group. "The two sides were unable to conclude the transaction due to certain regulatory issues," said a RCOM spokesperson. A deal between the two companies would have created a telecom group with operations in about two dozen countries. The potential deal hit a roadblock when Mukesh Ambani, Anil’s elder brother and Reliance Industries Ltd chief, put in a legal objection.
Sources say that growth in money supply is likely to cool off soon.
Shares in Wipro rose three per cent in the June quarter.
Merger of Idea Cellular and Spice Communication is under DoT scrutiny.
India will not grow at 9.3 pc as predicted, says the IMF.
Companies across sectors have stopped recruiting new people.
With home loan rates going up, many banks suggest alternative payment routes.
Taken a home loan or a car loan? Read on. Banks hike interest rates
The great rush to file I-T returns begins as July 31 deadline draws near.
The most important tip: don’t wait till July 31 to complete paperwork.
Nifty slipped below 4000 mark again and Sensex is hovering around 13000.
Sensex was down 63 points at 13,406 while Nifty up 10 points at 4,059.
