Ambani family MoU only a guiding tool: RIL Counsel

RIL\'s Counsel Harish Salve said RNRL knew that any agreement would need board approval and shareholder approval, reports CNBCTV18\'s Nayantara Rai. Ram Jethmalani, Senior Counsel for RNRL said that the hearing has made significant progress because now Harish Salve admits that from a worthless piece of paper the MoU is a guiding tool.

How can India Inc cover risks in crossborder transactions?

As Indian companies gear up for mergers and acquisitions overseas, there is a growing need for covering the risks of such cross border transactions.

Expert strategies, sectors to trade mkts now

Buying interest across sectors, positive global cues, beginning of the government\'s divestment programme, and unveiling of the first discussion paper on GST regime has propelled the Nifty above the 5,000 mark for the first time in the last 14 sessions.

What are Carlos Ghosn\'s India plans for RenaultNissan?

As the buzz around a crack in the MMRenault partnership grows stronger, RenaultNissan top boss Carlos Ghosn says both partners are open to finding their individual interests in their ongoing partnership.

RenaultNissan, MM future being discussed: Carlos Ghosn

In an exclusive chat with CNBC TV18, Renault Nissan CEO Carlos Ghosn said both Renault and MM are open to finding their individual interest in the ongoing partnership as Logan did not meet expectations. For the loss of about Rs 500 crore in the Logan project, Ghosn says that both parties are discussing the future of the partnership.

US markets open marginally higher

At 20.01 hrs (IST) The US markets opened marginally higher. The Dow Jones Industrial Average was up 47.61 points, or 0.46%, to 10294.58. The Nasdaq was up 14.79 points, or 0.69%, to 2165.87 while the SP 500 was up 6.65 points or 0.61% to 1099.66.

Shree Renuka Sugars acquires VDI in Brazil

Shree Renuka Sugars Limited (“SRSL”) is pleased to announce that it has entered into Definitive Agreements for the acquisition of Vale do Ivaí S.A. Açúcar e Álcool (“VDI”), a Brazilian sugar and ethanol production company.

Weak dollar, liquidity to continue driving mkts higher

The Nifty made a big move yet again after yesterday’s pause and was up 122 points, above 5,000 in six day’s time after the correction. So there clearly is a sign of momentum which is building up once again and the dollar just does not have any strength at all despite threatening to bounce back.

Google, MTNL may jointly bid for WiMax spectrum

Online search giant Google is in talks with stateowned operator MTNL to jointly bid for WiMax spectrum reports CNBCTV18\'s Kritika Saxena. Google is keen on holding 50% of the joint venture.

APEC ministers urge flexible FX to ease imbalances

AsiaPacific finance ministers were set to call for flexible exchange rates among measures to try to reduce global economic imbalances that were at the heart of the financial crisis.

AIG`s Benmosche threatened to leave WSJ

Unhappy over constraints imposed by US government overseers, American International Group Incorporation Chief Executive Robert Benmosche told the company\'s board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter.

Honda CEO: no immediate recovery in traditional markets

Honda Motor Company does not expect an immediate return to growth in its traditional markets, Chief Executive Takanobu Ito said on Wednesday.

Italy rejects Bari`s 2020 Olympic bid

Bari\'s dream of becoming Italy\'s candidate city for the 2020 Olympics all but evaporated in a matter of hours on Wednesday after officials said the bid was inadmissible.

Reliance may sell stake in foreign blocks

Reliance Industries may sell stakes in some of its overseas exploration blocks, Executive Director P.M.S. Prasad told reporters on Wednesday.

Final AustraliaIndia ODI washed out

The final oneday international between Australia and India was washed out without a ball being bowled on Wednesday.