EXPRESSINDIA.COM The Indian Express Group _________________________________________________________________ The Financial Express daily newsletter Edition of Tuesday, December 28, 2004 _________________________________________________________________ ********************* THE FINANCIAL EXPRESS ********************* TODAY'S TOP STORIES ******************* Anil takes battle to Reliance boardroom On a day of dramatic action, the Reliance Industries Ltd board on Monday approved a buyback of shares at a maximum price of Rs 570 per share, payable in cash, up to an aggregate amount not exceeding Rs 2,999 crore. The board decided on the buyback with Anil Ambani, vice-chairman and managing director, abstaining on the issue. http://www.financialexpress.com/fe_full_story.php?content_id=78140 _______________________________________________________________ Anil Ambani hints at insider trading in RIL stock Dropping a virtual bombshell just before stepping into the RIL board meeting, RIL vice-chairman and managing director Anil Ambani said on Monday that the proposed buyback was �completely inappropriate� and that he was not consulted or informed of it before the company informed the bourses. http://www.financialexpress.com/fe_full_story.php?content_id=78141 _______________________________________________________________ Big buybacks, but little cheer for investors Most of the corporates that had announced buyback through stock exchanges since 2000 have bought shares much less than the offer size, despite their shares trading below the offer price for a large number of days during the buyback period. http://www.financialexpress.com/fe_full_story.php?content_id=78142 _______________________________________________________________ FM for simple, friendly tax regime Finance minister P Chidambaram has promised to come out with a simplified, investor-friendly tax regime for the textiles, telecom, sugar and petroleum sectors in the next Budget. http://www.financialexpress.com/fe_full_story.php?content_id=78143 _______________________________________________________________ Loud and confident ringtones The year ahead will see the telecom sector sustaining its fast pace of growth. Key indicators like increasing subscriber numbers and greater penetration augur well for the industry. http://www.financialexpress.com/fe_full_story.php?content_id=78144 _______________________________________________________________ /------------------------ advertisement ------------------------ No 1 Indian Matrimonials - 550,000+ members, 150,000+ photo profiles, 16,000+ successful matches! Register & Contact members for FREE!! http://ads.expressindia.com/adsnew/adclick.php?bannerid=400&zoneid=63&source=&dest=http%3A%2F%2Fwww.shaadi.com%2Findex.php%3Fptnr%3Dieom ------------------------ advertisement ------------------------/ Edits & Columns ******************* The 700 mn opportunity The PM�s address to all CMs in a conference on rural poverty alleviation and prosperity through panchayati raj in end- June was a watershed. Panchayats have been in the statute for a decade but their empowerment has not been a universal priority for state governments. http://www.financialexpress.com/fe_full_story.php?content_id=78095 Jurisdiction issues in a shrinking world As the commercial world grows, or perhaps shrinks, with cross border transactions and multi-territorial causes of action, the issue of jurisdiction assumes complexities. http://www.financialexpress.com/fe_full_story.php?content_id=78093 Countdown for Asian economic integration India�s strengths in software and services fruitfully complement the hardware and manufacturing prowess of east Asia and together could produce a formidable strategic combination. http://www.financialexpress.com/fe_full_story.php?content_id=78088 More in Edits & Columns at http://www.financialexpress.com/edits&columns.html _______________________________________________________________ Economy ******************* Patent ordinance eases processing, removes exclusive marketing rights http://www.financialexpress.com/fe_full_story.php?content_id=78103 �Improve core sector to tap potential in tourism� http://www.financialexpress.com/fe_full_story.php?content_id=78104 BIFR to revamp B&R next month http://www.financialexpress.com/fe_full_story.php?content_id=78108 More in Economy at http://www.financialexpress.com/economy.html _______________________________________________________________ Politics ******************* Parties tell workers to heal wounds of black Sunday http://www.financialexpress.com/fe_full_story.php?content_id=78091 Uma back in Delhi, to meet party brass http://www.financialexpress.com/fe_full_story.php?content_id=78094 More in Politics at http://www.financialexpress.com/politics.html _______________________________________________________________ Walk The Talk ******************* The masters who build India Inc http://www.financialexpress.com/fe_full_story.php?content_id=78097 More in Walk The Talk at http://www.financialexpress.com/walkthetalk.html _______________________________________________________________ International ******************* Tsunami toll tops 21,000, rush to find bodies http://www.financialexpress.com/fe_full_story.php?content_id=78081 Measuring earthquakes by magnitude http://www.financialexpress.com/fe_full_story.php?content_id=78085 Asian shares, currencies slide http://www.financialexpress.com/fe_full_story.php?content_id=78086 More in International at http://www.financialexpress.com/international.html _______________________________________________________________ News ****************** Sinha critises UPA�s �vascillation� over reforms http://www.financialexpress.com/fe_full_story.php?content_id=78105 Shrimp exporters to US to appeal against customs bond http://www.financialexpress.com/fe_full_story.php?content_id=78106 India urges Saarc nations to preserve traditional knowledge http://www.financialexpress.com/fe_full_story.php?content_id=78107 More in News at http://www.financialexpress.com/news.html _______________________________________________________________ >From The South ******************* PM, Sonia to visit TN today http://www.financialexpress.com/fe_full_story.php?content_id=78145 India starts airdropping food to Maldives http://www.financialexpress.com/fe_full_story.php?content_id=78146 `Tsunami not to hit on-going projects' http://www.financialexpress.com/fe_full_story.php?content_id=78147 More in From The South at http://www.financialexpress.com/fromthesouth.html _______________________________________________________________ ********************* CORPORATES & MARKETS ********************* Front Page ******************* Committee to appoint valuers for Reliance Info http://www.financialexpress.com/fe_full_story.php?content_id=78120 RIL panel for corporate governance http://www.financialexpress.com/fe_full_story.php?content_id=78119 Spat simmers beneath civility http://www.financialexpress.com/fe_full_story.php?content_id=78122 More in Front Page at http://www.financialexpress.com/cm/frontpage.html _______________________________________________________________ Money & Banking ******************* Private sector banks outperform public sector peers in productivity terms http://www.financialexpress.com/fe_full_story.php?content_id=78098 IDBI staff write to speaker over transfer of NPAs to SASF http://www.financialexpress.com/fe_full_story.php?content_id=78099 SBI, Eicher Motors join hands to offer flexible finance solutions http://www.financialexpress.com/fe_full_story.php?content_id=78100 More in Money & Banking at http://www.financialexpress.com/cm/money&banking.html _______________________________________________________________ Markets & Commodities ******************* Sensex sets new intra-day, closing highs, up 14.97 pts http://www.financialexpress.com/fe_full_story.php?content_id=78125 RIL stock yo-yos on buyback news, F&O volumes jump http://www.financialexpress.com/fe_full_story.php?content_id=78126 Aberdeen Asset acquires 5.1% stake in Satyam http://www.financialexpress.com/fe_full_story.php?content_id=78128 More in Markets & Commodities at http://www.financialexpress.com/cm/markets&commodities.html _______________________________________________________________ Back Page ******************* Container freight rates to go up http://www.financialexpress.com/fe_full_story.php?content_id=78132 Woodland on the hunt for outsourcing units aborad http://www.financialexpress.com/fe_full_story.php?content_id=78133 Mayar eyes tie-ups in herbal healthcare http://www.financialexpress.com/fe_full_story.php?content_id=78134 More in Back Page at http://www.financialexpress.com/cm/backpage.html **************************************************************************************** Visit us at http://www.expressindia.com for indepth coverage of news from around India, updated round the clock. 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