SC issues notice to Ambani brothers

News Flash

ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA
INDIA MAY TAKE TWO YEARS TO GET BACK TO 9% GROWTH
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
DOW JONES UP 0.17%, NASDAQ UP 0.34%, S&P 500 UP 0.25%
10 LARGEST STEEL MILLS TO ACCOUNT FOR 75% OF STEEL OUTPUT
AIM TO HAVE 2 LARGE MILLS WITH 100 MT CAPACITY; TO CLOSE SMALLER ONES
WORRIED ABOUT DELAY IN AUCTION OF 3G SPECTRUM
HOPES INDIA 3G AUCTION HAPPENS EARLY
BHARTI HAS NOT SCALED DOWN ITS RETAIL PLANS
IN TALKS TO BUY CONTROLLING STAKE IN SUNIL HITECH: NW
E&Y ADVISORS FOR THE SUNIL HITECH BUY: NW
INDIABULLS OPEN OFFER LIKELY TO SUNIL HITECH SHAREHOLDERS: NW
TO MERGE STEEL MAKERS TO CREATE RIVALS FOR ARCELORMITTAL
INDIA VICTIM OF TERRORISM FROM ACROSS BORDERS FOR THE LAST 25 YEARS
EDUCATION, HEALTH CARE SECTOR NEED MORE REFORMS
FDI INFLOWS OVER $120 BN SINCE 2001-02
GROWTH ESTIMATED AT 6.5% THIS FISCAL, TO WIND DOWN FISCAL STIMULUS NEXT YR
INDIA'S ECONOMY NOW MORE OPEN TO TRADE AND INVESTMENT
ECONOMY TO GROW ESTIMATED 6.5% THIS FISCAL
INDIA TO WIND DOWN FISCAL STIMULUS NEXT YEAR
TO LAUNCH A 3 SCREEN MULTIPLEX IN KANPUR
OCT STEEL SALES UP 38% AT 4.62 LAKH TONNES VS 3.35 LAKH TONNES (YOY)
OCTOBER CRUDE STEEL PRODUCTION UP 22% AT 599,000 TONS (YOY)
OCTOBER SAW THE BEST EVER PRODUCTION IN MOST UNITS
SMS BOS < space > stock query at 56388
COPPER DOWN TO $6490/TON ON WEAK DEMAND AND US UNEMPLOYMENT DATA
CRUDE FALLS 2.6% TO $77.43 BBL
Email us at buyorsell@ndtv.com
Call us at 011-26201171

Updated: 07/07/2009 | 04:17 PM IST

Top Stories

NDTV Correspondent

Tuesday, July 07, 2009 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

The standoff between the two Ambani brothers over gas prices is now set to carry on a little while longer. The Supreme Court today issued notices to both Mukesh Ambani's RIL and Anil Ambani's RNRL.

Anil Ambani’s RNRL wants a Bombay High Court judgement to be implemented so that it can get cheaper gas from RIL.

RIL has argued that this will mean a loss both for the company and for the government. The case will now be heard again on July 20.

In June, the Bombay High Court directed Mukesh Ambani’s RIL to supply natural gas at $2.32 dollars per unit to Anil Ambani’s RNRL. That is 44 per cent lower than government mandated price of $4.2 and just about a third of the international price of about $6. The government fixes the price of natural gas, which is used mainly by fertiliser and power companies

The court also ordered the two companies to come to an agreement over gas supplies within one month, failing which either of them could approach their mother Kokilaben or the court.