Mumbai, Sept. 29: Reliance Energy is expected to decide tomorrow on a public issue of its subsidiary Reliance Power Ltd. The issue is estimated at $2-3 billion. This move can value the company at over $20 billion. The board of Reliance Energy will meet tomorrow to “consider every opportunity for growth and unlocking of shareholders’ value”, the company said in a statement to the stock exchanges.
New Delhi, Sept. 29: India and the European Union will begin negotiations on an ambitious agreement aimed at opening trade and total elimination of duties over the next 10 years on Monday. A 40-member delegation from the EU will hold talks with Indian officials for six days.