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Business Briefs

Report on Bajaj tussle

New Delhi, Oct. 25: The Company Law Board has asked the warring Bajaj brothers Rahul and Shishir to prepare a report on the areas of dispute that are holding up a mutually acceptable agreement for splitting their business empire. Clb chairman S. Balasubramanian, who is hearing the arguments of the two sides, advised the two sides to settle the matter amicably since it was a family dispute and asked them not to fight in public domain.

Rel Capital

Mumbai, Oct. 25: Anil Ambani group firm Reliance Capital has posted a 20 per cent jump in net profit for the second quarter ended September 30 at Rs 201 crore against Rs 167 crore in the corresponding quarter a year ago.

Crude price

London, Oct. 25: The price of brent crude oil struck an historic peak of $86.28 a barrel on concerns over tight energy supplies.

Idea service

New Delhi, Oct. 25: Idea Cellular and us-based wireless operator Verizon are set to get letters of intent for long-distance services after the department of telecom approved their applications.

LIC office

Chennai, Oct. 25: The Life Insurance Corporation of India is looking to set up a representative office in the US.


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