ANIL AMBANI's PAY PACKET FATTENS SIX-FOLD

Consumers may be reeling under an inflation of close to 13 per cent, but it should not be a cause of concern for India's second richest person Anil Ambani, whose pay package has grown by close to six times over past fiscal.

The Financial Express

Sensex up 235 pts; global cues lift sentiment

The market opened with major gains on Thursday tracking a rally in stocks overseas after corporate earnings in the US beat expectations indicating the worst of the credit crisis may be over. Back home, technology shares led the advances as investors cheered fourth quarter results released over the past couple of days. At 10:05 am, the Bombay Stock Exchange’s Sensex was up 235 points or 1.44 per cent at 16,478.79.

The Economic Times
http://economictimes.indiatimes.com/
Sensex_up_235_pts_global_cues_lift_sentiment/
articleshow/2958503.cms

Reliance Power IPO beats expectations

Power on. India on. That’s the ad slogan for Reliance Power. On Tuesday, as India’s largest initial public offer received an overwhelming response on day one of subscription, it seemed to be a case of ‘Reliance Power on, Dalal Street off’. The 22.85 crore share mega issue, looking to raise roughly Rs 11,000 crore, was fully subscribed under a minute of the start of bidding, making you wonder if there were any early-bird prizes on offer. At last count, bids for more than 10.5 times the issue size had been received.

The Economic Times
http://economictimes.indiatimes.com/
Reliance_Power_IPO_beats_expectations/
articleshow/2703391.cms

Tatas India’s second most valued group

Leading conglomerate Tata group has retained its position as India’s second most-valued and the only corporate house after Mukesh Ambani group with a market value of over Rs 3 trillion, despite the Anil Ambani group hitting this milestone in intra-day trades twice. Tatas are the biggest corporate house among the three in terms of the number of Companies listed on the bourses. Besides, Tata group also has the lowest average promoter holding among the three leading business groups, while Anil Ambani group has the highest. The cumulative market value of all the 30 listed firms of Tata group currently stands at Rs 3,04,473 crore, based on their BSE share prices at the close of the market on Friday.

The Financial Express
http://www.financialexpress.com/news/
Tatas-Indias-second-most-valued-group/251092/