| IT, Bank executives ride stock wave, excercise Esops Employees of 12 firms join the Esop bandwagon in December. Infosys, Wipro, Satyam, ICICI Bank, HDFC Bank, Dabur, ITC issue shares. ETIG estimates Rs 2,600cr added to m-cap of firms due to Esops. Business Line The largest buyback that never was The Rs 1,100 crore Reliance proposal for buyback in April 2000 never took off. Would be interesting to observe stance of Anil Ambani, a big votary of buyback in 2000 and 2001, at the proposed buyback meet on Dec 27. |
| Jhunjhunwala quits Reliance posts Amitabh Jhunjunwala, considered close to Anil Ambani, resigned from the post of treasurer of Reliance. Will also not continue to hold other positions in the group. |
| Samsung issues guidelines on ethical use of camera phones DPS MMS-Internet scandal fallout; Relases `Samsung Mobile Phone Etiquette and Responsiblity Guideline for Camera Phone Users'; says there is need to use technology responsibily. |
| The Financial Express |
| Centre plans sale of Dabhol Power assets Rs 1,500-crore equity infusion plan dropped; GoM okays asset transfer through debt recovery tribunal. |
| UB group lines up Rs 6,500cr credit for aircraft acquisition Looks at raising funds from European export credit agencies for planned Rs 8,100 crore acqusition of 30 aircraft from Airbus. Will also buy remaining 35% stake in Associated Breweries from the Mumbai-based Irani family for Rs 15 crore. |
| India offers great opportunities for all investors: L N Mittal LNM group chairman Lakshmi Mittal says Indian bureaucracy is changing fast and whole new generation of Indian businessmen are becoming global players. |
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