Thursday, June 16, 2005
RIL settlement is going to be a Structured Settlement in the form of a demerger into a new company
The Reliance settlement is most likely to be structured around a demerger into a separate company. CNBC-TV18 has learnt from sources that the Reliance Industries stake in Reliance Energy, Reliance Capital and Reliance Infocomm will get de-merged into a separate company.
Like all de-mergers, the new company which will typically be called the resultant company will have a share holding that will be the exact mirror image, in this case of Reliance Industries. In this case, a shareholder of RIL with 1% stake, would get 1% in the de-merged company and according to experts will not be detrimental to investors in any fashion.
Further, sources say that no debt is likely to be transferred to this new resultant company, which will be under the control of Anil Ambani, whereas Mukesh Ambani would have control of Reliance Industries and IPCL. No debt will be transferred to this new company, as there is no internal debt that Reliance has taken that is attributable to the investments in Reliance Capital, Reliance Energy and Reliance Infocomm."
Like all de-mergers, the new company which will typically be called the resultant company will have a share holding that will be the exact mirror image, in this case of Reliance Industries. In this case, a shareholder of RIL with 1% stake, would get 1% in the de-merged company and according to experts will not be detrimental to investors in any fashion.
Further, sources say that no debt is likely to be transferred to this new resultant company, which will be under the control of Anil Ambani, whereas Mukesh Ambani would have control of Reliance Industries and IPCL. No debt will be transferred to this new company, as there is no internal debt that Reliance has taken that is attributable to the investments in Reliance Capital, Reliance Energy and Reliance Infocomm."
Monday, June 13, 2005
Video of Saddam's Questioning Released - Yahoo! News
Video of Saddam's Questioning Released - Yahoo! News: "Video of Saddam's Questioning Released By PATRICK QUINN, Associated Press Writer
3 minutes ago
BAGHDAD, Iraq - The tribunal that will put Saddam Hussein on trial released a video Monday showing the 68-year-old former dictator � looking drawn and tired but dressed in a pinstriped suit � being questioned about the killings of at least 50 Iraqis in a Shiite town.
ADVERTISEMENT
Unlike Saddam's combative appearance at his arraignment on July 1, 2004 � the last time he was seen on video � the new tape reveals a man who appears a shadow of his former self."
3 minutes ago
BAGHDAD, Iraq - The tribunal that will put Saddam Hussein on trial released a video Monday showing the 68-year-old former dictator � looking drawn and tired but dressed in a pinstriped suit � being questioned about the killings of at least 50 Iraqis in a Shiite town.
ADVERTISEMENT
Unlike Saddam's combative appearance at his arraignment on July 1, 2004 � the last time he was seen on video � the new tape reveals a man who appears a shadow of his former self."
Friday, June 03, 2005
VOA News - Indian Filmmakers Criticize Smoking Ban in Indian Films
VOA News - Indian Filmmakers Criticize Smoking Ban in Indian Films: "India has banned depiction of smoking in films and television programs as part of its war against tobacco use. The World Health Organization has welcomed the move, but filmmakers have denounced the ban as an infringement of artistic freedom.
The latest Bollywood hit, 'Bubbly and Bunti,' is dominated by scenes of Indian film icon Amitabh Bacchan lighting up as he plots how to [arrest] two [criminals].
But the government says films made after August 1 will no longer be able to depict such scenes, and older movies showing images of smoking will have to carry a health warning. The same rules will apply to television programs. "
The latest Bollywood hit, 'Bubbly and Bunti,' is dominated by scenes of Indian film icon Amitabh Bacchan lighting up as he plots how to [arrest] two [criminals].
But the government says films made after August 1 will no longer be able to depict such scenes, and older movies showing images of smoking will have to carry a health warning. The same rules will apply to television programs. "
