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Monday, June 14, 2010
Bullion metals continue to stay mixed
Gold shines but silver turns pale
Yellow metal prices ended higher on Friday, 11 June 2010 at Comex. Bullion metals witnessed buying interest as prices had dropped somewhat in recent times. Prices also rose as euro lost ground against the dollar. Prices rose despite a steady dollar. But silver prices dropped.
Reliance Industries and Reliance Communications may partner
RIL, RCom working on partnership blueprint.
Scale matters. Especially when one is talking about Mukesh Ambani and his flagship Reliance Industries (RIL).
Telecom will be no exception, as RIL’s top executive Manoj Modi and chief financial officer Alok Agarwal told analysts on Saturday that their total investment, including the acquisition of 95 per cent of Infotel Broadband, would come to around Rs 22,000 crore. The initial capital expenditure on physical infrastructure for rolling out broadband services will be over Rs 4,500 crore, the executives added. RIL will also pay Rs 12,872 crore to the government as licence fee for spectrum bagged by Infotel, which will now become a RIL subsidiary.
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