India's stocks rocket as Reliance plans split

Article Abstract:

Reliance Industries Ltd. of India has resolved its management concerns amicably with the 2 billionaire brothers dividing the company. Mukesh Ambani is to manage the petrochemical and petroleum businesses and Anil Ambani is to manage the companies newer enterprises in fund management, energy and telecommunications. Sensex, India's stock index surged to a record of over 7000 yesterday and Reliance Industries Ltd. shares rose 4.9 percent to 630.40 rupees or $14.48.

Management dynamics, India, Cyclic crudes and intermediates, Management, Company Profile, Company business management, Petroleum chemicals industry, Petrochemicals industry, Reliance Industries Ltd.

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Kidde accepts $2.84 billion bid from United Technologies

Article Abstract:

Kidde PLC agreed to be purchased by United Technologies Corp., ending a three month standoff. Kidde PLC is valued at $2.84 billion or $3.24 a share.

United Kingdom, United States, Acquisitions & mergers, Surgical appliances and supplies, Aircraft, Mergers, acquisitions and divestments, Company acquisition/merger, Safety equipment and supplies industry, Safety equipment industry, Aircraft industry, United Technologies Corp., UTX, Kidde PLC

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