Sunday, May 23, 2010

Anil and Mukesh Ambani bury differences-Media

http://www.akprabhakar.com/     http://www.youtube.com/user/akprabhakar Regular video update
ADAG stocks will benefit by any comprise solution entered by brothers as RELIANCECAPITAL, RELIANCEINFRA & RCOM stock saw correcting and huge short poistion has been built after Supreme court order and now RPOWER can also see relief rally. While this is just a sentiment booster this will not have any impact material impact on RELIANCE stocks as many longs are trapped in the stock and Crude below $70 wouldn't help.



CNBC-TV18 has reliably learnt that both Mukesh and Anil Ambani have agreed to cancel all non compete agreements. Instead a new, simple non-compete agreement has been signed which is limited only to gas based power generation. Most Non-Competes including telecom, financial services were to expire in 2015.





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