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Ambani brothers break the ice
#1
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Quote:RIL, ADAG cancel 2006 non-compete agreements, hope to work in harmony.

It took a gentle nudge from the Supreme Court earlier this month to signal an end to the most publicised corporate war in India. Five years after going public with “ownership issues” and more in India’s richest family, the Ambani brothers today took a big step towards reconciliation of their feud that had made headlines and dragged in several government functionaries.


In separate statements, Mukesh Ambani-led Reliance Industries (RIL) and the Anil Ambani-led Reliance ADA Group announced the two groups had cancelled all non-compete agreements — a step they hoped would lead to cooperation between them. The non-compete pacts were signed in 2006.


As a goodwill gesture, RIL said it would not enter the gas-based power generation arena till 2022, for which the two sides would enter a separate agreement.

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#2
This is a very good news in Indian Industry :jump:

Hope the stock markets soon shoots up!:up:
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#3
It's already shooted :happy: the share prices of both bro's is going great guns :jump:
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