Tuesday, April 2, 2013

Rajinikanth, Kamal join fast to support Sri Lankan Tamils

Chennai, April 2 (IANS) Stalwarts like Rajinikanth, Ajith Kumar, Kamal Haasan and many more Tuesday joined the members of the South Indian Film Artistes Association (SIFAA) in a day-long fast here to protest alleged "war crimes" against Tamils in Sri Lanka.
Spearheaded by SIFAA, commonly known as 'Nadigar Sangam', the film fraternity is observing a silent protest and there was a huge turnout with most of the big names Vikram, Sarath Kumar, Prakash Raj Bhagyaraj, Radha Ravi, Sathyaraj, Sivakumar, Suriya, Karthi, Bharat, Udhayanidhi Stalin, Dhansika, Monica, Vishal Krishna and Chandrasekhar, among others, joining the fast at Nadigar Sangam premises at T. Nagar here.

"One of the reasons we are not using microphone is that we don't want tempers to flare. If given an opportunity, people will vent and unnecessarily create tension," a member of SIFAA told IANS.
Kamal, Rajinikanth, Ajith Kumar, Suriya, and Karthi are among those who couldn't join the March 19 fast.
All activities with regard to the Tamil film industry have come to a standstill. Ajith Kumar was supposed to start shooting for his new Tamil film Tuesday, but he postponed the same to participate in the fast.
All theatres in the city will remain shut during the course of the hunger strike.
The fast will conclude at 6 p.m. Tuesday.

(Online News By Incident2day Group )

Ambani brothers move past feud as Reliance Jio

NEW DELHI/MUMBAI (Reuters) - Billionaire Ambani brothers will share a fibre optic network for their rival telecoms companies, their first business tie-up since ending a long-running feud three years ago.
Reliance Industries (RELI.NS), controlled by Mukesh Ambani, India's richest person, will pay 12 billion rupees to younger brother Anil Ambani's Reliance Communications (RLCM.NS) for use of its fibre optic network.

The companies said on Tuesday they could co-operate further in future and the announcement bolstered their share prices.
Reliance Industries, whose main business is petrochemicals, made a dramatic return to telecoms in 2010 by becoming the only company to gain nationwide 4G airwaves. While it has yet to start services, it is widely expected to begin operations in parts of India later this year.
Debt-laden Reliance Communications, India's third-largest cellular carrier by users, was hived off from the combined Reliance empire after the brothers split up the family businesses in 2005 in a deal brokered by their mother.
Under the terms of Tuesday's fibre optic deal, Reliance Industries will pay "one time indefeasible right to use (IRU) fees for sharing RCOM's nationwide inter-city fibre optic network infrastructure," the companies said.
Reliance Communications shares jumped as much as 17 percent after the news before closing 11 percent higher. Other Anil Ambani group stocks also gained. Reliance Industries' stock closed up 2 percent.
Further details on the tie-up were not immediately available, but the companies indicated more cooperation was possible. Media reports have long speculated that Reliance Industries would lease space on Reliance Communications' tower network or buy an equity stake in the tower business.
"This agreement is the first in an intended comprehensive framework of business co-operation ... for optimal utilisation of the existing and future infrastructure of both companies on reciprocal basis, including inter alia, inter-city fibre, intra-city fibre, towers and related assets," the companies said.
Reliance Communications is the most leveraged among Indian cellular carriers with net debt of nearly $7 billion, or more than five times its annualised operating profit. The company has been looking to sell assets to cut its debt load but has fallen short in several attempts.
"It is definitely a relief for Reliance Communications, and a relief coming to the group after a long, long time even though not sufficiently large," said Jagannadham Thunuguntla, strategist at SMC Global Securities in New Delhi.
Tuesday's deal will help Reliance Jio Infocomm "reach the market faster," said Deven Choksey, managing director of K.R. Choksey Securities in Mumbai.
According to Forbes, Mukesh Ambani is worth $21.5 billion, while Anil Ambani is worth $5.2 billion.
Dhirubhai Ambani's death in 2002 led to a power struggle between his two sons that split the Reliance empire. Mukesh ended up with the core energy business, and Anil ended up with the telecoms, financial services and power businesses.
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