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A long-term play
JSW Energy’s track record and high revenue visibility are some clear positives, but the IPO leaves little to gain from in the short-term.

No BSNL-MTNL consortium yet for buying Zain
The state-run telecom companies-- BSNL and MTNL-- have not formed any consortium so far with any other company to bid for Kuwaiti telecom major Zain Telecom, minister of state for IT and telecom Gurudas Kamat told the Lok Sabha in a written reply today.

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Fiat, Shell CEOs not to seek re-election to UBS board
The chief executives of Italian auto maker Fiat and oil major Royal Dutch Shell will not be seeking re-election to the board of Swiss banking entity UBS.
Management

Govt has no info on ministerial conflict of interest in gas row

The Prime Minister’s Office does not have any information whether cabinet ministers who were part of the Empowered Group of Ministers (EGoM) to decide on the price of gas from the Krishna-Godavari basin had declared if they had any conflict of interest with regard to Reliance Industries Ltd or the late Dhirubhai Ambani. The PMO has said so in reply to a Right to Information (RTI) query. - GSMA not in consonance with family MoU: RNRL - F&O OUTLOOK: Indecisiveness spreads to stocks futures - Eyes on the world - Indecisiveness spreads to stocks futures - RIL woos Lyondell creditors as mgmt fights back - No final bid yet from RIL: LyondellBasell Is it not mandatory for ministers to declare their conflict of interests if they are part of an EGoM whose decisions may “economically benefit a corporate group,” Arun Agrawal, author of a book that refers to controversies surrounding the Reliance group, wanted to know. The PMO’s answer was ‘No’. In its reply dated December 8, the ministry said, “This division is not having information regarding who were in conflict of interest in respect of having past financial dealings with RIL, or Dhirubhai Ambani or employment of their wards at any time in their life.”


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