& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Feud over India's Reliance group ends in split

PALLAB BHATTACHARYA, New Delhi
The curtain came down on months of bitter acrimony over ownership of the Rs 100,000-crore Reliance group of companies--India's biggest private sector business conglomerate--with the Ambani brothers Mukesh and Anil agreeing to split the empire.
Kokilaben Ambani, the widow of Reliance Group founder Dhirubhai Ambani and mother of Mukesh and Anil, at last succeeded to settle the ownership dispute, according to a company statement issued on saturday evening.
It said Mukesh will have responsibilities for Reliance Industries Ltd (RIL) and Indian Petrochemical Company Ltd (IPCL) while Anil will
have responsibilities for Reliance Energy, the largest private sector power company in India, Reliance Infocomm, the biggest cellular operator with 11 million subscribers, and Reliance Capital, the country's fourth largest mutual fund.
The split in the Reliance business empire came seven months after Reliance Industries Chairman Mukesh Ambani, older of the two brothers, had admitted that there were "ownership issues" with Anil.
The settlement of the dispute between the two brothers, which riveted much of corporate India and the media for months, has come as a good news to Reliance's 3.3 million shareholders.
Anil described the settlement as
the "dawn of a new life" for him and wished Mukesh "the very best in future."
During 2004-05, the combined turnover of Reliance Industries Ltd and IPCL, which go to Mukesh under the settlement plan, stood at Rs 74,250 crore, the highest among all private business groups, while the three companies going to Anil posted a combined turnover of Rs 9,714 crore in the same period.
The RIL contributes nearly three percent of India's GDP and is the country's largest private exporter with a gross turnover of Rs $17 billion and a net profit of $1.2 billion.
The IPCL had come into Reliance fold when Indian government divested its 26 percent stake in
the petrochemicals major in 2002.
Reliance Industries Ltd had last year become the first private sector Indian company to feature in the Fortune 500 list at the 482nd spot.
The Ambani family has been a regular fixture on the Forbes list of top business groups in the world but now that the Reliance empire has been split, it would not take the two brothers off the list of Fortune 500 companies although their rankings may drop.
In the latest Forbes list released in March this year, the Ambani brothers were ranked 60th with a net worth of seven billion dollars and the next Indian on the list was Kumar Mangalam Birla at the 149th slot with a net worth of $3.9 billion.