Reliance: new standards
Reliance Industries' set of promises to its shareholders sets new standards in corporate governance. The company has promised not to dilute equity for the next two to three years, it has categorically stated that it will use share buy-backs to support its price.
|
Will resolve become reality?
It is an all too familiar story. India makes its presence felt in international for a more through rhetoric than through a projection of ground realities. This is exactly what happened at the recent Asia Telecom 97, the region's biggest telecommunications event.
|