Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

Weakened Congress wondering if early elections will help

The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term.  Full Article 

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Reliance Comm shares extend gains on media report of stake sale

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A boy bathes in a stream at Dara on the outskirts of Srinagar May 16, 2013. REUTERS/Danish Ismail

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MUMBAI | Fri Jan 25, 2013 2:28pm IST

MUMBAI Jan 25 (Reuters) - Shares in Reliance Communications Ltd extended gains to as much as 7.9 percent on Friday after The Economic Times newspaper reported the company was in talks to sell a stake in its mobile tower unit to Reliance Industries Ltd.

Reliance Communications shares were up 7.4 percent as of 0857 GMT, nearly recovering its 9.14 percent fall on Thursday sparked by a sharper-than-expected fall in its October-December quarter.

The Economic Times reported Reliance Communications was in talks over a stake sale in Reliance Infratel to a unit of Reliance Industries, as well as leasing arrangement for mobile towers, citing two people close to the negotiations. (abhishek.vishnoi@thomsonreuters.com)
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