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BUZZ-India's Reliance Communications posts biggest intraday pct gain in nearly 8 yrs
February 3, 2017 / 5:56 AM / in 9 months

BUZZ-India's Reliance Communications posts biggest intraday pct gain in nearly 8 yrs

** Shares of Reliance Communications Ltd rise as much as 19.8 pct in their biggest pct gain since May 2009

** A court on Thursday dropped all charges against former telecom minister Dayanidhi Maran and his brother Kalanithi Maran in a case involving mobile carrier Aircel bit.ly/2l2UCv0

** Analysts see the order as positive for Reliance Communications which has agreed to merge its wireless unit with Aircel

** Supreme Court had last month barred Aircel from transferring ownership of its airwaves, potentially delaying the deal

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