The feud between the billionaire Ambani brothers became public in 2004, and still drags on.

On Sunday, Anil Ambani issued a statement expressing his willingness to end the bitter feud with elder brother Mukesh.

Anil Ambani has taken the support of the media to convey his side of the story.

Through a series of front-page advertisements in major Indian newspapers, Anil recently accused the Petroleum Ministry of taking the side of Reliance Industries.

Earlier in July, he used an annual shareholders’ meeting to lay into his elder brother and the government.

Reliance Industries has welcomed the move by Anil, but said the dispute under litigation was not merely a family matter and hoped “any overtures for rapprochement are in no way related to the ongoing hearing of the case”.

Media reports say Mukesh’s Reliance Industries may not trust Anil’s word after their recent media campaign.

Are you surprised by Anil’s move? Do you think it can help put an end to the Reliance corporate battle?

Finance Minister Pranab Mukherjee may have disappointed the markets with a higher spending plan, but the salaried class is definitely walking away a little cheerful.

Mukherjee’s budget announcements include provisions that will see an increase in the take-home component of an individual’s salary.

Income tax exemption has been hiked by 15,000 rupees for senior citizens and 10,000 rupees for the other categories.

Some of the other proposals include elimination of 10 percent surcharge on IT and scrapping of fringe benefits tax (FBT).

Has the budget met your expectations?