It is a bit of a sad commentary on our democracy but the general election is going to be only the first step in forming a government. The second step will come only when the party leaders -- specifically from regional forces -- judge their positions after the polls.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody's Investors Service said on Monday. The oil-to-retail-to-telecom behemoth on Friday reported a 0.7 per cent Ebitda (earnings before interest, tax and depreciation and amortisation) growth for the quarter ended December 31, 2020, compared with the corresponding quarter in the previous year. "A strong performance in digital services and retail segments underpinned the improvement in consolidated earnings, a credit positive," Moody's said commenting on the earnings. Continued growth in earnings combined with the company's strong balance sheet with zero net debt on a reported basis will keep Reliance's credit metrics strong for its Baa2 rating over the next 12-18 months, it said.
Several activities like fly-pasts, flashing warship lights and other displays by the Indian army bands were included in Sunday's spectacular show across the country.
Residents of Ghoramara Island want to leave their home as it shrinks every year due to rising seas, but many say they can't afford it.
Oil Ministry officials insisted that Defence Ministry cannot withdraw the clearance after 12 years of exploration.
The accident occurred around 11.25 am at Visakhapatnam Port Trust's Single Point Mooring Terminal, where crude and oil supplies are handled.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
The deep depression which had formed over the south west of Bay of Bengal has intensified into a cyclone named Nelam, which is expected to cross over Nagapattinam and Nellore (South Andhra Pradesh) on Wednesday evening,
The meteorological department said that a deep depression in the Bay of Bengal was developing into a marginal cyclone and was set to hit the northern coast of Sri Lanka.
The missile has a strike range of 2000 km, the sources said soon after it blasted off from a mobile launcher at the Launch Complex-4 of the Integrated Test Range, the sources said.
A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
The missile hit a sea-based target in the Bay of Bengal from the combat jet.
A moderate earthquake measuring 5.6 on the Richter scale on Wednesday night jolted Delhi, National Capital Region, Chennai and parts of eastern and northern India including West Bengal, Odisha and Jharkhand, but there were no immediate reports of casualties or damage to properties.
Normally, monsoon reaches Delhi by June 27. It covers the entire country by July 8. Last year, the wind system had reached Delhi on June 25 and covered the entire country by June 29.
The Indian team was forced to cancel their training session on Tuesday because of inclement weather, as the Eden Gardens was under cover, while the Australia used the indoor facility of the stadium.
Photos that will make you forget everything you thought you knew about the state.
Notwithstanding fears of a tsunami following a powerful earthquake off Indonesia on Wednesday, the navies of India and the United States carried out their joint exercises off the coast of Chennai.
Ahead of the Indo-US military exercise 'Malabar' in the Bay of Bengal from April 9, guided-missile cruiser USS Bunker Hill, one of the vessels in the seventh fleet of the United States Navy, docked at Chennai port on Saturday.
RIL produced a total of 14.83 mmscmd from Dhirubhai-1 and 3 (D1&D3) gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Bay of Bengal in the week ended May 26, according to a status report of the Directorate General of Hydrocarbons.
Schools and colleges, closed since October 31, were shut on Saturday as well, while several universities postponed their exams.
RIL in August submitted a revised field development plan for the Dhirubhai-1 & 3, the only producing gas fields among a total of 18 gas discoveries made so far in the KG-D6 block in Bay of Bengal, sources with direct knowledge of the development said.
Rain deficiency in eastern and western Uttar Pradesh, Bihar, Jharkhand, Gangetic West Bengal, Assam and Meghalaya is 20-46 per cent less than normal as of June 17.
The defence minister will also be on board the country's latest indigenous stealth frigate INS Shivalik and witness the live firing of lethal missiles including the supersonic BrahMos cruise missile, Defence Ministry officials said in New Delhi on Monday.
Reliance Industries has sought tripling of its KG-D6 gas price from April 1, 2014 after the current below market rate of USD 4.205 per mmBtu expires.
Many BJP leaders are of the view that most key members of the previous Cabinet could be retained.
All of India welcomes the Light Combat Helicopter into the Armed Forces arsenal and wishes it a safe tenure and happy shooting. May it rule the skies and ensure that the enemies are given a fitting reply when the need arises.
India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December.
RIL this week wrote to the ministry offering to give away 4,266 sq km of the Krishna Godavari basin block, sources privy to the development said.
The government has recently turned down Indian Air Force's request to take part in the India-United States bilateral naval exercise Malabar.
The hacking of Bangladeshi websites including its largest online news site bdnews24.com has triggered the war, which is expected to again speed in days to come.
In another forecast for August, IMD Director General Mrutunjay Mohapatra said monsoon is also likely to be normal in the month.
RIL on June 15 wrote to Oil Ministry proposing to price natural gas it produces from the Krishna Godavari basin block in Bay of Bengal at a rate equivalent to price India pays for importing liquefied natural gas, official sources said.
'The Andaman and Nicobar Islands are an asset that any country aspiring to become a major power would give anything to own.' 'It is disappointing that India has not capitalised on this potential,' says Vice Admiral Premvir Das (retd).
RIL produced a total of 22.04 mmscmd of gas from Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Bay of Bengal in the week ended December 30, 2012, the Directorate General of Hydrocarbons said in a production status report to the Oil Ministry.
A West Indian Day celebration, Hurricane Dorian destruction, and the immersion of Lord Ganesha in Mumbai round out this week's best images.
The ministry had previously wanted to disallow $1.235 billion expenditure that RIL had incurred on putting production facilities at the Bay of Bengal gas fields but in the 7-page notice it sent to the company on May 2, the cost to be disallowed was put at $1.462 billion, sources privy to the development said.
A "very severe" cyclonic storm lay centered about 250 km of Chennai, with the weather office forecasting winds touching up to 135 kph and advising fishermen against venturing into sea for the next two days.
The maiden test-firing of Agni-5 Inter-Continental Ballistic Missile, scheduled for Wednesday, was postponed at the last moment till Thursday due to bad weather conditions at the test range off the coast of Odisha in the Bay of Bengal.
