Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
Why did we go into nationwide lockdown when we were adding 100 cases a day and why are we not going into lockdown but allowing cricket stadiums, political rallies and Kumbh Melas when we are adding 40,000 cases a day? asks Aakar Patel.
Before the game, a few protesters handed out fliers outside the stadium where Man City played local outfit Kitchee.
The president said he had discussed with Prime Minister Modi on when the US would be able to send actual vaccines to India.
After a long hiatus of more than 20 months, the government had on November 26 announced the resumption of scheduled international commercial flights from December 15.
'The lockdown was for both: To flatten the curve or more correctly, delay the rapid spread of COVID outbreak, and to create healthcare infrastructure.'
'Transformation of Ukraine into some kind of permanent strategic challenger, which Russia would have to contain and deter, spend a significant part of political and strategic resources on it.'
The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.
Prime Minister Narendra Modi congratulated shuttlers Saina Nehwal and K Srikanth for their victories at the China Open Super Series tournament on Sunday.
Made-in-China phone brands are eating away market share of prominent firms like Nokia and Samsung
China on Sunday commissioned the world's largest radio telescope which has a 4,450-panel reflector as large as 30 football pitches, boosting the global hunt for extraterrestrial life.
The broader NSE Nifty rose 47.50 points, or 0.43 per cent, to 11,105.35. During the day, it climbed a peak of 11,141.75 and touched a low of 11,049.50.
The Modi government wants to have a smooth relationship with the DMK government.
Alert to the looming threat from the 'Omicron' variant, states began to re-tighten curbs and urgently trace people who arrived from abroad in the last one month while a demand to not allow flights from the affected countries was made by Delhi Chief Minister Arvind Kejriwal and Karnataka Chief Minister Basavaraj Bommai.
Here are the top 10 images from the big news that shook the world in the previous week.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
Increasingly restive protests for over two months have plunged Hong Kong into its most serious political crisis in decades.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.
If want to look at the world's most beautiful places, scroll down now. The winners of the fifth International Landscape Photographer of the Year competition have been announced, with stunning shots documenting everything from magical mountains to glistening lakes and dark, forbidding forests. There were almost 3,000 entries from photographers around the globe, leaving the judges with a headache to whittle them down. Adam Gibbs from Canada has been revealed as the 'photographer of the year' (an award based on a folio submission of at least four images) with his hauntingly beautiful shots of woodland scenes around Vancouver Island. Here's a selection of the photos that caught the judges' eyes.
'Biden's promise of returning to 'normalcy' after Trump appears to mean that the same old politicians, who are responsible for the 'endless wars' in Afghanistan, Iraq and Syria, are being brought out of the woodwork after four years,' notes Ambassador M K Bhadrakumar.
"Wife diplomacy", which has become focus of China's new leadership, would come into full play in India on Wednesday when Chinese Xi Jinping arrives in Ahemdabad along with his singer wife Peng Liyuan, who has become a fashion icon here.
'The Ever Given, which had 200,000 tonnes of cargo, was too long for the Suez Canal.'
Chinese President Xi Jinping arrived in Chennai to a grand welcome on Friday, a visit that comes soon after the recent episode of turbulence in bilateral ties over India's decision to withdraw Jammu and Kashmir's special status and reorganise the state into two union territories.
A feature of 'Third World-ism' is lack of accountability. Whether and how the Modi government is held to account politically is a matter for the future, observes T N Ninan.
Pakistan would want to take full advantage of the situation to direct Taliban trained terrorists into the Kashmir Valley, alert Lieutenant General Ashok Joshi (retd) and Colonel Anil A Athale (retd).
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
According to the local Brass Handicrafts Manufacturers Association (BHMA), some 800,000 people are directly employed in Moradabad's massive brass handicrafts and utensils manufacturing industry, which has some 30,000 small and micro-scale units and a total annual turnover of Rs 10,000 crore. The manufacturers are heavily dependent on export markets such as the US, Canada, Australia and the European Union. And exports account for nearly 70 per cent of their revenues. According to industry insiders, since this year's lockdowns, manufacturing has been at 65 per cent of normal levels.
It is hard to escape the feeling that solving the problems of 2020 and 2021 will require something special which at the moment is not on view, observes Aakar Patel.
'From March 2020 to November 2021, the combined wealth of the billionaires of this country has doubled.'
A snowy fishing village in Greenland, a vulture soaring through the sky in Spain, and a trio of actors gearing up for an opera performance in China all make up the award winners in the 2019 National Geographic Travel Photographer of the Year awards. Chosen from thousands of entries, the winning snap is called Winter in Greenland and was taken by Weimin Chu. It depicts the fishing village of Upernavik in northwestern Greenland. Chu will receive $7,500 (Rs 5.21 lakh) and a post on National Geographic Travel's Instagram account, @natgeotravel. Here we present the winners in each of the three categories.
'If you delay the diagnosis even by 24 hours, in that 24 hours individuals would have affected more people.' 'So, contact tracing, testing, isolation, quarantine needs to continue.'
The prayer, Sarvejana Sukhinobhavantu, or let the whole universe of living beings be well, helps. So do profound and relevant Ancient Wise Words and aphorisms: Vasudaiva Kutumbakam, or the whole world is one big family, interconnected, interdependent. And a sense of humour, jokes, pranks, writing, conversations. And, last but definitely not least, the rippling waves of inner realisation on the background mind-track -- about the insignificance of ego, the importance of humility, the wasted opportunities in life, the wrong moves, the strokes of luck, the past 'sins', the what-ifs.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
For now, the concerns over bad loans have taken a back seat; a bigger challenge for the banking community is credit growth, explains Tamal Bandyopadhyay.
'Wearing masks, washing our hands, all those things are barriers to transmissibility, or contagion, but as the virus becomes more contagious it statistically is better at getting around those barriers'
Given Narendra Modi's trust in him, Praful Khoda Patel is unlikely to back down in Lakshadweep.
The MG Motor India management is focused on scaling up and launching smaller cars to play the long game in the country, says Pavan Lall.
For 80 years, news and views aired on BBC Hindi reached audiences in the remotest parts of the country. For millions of its followers, the signature line -'yeh BBC hai (this is BBC)' -- has been like a morning alarm, and the bulletins a vital link between India and the world. That link, which began when there was no mobile phone or internet, is about to break as the radio service will fall silent after January 31. And for many living in smaller towns and in rural areas, life won't be the same again, writes Nivedita Mookerji.
The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.
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