Billionaire Mukesh Ambani-led Reliance Industries Ltd's plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of $36 billion (Rs 2.6 lakh crore) for the new energy business, Wall Street brokerage Bernstein Research said in a report. Reliance currently has three verticals -- oil-to-chemical (O2C) business that houses its oil refineries, petrochemical plants and fuel retailing business; digital services that comprises telecom arm Jio; and retail including e-commerce. New Energy will be the fourth vertical. At the company's annual general meeting of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
When Viktor Zicho left Hungary 11 months ago to cycle to Darjeeling in India, he did not dream that he would be quarantined for two months in Bihar.
Rough estimates show that at a rate of Rs 1 crore per hospital bed, the investment in India alone would be around Rs 2,000 crore
'How does one square up the fact that despite the infusion of money at election time there was no price rise?' 'It is time the new government ordered an external audit of the RBI to find out the truth,' says Col Anil Athale.
After spending over two months in jail in the alleged TRP rigging scam, ex-Broadcast Audience Research Council (BARC) CEO Partho Dasgupta was given bail on Tuesday by the Bombay high court which said his detention was not necessary and there was no propriety in keeping him behind bars.
This insurance policy covers permanent total disablement, permanent partial disablement, temporary total disablement, accidental death and double indemnity for permanent total disability and accidental death
Former Tamil Nadu Chief Secretary P Rama Mohana Rao, whose house and office were searched by Income Tax officials in connection with a tax evasion probe post demonetisation, was on Saturday admitted to a private hospital here after he complained of chest pain.
The Railways Minister said gas stoves carried by some passengers blew up when they were preparing breakfast on the speeding train in violation of rules.
While a maximum of 21 people died in Puri, four deaths each were reported from Mayurbhanj and Jajpur, and three each in Cuttack and Kendrapara.
As India gets ready to roll out one of the largest vaccine programmes, billionaire Mukesh Ambani on Tuesday said his group is working with authorities to provide technology tools and backbone for mass inoculation against COVID-19. Ambani's telecom venture Jio was rolled out four years back, offering free voice calling and dirt-cheap data. Today, Jio is India's largest telecom operator with over 400 million users, each connected to the internet. At a Facebook event, Ambani said the government's digital push kept the country running even during the pandemic and is now helping in the rollout of one of the largest vaccination programmes.
This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group's Indian Hotels Company, which owns the Taj brand of hotels, and EIH, which owns the Oberoi brand of hotels.
'Opportunity for a country like India is huge in terms of wealth creation.' 'That's the reason India is an attractive economy for investors.'
The first chief minister of Chhattisgarh, was known in the political circles as someone who never gave up despite defeats, controversies and debilitating health issues.
SoftBank-backed OYO now 100,000 rooms brand, eyes another 100,000 by Mar 1
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Pro-Pakistan leader Syed Ali Shah Geelani's death has brought to an end a chapter of anti-India and separatist politics in Kashmir.
Major Kamlesh Pandey and Sepoy Tanzin Chhultim died in hospital.
The concluding part of the A to Z guide to a year that will soon become history.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
No untoward incident has been reported from the district over the past three days.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
'I was so nervous and embarrassed that I hid behind a pillar, just watching my son quietly.' 'I could see him very quiet, not communicating with anybody.'' 'I thought he was not interested. But when he gave his first shot, he was perfect!'
Fans allowed for the mega final as UEFA said that each club would receive 6,000 tickets which are expected to go on sale from today, May 13. The final capacity for the match has yet to be confirmed.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Hotels are using a combination of platforms to reach out to the guests. These include online travel agents among others. hotels in India are offering guests an option to pay now and stay later.
'Inequality has been growing in the world. The virus has only amplified it.'
Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.
The Tata Sons' chief said that world's reliance on China for sourcing goods will reduce, and India will definitely have an opportunity to participate.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
Authorities in Garo Hills area of Meghalaya have provided the 18-year-old victim of gangrape an interim cash compensation of Rs 25,000. The compensation was handed over to the victim by East Garo Hills District Deputy Commissioner Vijay Kumar Montri in the hospital. The state government is bearing the entire cost of medical treatment of the girl.
Amar Singh built an extensive network for the party, and was often spotted with celebrities, from the Bachchans to Anil Ambani to Subrata Roy.
The slain terrorist has been identified as Shafat Hussain Wani, a resident of Wagoora area of north Kashmir's Baramulla district.
The bus carrying 45 passengers from Reasi to Bakkle turned turtle and fell into a deep gorge
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
A week after Prime Minister Narendra Modi announced that the Rs 500 and Rs 1,000 notes are illegal tender, at least 33 people have been reported dead in demonetisation-related incidents.
Arif, a watchman, set out on the daunting journey hoping some miracle would happen and he would be able to see his father, who had suffered a massive stroke and was in critical condition. And miracle did happen, when the Central Reserve Police Force came to his help. The paramilitary force gave him and his father 'wings', quite literally.
'Our priority is how to reduce the waiting time for people for darshan.'
To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.
'The norm will be even less public accountability, even less transparency, tweets instead of press conferences, TV lectures rather than parliamentary debate, and greater political authoritarianism,' predicts Sunanda K Datta-Ray.
