Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. The transaction also marks the US technology giant's biggest-ever investment in an Indian company. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial and strategic investors in just 11 weeks.
The Department of International Relations and Cooperation (DIRCO) in a statement urged world leaders not to implement 'knee-jerk' policy decisions in response to the detection of the Omicron variant.
In August, the central bank had announced that it will set up the Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.
'You can choose who you would like as your showstopper.' 'You have the freedom to create your own background -- sun, moon and the stars, which may sometimes not be possible in a physical show.'
In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments. From November 1, the National Stock Exchange (NSE) will accept gold delivery only on the blockchain platform.
There's tons of revenge and retaliation themed movies and shows on the OTT scene this week. Sukanya Verma suggests everything you can catch on OTT this week.
'EV-charging is the next big opportunity after fuelling'
The Union Cabinet on Wednesday approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem in the country in an bid to position India as a global hub for hi-tech production. Announcing the decision of the Cabinet, IT and Telecom Minister Ashwini Vaishnaw observed that electronics plays an important role in everyday life, and semiconductor chips forms a crucial part of electronics. Outlining the details of the scheme, he said the Rs 76,000 crore programme has been approved for the development of semiconductors and display manufacturing ecosystem.
Partnership will ensure that Intel's chips sell better in systems that are used by large enterprises
'N Chandra told me, "Arree yaar, don't get heavy on me now! This is a Hindi movie so leave your logic at home".'
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
This would provide a major boost to the indigenous design and construction capability of submarines in India.
Infosys on Tuesday said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data centre, networks and SAP Basis together with Infosys, a statement said. "As a part of this partnership, automotive IT infrastructure experts based out of Germany, wider Europe, the US and the APAC region will transition from Daimler AG to Infosys," it added. The companies, however, did not disclose the number of people who will transition as part of the deal.
Against the backdrop of growing Chinese assertion in the Asia-Pacific region, India on Thursday said it supports the "freedom of navigation" in international waters noting that any disputes or differences in the region must be resolved diplomatically.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
"The DAC accorded approval for procurement of equipment worth over Rs 5,100 crore from indigenous sources. These include sophisticated Electronic Warfare Systems for the Army designed by DRDO and manufactured locally by the Indian industry," the defence ministry said.
'We didn't expect the film to be recognised at this level; we focused on making an honest and simple film.' 'We didn't have any expectations even like being appreciated at festivals.'
The curtain rises on the FDCI X Lakme Fashion Week 2021 with Anamika Khanna's gorgeous collection.
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
'I met him in September, just days before he was hospitalised for Covid, for a documentary that his daughter was making.' 'He was in the pink of health, conversing with everyone the whole day.'
If we are to realise the full potential of biologics' ability to improve people's health, it is essential to encourage public policy and support R&D.
'He made people happy with his songs.' 'What matters is how many people you really make happy, how you connect and make them joyous and help them forget their problems.'
'India needs offensive and defensive security measures to protect itself.'
The extra skills you acquire set you apart, differentiate you from your peers and fast track your career.
Defence Minister Nirmala Sitharaman and her American counterpart James Mattis reviewed ongoing initiatives to further strengthen bilateral defence cooperation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Information technology, consulting and business process services company, Wipro on Thursday announced that it has signed an agreement to acquire Ampion, an Australia-based provider of cyber security, DevOps and quality engineering services. "Ampion has a successful track record and enjoys immense credibility with leading enterprises in the region, a collaborative work culture, and significant local subject matter expertise. "We see Ampion as a complementary force that will help us expand our footprint and accelerate our journey in the Asia Pacific region," CEO APMEA, Wipro, N S Bala said. Wipro's new operating model emphasises strategic investments in focus geographies, proximity to customers, agility, scale and localisation, the Bengaluru-headquartered company said in a statement.
'For a very long time I could not bring myself to watch several of their films because I couldn't see them depressed, in trouble or dead on screen.' 'It was hard to separate my parents from their characters, so I stayed away.' 'It was only after I became an actor that it became a job requirement.'
'Cyrus was always very different. He would think before acting.'
Casa Everz Gmbh, the owner of Germany-based healthy footwear brand Von Wellx, will be shifting its entire shoe production of over three million pairs annually in China to India with an initial investment of Rs 110 crore, according to a top official of the company's licensee Iatric Industries Pvt Ltd. A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd as part of an understanding with the state government.
"La Ferita," or "The Wound," scales the Palazzo's Renaissance faade and simulates a giant gaping hole in the front of the building. Inside the architectural tear is an imagined vision of the Palazzo's interior, made real by a black and white photographic collage.
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.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
"The compensation for serious adverse event will be paid by sponsor (BBIL) in case if the SAE is proven to be causally related to the vaccine," the consent form said.
The move points to a growing need to cater to a younger customer base, one that wants designer clothes not just for big occasions but also wishes to make them a part of their day-to-day lives by interpreting individual pieces in individualistic manners.
The US Food and Drug Administration had in February approved Johnson & Johnson's COVID-19 vaccine that works with just one dose for emergency use.
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
