The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800 per tonne from Rs 9,050 a tonne, according to an official notification. SAED on the export of diesel was reduced to Rs 2 per litre from Rs 4 a litre and on jet fuel or ATF to nil from Rs 1, the notification said.
The unexpected missile attack on a second India-bound ship carrying Russian crude, just three weeks after the first, has complicated matters for domestic refiners. India now counts the Vladimir Putin-led nation as its biggest oil supplier, according to Paris-based market intelligence agency Kpler, and these attacks come on top of US sanctions since December, where vessels that bring crude to India are facing heightened scrutiny. Panama-registered Pollux, which loaded crude at the Sheshkaris oil terminal in the Russian port of Novorossiysk on January 24, was scheduled to deliver the medium, sour Urals grade to Paradip port on February 28.
Apart from 15 teams of the National Disaster Response Force (NDRF) and 12 teams of State Disaster Response Force (SDRF), personnel of the Army, Navy, Air Force, Indian Coast Guard and Border Security Force (BSF) are deployed for relief and rescue operations, officials said.
All armed forces including the Army, the Navy, the Air Force and Indian Coast Guard have made necessary preparation to provide assistance to the local people of Gujarat.
The state government has begun preparations to deal with the fallout of the cyclone as it will bring very strong wind and heavy rainfall in the region, officials said.
Different circuits have been designed, depending on the tourists' preference, connecting the Rann Utsav at Kutch with the ports at Mundra and Kandla.
Reliance Industries (RIL) has reset its battery pack production timeline, shifting it from 2023 earlier to 2024, details shared in the oil-to-telecom conglomerate's latest annual report suggest. In the FY23 annual report released on Sunday, the company has listed the start of battery pack production in 2024. A year ago, at the company's annual general meeting (AGM), Mukesh Ambani, chairman and managing director of RIL, had said, "We aim to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell-to-pack manufacturing facility by 2024."
Narendra Modi is India's most successful prime minister and the greatest global leader of current generation, billionaire Mukesh Ambani said on Wednesday as he flaunted his group Reliance Industries' Gujarati heritage and its over USD 150 billion (Rs 12 lakh crore) investment in last 10 years.
Officials in coastal Devbhumi Dwarka said around 1,300 people have been shifted to safer places so far.
Wives and kids of CSK players took to the pitch for the after-game party, joining in the cheers and taking in the love of the fans who lit up the stadium in Ahmedabad.
Cyclone 'Biparjoy' has an extensive damaging potential and it is likely to impact Kutch, Devbhoomi Dwarka and Jamnagar districts of Gujarat the most, the India meteorological department said on Tuesday.
Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
Cyclone Biparjoy has left a trail of destruction in Gujarat's Kutch and Saurashtra regions as some 1,000 villages are still without power with hundreds of electric poles getting damaged, while several coastal villages were flooded due to heavy rains and incoming seawater, officials said on Friday, a day after the storm made landfall.
The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and ATF has been hiked, an official notification said. The tax, levied in the form of special additional excise duty or SAED, on domestically produced crude oil was reduced to Rs 6,700 per tonne from Rs 7,100 a tonne. SAED on the export of diesel was increased to Rs 6 per litre from Rs 5.50 a litre and on jet fuel or ATF to Rs 4 per litre from Rs 2, the notification said.
Prime Minister Narendra Modi will visit Uttar Pradesh, Chhattisgarh, Telangana and Rajasthan on July 7 and 8 during which he will inaugurate and lay the foundation stones of about 50 projects worth around Rs 50,000 crore, official sources said Tuesday.
Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world). Speaking at the inauguration of the 10th edition of the Vibrant Gujarat Global Summit, which saw participation of state hea
Prime Minister Narendra Modi called Salim Durani, who passed away on Sunday, an institution in himself who contributed immensely to India's rise in the world of cricket.
Many villages were cut off as several roads connecting them were inundated.
The very severe cyclonic storm 'Biparjoy' intensified into an 'extremely severe cyclonic storm' and is likely to cross Saurashtra-Kutch and adjoining Pakistan coasts around the afternoon of June 15 as a 'very severe cyclonic storm (VSCS)', the India Meteorological Department said on Sunday.
Hundreds of people are being evacuated from coastal villages in Kutch district in view of cyclone Biparjoy, but authorities are facing a challenge as many villagers are reluctant to leave their livestock and belongings behind.
The cyclone is expected to make landfall on Thursday evening as a 'very severe cyclonic storm' with maximum wind speed reaching up to 150 kilometres per hour, the India Meteorological Department (IMD) said.
'I am not envious of those who are making millions. It's their era and I had my era.'
The India meteorological department on Sunday issued an 'orange' alert for Gujarat, saying the state was expected to receive "heavy to very heavy rainfall" on July 24.
An average 59.24 per cent voter turnout was recorded as of 5 pm on Thursday across 89 assembly seats in the first phase of Gujarat elections, officials said.
A total of 33 teams have been earmarked by the National Disaster Response Force (NDRF) to undertake relief and rescue operations in Gujarat and Maharashtra ahead of the expected landfall of cyclone 'Biparjoy' near the Jakhau port in Kutch district, officials said on Wednesday.
The railways also rolled out its first orange coloured Vande Bharat Express from Kasargod to Thiruvananthapuram, a high demand route which now operates two such trains, a senior Indian Railways official said.
Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening in the scrip. The listing on BSE and NSE has been scheduled a day before FTSE Russell plans to drop JFSL from its indices.
'My adrenalin kicked in and the happiness returned! It was time to go in for the kill again.' IAF Veterans Group Captain Dilip Kumar Dass tells Air Commodore Nitin Sathe about how the IAF decimated tanks in the famous Battle of Longewala.
Here's how our netas faring in the elections.
Sanjive Narain, owner of Assam's oldest news channel, and Sanjay Aditya Singh, promoter of a cabin crew training academy, are coming together to launch a regional airline providing business and premium economy services in the Northeast. Jettwings Airways will be based in Guwahati and will connect places with twin-class Embraer E175 aircraft. The airline has secured an initial no-objection clearance from the civil aviation ministry and plans to launch services in October.
The WR is taking various measures including setting up disaster management rooms, help desks, and keeping relief trains ready.
Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.
The India all-rounder has three horses at his farm house near Jamnagar and every moment he gets a break from cricket, he spends time with them.
One of the teams rescued two lion cubs that had fallen into an open well in Jasadhar Range of Gir East division during the cyclone's landfall on Thursday evening, the official said.
The flight, operated by Russian airline Azur Air, was scheduled to land at the Dabolim airport in South Goa at 4.15 am, a senior police official said.
'Very severe cyclonic storm Biparjoy at 2330 hrs IST of 9th June over east-central Arabian Sea near lat 16.0N & long 67.4E. Likely to intensify further & move north-northeastwards during the next 24hrs,' the IMD said in a tweet.
At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.
The court of CBI special judge N D Joshi on Thursday sentenced then Squadron Leader Anoop Sood and Sergeants Anil K N and Mahendra Singh Sherawat to life imprisonment, a release issued by the CBI stated on Friday.
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