'He's been batting well, bowling really well and he has taken almost 7-8 catches already.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46 per cent jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 17,955 crore during April-June period -- the first quarter of 2022-23 fiscal year -- from Rs 12,273 crore in the year-ago period, it said a stock exchange filing.
'The biggest problem that faces the Opposition in Gujarat is just a day or two before voting is scheduled, Modiji goes on a spree of emotional appeals.' 'That process has been set in motion much earlier this time in Gujarat.'
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.
Mansukh Hiran was subsequently killed as Waze thought him to be the 'weak link' in the conspiracy, the NIA stated.
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said Friday as he outlined a 1-1-1 vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade. The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world's third-largest greenhouse gas emitter. The same electricity, when converted into green hydrogen, can replace petrol and diesel in automobiles and other fuels in the industry, helping cut down on the use of fossil fuels, carbon emissions and reduce import dependence.
A Court of Inquiry into the incident has been ordered.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
The helicopter is fitted with a self-defence system against heat seeker missiles, heavily-armoured cockpit, vital systems and components.
Incessant showers caused landslides and floods in various parts of the country leaving at least 17 people dead on Wednesday while thousands more were forced to move to safety as rivers swelled and water reservoirs filled up fast.
Modi said Ayurveda is India's heritage whose expansion entails the welfare of humanity and all Indians will be happy to see that the country's traditional knowledge is making other countries prosperous.
The BJP is not taking the AAP challenge lightly. Amit Shah has cautioned party insiders to ensure that AAP does not cross a vote share of 24%. He has always seen AAP as a much more significant challenge than the Congress, observes Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
Apex telecom industry body COAI has asserted that spectrum pricing should be kept conducive to market conditions as 5G entails upfront capital investments with monetisation spread over a long-haul, and pricing radiowaves high will only push the players up against the wall. The stage is set for Telecom Regulatory Authority of India (TRAI) to come out with its recommendations on 5G spectrum pricing and other modalities for upcoming auctions, and the announcement from the sector watchdog is expected anytime now. Norms will also be worked out for new frequencies such as 526-698 MHz and millimetre band, that is 24.25 - 28.5 GHz, in addition to bands such as 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3670 MHz.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said. India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy prices. The government slapped a Rs 6 per litre tax on the export of petrol and jet fuel (ATF) and Rs 13 a litre on the export of diesel effective July 1. Additionally, a Rs 23,250 per tonne tax was levied on crude oil produced domestically.
RBML - the joint venture of Reliance Industries Ltd and supermajor BP - has told the government that fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and diesel prices at rates way below the cost, sources said. Despite a surge in oil prices, state-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) first froze petrol and diesel rates for a record 137 days beginning early November 2021 when five states including Uttar Pradesh went to the polls, and last month again went into a hiatus that is now 47 days old. "They (Reliance BP Mobility Ltd) has written to the petroleum ministry over the fuel pricing issue," a highly placed source in the government, who didn't want to be quoted, told reporters.
'Across India, only nine personnel have refused to take the vaccine. All of them were given show cause notice...one did not respond, so in view of the lack of response, his service is already terminated'
The NINL management can see this as their moment of giving back to the nation and humanity. Its plant has an oxygen unit that can produce 418 tonnes of oxygen every day. 418 tonnes is about 58% of Delhi's daily demand for oxygen, notes Sudhir Bisht.
Reliance has a 24 per cent conversion rate of 'oil-to-chemicals' at present and may be targeting 70 per cent conversion.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 16,203 crore in the quarter ended March 31, 2022 from Rs 13,227 crore, the firm said in a statement. Net profit, however, fell 12.6 per cent sequentially -- breaking a six-quarter chain of quarter-on-quarter improvement.
Prime Minister Narendra Modi on Tuesday directed officials to ensure safe evacuation of all Indian citizens from Afghanistan and to provide refuge to Sikhs and Hindus wanting to come to India from there, as he chaired a crucial high-level meeting in the backdrop of the Taliban takeover of the war-torn country, sources said.
After a controversy arose over some civic bodies' plans to act against handcarts selling non-veg foods on main thoroughfares, Chief Minister Bhupendra Patel on Monday had said the state government has no problem with people's food choices.
As many as 45 people have been killed due to cyclone Tauktae across 12 districts of Gujarat, officials.
'When I stepped on Indian soil, I lay down on the ground and kissed my homeland.'
On Sunday, Rupani, 64, fainted on stage while addressing a rally in Vadodara for the upcoming civic polls in the state, following which he was flown to Ahmedabad and admitted to the U N Mehta Hospital.
Billionaire Mukesh Ambani's Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (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.
Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.
The CEO office said that the Returning Officer took such a long time due to the rush of candidates on the last day of filing nomination papers. The response came hours after a number of AAP leaders alleged that around 35 candidates with incomplete set of papers were insisting that they would not allow the CM to file his nomination unless their nominations were filed.
State governments in Punjab, Gujarat, Maharashtra and Jammu & Kashmir are on high alert and have come up with contingency plans to ensure the security of residents in case of a war.
Prime Minister Narendra Modi's niece Sonal Modi, who had sought Bharatiya Janata Party nomination to contest the Ahmedabad civic body polls, on Thursday failed to get a ticket with the party citing new rules for candidates.
A MiG-29 fighter aircraft of the Indian Air Force crashed between Amran and Jivapar villages in Jamnagar on Friday, with the pilot ejecting safely. The aircraft was on a routine sortie from the Jamnagar airbase.
With the arrival of the new batch, the number of Rafale aircraft has increased to eight. The first batch of five Rafale jets arrived in India on July 29, nearly four years after India signed an inter-governmental agreement with France to procure 36 aircraft at a cost of Rs 59,000 crore.
When Home Minister Amit Shah, who was in Gujarat to cast his vote in the urban body polls, learnt of the poor voter, instead of heading home he went to the Motera stadium, organised a control room, and was on the phone with practically everybody assigned duty on the ground: MPs, MLAs and BJP office-bearers. His single commandment was to check the voter list and phone or personally get people to the booths, reports Radhika Ramaseshan.
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
Richest Indian Mukesh Ambani on Tuesday mentioned about leadership transition at his energy-to-retail conglomerate, saying he wants the process to be accelerated with seniors, including him, yielding to the younger generation. Ambani, 64, who has previously not spoken about succession plans at the country's most valuable company, said Reliance is "now in the process of effecting a momentous leadership transition." Ambani has three children -- twins Akash and Isha, and Anant.
"What I said was if we had Rafale at the time (of aerial dogfight), then none of our fighter jets would have gone down and none of theirs saved," he added.
Tuesday was the last day of filing of nominations for February 8 Delhi Assembly polls, results of which will be declared on February 11. The AAP held the BJP responsible for the delay, a charge dismissed as 'drama' by the saffron party.
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.
The main contest is between the BJP, which has ruled the six corporations for last several terms, and the main opposition Congress.
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