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.
'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.
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.
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.
"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.
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.
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.
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.
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.
The move comes days after the Indian Navy also warned of a possible terror attack from the sea side.
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.
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.
The Indian Coast Guard on Friday seized a Pakistani boat and arrested seven fishermen for crossing the International Maritime Boundary Line near Jamnagar.
The police have stepped up security following an intelligence alert over the possibility of terror strikes on key installations and oil refineries based at Jamnagar in Gujarat, and released photographs of the suspected terrorists. The Intelligence Bureau had recently alarmed the authorities in Jamnagar and capital Gandhinagar, about possible strikes by suspected Lashkar-e-Tayiba terrorists.
Billionaire Mukesh Ambani's Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE. The oil-to-telecom conglomerate will join the recently-formed Ta'ziz joint venture of Abu Dhabi state energy giant Adnoc and state holding company ADQ for developing the Ruwais Derivatives Park in western Abu Dhabi. A company statement said an agreement has been signed for Reliance to invest in the project but did not give details. Unconfirmed reports put the investment at about $1.5 billion.
Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making plant and an electrolyzer unit to produce green hydrogen as a part of the business, chairman Mukesh Ambani said at the company's annual general meeting with shareholders on Thursday. It will also set up 100 gigawatts (GW) of solar power generation capacity by 2030 and invest in setting up a carbon fibre plant.
In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
Nine defence personnel, including five officers, were on Thursday killed when two MI-17 choppers of Indian Air Force collided mid-air just after take off from an air base.
Suspended Indian Police Service officer Sanjiv Bhatt on Thursday got relief as the Gujarat high court quashed a lower court's order in the 1990 case of alleged police atrocity, and directed that Bhatt's revision petition be decided in six weeks.
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
The Association of Indian Physicians of Northern Ohio has formed an international partnership with the Anadabava Seva Sanstha, based in Jamnagar and the B D Mehta Mahavir Heart Institute in Surat, to help poor and needy patients in these two district
Many towns in Gir Somnath turned into islands as the district has been witnessing heavy rains for the third consecutive day.
One labourer was killed and 45 others injured when an under-construction building inside the Indian Air Force base in Jamnagar district of Gujarat collapsed on Thursday, district officials said.
A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the 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.
Reliance Industries Ltd has won government approval for laying six petroleum product pipelines across the country to sell output from its 33 million tonnes per annum Jamnagar refinery in Gujarat.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
In the wake of 73 confirmed cases of coronavirus in India so far, the Union health ministry has made functional 52 laboratories for testing samples while 57 labs have been designated for helping in sample collection for Covid-19 to enhance capacity for diagnosis and detection of the disease. "Following the increase in load of screening samples from suspected cases with symptoms and travel history to the affected countries, the department of health research/ICMR has commissioned 52 laboratories for COVID-19 testing in India," an official said.
The Centre has cleared a proposal of deploying 100 Central Industrial Security Force personnel each for Reliance refinery in Jamnagar and for Infosys premises in Bangalore.
The new Special Economic Zones, including the Reliance Industries' Jamnagar refinery, would help increase India's SEZ exports by 40 per cent this fiscal, righting partially the dismal picture of the country's total exports, according to government estimates.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
RPL, a unit of Reliance Industries, had sought nod to export the entire liquefied petroleum gas production in the six months to fully commissioning its 580,000-barrels per day refinery in the Jamnagar special economic zone. RPL, in which US energy major Chevron Corp has 5 per cent stake, is likely to start producing fuel from the unit being set up adjacent to parent firm's existing 660,000 bpd refinery at Jamnagar in the next few weeks.
A look at what the IPL teams and players are doing to support the people of India in this massive battle against the deadly coronavirus.
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