The main contest is between the BJP, which has ruled the six corporations for last several terms, and the main opposition Congress.
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.
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.
Many towns in Gir Somnath turned into islands as the district has been witnessing heavy rains for the third consecutive day.
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.
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.
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.
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.
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.
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.
The oil ministry is believed to have turned down Reliance Petroleum Ltd's request to export LPG from its newly commissioned refinery at Jamnagar in Gujarat, forcing the only-for-exports unit to sell the cooking fuel locally.
The duo claimed they were employees of a software company in Mumbai and were in Jamnagar to survey the region for developing GPS-based software for their clients, which happen to be major telecom companies, Singhal added.
The Export Oriented Unit status of Reliance Industries' Jamnagar refinery in Gujarat has ended, allowing the company to sell petrol and diesel locally including through its 1,432 now-closed petrol pumps.
It is no secret that Team India's ace all-rounder Ravindra Jadeja loves horses. He has three at his farmhouse, located nearly 30 kilometres from Jamnagar.
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 has around 90,000 telecom towers now, half of which are operational and owned by the RIL and rest on lease.
Essar has announced a $6bn expansion plan to more than triple capacity at its refinery, while Reliance, at its site a few kilometres away, is working on plans to almost double capacity.
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.
Indian Petrochemicals Corporation Ltd employees affiliated to three separate unions in Vadodra will go on a mass protest on Tuesday against the proposed transfer of some of them to Reliance Industries' SEZ in Jamnagar.
Out of the 40 different cleanliness parameters passengers rated stench at stations as their top concern, followed by lack of dustbins and unclean platforms
'I would have loved to see Dhoni play the first ever Test in Rajkot.' Fans from Saurashtra share their excitement with Haresh Pandya.
The fertiliser and power companies say that the cost of gas would be too high, making operating on gas economically unviable.
The shareholders of Hindustan Lever Ltd have given their nod to the scheme of arrangement between HLL, Shamnagar Estates Pvt Ltd, Jamnagar Properties Pvt Ltd, Hindustan Kwality Walls Foods Pvt Ltd for demerger of shares.
The Fanaa controversy seems to be ending, finally!
The initial public offer of Reliance Petroleum Ltd, which opened for subscription from Thursday, has been oversubscribed five times.
Avani Chaturvedi flew a MiG-21 bison in her first training solo sortie, in Jamnagar, Gujarat.
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.
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.
Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, has been recommended for appointment as a director on the board of the company.
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.
Stakes are high for the ruling Bharatiya Janata Party against the backdrop of Patel quota agitation while Congress is pinning on hopes to make a comeback.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
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.
Jadeja scored 154 off only 69 balls for Jamnagar against Amreli as his side posted 239 for 6 in 20 overs.
Mahendra Singh Dhoni and several Indian cricketers are expected to fly to Rajkot to attend the reception.
India's Permanent Representative to the UN, Ambassador T S Tirumurti, said on Tuesday that India condemns all forms of anti-semitism and all forms of discrimination on religious grounds anywhere in the world.
