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.
In a two-page letter written on December 12, 2017, the Reliance head said he was "personally saddened" by the "unfortunate statements" against him and his group by several functionaries of the Congress party.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
In recent years, China has refrained from taking a public stance on the India-Pakistan ties, expressing hope for resolution of the disputes through dialogue.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
'Initially I was fearing that I may come in contact with the virus but when I reached the centre I gained confidence'
Many of the stories, the pictures going out of India worldwide lately with these provocative processions, taunting of Muslims, bulldozers targeting mostly their properties, the sweeping 'othering' of a community of 200 million are painting the front pages and TV screens in the democratic world. That is where most of the friends we covet lie. Soon enough, these will also make our vital friends among the Muslim nations, from Bangladesh to Saudi Arabia and the UAE, uneasy. The best time for course correction is now, asserts Shekhar Gupta.
Selects Wipro, Collabera as vendors; total IT sourcing from India about $1 billion.
While there is a shortage of testing kits, manpower and capacities, India does not have other scalable testing options.
Reliance had been trying to bring the brand back to the forefront recently, after years of lull, through new ad campaigns highlighting a youthful range, called Unformal, in workwear.
Candidates appearing for the exam in Kolkata were seen standing in queues while abiding by the social distancing norms.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
Last year in January at Amazon's flagship event Smbhav, Infosys Co-founder N R Narayana Murthy had to shorten his keynote speech from 20 minutes to about five because the event was delayed by 1.5 hours. "I will try to finish it in five minutes, because I am not used to delays," said Murthy, while addressing hundreds of micro, small and medium enterprises (MSMEs) about building businesses that last. In the audience was Amazon founder Jeff Bezos. Murthy referred to Bezos' prediction that the 21st century will be the Indian century. "That confidence enhances our enthusiasm," said Murthy. The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed.
State Bank of India partnered GE Capital in 1998 for its credit card business.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
India has become the 37th country to join the list of Strategic Trade Authorization-1 category, the only South Asian nation.
India and the United States on Wednesday held the fourth round of dialogue on cooperation in high technology, with New Delhi
Park is charged with one count of conspiracy to commit computer fraud and abuse and one count of conspiracy to commit wire fraud.
VBT is opening its new manufacturing facility, costing Rs 80 crore, through a joint venture with Azad group at Hoskote near Bangalore on Thursday. Initially, VBT will produce 450 buses and by 2010 the unit will reach its full capacity of 1,000 buses, he said.
The proposal for undertaking joint technical development work for extending range beyond 300-km has been executed between India and Russia, Minister of State for Defence Subhash Bhamre said in a written reply to the Lok Sabha.
While the governments of Odisha, Madhya Pradesh and Chhattisgarh have assured students that they will provide transportation to candidates, a group of IIT alumni and students have also launched a portal to provide transport facilities to exam centres for the candidates in need.
The joint venture will look at long-term, patient investments on solutions that don't lend to an IPO or exit on valuation basis.
It was an event for budding entrepreneurs to showcase their Innovative Socio-Business Projects at IIT Madras organised by Genesis, a joint initiative of the Siva group (a $3-billion global conglomerate) and C-Tides (Cell for Technology Innovation, Development and Entrepreneurship Support), IIT Madras.
Is it Rs 300 billion or Rs 66 billion or Rs 33.12 billion?
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
On Tuesday, Pompeo and Esper will hold the 2+2 talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, covering the entire expanse of defence and security ties as well as key regional and global issues.
Boeing is likely to vie for the deal to supply 110 fighter jets to the IAF in one of the biggest such procurement in recent years globally which could be worth over USD 15 billion.
The Covid pandemic has left a question mark on how the central government manages its staff.
As many as 29,557 COVID-19 patients have recuperated in the past 24 hours.
The government also wants to ensure that content meant for radicalising youths, from outfits like Islamic State, doesn't find circulation in India.
The government is attempting everything it can to make sure that this does not happen, observes Aakar Patel.
The aim of the exhibition in London is to present evidence relating to the scientific basis of Ayurveda and the potential it holds for global health care.
Boeing's confirmation that the Super Hornet has flown off a ski-jump is a statement that it is ready to operate off existing Indian aircraft carriers.
The bilateral and Quad summits, in which Prime Minister Modi played a significant role, has sent the right message to China, observes Ambassador T P Sreenivasan.
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