'Nepal today is far more aware, self-confident, aspirational, and assertive.' 'India's policy so far has not been geared to this shift. It is time to redraw our Nepal strategy.'
Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent $7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance.
It was agreed at the meeting to recommend to the competent authority on two issues namely the Declaration of Commerciality of certain wells in the NEC 25 and KG D6.
Terming as 'malicious, baseless, mischievous and ill-informed' the advertisement propaganda by Anil Ambani Group on its gas field capex, Reliance Industries has stated that the development cost was the lowest in the world and compares favourably to any other project in India.
RIL president and CEO (Oil and Gas) PMS Prasad, who met petroleum ministry officials to discuss under capacity production from the company's KG basin fields, said: "We have time till July 15 to decide. . . we are still evaluating our options."
In a letter to the state principal secretary (energy and petrochemicals) S Jagdeesan on September 4, RIL executive director PMS Prasad said NTPC is currently buying natural gas on spot basis, which could potentially increase the cost of power by about Rs 1,500 crore.
The gas market in India is at an inflection point. The increase in gas supplies would also promote setting up of brownfield and greenfield projects
$5.2bn will be spent on gas production, while a larger chunk of $7bn on building gas pipes.
Indian Police Services officer K Durga Prasad will no longer hold the charge of chief of the elite Special Protection Group.
Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". In June 2020, Mukesh D Ambani, chairman and managing director of Reliance Industries, voluntarily decided to forego his salary for the year 2020-21, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.
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.
'Rahul is not even a lamp before the sun'
Besides the national capital, polling for the sixth round of the marathon seven-phase elections will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir.
The BJP on Thursday alleged that the opposition parties have decided to boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi just because it has been built at his initiative.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
Trinamool Congress MP Derek O'Brien said the situation in Bihar is one of the reasons behind the Parliament session being cut short by the government.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
He also lashed out at the Congress over a joint statement issued by India and Pakistan in Sharm el-Sheikh in July 2009.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
Modi said the wave in favour of the BJP was stronger this time than in 2014.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
So far as entitlements and privileges of a PM's wife are concerned, the rules, though, are not as clear.
The prime minister said India will continue to support Nepal according to that country's priorities, adding both sides have agreed to expedite all connectivity projects.
'The conception of Make-in-India, Skill India, Smart Cities, Digital India, Beti Bachao, Beti Padao and so on show a visionary breadth of mind, and Modi is almost the first political leader in India to put them into effect with single-minded zeal,' notes B S Raghavan, the former civil servant.
'It will be our attempt that in order to get the country out of the condition it is in because of their (the BJP) coming to power, the Congress will go to them (leaders of parties opposed to the BJP) and if there is need for support we shall do so too.'
His sartorial taste is not something he acquired suddenly as the chief minister of the prime minister. His "god-given" dress sense is like his politics: inventive, imaginative if slightly unconventional, often loud. It goes well with his oratory, robust persona and penchant for coining terms, says Mahendra Ved.
Now that an elected chief minister is at the helm, it is high time the Centre initiate discussions to appoint a full-time governor at the earliest, given that the state is set to face some challenging times, says N Sathiya Moorthy.
Mahesh Rangarajan, director of the historic Nehru Memorial Museum and Library in New Delhi, tells Sheela Bhatt how the first prime minister will always remain relevant, and the efforts being made to keep his legacy alive.
