Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
Delhi's 24-hour average air quality index (AQI) stood at 248 on Saturday.
The toll in the clashes between police and protesters opposing a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh, rose to four following the death of one more injured person, officials said on Monday.
In a bid to defuse the controversy over the appointment of "foreign" consultants, the Planning Commission on Thursday announced dissolution of all the consultative groups established for mid-term appraisal of the 10th Plan.
The Planning Commission will soon set up a core group to coordinate relief work in areas affected by the December 26 tsunami disaster that left over 10,000 people dead and damaged property worth $ 1.5 billion.
Women-centric schemes could have proved a game-changer in both Maharashtra and Jharkhand, as both states witnessed a surge in women voters in the recently held assembly polls as well as return of the ruling alliances with a thumping majority.
The issues concerning growth and Mid-Term Review of the 11th Plan came up for discussion at the first meeting of the newly constituted Planning Commission. The 11th Plan had set an average economic growth target of 9 per cent for 2007-12. Although the economy during 2007-08 expanded by 9 per cent, growth plummeted to 6.7 per cent during 2008-09 on account of the impact of the global crisis.
ISRO's vendor policy and quality control processes are under scanner.
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
As Chief Minister Arvind Kejriwal pitches for early assembly polls in Delhi, experts on Sunday said the city government may have to write to the Election Commission giving reasons behind the demand. The term of the Delhi assembly ends on February 23 next year and the polls are expected to be held sometime early February.
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
Punjab Chief Minister Bhagwant Mann has dismissed speculation about dissent within the Aam Aadmi Party's state unit, asserting that Congress leaders have a history of switching parties while AAP leaders remain dedicated. Mann's remarks came after Punjab Congress leader Partap Singh Bajwa claimed that over 30 AAP MLAs were in touch with his party. Mann, however, dismissed Bajwa's claims, stating that Congress has a culture of switching sides. The meeting follows AAP's defeat in the Delhi Assembly elections, sparking speculation about instability in its Punjab unit. Mann reiterated the unity within AAP, highlighting his government's achievements, including closing 17 toll plazas, stopping multiple pensions for MLAs, and implementing the Delhi model in Punjab. On the promise of financial assistance of Rs 1,000 to women, he said it will be provided in the coming days. Meanwhile, the BJP has also intensified its attack on the AAP, with BJP leader Manjinder Singh Sirsa taking a dig at Kejriwal for holding a meeting with Punjab MLAs despite AAP's defeat in Delhi.
The document also recommends setting up of a high-level committee with the task of examining the option and asking it to submit a report within six months.
Police registered a case against more than 200 persons from Markadwadi village and nearby areas in Maharashtra's Solapur for allegedly trying to conduct a 're-election' using ballot papers on Tuesday in an unauthorised manner, officials said.
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.
The Eleventh Plan draft document has built a strong case for relaxing foreign direct investment norms in key sectors like insurance, private banking, single brand retailing and broadcasting. The draft would be discussed at full Planning Commission panel meeting on Thursday.
The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.
Rajan Committee has evoked divergent reactions from the states.
'For the next nine months to one year I would still be an active player.'
There would be a gap in legislation to be caused by proposed winding up of MRTPC with respect to unfair trade practices. The gap can be filled in be establishing NCPA through enactment of National Consumer Protection Authority Act, the document said. The MRTPC, which has been looking into various unfair trade practices would be wound up to make way for Competition Commission, which is likely to be fully operational by the end of next year.
Russia's state-owned oil firm Rosneft has agreed to supply up to 500,000 barrels per day (bpd) of crude oil to Indian upstream oil and gas major Reliance Industries (RIL) in the largest-ever energy deal between the two countries, Reuters reported on Thursday. The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year at current prices, it said.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
Former Delhi Commission For Women (DCW) chief Swati Maliwal has written to Delhi Chief Minister Arvind Kejriwal, accusing his ministers of making the women's panel a 'weak institution'.
The Planning Commission in May 2012 had constituted the expert group under the then Prime Minister's Economic Advisory Council Chairman C Rangarajan to review the Tendulkar Committee methodology for estimating poverty, following an uproar over the number of poor in the country.
Coinciding with the 3-day traders stir against the implementation of value added tax, the Mid-term Appraisal of the 10th plan has pointed to "serious design flaws" in the tax even as Planning Commission Deputy Chairman Montek Singh
She also slammed the Centre for its decision to observe January 23 as 'Parakram Diwas' to commemorate the birth anniversary of Netaji Subhas Chandra Bose and said the Narendra Modi government did not consult with her before announcing it.
The government is trying to promote infrastructure development through PPP projects and has suggested the state should pick projects under this mode in a big way.
Health and education sectors will get just 61 and 60 per cent of the funds earmarked in the 11th Plan period, according to estimates prepared by the Planning Commission.
The Planning Commission has scaled down the growth rate for the Eleventh Plan ending 2012 to 8.1 per cent from 9 per cent in the wake of the global financial crisis that slowed the pace of economic expansion.
Pakistan's election commission has expressed its inability to hold general elections within three months due to legal, constitutional and logistical challenges, according to a media report on Tuesday.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
The initial draft of the approach paper to the 12th Plan had set a target of 9-9.5 per cent growth, depending on the global economic scenario.
Planning Commission to ask Prime Minister's Office to intervene.
