News for 'fuel security'

Protesters claim to have found 17.85 mn rupees in Rajapaksa's house

Protesters claim to have found 17.85 mn rupees in Rajapaksa's house

Rediff.com10 Jul 2022

A video is being shared on social media showing the protesters counting the currency notes that were unearthed. The recovered money was said to be handed over to the security units, the Daily Mirror newspaper reported.

Reliance's O2C, new energy biz may be valued over $100 bn

Reliance's O2C, new energy biz may be valued over $100 bn

Rediff.com18 Jul 2021

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.

Pinarayi Vijayan's Saga With Black

Pinarayi Vijayan's Saga With Black

Rediff.com3 Mar 2023

In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.

Sri Lanka deploys troops, military vehicles on Colombo's streets

Sri Lanka deploys troops, military vehicles on Colombo's streets

Rediff.com11 May 2022

Sri Lankan authorities on Wednesday deployed troops and military vehicles in the streets to ensure public security in the capital amidst nationwide protests over the government's failure to tackle the worst economic crisis.

11 Pak soldiers killed as India retaliates to ceasefire violation

11 Pak soldiers killed as India retaliates to ceasefire violation

Rediff.com14 Nov 2020

The Indian retaliation came after Pakistani forces resorted to heavy shelling in several areas in north Kashmir, killing five security personnel and six civilians. A number of videos released by the Indian Army showed destruction of several Pakistani positions and bunkers across the LoC with some of them going up in flames following the Indian retaliation.

IAF inducts India-made light combat helicopters 'Prachand'

IAF inducts India-made light combat helicopters 'Prachand'

Rediff.com3 Oct 2022

The 5.8-tonne twin-engine gunship chopper is armed with air-to-air missiles, 20 mm turret guns, rocket systems and other weapons.

Sri Lanka declares emergency amidst protests over economic crisis

Sri Lanka declares emergency amidst protests over economic crisis

Rediff.com2 Apr 2022

Sri Lanka has also imposed a police curfew in Western Province for six hours.

Cybercrooks improvise to fuel underground economy

Cybercrooks improvise to fuel underground economy

Rediff.com21 Apr 2010

Criminals from the Internet's underground economy aren't just content to steal hard-earned money from ordinary users, they are increasingly focusing their efforts on high-end crime.

How the markets will fare this week

How the markets will fare this week

Rediff.com3 Apr 2022

Domestic macroeconomic data, RBI policy and developments related to the Russia-Ukraine war would be major driving factors for the stock market this week, analysts said. Moreover, FPI investment and trends in crude oil would also influence the trading sentiment, they added. "This week, the RBI credit policy will be a critical factor for Indian markets.

Reliance invests euro 25 mn in German solar firm

Reliance invests euro 25 mn in German solar firm

Rediff.com13 Oct 2021

Billionaire Mukesh Ambani's Reliance Industries has invested euro 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India. "NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its euro 39 million ($45 million) Series C financing round with an investment of euro 25 million ($29 million) in phase one," the Indian firm said in a late Tuesday evening statement. The investment by Reliance will accelerate product and technology development for NexWafe, including the completion of the commercial development of NexWafe's solar photovoltaic products on prototype lines in Freiburg.

Buying a New Car? An 8-point Check-List

Buying a New Car? An 8-point Check-List

Rediff.com10 Jun 2021

Is it only about choosing the right model and manufacturer? No, there's more to it. Know how to select the ideal car.

ISIS, Qaeda planning large-scale attacks on US, warns FBI

ISIS, Qaeda planning large-scale attacks on US, warns FBI

Rediff.com5 Aug 2022

Federal Bureau of Investigation director Christopher Wray on Thursday expressed concern that foreign terrorist organisations (FTOs), such as the Islamic State and Al Qaeda, may either launch or inspire large-scale attacks against the United States.

How the markets will fare this week

How the markets will fare this week

Rediff.com27 Feb 2022

The Russia-Ukraine conflict, which has spooked financial markets globally, will set the tone for Dalal Street this week amid concerns over energy prices and foreign fund outflows, analysts said. Participants will also track key macroeconomic signals like GDP estimates and PMI data for manufacturing and services sectors to be announced this week, they added. "With earnings season behind us and given the overall sentiments, markets are expected to move in sync with global peers in the coming week. "A close eye will be kept on the developments concerning the Russia - Ukraine crisis and considering the inflation overhang, market participants will also observe movements in energy prices," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

How the markets will fare this week

How the markets will fare this week

Rediff.com20 Mar 2022

Stock markets will be guided by global factors such as the Russia-Ukraine war, the COVID-19 situation in China and crude oil prices in absence of major domestic events this week, analysts said. Stock markets are expected to keep their winning momentum this week as FIIs may come back aggressively fuelling a further rally in the market, they added. "In absence of any major event, global cues viz the Russia-Ukraine war, the COVID situation in China and movement of crude will remain in focus. "Besides, participants will be also be eyeing FIIs flow for cues," said Ajit Mishra, VP Research, Religare Broking.

MSP hike likely to fuel inflation by 50-90 bps

MSP hike likely to fuel inflation by 50-90 bps

Rediff.com5 Jul 2018

Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.

'No word if Census will happen in 2024'

'No word if Census will happen in 2024'

Rediff.com9 Feb 2023

'A delay of two years has happened, but stretching it to 2024 is a bit too far.' 'And we do not know about 2024 also.'

'The evil has not left our system yet'

'The evil has not left our system yet'

Rediff.com20 Jul 2022

'We don't have a plan for the crisis at all. The uncertainty will continue.'

Big blow to Russia in Ukraine, strategic city lost

Big blow to Russia in Ukraine, strategic city lost

Rediff.com11 Sep 2022

The war between Russia and Ukraine appears to be entering a new phase after Kyiv dealt a big blow to Moscow's grip on parts of the east with a fast-moving offensive that saw Ukrainian troops enter the strategic city of Izium after six months of occupation.

'Govt will ensure Internet is not dominated by big corporates'

'Govt will ensure Internet is not dominated by big corporates'

Rediff.com15 Dec 2021

The government fully supports foreign and Indian companies in leveraging Internet as "force of good" but will take all measures to ensure that Internet remains open and is not dominated by some big corporates, Minister of State for IT Rajeev Chandrasekhar said on Wednesday. Chandrasekhar said the government wants to make sure that intermediaries and the big platforms such as Meta (formerly Facebook) and others develop a culture of mutual respect and accountability between the platform and its users. "And we also want to make sure that given that a billion Indians are going to be there... women, children, elderly, pensioners, all of them, that the internet is also safe and trusted.

'Do 81 crore Indians deserve highly subsidised food grains?'

'Do 81 crore Indians deserve highly subsidised food grains?'

Rediff.com6 Jan 2023

'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Imran seeks better ties with US, retracts 'American plot behind ouster' claim

Rediff.com14 Nov 2022

In an interview with the Financial Times following an assassination attempt this month, Khan said he no longer 'blamed' the US and wants a 'dignified' relationship if re-elected.

India better placed to face global challenges and uncertainties: CEA

India better placed to face global challenges and uncertainties: CEA

Rediff.com18 May 2022

India, he said, has already taken a host of reforms in banking and other sectors and is now focussing on stepping up public investment. "Compared to other nations, even among advanced countries, I think India is relatively better placed for the simple reason that India paid a certain price last decade... we had a banking system stress which was then compounded by stress in the non-banking financial sector towards 2018," he said at Amazon Smbhav Summit.

Security drill at Siddhivinayak bewilders devotees

Security drill at Siddhivinayak bewilders devotees

Rediff.com12 Apr 2010

On Monday afternoon, devotees at the Mumbai famed Siddhivinayak Temple were in for a surprise, when cops armed with machine guns cordoned off the temple and the surroundings to conduct a mock drill.

Prices of consumer items have spiked up to 32% in a year

Prices of consumer items have spiked up to 32% in a year

Rediff.com22 Jul 2022

Consumer-focused companies have been left with few options but to increase the prices of their products as input costs mount because of various factors, including supply chain disruptions. This has been affecting monthly household budgets. Prices of scores of items -- from spices to soaps to rice -- have increased in the past year.

Ranbaxy's plan for Lipitor fuels speculation

Ranbaxy's plan for Lipitor fuels speculation

Rediff.com4 Nov 2011

The generic products company had challenged the patent and secured a six-month exclusive right to sell a low-cost version of the $10.7 billion medicine in the US market after the expiry.

UAE shoots down 2 ballistic missiles fired by Houthis over Abu Dhabi

UAE shoots down 2 ballistic missiles fired by Houthis over Abu Dhabi

Rediff.com24 Jan 2022

The attack did not result in any human losses, it said, adding that the remnants of the intercepted and destroyed ballistic missiles fell in separate areas around Abu Dhabi.

RBI to go for another 0.40% rate hike next week

RBI to go for another 0.40% rate hike next week

Rediff.com3 Jun 2022

The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase in August, to make the total quantum of rate hikes at 0.75 per cent, the report by Bofa Securities said. On May 4, the Reserve Bank of India (RBI) hiked rates by 0.40 per cent, and Governor Shaktikanta Das has already called a rate hike at the forthcoming review as a "no brainer" given the pressure to maintain its core mandate of inflation in the targeted band of under 6 per cent.

Adani now keen to produce world's cheapest hydrogen

Adani now keen to produce world's cheapest hydrogen

Rediff.com11 Nov 2021

Billionaire Gautam Adani on Thursday said his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world's largest renewable energy company and produce world's cheapest hydrogen. Adani Green Energy Ltd (AGEL), the world's largest solar power developer, is targeting 45 gigawatts of renewable energy capacity by 2030 and will invest $20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23. Adani Transmission Ltd (ATL), India's largest private sector power transmission and retail distribution company, is looking to increase the share of renewable power procurement from the current 3 per cent to 30 per cent by FY 2023 and to 70 per cent by FY 2030.

Sri Lankan PM's house set afire; 2 shot, several hurt in protests

Sri Lankan PM's house set afire; 2 shot, several hurt in protests

Rediff.com9 May 2022

Sri Lanka Prime Minister Mahinda Rajapaksa's residence in the city of Kurunegala in the north-western province was set on fire on Monday, hours after the leader tendered his resignation.

IOC buys Russian crude at deep discount

IOC buys Russian crude at deep discount

Rediff.com16 Mar 2022

Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said. The purchase, made through a trader, is the first since Russia's February 24 invasion of Ukraine that brought international pressure for isolating Putin administration. Sources aware of the matter said IOC bought Urals crude for May delivery at a discount of $20-25 a barrel to dated Brent.

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Protesters clash inside Sri Lankan PM's residence, 10 hurt

Rediff.com12 Jul 2022

At least 10 persons were admitted to the National Hospital after the confrontation between protesters who have currently been staying inside the prime minister's official residence, the Colombo Post news portal reported.

The Akasa Air experience as it takes to the skies

The Akasa Air experience as it takes to the skies

Rediff.com8 Aug 2022

Sundays are generally quiet days for air travel, but this Sunday was a tad different. There was quite an excitement at Gate 28 of Mumbai airport's Terminal 1 as Akasa Air, India's newest airline, prepared to take to the skies on Day 1. With a new fuel-efficient Boeing 737 Max aircraft and soft cushioned seats equipped with USB ports, Akasa Air hopes to bring freshness to the flying experience.

Mahinda resigns as Sri Lanka PM, nationwide curfew imposed

Mahinda resigns as Sri Lanka PM, nationwide curfew imposed

Rediff.com9 May 2022

Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday, hours after his supporters attacked anti-government protesters outside embattled President Gotabaya Rajapaksa's office, leaving at least 78 people injured and prompting authorities to impose a nationwide curfew and deploy army troops in the capital.

Govt admits to cyber-attack on Kudankulam nuclear plant

Govt admits to cyber-attack on Kudankulam nuclear plant

Rediff.com20 Nov 2019

There is a secured system to tackle cyber attacks and there is a segregation of nuclear generation from the administrative segment, There is a secured system to tackle cyber attacks and there is a segregation of nuclear generation from the administrative segment, he said.

Global oil majors may be joining race for BPCL

Global oil majors may be joining race for BPCL

Rediff.com26 Aug 2021

Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India's biggest privatisation showed. Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner and second-largest fuel retailer. Detailing the 'Next Step', the 'Brief Note on BPCL Disinvestment' said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company and sale purchase agreement has to be finalised.

Amid tensions, army prepares for long winter in Ladakh

Amid tensions, army prepares for long winter in Ladakh

Rediff.com15 Sep 2020

As tensions between the armies of India and China at the LAC show no sign of ebbing, both sides have significantly ramped up the presence of their troops.

PM Modi may hold first in-person meet of NITI Aayog since 2019

PM Modi may hold first in-person meet of NITI Aayog since 2019

Rediff.com6 Jun 2022

Prime Minister Narendra Modi and chief ministers of states may soon have an in-person interaction on a common platform for the first time since 2019. The seventh meeting of the Governing Council of NITI Aayog is likely to be held in late June or early July, Business Standard has learnt from sources in the Centre and a state. While the date and other details are yet to be finalised, it is learnt that there will be a conclave of chief secretaries of states and Union Territories in Dharamshala, Himachal Pradesh, on June 14 and 15, which will decide the agenda of the Council meeting to be held at a later date.

TV channels fuel Dawood rumours

TV channels fuel Dawood rumours

Rediff.com7 Aug 2007

Some Indian television channels claimed that the gangster had been wounded in a shootout in Karachi while others reported that the gangster had been detained in Quetta.

Two-wheeler stocks may enter the fast lane riding on recovery hopes

Two-wheeler stocks may enter the fast lane riding on recovery hopes

Rediff.com2 May 2022

The two-wheeler sector has been underperforming its peers on the volumes front for over five quarters now. Even in the March quarter, Bajaj Auto and Hero MotoCorp posted a 17-24 per cent YoY decline in volumes, the sharpest in the listed auto universe. The ongoing impact of frequent price hikes, all-time high fuel prices, and muted rural sentiment has led to the lacklustre showing by two-wheeler makers. What has aggravated the situation for two-wheeler companies, which get almost all their sales from the internal combustion engine or ICE-based units, is the traction for electric two-wheelers (EV).

Retail FDI victory fuels govt's reforms push

Retail FDI victory fuels govt's reforms push

Rediff.com8 Dec 2012

The government wants to use the FDI victory impetus to clear the Companies Bill and those amending the banking and pension Acts.