(FE) Reliance Industries’ (RIL) wholly owned subsidiary Reliance Industrial Investments and Holdings (RIIHL) proposes to acquire equity shares of The Indian Film Combine (IFC), for `1,105 crore, according to a statement on stock exchanges. As part of the transaction, RIIHL will be acquiring 65% of current paid-up equity share capital of IFC from the existing shareholders. This will include 20% from the Mauritian arm of Xander Group Inc based in the US for `340 crore and 45% from entities belonging to the promoter group of RIL for `765 crore. The remaining 35% of IFC continues to be held by the…
Author: Aruna Sharma
(LiveMint) The government has decided against formulating an electric vehicle (EV) policy in an apparent U-turn from its position so far, providing a breather to many carmakers that are unprepared for an abrupt shift to the clean-fuel technology. “There is no need for any policy now,” Nitin Gadkari, minister for road transport, said at a press briefing on Thursday. He was addressing reporters along with Amitabh Kant, chief executive of government think tank NITI Aayog. This is a remarkable volte-face, given that as recently as last month, Gadkari said the policy was awaiting approval from the union cabinet. He had…
(AU) मध्य प्रदेश के ग्वालियर जंक्शन स्टेशन पर इंदौर-अमृतसर एक्सप्रेस में लूट के मामले में रेलवे पुलिस की बड़ी लापरवाही सामने आई है। ट्रेन जब आगरा कैंट रेलवे स्टेशन पर पहुंची तो यात्रियों ने जमकर हंगामा किया। उनका कहना था कि ट्रेन में चलने वाला स्क्वैड काफी देर से आया। कुछ यात्रियों ने घटना की जानकारी के लिए जीआरपी के हेल्पलाइन नंबर भी कॉल किया मगर किसी ने नहीं उठाया। आगरा कैंट पर आरपीएफ व जीआरपी के अधिकारियों के समझाने पर यात्री शांत हुए। इसके बाद ट्रेन को दिल्ली के लिए रवाना किया जा सका। सीओ जीआरपी योगेश पाठक ने…
(LiveMint) A day after Punjab National Bank (PNB) announced that it had unearthed fraudulent transactions worth Rs11,400 crore at one of its branches in Mumbai, the key question is who is liable to pay this amount. While PNB has said it will honour its commitments, it did not clarify whether it will bear the entire liability, pointing out that the matter is under investigation. However, lawyers said that the liability to pay foreign branches of banks rests with PNB. “Laws are very clear about the letter of undertaking (LoU) or letter of credit (LC),” said Jayesh H., founder and senior…
(FE) Uttar Pradesh chief minister Yogi Adityanath is set to present his second full budget today after coming to power in the state in March 2017. A year before the Lok Sabha elections, Yogi government’s budget is expected to be a populist one with some big announcements for the stressed farm sector, jobs and infrastructure. In 2019, BJP will be banking on Uttar Pradesh to come back to power at the Centre once again. In the 2014 General Elections, the saffron party had won record 71 out of 80 Lower House seats in the state. A day ahead of the…
With the commissioning of the second 9 MW hydro generating unit, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the 18 MW Mukerian Hydro-Electric Project (HEP) Stage-II in Punjab. The first unit of the 2×9 MW Mukerian HEP, commissioned in May, 2017 by BHEL, has been operating successfully. Significantly, the 9 MW Bulb Generating set is the highest rated Bulb Generating set supplied by BHEL. Bulb turbines are specialized, state-of-the-art hydro turbines used for low head and high discharge applications. Bulb turbine assembly consists of generator internally integrated with the turbine in the bulb, which is immersed in water. Located…
(ET) Congress’ meticulous planning has helped party president Rahul Gandhi to have a successful four-day campaign in Hyderabad-Karnataka, where the party holds 23 of the 41assembly seats against BJP’s 10. Each place Gandhi visited to drumbeats, dancing on the roads and traditional welcomes,was chosen to maximize the impact. Chief minister Siddaramaiah proved a far better orator than Gandhi but he was not intimidated by the louder applause the CM received. Lingayats may be still derisive, but Gandhi seemed to have traction among Other Backward Castes, Dalits and minorities and some urban, educated youth, considered Prime Minister Narendra Modi’s votebank.
(AU) प्रदेश की योगी आदित्यनाथ सरकार ने 2017-18 को किसान वर्ष घोषित किया था और किसानों को कर्जमाफी जैसी सबसे बड़ी योजना की सौगात दी थी। सरकार 2018-19 को युवा वर्ष घोषित कर सकती है, लेकिन युवाओं को लैपटॉप के लिए अभी और इंतजार करना पड़ सकता है। सरकार ने युवा वर्ष में लैपटॉप की जगह नौकरी को प्राथमिकता देने का मन बना लिया है। इसके अलावा खेती-किसानी, सड़क-बिजली-पानी, एक्सप्रेस-वे व नहरों के विकास जैसे कामों पर दूसरे बजट में फोकस होगा। सूत्रों ने बताया कि योगी सरकार ने पहली कैबिनेट बैठक में प्रधानमंत्री नरेंद्र मोदी के किसानों की कर्जमाफी…
(AU) बजट 2018-19 में केंद्र सरकार द्वारा घोषित की गई नेशनल हेल्थ प्रोटेक्शन स्कीम को जमीन पर उतारने की कवायद शुरू की जा चुकी है। केंद्र ने राज्यों से चर्चा के लिए आज बैठक बुलाई है। बैठक में सभी राज्यों के सचिवों को बुलाया गया है। दो दिवसीय बैठक में केंद्र सरकार और नीति आयोग के अधिकारी भी मौजूद रहेंगे। जो योजना को लागू करने के तौर-तरीकों पर चर्चा करेंगे। इस योजना के माध्यम से 50 करोड़ लोगों को हर साल 5 लाख रुपये तक का बीमा उपलब्ध कराने की योजना है। योजना के लिए सरकार ने दो हजार करोड़…
(Tribune) The revered Kedarnath shrine in Uttarakhand will open for devotees on April 29, officials said today. As per the tradition, the date for opening the eighth century Shiva temple was declared after consultation among astrologers and priests, at a meeting held at the Shri Onkareshwar temple in Ukhimath in Rudraprayag district of Uttarakhand on Wednesday. The timing for opening of the temple gates has been fixed at 6.15 a.m. Kedarnath is one of the four shrines of the famous annual pilgrimage – Chaar Dhaam Yatra – which attracts millions of pilgrims from all over the world every year.