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“Reliance to sell stakes for Rs 1.15 lakh cr to become zero-debt firm in 18 months”

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Richest Indian Mukesh Ambani on Monday announced plans to sell stakes in his flagship Reliance Industries’ oil and chemical business to Saudi oil giant Aramco and in fuel retail network to BP plc of UK for a combined Rs 1.15 lakh crore as he looked to make his company a zero-net debt firm in 18 months. Parallelly, the oil-to-telecom conglomerate will roll out fiber-based fixed-line broadband services from September 5, offering internet speed of at least 100 mbps, free voice calls for life, television and video streaming on HD sets…

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NATIONAL NEWS NEWS CATEGORIES 

Kerala rains: Toll climbs to 88, 40 still missing

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Rain-battered North Kerala is slowly limping back to normalcy, even as the toll in the monsoon fury in the state rose to 88 on Tuesday morning and 40 people were still missing. Over 2.52 lakh people have taken shelter in 1,332 relief camps across the state. Chief Minister Pinarayi Vijayan has left for the worst affected districts of Malappuram and Wayanad from where 41 deaths have been reported in a series of landslides on August 8. Addressing the flood-affected at a relief camp in Meppadi in Wayanad, Vijayan said, “the…

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NEWS CATEGORIES SPORTS 

England hope Archer is on target against Smith in second Ashes Test

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England are set to field a revamped attack featuring fast bowler Jofra Archer as they try to finally get Australia’s batting star Steve Smith out cheaply and level the Ashes in the second Test at Lord’s. Holders Australia, bidding to win their first away Ashes series for 18 years, humbled England last time out thanks in large part to Smith, who returned to this level following a 12-month ban for his involvement in a ball-tampering scandal with two centuries as they cruised to a 251-run first Test win at Edgbaston.…

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BUSINESS NEWS CATEGORIES 

Rupee falls 38 paise; touches 71 level against US dollar

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The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy. At the Interbank Foreign Exchange, the rupee opened weak at Rs 71.15 then fell further to 71.16 against the American currency, down 38 paise over it’s previous closing price. The Indian rupee on Friday had closed at…

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LEGAL NEWS NEWS CATEGORIES 

Assam NRC: SC orders list of exclusion be published only online on Aug 31

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The Supreme Court on Tuesday ordered that the list of those excluded from the final Assam NRC be published only online on August 31. A bench comprising Chief Justice Ranjan Gogoi and Justice R F Nariman said that like Aadhaar data, an appropriate regime be enacted for securing the Assam NRC data. The apex court also said that the ongoing NRC exercise cannot be ordered to be reopened on the basis of certain legal challenges raised before it. The top court had earlier said that the final Assam NRC would…

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NEWS CATEGORIES SPORTS 

New Zealand eye top Test ranking in Sri Lanka series

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New Zealand have a chance of securing the top spot in Test cricket when they take on Sri Lanka in a two-match series from Wednesday, exactly a month after their cruel World Cup defeat to England. New Zealand, with 109 points in Test cricket, are ranked behind India on 113 points, but a 2-0 series win in Sri Lanka will see the Kiwis leapfrog the Asian heavyweights. Test rankings have added relevance with the new, two-year ICC World Test Championship now under way, culminating in a 2021 final at Lord’s…

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LEGAL NEWS NEWS CATEGORIES 

HC restrains portal from using ‘Vistara’ on products; says it poses security threat

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An aviation studies portal has been restrained from offering counterfeit ‘Vistara’ branded products by the Delhi High Court, which said that it posed security risks at airports as it is a distinctive Tata-SIA airline trademark in the airline industry. The high court said that Pilot 18 Aviation Book Store, which operates the web portal www.pilot18.com, was not just selling products bearing the mark ‘Vistara’ but also products of various other airlines including Jet Airways, SpiceJet and Air India and this posed a serious security threat. Justice Prathiba M Singh directed…

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ENTERTAINMENT NEWS CATEGORIES 

‘Dream Girl’ my most fearless performance: Ayushmann Khurrana

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Ayushmann Khurrana on Monday treated the audience with a quirky and funny trailer of his next “Dream Girl”, and the National Award-winning actor said the film has been his most “fearless” portrayal till date. The actor, who has always received praise for his unconventional choices, credited writers for coming up with the out-of-the-box ideas. “When you come Mumbai, you create a certain perception in your mind because you’ve grown up on Hindi films. I thought Shah Rukh Khan’s character in ‘Kabhi Ha Kabhi Na’ would be my dream role. Then…

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NEWS CATEGORIES WORLD NEWS 

Any bilateral differences should not become disputes: Jaishankar to China

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India and China on Monday agreed on a host of initiatives to improve their relations, with New Delhi emphasising that the future of the ties will depend on the mutual sensitivity to each other’s “core concerns” to ensure that any bilateral differences should not become disputes. Making his first visit to China after taking over office, External Affairs Minister S Jaishankar held candid talks with top Chinese leaders. His visit three-day visit to China comes amid spiralling tensions between India and Pakistan over the revocation of special status to Jammu…

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NATIONAL NEWS NEWS CATEGORIES 

Eid in J-K passes off peacefully barring few incidents, no firing in Valley: Police

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Barring a few minor incidents in which some people were injured, Eid al-Adha festivities passed off peacefully in Jammu and Kashmir, and there was no firing anywhere in the Kashmir Valley, the police said on Monday. Inspector General of Police (Kashmir) S P Pani also said the Jammu and Kashmir administration was committed to maintain peace and order and the state police worked in this direction. “The Eid namaz was offered in different mosques and after the prayers, the congregations dispersed peacefully. There have been a couple of minor localised…

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