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Fitch affirms RIL ratings with stable outlook

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Mumbai, May 16 (DIN NEWS) Global rating agency Fitch today affirmed Reliance Industries’ long-term foreign-currency rating at BBB-, with a stable outlook. RIL’s rating is supported by its strong business profile, which is driven by its robust refining and petrochemical operations, the agency said in a note. Its primary analyst and a director Muralidharan R cited the robust and improved refining operations that consistently outperform regional refining benchmarks as one of the reasons for retaining the rating with stable outlook. The company runs the world’s largest single-location refinery at Jamnagar with…

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ICC Strategic Group report fears formation of rebel governing body

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New Delhi, May 16 (DIN NEWS) A breakaway rebel governing body, the proposed T10 format and lack of interest from broadcasters are among “18 threats” that international cricket faces right now, according to a report of the ICC’s Strategic Working Group (SWG) which will discuss these issues with the BCCI here tomorrow. The report, which is in possession of PTI, claims to be a SWOT analysis of the issues confronting world cricket. The SWG comprises Cricket Australia’s David Peever, BCCI CEO Rahul Johri, Singapore’s Imran Khwaja, Cricket South Africa’s Patricia Karambami,…

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Optimistic Rahane says Rajasthan can still qualify for play-offs

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Kolkata, May 16 (DIN NEWS) Their fate hanging by a thread, Rajasthan Royals captain Ajinkya Rahane believes his side still can qualify for the play-offs even after a bitter six-wicket defeat to Kolkata Knight Riders in the Indian Premier League. After a great start by Jos Buttler and Rahul Tripathi, Rajasthan were bundled out for 142, which was chased down by KKR in 18 overs on Tuesday night in the eastern Indian city of Kolkata. Rajasthan are lying fourth in the standings with 12 points from 13 games and will now…

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ENTERTAINMENT NEWS CATEGORIES 

Gary Oldman to pen, direct and star in passion project ‘Flying Horse’

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Los Angeles, May 16 (DIN NEWS) Academy Award-winning actor Gary Oldman is all set to write, direct and feature in his passion project currently titled “Flying Horse”. The 60-year-old actor is returning to filmmaking over 20 years after he made his directorial debut with “Nil By Mouth”, Deadline reported. Oldman will play famous photographer Eadweard Muybridge, a pioneer of motion pictures who had a troubled past. Muybridge murdered his wife’s lover and is later acquitted by a jury for justifiable homicide. Doug Urbanski and Tucker Tooley are attached as producers. “We…

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ENTERTAINMENT NEWS CATEGORIES 

Privileged if my Rs 100 cr film is called ‘flop’: Salman Khan

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Mumbai, May 16 (DIN NEWS) Superstar Salman Khan’s movie “Tubelight” was panned by critics but the actor says if a film of his makes more than Rs 100 crore and is still called a “flop”, then he is honoured. Released last year, “Tubelight” did a business of over Rs 100 crore in India. The film, however, was panned by critics and went on to incur losses, which Khan later compensated. The actor was supposed to make a father-daughter dance drama film with Remo D’Souza post “Tubelight” but there were rumours he…

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LEGAL NEWS NEWS CATEGORIES 

HC orders action against illegal water cooling plants in Delhi

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New Delhi, May 16 (DIN NEWS) The Delhi High Court today directed the local municipal bodies to take action against water cooling plants which are illegally operating in the national capital in violation of the master plan. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar issued notice to the three MCDs and the Delhi Development Authority (DDA) seeking their response to a plea by an NGO which has alleged that the water cooling plants are operating from notified commercial streets in “flagrant violation” of Master Plan…

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LEGAL NEWS NEWS CATEGORIES 

Auction process of Sahara’s Aamby Valley property to continue: SC

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New Delhi, May 16 (DIN NEWS) The auction process for the Sahara group’s prime Aamby Valley properties would continue as it has failed to deposit Rs 750 crore in the SEBI-Sahara refund account, the Supreme Court held today. A bench of Chief Justice Dipak Misra and Justices Ranjan Gogoi and A K Sikri was informed by the counsel representing the official liquidator that the group has not deposited Rs 750 crore in the refund account. Senior advocate Vikas Singh, representing Sahara chief Subrata Roy and the group, also told the court…

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India’s economic expansion to boost mining: President

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New Delhi, May 16 (DIN NEWS) India’s GDP and larger developmental process will gain momentum over the coming decades and in turn bolster the mining and minerals sector, President Ram Nath Kovind said today. He also asserted that eventually the local communities must benefit from the discovery, extraction and development of mineral resources. The reform process set in motion in the mining sector four years ago is bearing rich dividends and will enhance the fiscal health of states, Kovind said at the National Geoscience awards event here. “India is one of…

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NEWS CATEGORIES WORLD NEWS 

Turkey tells Israel’s Istanbul consul to leave in escalating row

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Istanbul, May 16 (DIN NEWS) Turkey has told the Israeli consul general in Istanbul to leave the country temporarily, state media said today, the latest of a series of tit-for-tat expulsions in a growing crisis over Israel’s deadly firing on Palestinians on the Gaza border. The Turkish foreign ministry has told the consul to leave Turkey “for a period of time”, the state-run Anadolu news agency said. Turkey had already withdrawn its ambassador in Tel Aviv for consultations and told the Israeli ambassador to Ankara to leave, while Israel ordered the…

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NEWS CATEGORIES WORLD NEWS 

Ex-French leader Sarkozy faces ruling on campaign finance trial

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Paris, May 16 (DIN NEWS) Former French leader Nicolas Sarkozy faces a hearing today on whether he must stand trial on charges of illicit financing of his failed 2012 presidential campaign, one of several legal inquiries which have dogged the rightwing politician since he left office. If an appeals court upholds a judge’s decision last year ordering the trial, Sarkozy could face a potentially embarrassing public ordeal as well as up to a year in prison if convicted. Prosecutors claim Sarkozy spent nearly 43 million euros (USD 51 million) on his…

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