Business Through a series of transactions, RIL subsidiary company executed agreements with Shapoorji Pallonji and Company Private Ltd, Khurshed Daruvala and Sterling, and Wilson Solar Ltd to acquire a 40 percent post-money stake in SWSL.
Tag Archives: India
From 2022, Bharti’s OneWeb and ISRO’s arm will partner to deploy satellites in India.
Astronomy(Business) On October 11, Bharti Group-backed OneWeb said that it has reached an agreement with ISRO’s commercial arm, NewSpace India Limited (NSIL), to launch its satellite in India starting in 2022. According to the statement, the agreement was reached through a letter of intent (LOI) with NSIL to use Indian-built PSLV (Polar Satellite Launch Vehicle)Continue reading “From 2022, Bharti’s OneWeb and ISRO’s arm will partner to deploy satellites in India.”
Uber will now follow your flights and have a ride waiting for you when you arrive.
Transportation(Business) If all goes according to plan, ride-hailing service Uber will make it easier to obtain a ride home from the airport. According to reports, Uber will now be able to follow your flights and have a cab waiting for you when you arrive. On Wednesday, the company announced that users will be able toContinue reading “Uber will now follow your flights and have a ride waiting for you when you arrive.”
PM Modi likely to launch National Infrastructure Plan on Wednesday
Infrastructural development (India) Prime Minister Narendra Modi will unveil the digital platform for the first-ever National Infrastructure Masterplan on Wednesday, which will map out the whole network of projects ranging from roads and trains to telecom networks and gas pipelines, from 2020 to 2024-25. The blueprint, dubbed PM GatiShakti, was unveiled on Independence Day andContinue reading “PM Modi likely to launch National Infrastructure Plan on Wednesday”
In Mumbai, Reliance opens Jio World Drive, a high-end shopping mall.
Business Jio World Drive is Mumbai’s newest, most dynamic urban hangout, spanning 17.5 acres at Maker Maxity and conveniently placed in the Bandra Kurla Complex. The precinct houses 72 well-known foreign and Indian companies, 27 culinary outlets serving international cuisines, Mumbai’s first rooftop Jio Drive-In Theatre, an open-air weekend community market, pet-friendly services, a dedicatedContinue reading “In Mumbai, Reliance opens Jio World Drive, a high-end shopping mall.”
For $771 million Reliance New Energy Solar acquires REC Solar Holdings .
Business(REC-Rural Electrification Cooperation Ltd shares) On October 10, Reliance New Energy Solar announced the acquisition of REC Solar Holdings for $771 million. “Reliance New Energy Solar Ltd (RNESL), a wholly – owned subsidiary of Reliance Industries Ltd (RIL), has announced the acquisition of a 100% shareholding in REC Solar Holdings AS (REC Group) from ChinaContinue reading “For $771 million Reliance New Energy Solar acquires REC Solar Holdings .”
The Reserve Bank of India is looking to raise warning flags about decentralised financial applications.
Finance (cryptocurrency- Digitalized money) According to two persons familiar with the situation, the Reserve Bank of India (RBI) is trying to red flag DeFi (decentralised finance) applications and initiatives and has sought legal guidance on how they function. According to legal experts, India presently lacks any regulations governing cryptocurrency, much alone something as disruptive asContinue reading “The Reserve Bank of India is looking to raise warning flags about decentralised financial applications.”
Modi welcomes Denmark counterpart Mette Frederiksen.
Honorable welcome The leaders of India and Denmark on Saturday signed agreements to intensify their cooperation in fighting climate change. PM Modi welcomed Danish Prime Minister Mette Frederiksen who is on a three-day visit to India.
West Bengal further relaxes Covid restrictions from 10-20 Oct.
Pandemic reliefs (covid-19) All shops, restaurants and bars can remain open as per normal operational hours, the West Bengal government notification read Further relaxing restrictions due to Covid-19, the West Bengal government on Saturday allowed all shops, restaurants and bars to remain open as per the normal operational hours between 10 and 20 October.
Delhi power crisis: Blackout warning for city as only ‘one day’ coal stock left
Electricity(power crises – India) This warning came after the Delhi Power Minister held a meeting with the representatives of power distribution companies (discoms) to discuss the ‘power crisis’. There is only one-day stock of coal left in the thermal power station from where the national capital gets electricity, Delhi Power Minister Satyendar Jain said onContinue reading “Delhi power crisis: Blackout warning for city as only ‘one day’ coal stock left”
Arunachal Pradesh’s Itanagar hit by a 3.6 magnitude earthquake
Earthquake(India) seismogram has measurement of magnitude between 1 to 10 Earthquake of Magnitude:3.6, Occurred on 09-10-2021, 01:24:33 IST, Latitude: 27.40 and Longitude: 92.87, Depth: 5 Km, Location: 80 km West-Northwest of Itanagar, Arunachal Pradesh,’ the NCS said in a tweet An earthquake of 3.6 magnitude on the Richter scale struck the West-northwest area of ItanagarContinue reading “Arunachal Pradesh’s Itanagar hit by a 3.6 magnitude earthquake”
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