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What does 5G spectrum auction delay mean for India?

What does 5G spectrum auction delay mean for India?

Rediff.com29 Nov 2021

Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.

Need to pay remunerative price for farm produce: India Inc

Need to pay remunerative price for farm produce: India Inc

Rediff.com29 Nov 2021

'We need to encourage the next generation of farmers to continue in farming'

Why Amit Mitra is important to Mamata

Why Amit Mitra is important to Mamata

Rediff.com27 Nov 2021

No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.

Param Bir Singh to appear before graft probe panel on Monday

Param Bir Singh to appear before graft probe panel on Monday

Rediff.com26 Nov 2021

A single-member commission probing the allegations of corruption levelled by senior IPS officer Param Bir Singh against former Maharashtra home minister Anil Deshmukh on Friday directed Singh to appear before it on November 29.

Param Bir appears before Thane police to join extortion case probe

Param Bir appears before Thane police to join extortion case probe

Rediff.com26 Nov 2021

The probe team is likely to record his statement, the sources said, adding that zonal Deputy Commissioner of Police Avinash Ambure was present at the police station.

Will Ambani-Adani's Dominance Fade Away?

Will Ambani-Adani's Dominance Fade Away?

Rediff.com26 Nov 2021

It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.

Param Bir back in Mumbai, joins investigation in extortion case

Param Bir back in Mumbai, joins investigation in extortion case

Rediff.com25 Nov 2021

The IPS officer who is facing several extortion cases in Maharashtra had told news channels on Wednesday that he was in Chandigarh.

2 years of Uddhav as CM: Past perfect, future tense

2 years of Uddhav as CM: Past perfect, future tense

Rediff.com25 Nov 2021

The Uddhav Thackeray-led Maha Vikas Aghadi government in Maharashtra which completes two years in power on November 27 has survived against all odds amid the coronavirus pandemic.

Shocked, says Maha HM on Param Bir claiming threat to life

Shocked, says Maha HM on Param Bir claiming threat to life

Rediff.com25 Nov 2021

Maharashtra home minister Dilip Walse Patil on Thursday said he was shocked to know that senior IPS officer Param Bir Singh, who has earlier served as the police commissioner of Mumbai and Thane, should feel threat to his life.

Mumbai Indians to own team in UAE's T20 league

Mumbai Indians to own team in UAE's T20 league

Rediff.com24 Nov 2021

Reliance Industries Limited, which owns IPL side Mumbai Indians, is set to acquire a new franchise in the Emirates Cricket Board's upcoming UAE T20 League.

Former Mumbai CP Param Bir Singh says he is in Chandigarh

Former Mumbai CP Param Bir Singh says he is in Chandigarh

Rediff.com24 Nov 2021

Former Mumbai police commissioner Param Bir Singh, who has been declared a 'proclaimed offender' by a court in Mumbai, on Wednesday said he was in Chandigarh and would visit Mumbai soon.

SC protects Param Bir from arrest in criminal cases lodged in Maha

SC protects Param Bir from arrest in criminal cases lodged in Maha

Rediff.com22 Nov 2021

Singh, who had accused the then Maharashtra home minister Anil Deshmukh of corruption, has alleged frame up in criminal cases.

First bail granted in Antilia bomb scare case

First bail granted in Antilia bomb scare case

Rediff.com20 Nov 2021

A special National Investigation Agency (NIA) court in Mumbai on Saturday granted bail to Naresh Gaur, a cricket bookie, arrested for his alleged role in the Antilia bomb scare and businessman Mansukh Hiran murder case but stayed the order after the prosecution prayed that they wanted to challenge it before a higher court.

Number of farmers at Ghazipur protest site goes down

Number of farmers at Ghazipur protest site goes down

Rediff.com20 Nov 2021

However, the farmers are still protesting, demanding a law on MSP. Besides MSP, the farmers are also demanding a resolution for the livelihood of the families of the 700 farmers who died while protesting against the three farm laws.

Reliance reboots Aramco deal, to re-evaluate structure

Reliance reboots Aramco deal, to re-evaluate structure

Rediff.com19 Nov 2021

After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.

No protection until Param Bir tells where he is: SC

No protection until Param Bir tells where he is: SC

Rediff.com18 Nov 2021

'Suppose you are sitting abroad and taking legal recourse through power of attorney then what happens. If that is so then you will come to India if the court rules in your favour, we don't know what you have in mind'

Param Bir declared 'proclaimed offender' in extortion case

Param Bir declared 'proclaimed offender' in extortion case

Rediff.com18 Nov 2021

The crime branch of Mumbai Police, which is probing the case, had sought the proclamation, saying that the Indian Police Service officer could not be traced even after the issuance of a non-bailable warrant against him.

FRL independent directors threaten to 'expose' Amazon

FRL independent directors threaten to 'expose' Amazon

Rediff.com11 Nov 2021

Independent directors of Future Retail Ltd are collating information and will expose the details of contradiction and misrepresentation made by Amazon before the Competition Commission of India (CCI), said FRL independent director Ravindra Dhariwal. Speaking to PTI, Dhariwal said the independent directors are "collating" all the pieces of information together, going "deeper into each and every representation" which Amazon had made before the CCI and showing how its "intent was totally contradictory." "We are going out to point exactly to CCI, this is what they have told you and this is what the internal documents are saying. "We are going to expose the details of contradiction and details of misrepresentation, which they have made," Dhariwal said adding "We are going to show the true face of Amazon to the whole world". In November 2019, Amazon had acquired a 49 per cent stake in Future Coupons Pvt Ltd (FCPL), a company that holds a stake in FRL.

Oil PSUs to set up 22,000 EV charging stations

Oil PSUs to set up 22,000 EV charging stations

Rediff.com9 Nov 2021

Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation's target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, chairman Shrikant Madhav Vaidya said. Bharat Petroleum Corporation Ltd (BPCL) said it will set up 7,000 stations over the next five years while Hindustan Petroleum Corporation Ltd (HPCL) has plans for 5,000 stations.

Cops trace driver of car whose passenger asked about Antilia's location

Cops trace driver of car whose passenger asked about Antilia's location

Rediff.com9 Nov 2021

The driver of that car, a private cab, was brought to the Azad Maidan police station for questioning after the vehicle were traced to neighbouring Navi Mumbai late Monday night, the official said.

Security beefed up outside Ambani home after alert by cabbie

Security beefed up outside Ambani home after alert by cabbie

Rediff.com8 Nov 2021

Security was beefed up on Monday outside industrialist Mukesh Ambani's south Mumbai residence after a taxi driver informed the police that two suspected passengers carrying bags with them had asked him about the location of 'Antilia', an official said.

Tatas, Adani, Ambanis in scramble for super app

Tatas, Adani, Ambanis in scramble for super app

Rediff.com8 Nov 2021

The groups plan to take on well-entrenched players like Amazon, Flipkart, and Paytm by merging their offline businesses with e-commerce initiatives.

Ambanis not relocating to London: Reliance

Ambanis not relocating to London: Reliance

Rediff.com5 Nov 2021

It termed reports of the Ambani family looking to make the 300-acre country club in Buckinghamshire, Stoke Park their primary residence, as 'unwarranted and baseless speculation'.

Maha govt may have helped Param Bir to escape: BJP

Maha govt may have helped Param Bir to escape: BJP

Rediff.com2 Nov 2021

Shelar also claimed that the MVA govt was obstructing the Centre's strong actions to tackle the drug menace in the country.

BEAUTIFUL MOMENTS From SRK's Life

BEAUTIFUL MOMENTS From SRK's Life

Rediff.com2 Nov 2021

He may try to keep it as natural as he can but there's no doubt that he's stolen a piece of everyone's heart, and some of these pictures are proof of that.

What makes Reliance Retail a unique venture in India?

What makes Reliance Retail a unique venture in India?

Rediff.com31 Oct 2021

Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group's future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street retailing, RR's presence in the world's fourth largest consumer market is just one part of the story.

Jiophone Next to be available from Diwali for Rs 6,499 apiece

Jiophone Next to be available from Diwali for Rs 6,499 apiece

Rediff.com29 Oct 2021

Jiophone Next will be available from Diwali for Rs 6,499 per unit for customers wanting to buy the smartphone without financing option, Jio and Google said in a joint statement on Friday. Jio is also giving a finance option for the Jiophone Next where users can make an upfront payment of Rs 1,999 and pay the rest in easy monthly instalments spread across 18-24 months, the company said in a statement. "This is the first time that a phone in the entry-level category is getting a financing option.

Azim Premji donated Rs 27 cr per day in FY21!

Azim Premji donated Rs 27 cr per day in FY21!

Rediff.com28 Oct 2021

Software giant Wipro's Azim Premji donated Rs 9,713 crore or Rs 27 crore a day to retain his top rank among Indian philanthropists in FY21. Premji, the founder chairman of the company, increased his donation by nearly a fourth during the pandemic year, as per the Edelgive Hurun India Philanthropy List 2021, which had HCL's Shiv Nadar at second place with contributions of Rs 1,263 crore towards upliftment causes. Mukesh Ambani of Reliance Industries, India's richest man, came third on the list with a Rs 577 crore contribution and was succeeded by Kumar Mangalam Birla with Rs 377 crore.

Waze files plea for house arrest, NIA says he may abscond

Waze files plea for house arrest, NIA says he may abscond

Rediff.com26 Oct 2021

The NIA said in its affidavit that Waze's case was different from that of Varavara Rao accused in the Elgar Parishad case and while the latter had been granted medical bail, Waze was asking for continuing judicial custody in the form of house arrest.

Reliance net jumps 43% as it fires on all cylinders

Reliance net jumps 43% as it fires on all cylinders

Rediff.com22 Oct 2021

Billionaire Mukesh Ambani's Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as its businesses from oil to retail fired on all cylinders, growing both sequentially and on a year-on-year basis. Net profit of Rs 13,680 crore, or Rs 20.88 per share, in July-September compared with Rs 9,567 crore, or Rs 14.84 a share, in the same period a year back, the company said in a statement. While better realisation and a sharp rise in crude oil prices benefited the old-economy business, retail saw footfalls at stores reach pre-Covid levels and per user earning from telecom business rose.

Former Mumbai CP Param Bir Singh not traceable, Maha govt tells HC

Former Mumbai CP Param Bir Singh not traceable, Maha govt tells HC

Rediff.com20 Oct 2021

The whereabouts of former Mumbai police commissioner Param Bir Singh were not known, the Maharashtra government on Wednesday told the Bombay high court.

Reliance Brands to pick 40% stake in Manish Malhotra's MM Styles

Reliance Brands to pick 40% stake in Manish Malhotra's MM Styles

Rediff.com15 Oct 2021

Reliance Brands Ltd (RBL) will pick a 40 per cent minority stake in renowned fashion designer Manish Malhotra's MM Styles Pvt Ltd, for an undisclosed sum, the two companies said on Friday. This is the first external investment for the brand, which had so far been privately held by the designer. The strategic partnership is aimed at accelerating the 16-year-old couture house's growth plans in India and across the globe, they said in a joint statement.

How Pandora Papers differs from Panama, Paradise leaks

How Pandora Papers differs from Panama, Paradise leaks

Rediff.com14 Oct 2021

While Panama and Paradise Papers had majorly focused on foreign entities created by entities, corporates or individuals overseas, Pandora is about the new method adopted by wealthy elites by setting up multiple layered complex trust structures.

Reliance says dropped merger plans with Zee on role of founders

Reliance says dropped merger plans with Zee on role of founders

Rediff.com13 Oct 2021

Reliance Industries on Wednesday said it had couple of months back made a proposal for merger of its media properties with Zee but dropped the offer over differences over stake of Zee founders. Hours after Zee Entertainment Enterprises Ltd's biggest shareholder named it as a firm that could help revive the television company's fortunes, billionaire Mukesh Ambani's firm issued a statement clarifying its position. "In February/ March 2021, Invesco assisted Reliance in arranging discussions directly between our representatives and Mr Punit Goenka, member of the founder family and managing director of Zee," it said.

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.

'Are we out of the woods? No, but...'

'Are we out of the woods? No, but...'

Rediff.com13 Oct 2021

'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'

Multiplexes's Coming Clash With OTT

Multiplexes's Coming Clash With OTT

Rediff.com12 Oct 2021

Mutliplexes want the gap between a film's release in theatres and on OTT to be doubled from 4 to 8 weeks.

We Won't See THIS Mumbai Indians Team Again

We Won't See THIS Mumbai Indians Team Again

Rediff.com9 Oct 2021

Unless Mumbai Indians Owner Nita Ambani's team manages some abracadabra at the 2022 players auction (never ever underestimate the Ambanis!), these images from Mumbai's final three games in IPL 2021 may be the last time we are seeing THIS MI team play together.

Jio's cashback offer to escalate competition

Jio's cashback offer to escalate competition

Rediff.com7 Oct 2021

Mukesh Ambani-led Reliance Jio has introduced a 20-per cent cashback offer on select prepaid plans, intensifying competition in the Indian telecommunications (telecom) market. Jio is the largest telecom service provider in India, with 443 million subscribers as of July. Jio's cashback offer will drive cross-selling across Reliance's various retail businesses, but the move is also being seen by some analysts as a signal that tariff hikes may not be around the corner just yet.

Reliance Retail to run 7-Eleven convenience stores in India

Reliance Retail to run 7-Eleven convenience stores in India

Rediff.com7 Oct 2021

Reliance Retail Ventures Limited (RRVL) on Thursday said it has entered into a Master Franchise agreement with 7-Eleven to run convenience stores in India. The first 7-Eleven store is set to open on Saturday, in Andheri East, Mumbai, RRVL, the retail arm of Reliance Industries Ltd, said. "RRVL, through its wholly-owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc (SEI) for the launch of 7-Eleven convenience stores in India," said a joint statement.

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