Saudi Aramco takes stake in Mukesh Ambani’s Reliance Industries
Mukesh Ambani on Monday (August 12) announced that Saudi oil giant Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries’ oil refinery and chemical business at an enterprise value of $75 billion (around ₹5,32,466 crore). Making the announcement at Reliance Industries’ 42nd annual general meeting, he said this would be the biggest foreign investment in the history of the company.
Reliance is set to make announcements for Jammu and Kashmir, Ladakh soon.
In Beijing, Jaishankar says ‘mutual sensitivity’ will determine future ties
The future of the India-China relationship will depend on “mutual sensitivity” to each other’s core concerns, External Affairs Minister S Jaishankar said on Monday (August 12) as he underlined the need to “exploit” the positive outcomes of the Wuhan Summit to take bilateral ties to a new level and build strong public support in both societies.
After Samjhauta Express, Delhi-Lahore bus service cancelled
Delhi Transport Corporation (DTC) on Monday cancelled the Delhi-Lahore bus service as Pakistan decided to discontinue it in the wake of India revoking Jammu and Kashmir’s special status, said a senior official of the public transporter. On Saturday, a senior Pakistani minister has announced to suspended the friendship bus service from Monday. A DTC bus was scheduled to leave for Lahore on Monday 6 a.m. However, it did not leave due to Pakistan’s decision to suspend the bus service, the official said.
There is grief and anger in the Valley: Ghulam Ahmed Mir
On the morning of August 4, the president of Congress party’s Jammu and Kashmir unit, Ghulam Ahmed Mir, landed at the Indira Gandhi International Airport in New Delhi for a party meet on the situation in the state, which was to be converted into a Union Territory a few hours later. Just a few hours after he left for the national capital, cops from the Verinag police station landed at Mir’s home with an order to detain him. Just a few hours after he left for the national capital, cops from the Verinag police station landed at Mir’s home with an order to detain him. But, unlike other leaders who were put under house arrest or under restrictions, the serendipitous decision to fly out of the Valley has kept Mir free so far.
Wrestlers Mahavir, Babita Phogat join BJP
Wrestler Mahavir Singh Phogat and his medal-winning daughter Babita Phogat, who inspired the Bollywood film Dangal, joined Bharatiya Janata Party on Monday (August 12). Mahavir Phogat, who was chief of the Jannayak Janata Party’s sports cell, will switch sides from the JJP, which was floated last year by former Hisar MP Dushyant Chautala following a vertical split in the Indian National Lok Dal. The development comes barely two months before the Haryana Assembly polls.
Elderly couple from Tirunelveli chase away armed burglars, video goes viral
An elderly couple from Tamil Nadu’s Tirunelveli turned into an internet sensation, after a one minute video of them fighting off burglars armed with billhooks went viral. Shanmugavelu (72) and his wife Senthamarai (68), farmers living in Kadayam village, were attacked by two masked men on Sunday night. The attack took place at around 9:30 p.m., when Shanmugavelu was sitting outside his house talking to his sons in settled in Chennai and Bengaluru.
BJP betting on Rajinikanth’s stardom to make inroads into Tamil Nadu
Tamil superstar Rajinikath ruffled a few feathers on Sunday when he praised Prime Minister Narendra Modi and Home Minister Amit Shah for abrogating Article 370 in Jammu and Kashmir. While this was seen as him toeing the BJP line, party sources said it was the only way the saffron outfit could make inroads into Tamil Nadu. Rajini Makkal Mandram functionaries, who The Federal spoke to, said on condition of anonymity that this was not new.