India News
Solar surprise in Reliance AGM, apart from Jio-Google fireworks
The RIL announced that it will replace transportation auto fuels with clean electricity and hydrogen as it set a target to become net carbon-zero by 2035.
Reliance Industries (RIL), India’s largest company by market capitalization, conducted its 44th annual general meeting (AGM) virtually on Thursday, at 2 pm. Reliance Chairman, Mukesh Ambani, while addressing the shareholders, made a number of announcements across its telecom, retail, and oil-to-chemicals business segments. Ambani said to post a record fundraising round, RIL has a strong balance sheet with high liquidity that will support growth for its businesses.
He said as one of the biggest energy markets in the world, India will play a leading role in transforming the global energy landscape. RIL will invest Rs 75,000 crore in its New Energy business over the next three years. Will set up renewable energy complex and four Giga factories. Reliance will provide leadership on the combined strength of our balance sheet, talent, technology, and proven project execution capabilities. Reliance will also make it’s New Energy business a truly global business, he said.
The RIL announced that it will replace transportation auto fuels with clean electricity and hydrogen as it set a target to become net carbon-zero by 2035. While Reliance will remain a user of crude oil and natural gas, we are committed to embracing new technologies to convert our carbon dioxide into useful products and chemicals, Ambani said.
Saudi Aramco man joins RIL board and a possible deal with an energy giant could happen this year.
Google CEO Sundar Pichai and Reliance Chairman Mukesh Ambani released their much-awaited smartphone that has been developed for India on June 24 at RIL AGM.
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However, Pichai said after the launch of the JioPhone Next smartphone later this year, Reliance industries and Google will partner for 5G, where the former will move its core retail business to the cloud. Speaking at the event, Pichai said, we are taking our collaboration further with a new 5G partnership between Google Cloud and Jio.
However, Consumer businesses raise RIL’s consolidated revenue to Rs 5.4 lakh crore in the Financial year 2021. Net profit for the year was Rs 53,739 crore, higher by 34.8 percent compared to the previous year. Reliance is among the highest payers of GST and VAT at Rs 85,306 crore. It has paidRs 21,044 crores in customs and excise duty. It is also among the highest payers of income tax in the private sector, paying Rs 3,213 crore.
In other India news, Sonia Gandhi expresses concern over pace of daily vaccination, urges Congress workers to address vaccine hesitancy
2024 Lok Sabha Elections
PM Modi says Congress leaders consider themselves above Lord Ram
PM Modi slammed Congress during a rally in Chhattisgarh, ahead of the Lok Sabha elections 2024
Prime Minister Narendra Modi slammed the Congress party for declining to attend the pran pratishtha ritual at the Ayodhya Ram temple on January 22 this year.
The prime minister said Congress leaders consider themselves above Lord Ram and denied invitation for Pran Pratishtha at Ram Temple, while speaking at a rally in Janjgir-Champa, Chhattisgarh. The PM question the people present at the rally that is it not a disrespect of Mata Shabri? Congress leaders inclination toward appeasement politics runs in their family.
For political appeasement, they won’t think twice about stealing the rights of Adivasis, the poor, and Dalits. Poor, young, and women are BJP’s top priorities, Modi said.
PM Modi criticized the Congress again during the rally for claiming that the BJP would alter the constitution.
The leaders of Congress recite the same old phrases whenever an election is about to happen, the PM said. He also said they claim that if the BJP wins power, it will renounce the constitution and abolish reservations. For how long will you continue selling lies?” he asked.
The prime minister continued saying that nobody can change the Constitution, even if Dr. Babasaheb Ambedkar were to come and insist on it, it wouldn’t happen.
Those in the Congress threaten to break Modi’s head. Nobody can harm Modi as long as the mothers and sisters of this county stands by him. These mothers and sisters are Raksha Kavach, Modi remarked.
The prime minister further attacked the Congress after Viriato Fernandes, the party’s candidate for South Goa, asserted that Goa was forced to adopt the Indian Constitution.
Referring to his conversation with Congress leader Rahul Gandhi ahead of the 2019 Lok Sabha elections, Fernandes said he had told him, when Goa was liberated in the year 1961, the Indian Constitution was forced upon us.
The prime minister said, Congress candidate from Goa says Constitution was forced upon Goans; is this not an insult of Ambedkar and Constitution.
2024 Lok Sabha Elections
Amit Shah says neither Congress nor Trinamool chief Mamata Banerjee can interfere with CAA
Amit Shah revealed the BJP’s target for West Bengal and said they have set a target of winning 35 Lok Sabha seats from West Bengal.
Union home minister Amit Shah on Tuesday said neither Congress nor Trinamool Congress chief Mamata Banerjee can interfere with the Citizenship Amendment Act (CAA). He was speaking at the Karandighi rally in West Bengal where he also made the prediction as to how many seats BJP will win in the Lok Sabha elections in West Bengal.
The union home minister asked the masses to cut the money culture. Amit Shah revealed the BJP’s target for West Bengal and said they have set a target of winning 35 Lok Sabha seats from West Bengal. In 2019 Lok Sabha elections the BJP had won 18 out of 42 seats in West Bengal. He asked Mamata Banerjee, what problem will she have if the Buddhist and Hindu refugees from Bangladesh get citizenship in India?
Shah further added if the people of West Bengal want to stop infiltration in the state, then they will have to make Narendra Modi the Prime Minister of India again. He said if the people of West Bengal want to free Bengal of violence, stop infiltration in the state, give citizenship to refugees, to stop disrespecting mothers and sisters of the state as it happened in Sandeshkhali, then only way is to make Narendra Modi the Prime Minister.
Amit Shah said that PM Modi had sent Rs 7 lakh crore to West Bengal but the TMC indulged in corruption. He said one can see the houses of Trinamool Congress leaders; 10 years ago they used to live in a hut, moved on cycle and now all of them have 4-storey houses and move around in big cars. He added this is the money of people of West Bengal.
The Citizenship Amendment Act (CAA), will make it easier for non-Muslim refugees from Afghanistan, Pakistan and Bangladesh to get Indian citizenship, was enacted in 2019. But the rules were notified in March this year by the Centre.
2024 Lok Sabha Elections
Prime Minister Narendra Modi says listening to Hanuman Chalisa under Congress rule is a crime
PM Modi was addressing an election rally in Rajasthan’s Tonk-Sawai Madhopur, on a day as India celebrates Hanuman Jayanti.
Prime Minister Narendra Modi on Tuesday hit out at the Congress and said even listening to Hanuman Chalisa has become a crime under the party’s rule. The Prime Minister also said it was difficult to follow one’s faith under the party and accused it of hatching a deep conspiracy to snatch people’s wealth and distribute it among selected few people in the society. PM Modi was addressing an election rally in Rajasthan’s Tonk-Sawai Madhopur, on a day as India celebrates Hanuman Jayanti.
PM Modi said in a state like Rajasthan where people chant Ram-Ram, Congress banned Ram Navami. He reffered to the redistribution of wealth remarks he had made during a rally in Rajasthan’s Banswara on Sunday and said it has angered the Congress and INDI Alliance so much that they have started throwing abuses at Modi everywhere.
The Prime Minister said that Congress has written in their manifesto that they will survey the wealth. He said the Congress leadership had said in a speech that an X-ray of wealth will be done. He added when Modi exposed the secret then the hidden agenda came out and this has left the people trembling. PM Modi further added that the Congress party has played with the Constitution of the India.
He said when the Constitution was drafted, reservations based on religion were opposed, so that Scheduled Casts (SC), Scheduled Tribes (ST) and Other Backward Classes (OBC) could get protection. He said former Prime Minister Dr Manmohan Singh had said that Muslims have the first right to the country’s resources. The prime minister further added Congress’s ideology has always been of appeasement and vote bank politics. He said stones would still be pelted in Jammu and Kashmir, and enemies would still be cutting off the heads of India’s soldiers had Congress been in power.
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