Reliance Industries Ltd., operated by the richest man in Asia, overthrew ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors hit the conglomerate attracted by the digital and retail forays of the Indian company. In Mumbai on Friday, Reliance, which operates the biggest refining network, added 4.3 percent by raising $8 billion to boost its market cap to $189 billion, while Exxon Mobil removed around $1 billion. Reliance ‘s shares have climbed 43 per cent this year compared to a 39 per cent drop in Exxon ‘s shares as refiners around the globe are strugg ..read more

Soon after the normal back-the-scenes rise to power in 2012, clandestine power struggle general secretary Xi Jinping declared that China will implement military reform. A central aspect of this was the production of modern innovative military systems. Modernization and the resultant increases in strength and ability to battle combined with the growing focus on preparation have rendered the PLA a bigger, more offensive army. In the existing dispensation, the new law regulating structures under the theater headquarters was made an exception. The Tibetan Military District, which commands the east ..read more

The data shows that India, the world’s third largest oil user and importer, produced 3.2 million barrels of oil per day (bpd) in June, a decrease of 0.4 percent from May and around 28.5 percent from a year earlier. Refiners like Indian Oil Crop, the country’s biggest refiner, Reliance Industries, the world’s largest refinery complex operator and Bharat Petroleum Corp are expected to shut down repair units. Private refiner Nayara Energy, partially owned by Russian oil major Rosneft, imported a shipment of Khafji oil via Neutral Zone last month, the supply of which belongs to both Saudi Arabia a ..read more

The first batch of five Rafale jets took off from France on Monday and will arrive in India on Wednesday, when the much-awaited fighter jets are formally inducted and join the Indian Air Force fleet at Haryana’s Ambala air base. Ten aircraft were delivered on time according to a statement released by the French Indian Embassy on Monday. Among those ten, five left for India while the remaining five stay for training missions in France. The distance traveled by them is nearly 7,000 kms, which would need refuelling from surface to sea. Although the gap can also be covered with the refuelling with ..read more

In India , the State banned 47 Chinese phones. By the end of June, the government had suspended 59 Chinese apps to “protect national interest and security”—including the immensely successful TikTok app. Today, for acting as copies of the previously banned software, almost 50 more applications have been banned — the number of unique software barred in the fresh decision has yet to be revealed. Nevertheless, the announcement was expected to take place officially early. ShareIT, UC messenger and shopping app Clubfactory are among other popular applications that were blocked two weeks ago in the w ..read more

Australia’s competition regulator has launched court proceedings against Google’s Alphabet for allegedly misleading consumers over the expanded use of targeted advertising personal data. The case by the Australian Competition and Consumer Commission (ACCC) in Federal Court said Google did not obtain explicit consent or properly inform consumers about a move in 2016 to combine personal information in Google accounts with activities on non-Google websites using its technology. ACCC’s move comes in the amid of heightened attention on data privacy in much of the world. Recently, US and European la ..read more

Mumbai: The global marketing efficiency authority, WARC, has now launched its official channel partner in India with the appointment of Iwaton Consultancy, the full-service B2B market assistance company and technology solution provider. With a common view to help agencies and brands market more effectively in India, the partnership will see the global insightful content and tailored services from WARC and the extensive national market knowledge from Iwaton Consultancy, supporting the advertising industry in India. WARC, world-renowned for providing rigorous and unbiased evidence, expertise and ..read more

Reliance Industries Ltd., controlled by the richest man(Mukesh Ambani) in Asia, overthrew ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors hit the conglomerate attracted by the digital and retail forays of the Indian company. In Mumbai on Friday, Reliance, which manages the largest refinery complex, gained 4.3 % by adding $8 billion to take its market price to $189 billion, while Exxon Mobil removed about $1 billion.Reliance ‘s shares have jumped 43% this year compared to a 39% drop in Exxon ‘s shares as refiners around the globe are stru ..read more

After imposing restrictions on public procurement from China and other countries sharing borders with India , the government is considering extending it to private firms where they lease-based acquire public assets. In the case of spectrum which is auctioned by the government and purchased by private telecom operators, this is considered. Private telecom operators such as Bharti Airtel and Vodafone Idea may not be able to purchase telecom equipment from Chinese vendors such as Huawei and ZTE once finalised. The government, which plans to auction 4 G spectrum in some bands later this year, plan ..read more

Coffee Day founder V.G. Siddhartha was found dead in a river in southern India last July in an apparent suicide amid speculation that he was under intense financial strain. The Bengaluru-headquartered firm had then hired an auditor to scrutinize its finances and the circumstances leading to the claims made in a letter allegedly written by Siddhartha. Mysore Amalgamated Coffee Estates Ltd, an company related separately to Siddhartha and engaged in a commercial partnership with Coffee Day, owed Coffee Day $472 million as of July 31 , 2019-the day Siddhartha ‘s deceased body was discovered by aut ..read more