Sushma Swaraj passes away: India mourns the death of 'People's Minister'
Swaraj, astute politician and one of India's most popular leaders,
passed away on Tuesday night after suffering a massive cardiac arrest.
Following the death of her news, politicians, actors, sportsmen,
business leaders and other eminent personalities took to Twitter to
mourn her passing. News of her death brought people across regions and
ideologies together in their grief.
Mukesh Ambani's RIL, BP form new retail joint venture to set up 5,500 petrol pump outlets in 5 years
Ambani-led Reliance Industries on Tuesday said it has entered into an
agreement with British energy giant BP plc to form a new joint venture
that will include a retail service station network and aviation fuels
business across India. Mukesh Ambani, Chairman and Managing Director of
Reliance Industries Limited, and Bob Dudley, Group Chief Executive of
BP, signed heads of agreement for the venture in Mumbai.
Article 370: India reacts sharply to China's remarks on revoking special status to Jammu and Kashmir
on Tuesday reacted strongly to a Chinese statement on New Delhi's
decision to revoke Article 370 of the Constitution which gave special
status to Jammu and Kashmir, and reminded Beijing that the matter was
"internal" to India. China has expressed its concerns about the current
situation in Kashmir and also opposed the move to make Ladakh a separate
Mukesh Ambani loses $2.45 billion; world's 500 richest lose $117 billion in a day
escalation of US-China trade skirmishes prompted a bloodbath on Wall
Street on Monday with the Dow Jones Industrial Average plummeting 767
points and the S&P 500 index falling nearly 3 per cent. It was the
biggest single-day drop posted by US stocks this year, and in the
bargain the world's 500 richest individuals took a massive hit to their
personal fortunes. The 500 names on the Bloomberg Billionaires Index
lost 2.1 per cent of their collective networth, or $117 billion, the
news agency reported. The world's richest man, Amazon founder Jeff Bezos
saw the steepest decline of $3.43 billion. Reliance Industries Chairman
Mukesh Ambani, who saw an erosion of $2.45 billion.
Article 370 revoked: Arun Jaitley expects investments, jobs to flow in J&K
Finance Minister Arun Jaitley has said any citizen of India can now
settle and invest in Jammu and Kashmir, ushering in jobs and
development. On Monday, Rajya Sabha approved the motion to carve Jammu
and Kashmir into two union territories, effectively revoking Article 370
that granted special status to the state.
India Inc's quarterly results worst in last 3 years; analysts warn of gloomy festive season
Inc has turned in its most disappointing quarterly numbers in at least
three years and analysts warn hopes for any festive season cheer are
likely to be dashed by a slowing economy. More than 60% of 125 firms
that have reported so far, and are tracked by analysts, missed profit
forecasts for the June quarter, the most since at least 2016.