Reliance Industries (RIL) has signed a deal with Mitsui OSK Lines (MOL) for a strategic stake sale in six very large ethane carriers (VLECs), the company said on Wednesday.

RIL had sourced these carriers as part of its Ethane gas project to transport the compound from the United States to its plants in India. Currently, MOL, a Japanese shipping company, is operating these vessels and will become a joint owner once the deal gets regulatory approvals. The Mukesh Ambani-promoted company did not disclose the deal value or the size of the stake being sold.

Putting a new spin on Rahul Gandhi’s why are all Mr. Modis thieves remark, Prime Minister Narendra Mr. Modi on Wednesday said the Congress president, by making the jibe, had maligned the backward community he hails from.

Addressing a poll rally in Akluj, Mr. Modi also slammed the dynastic politics of Sharad Pawar and claimed the Nationalist Congress Party (NCP) chief had “fled” the poll arena from Madha Lok Sabha constituency as he sensed defeat.

Google has removed TikTok from its Play Store, some users reported Tuesday night, but the popular short video app was available on Apple's App Store.

The Ministry of Electronics and Information Technology had asked Google and Apple to take down TikTok after the Madras High Court banned the app on April 3 for pornographic and inappropriate content.

Empathising with BJP candidate and actor Jaya Prada, Defence Minister Nirmala Sitharaman today said political leaders should apply their minds before they speak about women-related issues.

In an exclusive interview to ANI, Sitharaman said, "100 per cent. It is always easy to hit at a woman when you talk about other things which don't become part of the conversation or which are not germane to the discussion.

The Election Commission of India (ECI) on Tuesday appointed special observer for West Bengal ahead of the second phase of Lok Sabha polls in the state.ECI has appointed 1984 batch IAS officer Ajay Nayak who was the Chief Electoral Officer (CEO) Bihar.

In the first phase, two Parliamentary constituencies- Cooch Behar and Alipurduar- witnessed polling while rest of 40 Lok Sabha seats will go to polls in six phases. The polling for the second phase will be held on April 18.

Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of India reported on Wednesday. A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company’s refining and petrochemicals businesses at around $55 billion to 60 billion, the report said.

The Income Tax department’s Investigations Wing on Wednesday seized a sum of ₹1.48 crore as accounted cash, even as police opened fire in the air to prevent miscreants from stealing the money.

The seizure came as the I-T department concluded their searches at Andipatti, Theni.

Wipro has largely met the Street estimates on the revenue and profit fronts for the fourth quarter of 2018-19, though the revenue growth reported by the country's third-largest IT services firm was the lowest among the top three players in the last financial year.

The company, however, gave a tepid outlook for the first quarter of FY20, citing delays in starting out new projects. The firm also announced a mega buyback plan of Rs 10,500 crore at Rs 325 a share, making it the second such repurchase consecutively. The buyback price is 15.4 per cent higher than Tuesday's closing price on the NSE.

Funding for debt-laden Jet Airways is likely to come through, said a government official on Tuesday amid reports that the airline is likely to shut down temporarily.

Jet lenders, led by State Bank of India (SBI), met financial services secretary Rajeev Kumar as the airline's share price fell by as much as 19%, Live Mint website reported.

Reliance Jio Infocomm has approached the telecom department for in-flight connectivity licence, that allows service providers to offer connectivity and data services to Indian and foreign airlines, according to sources.

Besides Jio, the Department of Telecommunications (DoT) has also received a clutch of other applications including those from Ortus Communications, Station Satcom and Cloud Cast Digital, sources privy to the development told PTI.

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