Gurgaon renamed as 'Gurugram'

April 12, 2016

Chandigarh, Apr 12: Gurgaon, the corporate hub of Haryana on the outskirts of Delhi, will now be known as 'Gurugram'.gurgaon

The decision was taken by the BJP government claiming that people of the area have been making a demand in this regard.

An official spokesman said the decision to change the name was taken on the basis of the representations received in several fora that it would be appropriate to rename Gurgaon as 'Gurugram', an official spokesman said.

Legend has it that Gurgaon derived its name from the name of Guru Dronacharya, the master of archery in Mahabharata who tutored the Pandavas.

The village was given as gurudakshina to him by his students -- the Pandavas -- and hence it came to be known as Guru-gram, which in course of time is said to have got distorted to Gurgaon.

"Haryana is a historic land of the Bhagwat Gita and Gurgaon had been a centre of learning," the spokesman said.

"It had been known as Gurgaon since the times of Guru Dronacharya. Gurgaon was a great center of education where the princes used to be provided education.

Therefore, since long the people of the area had been demanding that Gurgaon be renamed as Gurugram," he reasoned.

Congress reaction to the decision was mixed.

While former Chief Minister Bhupinder Singh Hooda welcomed it, his party spokesperson Randeep Singh Surjewala, who also hails from Haryana, criticised the decision.

Hooda said the change of name is appropriate and the proposal had come during his time also.

Surjewala said Gurgaon has an international branding and this is an exercise in pure superficiality.

The Haryana government also decided to rename Mewat district as Nuh.

Mewat, in fact, is a geographical and cultural unit and not a town. It is spread beyond Haryana in the adjoining states of Uttar Pradesh and Rajasthan, the spokesman said.

The headquarters of Mewat district is Nuh town. The people of area and elected representatives had been demanding that its name be changed as Nuh, he said.
Hooda said Mewat's name should have been retained because it features prominently in freedom struggle.

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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News Network
March 7,2020

Mar 7: Two Malayalam news channels, Asianet News and Media One, which were banned by the information and broadcasting ministry for their coverage of the recent violence in Delhi on Friday evening, were allowed to resume telecasting on Saturday morning.

While Asianet News appeared to have begun operations around 7am on Saturday, Media One was screening content by 9.30am.

The ministry of information and broadcasting had imposed a 48-hour ban on Asianet News and Media One for their coverage of the Delhi violence for 48 hours from 7.30pm on Friday. Both Asianet News and Media One were barred under Rule 6(1 c) and Rule 6(1e) of the Cable Television Networks Act, 1994.

The ministry of information and broadcasting alleged Asianet News and Media One were "biased" and critical of the RSS and Delhi Police.

The ban on Asianet News and Media One triggered a torrent of criticism of the move. Congress MP Shashi Tharoor asked how "Malayalam channels inflame communal passions in Delhi?" and alleged some English news channels were continuing "their brazen distortions" with impunity.

In a statement issued on Friday after the ban, Media One termed the move "unfortunate and condemnable" and called it a "blatant attack against free and fair reporting". Media One called it "an order to stop free and fair journalism".

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