Oppn seek Smriti's apology on 'objectionable' comments in RS

February 26, 2016

New Delhi, Feb 26: Opposition parties today sought an apology from HRD minister Smriti Irani for reading out in Rajya Sabha "objectionable" comments made outside against a god, as she defended herself saying she was asked for proof of her statements against JNU students.Smriti-Irani

BJP members also hit back at the Congress saying the opposition party was raising the issue due to the criticism of its Vice President Rahul Gandhi over his visit to JNU.

As the House met for the day, Deputy Leader of Congress in Rajya Sabha Anand Sharma raised a point of order saying the Constitution and rules do not permit anything to be raised in the House which is blasphemous and can hurt religious sentiments.

Irani, he said, had read out "insulting" comments made against Goddess Durga "verbatim" in the House hurting sentiments and sought a ruling from the Chair as to whether such comments made outside Parliament against any religious figure or a deity can be read out inside the House.

Members of other opposition parties also agreed with K C Tyagi of JD(U) demanding that Irani should unconditionally apologise for the comments read out by her.

Irani, however, remained unfazed by the criticism and asserted that she herself was a "practising hindu and a Durga worshipper".

The HRD minister also insisted that she had read out the comments from authenticated documents from JNU as she was repeatedly being asked to explain what was the evidence against students accused of anti-national acts, which some parties were giving respectability to.

Leader of Opposition Ghulam Nabi Azad then said it is a "very serious issue" and the "minister should apologise for what she said yesterday."

Azad said there were campaigns against many religious figures but all this cannot be raised in the House.

Coming to his colleague's defence, Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi attacked Congress and other opposition parties saying it had become a pattern for them to seek a Short Duration Discussion, a couple of Calling Attention Motions and an apology in every session while showing no interest in legislative business.

He also said that Congress was raising the issue as its Vice President was criticised for supporting those indulging in activities against the nation.

As the two sides indulged in heated exchanges, Deputy Chairman P J Kurien said there has been a tradition that nothing blasphemous or anything against any community will be raised in the House. He assured members that he would go through the records and expunge anything blasphemous.

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News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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News Network
July 27,2020

New Delhi, Jul 27: India's COVID tally on Monday crossed 14 lakh mark with the highest single-day spike of 49,931 cases reported in the last 24 hours, said the Union Ministry of Health and Family Welfare.

The total COVID-19 cases stand at 14,35,453, including 4,85,114 active cases, 9,17,568 cured/discharged/migrated, it added.

With 708 deaths in the last 24 hours, the cumulative toll reached 32,771.

India had crossed 13 lakhs COVID-19 cases on July 25.

Maharashtra has reported 3,75,799 coronavirus cases, the highest among states and Union Territories in the country.

A total of 2,13,723 cases have been reported from Tamil Nadu till now, while Delhi has recorded a total of 1,30,606 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 5,15,472 samples were tested for coronavirus on Sunday and overall 1,68,06,803 samples have been tested so far.

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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