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Saudi Aramco to invest $75 bn in RIL Mumbai: Chairman and Managing Director of Reliance Industries Ltd Mukesh Ambani on Monday said Saudi Aramco will invest 75 billion dollars in the conglomerate and have 20 per cent stake in its oil to chemicals (O2C) business. “Saudi Aramco and Reliance have agreed to form a long-term partnership in our oil to chemicals division. Saudi Aramco will invest for a 20 per cent stake in Reliance’s O2C division at an enterprise value of 75 billion dollars,” he said at the 42nd annual general meeting (AGM). “This is the biggest foreign investment for Reliance and one of the largest for India. The partnership with Saudi Aramco to cover Reliance’s refining and petrochemicals assets, including 51 per cent of the petroleum retail joint venture.” In another significant new initiative, BP acquired 49 per cent stake in Reliance’s petro-retail business. Reliance will get Rs 7,000 crore from BP for this transaction, Ambani said. —ANI

Reliance to empower 3 cr merchants

Chairman of Reliance Industries Mukesh Ambani with his wife and CEO Nita Ambani and mother Kokilaben at the 42nd AGM of Reliance Industries Limited in Mumbai on Monday.

Jio and Microsoft partner to launch cloud data centres Mumbai: Reliance Jio Infocomm and Microsoft Corporation on Monday announced embarking on a long-term strategic relationship aimed at accelerating the digital transformation of Indian economy and society. The ten-year commitment combines worldclass capabilities of both companies to offer a detailed set of solutions comprising connectivity, computing, storage solutions, and other technology ser-

The combination of Jio’s leading connectivity and digital solutions with Azure, Azure AI and Office 365 will bring powerful tools and platforms for compute, storage, productivity and more to millions of businesses in country. —Satya Nadella, CEO of Microsoft vices and applications essential for Indian businesses and will span the broad RIL ecosystem including its existing and new businesses. Jio and Microsoft aim to enhance the adoption of leading

technologies like data analytics, AI, cognitive services, blockchain, Internet of Things, and edge computing among small and medium enterprises to make them ready to compete and grow. —ANI

Mumbai: Reliance Industries is working towards empowering three crore merchants and kirana shop owners with its end-to-end digital and physical distribution stack new commerce, its Chairman Mukesh Ambani said. “New commerce is a massive new business opportunity of 700 billion dollars. However, for Reliance, it is the greatest opportunity to promote inclusive growth and shared wealth at the bottom of India’s commerce and retail pyramid,” he said at the group’s 42nd annual general meeting (AGM). The main purpose of new commerce is to completely transform the unorganised retail market, which accounts for 90 per cent of India’s retail industry. The three crore merchants and kirana shop owners, who generate direct and indirect livelihoods for over 20 crore people, form the backbone of India’s commerce eco-system, said Ambani. —ANI

Mukesh Ambani’s son and daughter Akash Ambani and Isha Ambani Piramal with Reliance Industries President Kiran Thomas.

Jio GigaFibre service to be launched on September 5 Mumbai: Reliance Jio’s much-awaited fibre-to-home service will be launched on September 5, the third anniversary of telecom giant’s launch with a base plan starting at Rs 700 per month and a speed of 100 MBPS going up to one GBPS. At a complimentary offering, Jio will offer a free 4K/HD TV and a 4K set-top box with Jio Forever Annual Plans, said Reliance Indus-


tries Chairman and Managing Director Mukesh Ambani. He also announced ‘Jio First Day First Show’ plan under which Premium JioFibre custom-

ers will be able to watch movies in their living rooms on the day of the release. This will be rolled out in 2020. Jio GigaFiber subscription will offer free fixed voice calling along with fixed-line rates for international calling at Rs 500 per month for the United States and Canada. This plan will provide users with unlimited calling to international numbers. —ANI

5 children killed in fire at 45 dead as Typhoon Lekima slams China Pennsylvania daycare facility More than Washington: At least five children, including four siblings, were killed in a fire that broke out at a daycare facility in Pennsylvania on Sunday (local time). Four people were injured, including two teenagers who jumped from a second-floor window onto a porch of the facility in Erie to escape the blaze, Erie Fire Chief Guy Santone told local media. He said that the homeowner was injured, along with a neighbour who tried to enter the burning home to rescue the victims. Eight people were at the facility when the fire broke out around 1:15 a.m. (local time), Santone said. The children who died were between 8 months to roughly 8 years old, the fire chief said. Four of the victims were siblings who were being cared for at the


daycare, Santone said. The siblings’ mother worked the night shift, he said. The homeowner’s child was also killed, he said. “The

lady that lived there ran through the fire to get outside. She had burned her lungs and probably didn’t realise that,” Santone stated. —ANI

Beijing: The strongest typhoon to hit China this year has killed at least 45 people, statemedia reported on Monday, as authorities stepped up rescue efforts to locate 16 missing people after the storm displaced more than a million residents. Lekima, the ninth typhoon, hit Wenling city on Saturday afternoon, packing winds of 187 kilometers per hour and bringing heavy rainstorms. The typhoon has left 45 people dead and 16 missing in three Chinese provinces, wreaking havoc there with torrential rains and strong gales. In the Zhejiang Province, Lekima landed at around 1:45 am on Saturday in the city of Wenling. By Monday morning, the death toll in the province rose to 45 while nine others remained missing, said the Zhejiang provincial flood control headquarters. —PTI

6 million affected

Rescue workers evacuate stranded residents with a bulldozer on a flooded street in China.

Myanmar: 56 killed in landslides Mon State: At least 56 people lost their lives after monsoons triggered landslides in Myanmar’s Mon State, according to the country’s Fire Services Department. “Search and rescue operations are being carried out by using life detectors such as Thermal Imaging Camera (TIC) and


JuD to carry out terror activities for groups 

JuD, a front group of the Lashkar-e-Taiba (LeT), is using the fringe groups for terror financing and money laundering

Islamabad: After Pakistan levied ban on terrorist organisation Ja m a at - u d - D aw a h (JuD), the proscribed outfit has joined hands with other groups to carry out terror activities on their behalf. Intelligence inputs suggested that JuD, a front group of the Lashkar-e-Taiba (LeT), is using the fringe groups for terror financing and money laundering. JuD chief, Hafiz Mohammad

Saeed, was recently arrested by the counterterrorism police in Gujranwala, Punjab, under charges of terror financing.

Saeed is accused by India of masterminding the 2008 Mumbai terror attacks that killed more than 160 people. His recent arrest came in the

wake of strict guidelines of the Financial Action Task Force (FATF), a Paris-based anti-terror financing watchdog. Pakistan is on the gray list of the FATF for the second time. It was first put on the grey list in 2012 and remained there for three years. FATF put it back on the grey list in June 2018 asking Islamabad to implement strict actions against terror financing and money laundering cases operating from its soil. —ANI

Rescue workers search for bodies of victims on Monday.

Leader Hasty,” an official said. Heavy rains led to a major landslide at the Ma-lat

mountain. People, houses and vehicles were caught in the mud discharge. —ANI

Beijing: Typhoon Lekima has affected at least six and a half million people in the Chinese provinces of Zhejiang, Jiangsu, Anhui, Shandong and Fujian, since making landfall last week. People have been affected in Shanghai as well, Chinese Ministry of Emergency Management said. Around 1.46 million people have been relocated as part of rescue efforts until now. The typhoon has left 45 people dead in its wake while 265,500 hectares of crops have been affected. About 35,000 houses have been damaged while 3,500 homes have collapsed. —ANI

HK grounds flights amid protest Hong Kong: Hong Kong airport authority on Monday suspended all remaining flights for the day after thousands of pro-democracy protesters entered the terminal’s arrival halls. The authority said that they were suspending flights in the wake of sit-in protest. “Other than departure flights that have completed the check-in process and the arrival flights that are already heading to Hong Kong, all other flights have been cancelled for the rest of today,” it said in a statement. —ANI

CHINA BANS SUPPORTERS FROM FLYING China banned Cathay Pacific Airways airline staff who supported or participated in Hong Kong protests, from flying over the mainland’s airspace. China took this step as a strong action against the anti-government protests that have been continuing across the streets of the semiautonomous regions since the last two months.

Profile for firstindia

First India Newspaper 13 August 2019  

First India is Rajasthan’s own English Newspaper. We bring you the most exclusive news of Rajasthan interspersed with the best of national,...

First India Newspaper 13 August 2019  

First India is Rajasthan’s own English Newspaper. We bring you the most exclusive news of Rajasthan interspersed with the best of national,...