Companies & Sectors
Reliance Group seeks 16 more defence manufacturing licences
Going overdrive in the defence manufacturing space, Anil Ambani-led Reliance Group has applied for as many as 16 more licences in areas ranging from missiles to radar, barely two weeks after it got conditional nod for 12 requests to make aircraft, choppers and more.
 
"We have applied for these industrial licenses to manufacture defence equipment and hardware such as heavy weapons, ammunition, explosives, missiles, small arms, electronic warfare, armoured and amphibious vehicles, radars and unmanned aystems," an informed source said.
 
"The new facilities to come up in Gujrat and Maharashtra in a phased manner," the source added, requesting anonymity, since he was not authorised to speak to the media. "Once these 28 licenses are in place, we will create tens-of-thousands of thousands of highly skilled jobs."
 
Late last month, the government had approved conditionally 12 licences for the Reliance Group in this this area. These were part of approvals for 32 similar applications from other stakeholders, as per the list put up by the Department of Industrial Policy and Promotion.
 
The projects are to be executed by companies floated by Reliance Defence that is a wholly-owned subsidiary of Reliance Infrastructure. These will cover the entire spectrum of land, Naval and air systems, sources said.
 
Reliance Defence also has strategic plans to set up a maintenance, repair, overhaul and upgrades of various platforms. The group is also in the process of acquiring Pipavav Defence an hopes to conclude the deal by the end of this year.
 
Reliance Defence has 11 subsidiaries in niche segments of the sector and chairman Anil Ambani had told shareholders recently that defence manufacturing and smart cities will be the future drivers of growth for the company.
 
The group is also pursuing partnerships with several leading international companies, besides looking at stakes in some existing firms in the country and outside to meet home-grown solutions for the sector.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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TV's 'Breaking news' culture should end: Kerala speaker
The growing "Breaking News" culture in the broadcast media should end as it is impacting the society, Kerala assembly Speaker N. Sakthan said on Thursday.
 
"I wish to find out if there can be any law that is there or can be brought to rein in this sort of 'Breaking News' culture, which has now crossed all limits," Sakthan said.
 
The issue was first raised by state Home Minister Ramesh Chennithala in the assembly. 
 
"...TV news channels are coming out with statements made by accused in numerous cases and then these are aired as breaking news. This is atrocious because this affects political leaders, ministers and those who hold high offices," Chennithala said.
 
He was responding to the latest allegation of sleaze that came out on Wednesday when Biju Radhakrishnan, the prime accused in the solar scam case, testified before the judicial commission that he had with him video evidence of Saritha Nair, the second accused in the solar scam, in compromising position with Chief Minister Oommen Chandy and two other state ministers.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

MG Warrier

1 year ago

With reference to Kerala HM's observation that ""...TV news channels are coming out with statements made by accused in numerous cases and then these are aired as breaking news. This is atrocious because this affects political leaders, ministers and those who hold high offices," quoted here, I would like to request him and those having the same views to revisit Kautilya's ARTHASHAASTRA to know how an administrator should clean his image. Even if the 'breaking news' in TV Channels-some of them- qualify for being categorised as 'GOSSIPS', let us remember, THERE IS NO SMOKE WITHOUT FIRE!

Justice Thakur sworn-in as Chief Justice of India
 Justice Tirath Singh Thakur was on Thursday sworn in as the 43rd Chief Justice of India. President Pranab Mukherjee administered him the oath of the office.
 
Thakur, who has a tenure of 13 months, succeeds Chief Justice H.L. Dattu, who demitted office on December 2. Chief Justice Thakur is slated to retire on January 3, 2017.
 
The swearing =-in ceremony was attended by Vice-president Hamid Ansari, Prime Minister Narendra Modi, leader of main opposition party Congress in the Lok Sabha Mallikarjun Kharge, Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad among others. 
 
The swearing-in ceremony was also attended by former Supreme Court chief justices Justice A.M. Ahmadi, Justice A.S. Anand, Justice K.G. Balakrishnan, Justice S.H. Kapadia, and Justice R.M. Lodha.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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