The three oil refining and marketing companies have signed the joint venture agreement…

Today, State-owned oil firms IOCBSE - 1.93 %, BPCLBSE - 3.03 % and HPCLBSE - 2.72 %, signed an agreement to jointly set up the world's largest refinery and petrochemical complex at Ratnagiri district of Maharashtra.

 
IOC Chairman Sanjiv Singh said that Indian Oil Corp (IOC) will be the lead partner with 50 per cent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 per cent stake each.

Panama Just Forged Ties With China, While Ditching Relations With Taiwan…

Panama established formal diplomatic ties with China and broke with Taiwan on Monday in a major victory for Beijing that bolsters its claims of sovereignty over what it regards as a renegade island.

Panamanian President Juan Carlos Varela said in a televised address Panama was upgrading its commercial ties with China and establishing full diplomatic links with the second most important customer of its key shipping canal.

New Rs. 500 Notes To Have Inset Letter 'A', Says RBI…

The Reserve Bank of India or RBI is in the process of issuing a new batch of Rs. 500 banknotes. In a notification dated June 13, 2017, the central bank said: "In continuation of issuing of Rs. 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter 'A' in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017' on the reverse, are being issued."

In the existing series of Rs. 500 notes come with the inset letter "E" printed in the two number panels

Virat Kohli reclaims top spot in ICC ODI rankings for batsmen…

India captain Virat Kohli today reclaimed the top spot in the latest ICC ODI rankings for batsmen following the conclusion of the last round of league matches in the Champions Trophy.

DRDO Successfully Test-fires Anti-tank Missile Nag in Rajasthan…

The Defence Research and Development Organisation (DRDO) on Tuesday successfully test-fired Anti-tank Guided Missile (ATGM) 'Nag' in a desert in the western sector of Rajasthan. 

"The missile successfully destroyed the target in today's mission," defence sources said.

The "fire and forget" third generation anti-tank guided missile 'Nag' is equipped with the highly advanced Imaging Infrared Radar (IRR) seeker with integrated avionics, technology which is possessed by very few nations, sources said.

The tests, which were witnessed by scientists from the DRDO, Defence Lab, Jodhpur, senior officials from armed forces among others, concluded on Tuesday.

G Satheesh Reddy, the scientific adviser to the defence minister and DG (missiles and strategic systems), who also witnessed the launch, said the successful flight test has strengthened the country's defence capabilities.

DRDO chairman Dr S Christopher congratulated the team who were a part of the mission.

Indian warships arrive in Australia for bilateral maritime exercise...

Three Indian warships sailed into Fremantle to participate in a week-long naval exercise off the Western Australian coast.

Exercise Australia India (AUSINDEX) is a regular bilateral maritime exercise aimed at developing a deeper understanding and cooperation between the two navies. Exercise Australia-India (AUSINDEX) was first conducted off the East Coast of India in September 2015. AUSINDEX-17 will be the second overall bilateral drill between Indian Navy and Royal Australian Navy.

Indian warships Kamorta, Shivalik (first stealth warship built in India), and oiler INS Jyoti, will take part in the exercise.

Shri Suresh Prabhakar Prabhu, Minister of Railways, launches Mission Retro-Fitment to enhance the passenger experience. 

Indian Railways is not only launching new trains, it is also refurbishing old coaches. Within five years, most of the trains will be clean, beautiful and fitted with modern facilities.

Attractive berth covers, modified berths, reading lights, LED lights, modular bio-toilets, powered venetian blinds, anti-graffiti coating, fire and smoke detection system, Braille signage and more mobile and laptop charging ports are some of the changes that passengers will see in upgraded coaches. 

Under an ambitious Mission Retro-fitment, the railways will refurbish and retro-fit 40,000 coaches in next five-and-a-half years to enhance passenger comfort and experience.