India s billionaires hunker down in safety bubbles amid covid horror
News Network
April 29, 2021
Some of India’s richest people are forming bubbles with their families and staff, while others are leaving for homes outside of major cities as a virus resurgence overwhelms the country’s medical system and spurs other nations to shut out Indian travellers.
“I’ve been indoors with my family and our staff, that’s my story,” said Kris Gopalakrishnan, one of the billionaire-cofounders of IT giant Infosys Ltd. who now runs a Bengaluru-based venture to support startups. The group are shunning outside contact and only eating home-cooked meals, he said.
Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed bin Salman seems to think so.
“There are discussions happening right now about a 1 per cent acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co, he said in a local television interview on Tuesday.
Prince Mohammed didn’t disclose which company might make the investment, but you don’t have to be a Jane Austen protagonist to work out the most likely partner. Reliance Industries Ltd, owner of the world’s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1 per cent of Aramco would be worth about $19 billion not far off the $15 billion price tag put on 20 per cent of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.
Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday. Prince Mohammed didn’t disclose which company might make the investment, but you don’t have to be a Jane Austen protagonist to work out the most likely partner. Reliance Industries Ltd., owner of the world’s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1% of Aramco would be worth about $19 billion not far off the $15 billion price tag put on 20% of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.
Reliance Foundation to Provide Free COVID Treatment at Upcoming 1,000-bed Facility in Gujarat
New Delhi: Reliance Foundation on Wednesday said it is setting up a 1,000-bed COVID-19 care facility with oxygen supply in Jamnagar, Gujarat where all services will be provided free of cost.
A 400-bed COVID care facility will be up and running at Government Dental College & Hospital in Jamnagar within a week. Thereafter, another 600-bed facility will be made operational at another location in Jamnagar within the next two weeks, the foundation said in a statement.
“As India fights the second wave of COVID, we are committed to helping in every way we can. Additional healthcare facilities are one of the most critical needs of the hour. Reliance Foundation is setting up a 1000-bedded hospital with Oxygen for COVID patients in Jamnagar, Gujarat. The first phase of 400 beds will be ready within a week, and the other 600 beds in another week. The hospital will provide quality care free of cost