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As on : 21-Aug-2018
Reliance Infra.
Anil D Ambani, Chairman, Reliance Group, in a letter last week to Rahul Gandhi, said the Congress has been misinformed, misdirected and misled by malicious vested interests and corporate rivals on the Rafale offset exports / work share.

Some highlights from the said letter:

- Anil Ambani expresses deep anguish over continued personal attacks by Rahul Gandhi on him, and terms all allegations as “baseless, ill-informed and unfortunate”

- Anil Ambani explains to Rahul Gandhi the role of Reliance in offset exports / work share with Dassault

- Anil Ambani clarifies to Rahul Gandhi that Rafale fighter jets are not being manufactured by Reliance or the Dassault Reliance Joint Venture. All 36 planes are to be 100% manufactured in France, and exported from France to India

- Anil Ambani clarifies that not a single component worth a single rupee is to be manufactured by Reliance for these 36 Rafale jets. The allegations relating to “lack of experience” are, thus, irrelevant

- Anil Ambani, in his letter to Rahul Gandhi, says: “There is no contract from the MoD to any Reliance Group company related to 36 Rafale aircraft”

- Anil Ambani says allegations of Reliance benefitting by thousands of crores is a figment of imagination, “promoted by vested interests”. Simply put, “no contract exists with the Government of India”

- Anil Ambani says: “Our role is limited to offset exports / export obligations. More than 100 medium, small and micro enterprises (MSMEs) will participate in this, along with public sector undertakings like BEL and Defence Research & Development Organization (DRDO). This role strengthens Indian manufacturing capabilities, and is in pursuance of the Offsets Policy introduced by the Congress-led UPA Government itself from 2005 onwards”

- Anil Ambani says Rahul Gandhi's allegation that Reliance Defence was set up 10 days before the 10 April 2015 announcement in Paris by both Governments—of the intention to purchase 36 French-manufactured Rafale jets—links factually incorrect information, and is thus irrelevant and completely false

- Anil Ambani says: “The Reliance Group announced its decision to enter the defence manufacturing sector in December 2014-January 2015, months before the intention for purchase of Rafale aircraft. In February 2015, we informed the Indian Stock Exchanges of the companies we have incorporated”.

Borosil Glass
Borosil Glass Works has appointed ewal Kundanlal Handa (DIN 00056826) as an Additional and Independent Director of the Company with effect from 30 August 2018.
Nestle India
Nestle India has announced that it will partner with Flipkart to launch MAGGI Special Masala Noodles, that epitomizes the flavours of India and brings with it the goodness of 20 finely ground and whole spices, roasted to perfection. As a part of the partnership, from 21 August 2018 consumers can pre-book MAGGI Special Masala Noodles on Flipkart, this product will also be available exclusively on Flipkart from 25 - 30 August, following which it will be available nationwide through Nestle's strong distribution reach.
Garware-Wall Rop
Garware-Wall Ropes announced that the Annual General Meeting (AGM) of the company will be held on 11 September 2018.
Housing Development Finance Corporation has entered into an agreement for acquiring 30,52,469 equity shares of Re 1 each of Good Host representing 25.01% of its share capital from Manipal Integrated Services for cash consideration of Rs 69.50 crore.

Good Host owns or operates/ manages hostel facilities at Jaipur and Udipi.

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