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Reliance, Samsung sign $3-billion contract for green ammonia supply| Business News

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Reliance, Samsung sign -billion contract for green ammonia supply| Business News


Reliance Industries Ltd. has secured a landmark $3 billion deal with South Korea’s Samsung C&T Corp. to supply green ammonia, marking a significant milestone in billionaire Mukesh Ambani’s pivot towards renewable energy.

Reliance Industries Chairman Mukesh Ambani. (Bloomberg)
Reliance Industries Chairman Mukesh Ambani. (Bloomberg)

The binding, long-term supply and purchase agreement spans a 15-year period, with deliveries slated to commence in the second half of the fiscal year ending March 2029. The Reliance-Samsung deal, one of the largest of its kind globally, signals India’s emergence as a major exporter of green fuels and underscores Reliance’s ambition to dominate the clean energy value chain.

“This partnership marks an important step in India’s clean-energy journey,” said Anant Ambani, executive director of Reliance Industries. He noted that the initiative aims to integrate India’s renewable resources with manufacturing leadership to produce value-added chemicals at scale.

Reliance-Samsung deal: A new benchmark?

The partnership is the first in a series of anticipated off-take agreements intended to scale Reliance’s nascent New Energy platform. By securing an international buyer like Samsung C&T, Reliance is validating its massive capital expenditure in “green” molecules, which are produced using renewable electricity rather than fossil fuels.

For Samsung C&T, a global trading and investment powerhouse founded in 1938, the deal secures a reliable, long-term source of carbon-free fuel. The South Korean firm has been aggressively expanding its footprint in renewable energy projects, including Solar PV and Energy Storage Systems (ESS), as North Asian economies look to decarbonise their heavy industries and shipping sectors.

The Giga Complex Strategy

Central to Reliance’s ability to execute this $3 billion contract is the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, Gujarat. The 5,000-acre advanced manufacturing hub is designed to house “gigafactories” for solar modules, batteries, electrolysers, and fuel cells.

Unlike many global competitors that rely on imported components, Reliance is pursuing a strategy of deep indigenisation. The company is developing an “end-to-end” value chain that includes domestic manufacturing of critical clean-energy equipment, a move aligned with the government’s National Green Hydrogen Mission.

“At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition—Solar, Battery Energy Storage Systems, and Electrolysers—under a strong Make-in-India framework,” Ambani said.

The Net-Zero Ambition

The $3 billion Reliance-Samsung deal provides a clear revenue roadmap for Reliance’s new energy unit as it works toward the company’s broader goal of reaching net-carbon zero by 2035.

Reliance, India’s largest private sector company by revenue, reported a net profit of INR 81,309 crore ($9.5 billion) for the year ended March 31, 2025.


Salman Khan's Battle of Galwan retitled to Maatrubhoomi to 'tone down anti-China' parts, conflict fictionalised: Report

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Salman Khan's Battle of Galwan retitled to Maatrubhoomi to 'tone down anti-China' parts, conflict fictionalised: Report


On Monday, actor Salman Khan made an important and surprising announcement. His upcoming war drama is no longer called Battle of Galwan. The film is now titled Maatrubhoomi, with Salman sharing a new poster and tagline. A new report now claims the title was changed to ‘tone down’ the film’s anti-China elements. Maatrubhoomi is based on the 2020 Galwan Valley clashes between the Indian and Chinese armed forces.

Salman Khan in a still from Maatrubhumi.
Salman Khan in a still from Maatrubhumi.

Why Battle of Galwan is now Maatrubhoomi

On Monday, Salman took to social media to share a new poster for the film, with a new title: Maatrubhoomi. “May War Rest In Peace,” he wrote in the caption, followed by the hashtag #Maatrubhumi. Salman tagged the film’s director, Apoorva Lakhia, along with actor Chitrangda Singh and his own production house, which is backing the film.

A Bollywood Hungama report quotes a source as saying the film’s title was changed to remove the anti-China portions. “Salman Khan was advised in certain official and strategic quarters to not only rethink the title of the film, but also tone down the anti-China portions. Taking that feedback seriously, Salman chose to align the film with the national mood and preserve the subject’s broader sensitivity. As a result, the title was changed, and a substantial portion was reworked, with the conflict being fictionalised,” the source told the portal.

The film, initially based on the Galwan conflict between Indian and Chinese forces in 2020, had sparked controversy earlier this month when state-backed media in China, particularly the Global Times, claimed that it “distorts facts” and fuels anti-China sentiment.

The report also stated that the changes were achieved through reshoots and rewrites, turning the film into a more emotionally charged work. “A significant part of the script has been rewritten to reshape the film into a more emotionally charged patriotic saga. The changes also came after inputs from relevant quarters, and the new version is said to explore a more intimate dynamic between Salman Khan and Chitrangda’s characters,” the source added.

All about Maatrubhoomi

Produced by Salma Khan under the banner of Salman Khan Films and directed by Apoorva Lakhia, Maatrubhoomi stars Salman as an Indian Army Colonel. The makers say that the film aims to present an unflinching portrayal of courage, sacrifice, and resilience, while balancing the intensity of conflict with the intimacy of love and family.

The new poster does not have a release date. The film is scheduled to release on April 10, but reports now state that it may be pushed to later in the year. The makers are yet to formally announce a changed release date.


Sanju Samson breaks silence on leaving Rajasthan Royals and joining CSK for IPL 2026: ‘Don’t let emotions rule me’

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Sanju Samson breaks silence on leaving Rajasthan Royals and joining CSK for IPL 2026: ‘Don’t let emotions rule me’


Sanju Samson, the T20 World Cup hero, cannot wait to don the yellow jersey for the five-time champions Chennai Super Kings (CSK) in the upcoming edition of the Indian Premier League (IPL). The right-handed batter from Kerala was traded to CSK by the Rajasthan Royals last year for INR 18 crore. At that time, the Royals’ management revealed that Samson made his intentions to leave the franchise clear midway through the 2025 season of the tournament. However, the 31-year-old never said anything publicly.

Sanju Samson will play for the Chennai Super Kings in IPL 2026. (AFP)
Sanju Samson will play for the Chennai Super Kings in IPL 2026. (AFP)

However, on Monday, Samson finally broke his silence about leaving the franchise he had represented for several years. The batter also led the team to the finals of the 2022 edition of the tournament, only to come up short against the Gujarat Titans.

Speaking to the media, Samson said he doesn’t let emotions affect him and would have no problem playing for CSK against the Royals. It is worth noting that the CSK would open their IPL 2026 campaign on Monday, March 30, against the Royals at the Barsapara Stadium in Guwahati. Samson also said that he decided to leave the Royals because he felt his time at the franchise was over.

“This is the first time I will play against the Rajasthan Royals, but I don’t let emotions rule me on the field. I left Rajasthan Royals because I felt my time in the team was over. Even if we come up against them now, I will play my best cricket,” Samson told the media in Thiruvananthapuram.

‘Spoke to Dhoni’

Samson, who was named Player of the Tournament after India’s third T20 World Cup win, said he has already spoken to Dhoni and is looking forward to playing for CSK at Chepauk.

He also recalled how the Chennai crowd supported him during the World Cup match against Zimbabwe when he regained his place in the playing XI for the Super 8s tie.

“I am really excited to be part of CSK. I had spoken to Dhoni over the phone and had shared the dressing room with him when I was in the Indian team. I always had positive vibes after interaction with Dhoni bhai. This will be different as I will be spending close to two months with Dhoni in CSK, and I am eagerly looking forward to it. It will be a great opportunity for me to observe him from close quarters and learn from him,’’ he said.

“I was surprised by the support I got from the Chennai crowd during the World Cup. I think I am lucky. Maybe they see me as one of them. I don’t want to disappoint them in the IPL and will give my best for CSK’’ he said.

In the T20 World Cup, Samson smashed 321 runs, winning the Player of the Match award in the Super 8s against the West Indies and then against England in the semi-finals. In the last three matches for the Men in Blue, Samson recorded scores of 97*, 89 and 89.

Samson didn’t start the World Cup for India after a horrible run against New Zealand; however, he regained his place as the management wanted to bring in a right-hander at the top to stop letting the opposition use the off-spinners against Ishan Kishan and Abhishek Sharma.


Jane Fonda feels she deserved to do Robert Redford's Oscars tribute

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Jane Fonda feels she deserved to do Robert Redford's Oscars tribute


Jane Fonda feels Barbra Streisand didn't deserve to do Robert Redford's Oscars tribute: ‘I have more to say’
With a twinkle in her eye, Jane Fonda humorously remarked on the unexpected choice of Barbra Streisand, who starred alongside Robert Redford in just one movie, to pay tribute to him at the Oscars. Having worked with Redford in four films, Fonda felt a surge of affection and nostalgia for the ‘incredible man’ whose influence reshaped the film industry.

At the 98th annual Academy Awards on Sunday, Barbra Streisand took the stage as part of the ceremony’s In Memoriam segment to honor Redford, who passed away on September 16, 2025, at age 89. However, Jane Fonda says that she feels she should have paid the tribute.

Jane fonda playfully makes the confession

At an Oscar night party, Jane Fonda told Entertainment Tonight, “I want to know how come Streisand was up there doing that for Redford?” She playfully added that Streisand, 83, “only made one movie with him, I made four! I have more to say.”With a laugh, Fonda said she “was always in love with him. The most gorgeous human being and such great values. And he did a lot for movies, he really changed movies, lifted up independent movies.”

Barbra Streisand’s collaboration with Robert Redford

Streisand starred with Redford in the Sydney Pollack-directed 1973 romance drama ‘The Way We Were.’ Onstage at the Conan O’Brien-hosted ceremony, she delivered a moving tribute to the actor-filmmaker, followed briefly by a rare live rendition of the hit song of the same name, over a decade since she last performed it at the Oscars for composer Marvin Hamlisch.“He was a brilliant, subtle actor,” the ‘Funny Girl’ Oscar winner said onstage of Redford. “And we had a wonderful time playing off each other because we never quite knew what the other one was going to do in the scene.”

Jane Fonda’s films with Robert Redford

Fonda, on the other hand, starred with the late Redford in 1960’s ‘The Tall Story,’ 1966’s ‘The Chase,’ 1967’s ‘Barefoot in the Park’ and 2017’s ‘Our Souls at Night.’ In a statement shared on the day her friend died, the two-time Oscar-winning actress said, “It hit me hard this morning when I read that Bob was gone. I can’t stop crying. He meant a lot to me and was a beautiful person in every way. He stood for an America we have to keep fighting for.“This year’s Oscars In Memoriam segment included such Hollywood heavyweights as Rob Reiner, Isiah Whitlock Jr., Catherine O’Hara, Val Kilmer, Robert Duvall, and more.


Sean Penn didn't accept his Oscar as he was on a train to war-torn Ukraine at the time, met Volodymyr Zelenskyy

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Sean Penn didn't accept his Oscar as he was on a train to war-torn Ukraine at the time, met Volodymyr Zelenskyy


It was one of the highlights of an eventful 98th Academy Awards evening when Sean Penn, the winner of the Best Supporting Actor for One Battle After Another, was not present to accept his award. Even as presenter Kieran Culkin kept it light in accepting the honour on his behalf, many wondered why Sean Penn did not attend the ceremony, where he was a favourite to win.

Actor Sean Penn with Ukrainian President Volodymyr Zelenskyy in Kyiv.
Actor Sean Penn with Ukrainian President Volodymyr Zelenskyy in Kyiv.

Sean Penn skips Oscars for Ukraine

A video that emerged hours later cleared all that. On Monday, Sean was spotted stepping out of a train carriage in central Kyiv, thousands of miles away from the glitz of Hollywood’s Dolby Theatre, where the Oscars were held.

The 65-year-old actor skipped Sunday’s ceremony to travel to meet Ukraine’s President Volodymyr Zelenskyy in the war-battered capital. Ukraine’s state railway operator posted a short video clip of the three-time Oscar winner getting out of the train in the morning, saying it had kept his trip a secret until the very last moment. “Now we can say it officially: Sean Penn chose Ukraine over the Oscars!” it said on its Facebook page.

Later in the day, President Zelenskyy posted a picture of himself meeting the actor at the presidential office in Kyiv. The photo showed the black-clad president speaking with Penn, who wore a T-shirt and jeans. There were no immediate details on their conversation.

“Sean, thanks to you, we know what a true friend of Ukraine is. You have stood with Ukraine since the first day of the full-scale war. This is still true today,” Zelenskyy wrote on the Telegram app.

The city is right now heavily barricaded because of the country’s ongoing war against Vladimir Putin’s Russia. Sean Penn has visited Ukraine several times in the last two years. A long-time advocate for Ukraine, Sean Penn filmed a documentary about Russia’s invasion that premiered in February 2023. Penn also lent Zelenskyy, a former comedian and actor, one of his other Oscars in 2022.

Sean Penn’s historic Oscar win

On Sunday, Sean Penn became only the fourth male actor to win three Oscars for acting. The veteran star won the Best Supporting Actor for his portrayal of an unhinged, obsessed army Colonel in Paul Thomas Anderson’s One Battle After Another. He had previously won the Best Actor trophies for Mystic River and Milk. His third win ties Sean with Daniel Day-Lewis, Jack Nicholson, and Walter Brennan for most acting wins for male stars. Katherine Hepburn leads the overall list with four wins.

(With inputs from Reuters)


No place for hubris in sport: Mondo Duplantis | More sports News

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No place for hubris in sport: Mondo Duplantis | More sports News


No place for hubris in sport: Mondo Duplantis
Mondo Duplantis (AP Photo)

MUMBAI: Fresh from breaking the world record for the 15th time, pole vault superstar Mondo Duplantis is excited about returning to the scene where his extraordinary sequence began. Torun, a city in north-central Poland, will host the world indoors from March 20-22. It’s also where Duplantis etched his name in the record books for the first time in Feb 2020, representing a full-circle moment for an exceptionally gifted athlete who has absolutely dominated his sport in these six years. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!“Torun is a very special place for me since I broke my first world record there,” the two-time reigning Olympic champion told reporters during a call on Sunday. “I’ve been fortunate enough to break a few since then, but the first one’s always a very life-changing moment.“You go from, in one instance, being not the world record holder, to the world record holder, which is one of my biggest childhood dreams. “I’m just really excited for it, honestly, especially after what I was able to do just now in Uppsala, which was, of course, really good.”If you missed out on Duplantis’s latest feat, the 26-year-old cleared the bar at 6.31m at his home meet, the Mondo Classic, last Thursday. It saw him extend his iron-clad grip on the world record he’s held since eclipsing Frenchman Renaud Lavillenie’s previous mark with a jump of 6.17m six years ago.The three-time indoor and outdoor world champion explained how tweaking his run-up by a couple of steps had played a key role in helping him control a stiffer pole while going for the 6.31m vault. “There was this one stiffer pole that I’d never been able to really just get to work,” he said. “I just couldn’t really make it work at the weight that I like to jump at. And so I was able to make it work this past weekend.“I did a little bit of a change with my approach and my run-up. I usually run from a 20-step approach and I moved it to a 22 step approach, which doesn’t sound like that much of a difference, but it’s actually quite different.“I don’t have speed data, but I think that I was clearly able to add some type of extra energy into the take-off because I was able to use that stiffer pole that I haven’t been able to use for like four years.”For someone who has won 38 straight competitions, with defeat last coming in Aug 2023, Duplantis was asked if he fears that his incredible streak would come to an end. “I never really had that problem,” said the Swede. “I think you can never have too much of a hubris and be over-confident when it comes to sports, and you can just never underestimate your opponents but also the sport itself.“I know that whenever I do the things that I know that I can do, and I focus and I jump the way that I know that I can jump, then I do feel like I’m the best one every time I step out onto the track.”But in “such a difficult sport”, Duplantis stressed, “there’s no slacking off ”. “Especially at this level, it’s like I just always have to bring my A game. I never feel like it’s just given to me,” he said.As to how further, or higher, he could still go, Duplantis said the thrill for him simply lay in “the journey” and “pushing the envelope” as long as he was competing.“I just expect a certain level out of whatever I think is possible on the day, so I’ll just keep pushing it, and as far as I can take it, then that’ll be what it’ll be,” he said.

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Divyanka Tripathi and Vivek Dahiya are expecting their first baby

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Divyanka Tripathi and Vivek Dahiya are expecting their first baby



Divyanka Tripathi and Vivek Dahiya are expecting their first baby

Television actors Divyanka Tripathi and Vivek Dahiya are reportedly expecting their first child, nearly a decade after their wedding. The news has created excitement among fans of the popular couple, who have long been admired for their relationship both on and off screen.

Divyanka Tripathi and Vivek Dahiya are expecting baby

According to reports, Divyanka is believed to be in the later months of pregnancy, although the couple has not officially confirmed the news yet. The development has sparked widespread buzz among their followers and well wishers, many of whom have taken to social media to share congratulatory messages and express their happiness for the couple.

Divyanka and Vivek’s love story has been closely followed by fans ever since they first met in the television industry. The two actors reportedly became close while working on the popular television show Yeh Hai Mohabbatein. Their friendship soon turned into romance, and the couple got engaged in early 2016 before tying the knot later that year in a grand ceremony held in Bhopal.

Since their wedding, the pair have often been considered one of the most beloved couples in the Indian television industry. They frequently share glimpses of their life together through interviews, public appearances and social media posts, which has helped them build a strong connection with their fans.

All about the duo

Over the years, both actors have continued to remain active in the entertainment world. Divyanka has been widely recognised for her performances on television and has built a loyal fan following through her work in several popular shows. She also appeared in the reality show Nach Baliye 8, which she won alongside Vivek.

The couple have often been asked about their plans to start a family during interviews and fan interactions. While they have usually responded with humour or avoided giving a definite timeline, they have also said they believe such decisions should happen at the right time.

If the latest reports are accurate, the couple could soon be stepping into a new phase of life as they prepare to welcome their first child together. The possibility of this happy news has already generated excitement among fans who have followed their journey for many years.

For now, supporters are eagerly waiting for an official confirmation from Divyanka and Vivek. Until then, the reports continue to circulate widely online, with many fans celebrating what could be a major milestone in the couple’s life.


Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel

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Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel



This is the latest in a series of measures undertaken by Asian countries which rely on oil from the Gulf.


This is mockery of Pak cricket: Akmal slams B’desh loss

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This is mockery of Pak cricket: Akmal slams B’desh loss



This is mockery of Pak cricket: Akmal slams B’desh loss

Former Pakistan wicketkeeper-batter Kamran Akmal launched a scathing criticism of the national side after their defeat to Bangladesh in the three-match ODI series. Pakistan, led by Shaheen Afridi, lost the series 2-1 after suffering an 11-run defeat in the deciding match in Dhaka on Sunday.

Pakistan entered the series without several senior players, including Babar Azam and Fakhar Zaman, as the team management opted to give younger players opportunities. It was later revealed that the duo had been dealing with injuries sustained during the ICC Men`s T20 World Cup. However, the relatively inexperienced lineup struggled to make the most of the opportunity and failed to handle the pressure in crucial moments.

Reacting strongly to the outcome, Akmal expressed serious concerns over the state of Pakistan cricket and questioned the lack of accountability within the Pakistan Cricket Board.

“For god`s sake, think about Pakistan cricket. Just see the levels we have gone down to. The Netherlands must be thinking that if they get to play a three-match ODI series against Pakistan, they can attain Test status, as they can also beat us. You have made a mockery of your cricket. You people just don`t care,” Akmal said on the ‘Game Plan’ show.

Akmal also criticised the team’s tactical decisions during the decisive encounter, stating, “You have lost the match. What experiments are you doing? It was a good pitch. Why did you choose to bowl? Why didn`t you bat? They would have scored 350. Litton Das was slow in the end, that`s why Bangladesh got restricted to 290. It was a series decider. When you do not win the series against teams, how will you progress? ICC trophy chori karke leke aani hai? ( You plan to steal the ICC trophy?).”

Pakistan’s struggles have not been limited to the bilateral series in Bangladesh. The team also endured a disappointing campaign at the ICC Men`s T20 World Cup, failing to progress to the semi-finals. During the tournament, the Men in Green lost their group-stage clash against India and later suffered another defeat to England in the Super 8 stage. Their Super 8 fixture against New Zealand was washed out due to rain.

Pakistan still had a mathematical chance of advancing before their final Super 8 encounter against Sri Lanka, where they required a victory by at least 65 runs to secure a semi-final berth. Although Pakistan won the match by five runs, the margin proved insufficient to keep their hopes alive.

The exit marked the fourth consecutive ICC tournament in which Pakistan failed to reach the semi-finals, further intensifying scrutiny over the team’s performances and long-term direction.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


Stock market today (March 17, 2026): Nifty50 opens flat; BSE Sensex down 50 points

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Stock market today (March 17, 2026): Nifty50 opens flat; BSE Sensex down 50 points


Stock market today (March 17, 2026): Nifty50 opens flat; BSE Sensex down 50 points
Stock market today (AI image)

Indian markets recovered on Monday, but analysts cautioned that volatility may persist as investors remain wary of geopolitical tensions in West Asia and fluctuations in global energy prices. The ongoing conflict continues to weigh on sentiment and keep overall risk appetite restrained.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With total uncertainty and confusion regarding the trend of the war continuing, this uncertainty is getting reflected in the market, too. Even seasoned experts lack conviction to advise investors on the right strategy. All that can be said with conviction now is: remain invested and continue with SIPs.” “Nifty’s sharp bounce of 257 points yesterday was triggered mainly by short-covering from oversold territory. This bounce back is unlikely to sustain, given the massive selling by FIIs which touched Rs 9366 crores yesterday. In the near-term this FII selling will continue since other markets like the South Korean and Taiwanese markets are giving better returns to FIIs. More importantly, the earnings growth prospects in these markets look much better compared to India’s. In brief, the sustained FII selling is likely to weigh on markets in the near-term.”Foreign portfolio investors (FPIs) remained net sellers during the session, offloading shares worth Rs 9,365 crore. In contrast, domestic institutional investors (DIIs) provided support to the market by purchasing equities worth Rs 12,594 crore.Wall Street closed sharply higher on Monday, driven by gains in artificial intelligence related stocks. Meta Platforms rose after a report indicated that the company is preparing for sweeping layoffs. Asian markets also opened higher, supported by optimism that a greater number of oil tankers may soon be able to pass through the strategically important Strait of Hormuz. The development lifted sentiment following the strong performance on Wall Street.Oil prices climbed more than 2 per cent in early trading on Tuesday, reversing part of the losses recorded in the previous session. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)