Reliance Industries Limited's Chairman, Mukesh Ambani, has announced plans to make Jamnagar the world's energy capital, including solar photovoltaic module production by year-end. Ambani expects the new energy business to become profitable within 5-7 years.
Mukesh Ambani announced that Reliance Industries is committed to creating wealth for India, focusing on long-term gains. The company is advancing critical technologies and AI infrastructure, reflecting significant investments in R&D. The board will discuss issuing bonus shares soon. India is predicted to become the world’s third-largest economy by 2027.
Fixed rates are fixed for the duration of the loan, while floating rates fluctuate based on monetary policy and market conditions. Each has benefits and drawbacks when it comes to interest payments. Here is list of banks offering best home loan interest rate for loan amounts up to Rs 75 Lakh.
Senator JD Vance sharply rebuked Vice President Kamala Harris for criticizing Donald Trump’s visit to Arlington National Cemetery, stating Harris can "go to hell" if she wanted to criticize the former US President. Vance instead accused Harris of mishandling the Afghanistan withdrawal, leading to 13 American soldier deaths, and condemned her lack of investigation into the incident.
The Centre will launch a simplified pension application form for retiring employees on Friday, integrating it into Bhavishya/e-HRMS. The form will streamline the submission process with end-to-end digitisation, aimed at promoting paperless operations and ease for pensioners. Union Minister Jitendra Singh will officiate the launch.
Reliance Industries' 47th AGM revealed major updates including bonus shares and the expansion of Jio and Reliance Retail. Chairman Mukesh Ambani emphasized AI's transformative role and the company's deep tech ambitions. New AI tools and home-grown technologies aim to propel Reliance into a leading global tech enterprise, focusing on hyper-growth and multiplying value.
WhiteOak Capital Mutual Fund has launched WhiteOak Capital Arbitrage Fund, an open ended scheme investing in arbitrage opportunities.
Fitch has affirmed India's long-term 'BBB-' rating, maintaining a stable outlook. The agency cites India's strong medium-term growth and robust external finances as key factors. Forecasts indicate GDP growth of 7.2% for FY25 and 6.5% for FY26, with public infrastructure driving this growth despite potential job creation concerns.
Resourceful Automobile's stock debuted flat at Rs 117, then fluctuated between lower and upper circuits. Despite a 400x IPO subscription, listing performance disappointed amid market sentiment issues.
9 individuals joined the 2024 Hurun India Rich List, driven by successful IPOs. Entries include Amit Saraf from Juniper Hotels, Pradeep and Pankaj Rathod of Cello World.
The Indian government has simplified listing rules for companies on international exchanges within IFSCs, aligning with global standards. New regulations require a minimum 10% public offer and allotment, and a continuous listing requirement of 10% under SCRR Rules 19 and 19A.
Isha Ambani, Director of Reliance Retail Ventures Limited (RRVL), announced the company's entry into the luxury jewellery market with a focus on curated, design-led experiences. Reliance Retail is also exploring fashion jewellery and accessories to broaden its market reach.
Kotak Mutual Fund has launched the Kotak Crisil-IBX AAA Financial Services Index – SEP 2027 Fund, an open-ended Target Maturity Debt Index Fund. It invests in CRISIL-IBX AAA Financial Services Index constituents, with a high interest rate and low credit risk.
Reliance AGM 2024: Mukesh Ambani, Asia's richest man, highlighted Reliance Industries' focus on artificial intelligence at this year's AGM. He introduced Jio Brain and emphasised the company's commitment to offering powerful AI models and services at affordable prices. Reliance plans to build national AI infrastructure with gigawatt-scale data centers powered by green energy.
Jio AI-Cloud Welcome Offer: Reliance has announced the Jio AI-Cloud Welcome Offer to be launched this Diwali, providing up to 100 GB of free cloud storage for Jio users. The initiative aligns with the vision of 'AI Everywhere For Everyone' and includes features like Jio TvOS, Jio Home IoT, Jio TV+, and Jio Phonecall AI.
India's Nitesh Kumar and Thulasimathi Murugesan secured a comfortable win over Suhas Yathiraj and Palak Kohli in their opening group stage match at the Paralympics. However, second-seeded duo Sivarajan Solaimalai and Nithya Sre lost their group play stage match to Americans Miles Krajewski and Jayci Simon in straight games, making it a mixed day for Indian badminton.
Domestic equity indices, Nifty 50 and Sensex hit record highs on Thursday. In today’s session, six Nifty50 stocks reached new 52-week highs. Here’s the list
What makes a stock move from mid cap to large cap ? One is the technical reason which gets impacted by what definition, regulator and exchange decide for the classification of stocks. But for reality what matters is the size of the business opportunity in which that company is operating. It is only when growth will come with both pace and sustainably that top and bottomline line will grow and that will what makes a company bigger and stock a large cap one. Let's take an example. Fifteen years back... Читать дальше...
Zoho Payments as a payment aggregator has been registered as a Bharat Bill Payment Operating Unit (BBPOU) with NBBL, enabling it to onboard buyers and sellers on the BBPS network and facilitate B2B Payments. Zoho Payments also provides businesses with the flexibility to accept and send payments through multiple modes like NEFT, RTGS, IMPS, UPI, cards and netbanking.
Reliance Industries Chairman Mukesh Ambani stated that Reliance Retail ranks in the top five global retailers by store count and in the top 30 by revenue. The company invested Rs 4,330 crore in the last financial year, leveraging equity and debt, and transferred supply chain assets to Reliance Logistics and Warehouse Holdings.
Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced that they are aiming to double its revenue as well as EBITDA of its telecom offering Reliance Jio in the next 3-4 years.
Reliance Industries Chairman Mukesh Ambani announced Jio's major impact on global data traffic, carrying nearly 8% of it. He highlighted Jio's affordable services, noting data costs are just 10% of those in developed countries. With 490 million users, Jio is expanding its digital home services across India.