Reliance Industries Ltd. (RIL) has announced its first bonus share issue in seven years, offering shareholders one new share for every share they own. This 1:1 bonus issue, approved by the company’s board during its 47th Annual General Meeting, marks the conglomerate’s sixth such issue since 2017. Alongside this, RIL plans to raise its authorized Read More…
Adani Ports and Special Economic Zone Ltd (APSEZ), a leading force in India’s port infrastructure, has taken a major leap by acquiring an 80% stake in Astro Offshore for $185 million. This strategic acquisition marks a significant expansion for Adani Ports into the offshore logistics and services sector. Astro Offshore, renowned for its expertise in Read More…
Jio Set to Transform AI and Cloud Computing with Diwali Launch In a major announcement at the 2024 Reliance Annual General Meeting, Chairman Mukesh Ambani introduced Jio’s latest innovation—the “AI Cloud Welcome Offer.” Scheduled for a grand launch this Diwali, this initiative underscores Jio’s commitment to revolutionizing cloud computing and artificial intelligence in India. Democratizing Read More…
In a groundbreaking address at the 2024 Reliance Annual General Meeting, Chairman Mukesh Ambani revealed an ambitious plan to transform Reliance Industries Limited (RIL) into a global “deep tech giant.” A Bold New Era of Innovation Ambani’s vision heralds a new era of hyper-growth driven by cutting-edge technologies. Reliance will harness artificial intelligence, robotics, and Read More…
Hyundai Motor India is set to make waves in the Indian financial market with the launch of a massive ₹25,000 crore IPO, marking the largest public offering in the country in over two decades. This monumental move is expected to pave the way for other multinational corporations to consider similar public offerings in India. As Read More…
New Delhi: In a landmark decision, the Union Cabinet, led by Prime Minister Narendra Modi, has approved the creation of 12 cutting-edge industrial smart cities across 10 states, a move poised to transform India’s industrial landscape. Announced by Union Minister Ashwini Vaishnaw, this ambitious project is a significant push towards bolstering manufacturing capabilities, enhancing economic Read More…
In a sweeping action against financial misconduct, the Securities and Exchange Board of India (Sebi) has imposed a five-year ban on industrialist Anil Ambani and 24 other entities, including former top officials of Reliance Home Finance Ltd (RHFL). The ban is a result of a major fund diversion scandal involving RHFL, where funds were allegedly Read More…
Oppo’s new F27 5G is a sleek and modern smartphone that offers a range of impressive features at an affordable price. With its distinctive halo light, powerful display, and unique walkie-talkie function, the F27 5G is a compelling option for those seeking a stylish and feature-packed device. Key Features: Halo Light: The F27 5G boasts Read More…
By Our Financial Correspondent New Delhi, Aug 20 (IVC) Tourism Finance Corporation of India (TFCI) plans to set an alternative investment fund as it is enter retail lending sector, said its Managing Director, Anoop Bali. The firm is also exploringTFCI Company for setting up alternative Investment Fund. The firm is also exploring ways to raise Read More…
By Our Financial Correspondent New Delhi, Aug 20 (IVC) The public sector Bharat petroleum Corporation Limited (BPCL) plans to invest Re 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in ‘future big bets’ of petrochemicals aand green energy, said its chairman G Read More…