RELIANCE 46TH ANNUAL GENERAL MEETING
Tariff hikes, 5G monetisation moves hint Jio’s headed for IPO
Reliance Jio Infocomm is raising tariffs and monetising its 5G business, potentially leading to an IPO next year, with clarity expected at Reliance Industries' AGM. Valued at $133 billion, it could be India's largest IPO. Improved ARPU aims to attract investors. RIL, Meta, and Google are significant stakeholders. Financial improvements expected FY24-27. Bharti Airtel and BSE mentioned.
Jaishankar meets UN chief and Belarusian, Tajikistan, Uzbek counterparts in Kazakhstan
During the SCO summit, Jaishankar engaged in talks with various member states including China, Kyrgyzstan, and Pakistan to enhance regional stability and cooperation, showcasing India's commitment to multilateral partnerships.
Budget 2024: A look at how India’s inflation panned out within a year before Sitharaman’s key announcements
Budget 2024 India Inflation Rate | Finance Minister Nirmala Sitharaman is set to unveil Budget 2024 amid a focus on India's inflation, a pivotal concern. With inflation easing to a 12-month low of 4.75% in May, the RBI aims for a sustainable 4% target. The budget will navigate challenges like food prices and global uncertainties, shaping economic policies for stability and growth.
India's economy: A-Z all you need to know before announcement of Union Budget
Union Budget will be announced by Finance Minister Nirmala Sitharaman in late July. The report covers key economic indicators, including India's GDP growth at 7.8% in Q4FY24, concerns over consumption expenditure, stable retail inflation at 4.7%, fiscal deficit reduction to 5.6% in FY24, and a narrowing trade deficit | Budget 2024
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
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No distractions, wavering on bringing down inflation to 4% says governor Das
RBI has to navigate its path towards the 4% inflation target with a "clear and unambiguous focus and (its) commitment to bring down the inflation to 4% cannot be any wavering," Das said in a speech at the Annual General Meeting of local industry lobby group Bombay Chamber of Commerce and Industry.
Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRI
The Global Trade Research Initiative (GTRI) proposed several reforms to enhance India's Goods and Services Tax (GST) system on its 7th anniversary. Recommendations include raising the GST exemption limit to Rs 1.5 crore for firms (up from Rs 40 lakh), simplifying the tax structure by reducing slabs and eliminating state-wise registration requirements. GTRI highlighted GST's role as the world's largest indirect tax platform, with over 1.46 crore registrations.
Tesla vs Tata Motors: Elon Musk's $56 billion salary more than TaMo revenue
Musk's compensation package not only outstrips TaMo but also surpasses the total revenues of other prominent Indian entities, including HPCL, SBI, Rajesh Exports, and TCS
Reliance Industrial Infra, Manappuram Finance, Indian Hotels among 3 stocks in focus this week for dividends & other corporate actions
Key financial announcements include dividend declarations by Reliance Industrial Infrastructure, Manappuram Finance, Indian Hotels, IndiaMart InterMesh, SMC Global Securities, Uno Minda, Home First Finance, Himadri Speciality Chemical, ICICI Lombard General Insurance, and JM Financial. Sharda Motor Industries approved a buyback, while Motilal Oswal announced a stock split.
Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit
The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.
Fortis Healthcare Q4 Results: Net profit jumps 47% YoY to Rs 203 crore
Fortis Healthcare Ltd on Thursday reported a 46.88 per cent increase in consolidated net profit at Rs 203.14 crore in the fourth quarter ended March 2024 on the back of higher revenue from its core business.
GSK Pharma Q4 Results: Net profit rises 46% YoY at Rs 194.48 crore
The company had posted a net profit of Rs 133.43 crore in the corresponding quarter of the previous fiscal, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing.
India in talks with like-minded countries to regulate tourism in Antarctica
India is collaborating with like-minded nations to advocate for regulated tourism in Antarctica, recognizing the threat posed by an increasing number of tourists to the continent's delicate ecology. The issue of regulating Antarctic tourism will be discussed at the Antarctic Treaty Consultative Meeting and the Committee for Environmental Protection meeting in Kochi from May 20 to May 30. The Ministry of Earth Sciences, hosting these meetings, aims to facilitate visits to Indian research stations in Antarctica for the general public.
India to formally convey to ATCM its plans to built new research station in Antarctica
India plans to announce its plans to develop a new research station in Antarctica at the 46th Antarctic Treaty Consultative Meeting (ATCM) and the 26th Meeting of the Committee for Environment Protection. The station, Maitri, is expected to be revamped and turned into a summer camp and monument. The ATCM also aims to regulate tourism in Antarctica, the Earth's only continent without an indigenous population.
Maruti Suzuki's annual sales volume crosses 2 million units
Maruti Suzuki India's Q4 net profit rose by 47.8% to Rs 3,877.8 crore. Annual sales exceeded 2 million units, with a record dividend proposal of Rs 125 per share. The company remains the top passenger vehicle exporter in India.
KB Kachru elected as Hotel Association of India President for 2-year term
KB Kachru elected president of HAI, succeeding Puneet Chhatwal. Rohit Khosla as VP. New management team elected for a two-year term. Dr JK Mohanty, Sanjay Sethi, MP Bezbaruah, IHCL Seleqtions, Shashank Bhagat, Sonali Chauhan also elected.
US Fed meet outcome today: Two possible scenarios that Dalal Street can look at
US Federal Reserve is expected to maintain the federal funds rate amid higher inflation and strong job market data. Market eagerly awaits the Fed's guidance on potential rate cuts and future policy actions.
Can't remain dependent for national security needs; Atmanirbharta is a must, says Army Chief Manoj Pande
Army Chief General Manoj Pande stresses the significance of self-reliance in defence production, stating that the security of the nation cannot be outsourced or dependent on others. He highlights the Army's efforts towards self-reliance, including collaborations with indigenous defense industries. Gen Pande underlines the need for self-sufficiency in acquiring new weapon platforms and critical technologies. He also outlines the government's enabling actions and the Army's vision for a modern, technology-enabled force prepared for future challenges.
'Back to Basics': What's on the agenda at the WEF's 54th Davos meet
WEF 2024: Set to take place in Davos, Switzerland, the WEF will convene over 2800 leaders, including 60 heads of state and numerous CEOs. With a focus on vital global issues like climate change, artificial intelligence, and geopolitical conflicts, the 54th edition aims to revitalize foundational principles. Key discussions include achieving security amid geopolitical tensions, creating a new economic framework, harnessing AI for societal benefit, and developing a long-term strategy for climate and energy. Notable leaders such as Li Qiang, Emmanuel Macron, and Ngozi Okonjo-Iweala will participate.
Reliance Retail to take Campa brand global
Campa, which competes with global cola makers Coca-Cola and PepsiCo in India, will be the first homegrown cola to be taken overseas. “We are scaling it (Campa) up further in India, and have also started work to take it global, starting with Asia and Africa,” Ambani, director at Reliance Retail Ventures, said in her address at the AGM.
Pretty in pink: Nita Ambani dazzled in banarasi saree, handwoven by artisan Iqbal Ahmad, at 46th AGM of Reliance Industries
The 46th annual general meeting (AGM) of Reliance Industries Limited (RIL) recently concluded with Nita Ambani, the founder and Chairperson of Reliance Foundation, grabbing attention for her sartorial choice.
Reliance Annual General Meeting: What to expect in retail business
Reliance Industries Limited (RIL), India's largest conglomerate, is expected to focus on its financial services at its upcoming Annual General Meeting (AGM), but announcements and future plans for its retail arm are also anticipated. JPMorgan Chase expects disclosures around the retail business, which now forms the largest part of RIL's valuation.
RIL AGM 2023: Date, time, and how to watch Reliance Industries' 46th Annual General Meeting live online
Reliance Industries is preparing for its 46th AGM, which will be held on August 28, 2023. The meeting will be televised live through videoconferencing and other audio-visual means. The AGM is significant as it is the first after the listing of Jio Financial Services shares. Investors are looking forward to gaining insights into the company's strategic directions and future plans.
Reliance Industries to hold 46th AGM on August 28
RIL has set August 21 as the record date to determine eligible shareholders for payment of dividend. Dalal Street investors will keenly look forward to it, as Chairman Mukesh Ambani usually makes key announcements related to growth and expansion plans in AGMs.
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