RELIANCE 46TH ANNUAL GENERAL MEETING
Budget 2024 may propel a key element of the Modi govt's Panchamrit goals
The Indian government has been prioritizing sustainability through clean energy for over half a decade to ensure economic growth. The Green Hydrogen economy, an integral part of the development factors, is a key focus in the country's energy sector. The Modi 3.0 budget could introduce new financial incentives, subsidies, and infrastructure investments to bolster this nascent industry.
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.
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.
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.
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.
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.
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