RELIANCE ANNUAL GENERAL MEETING
India-Russia ties: The optics of Modi with Putin when Nato meets in Washington
While Nato meets from July 9-11 in Washington to discuss Ukraine, Prime Minister Narendra Modi will visit Russia on July 8-9 to meet President Vladimir Putin. Nato’s primary focus will be on supporting Ukraine and potential membership, as emphasized by Secretary General Jens Stoltenberg. Indian Foreign Secretary Vinay Kwatra assures Modi's visit is pre-scheduled. This visit challenges Russia’s isolation narrative, reinforced by Hungary's recent support. Moscow-based expert Aleksei Zakharov underscores the significance of Russia's neutrality in India-China disputes. The trip addresses US concerns over India-Russia military-tech ties.
India-UK FTA: Dynamics set to change after Starmer-led Labour Party's election victory?
India-UK FTA: Keir Starmer's Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer's manifesto pledges to pursue a "new strategic partnership" with India, focusing on finalizing the FTA, marking a departure from previous Labour Party stances. Despite the anticipated shift, the specific timelines for concluding the FTA remain uncertain.
Railways to make 10,000 non-AC coaches over FY25 and FY26
Indian Railways plans to introduce 10,000 non-air-conditioned coaches by 2025-26, with 53% being general coaches, to cater to common passengers' needs. The annual production takes into account dynamic rail service demands influenced by seasonal changes and increasing passenger traffic. Officials highlighted the production aligning with requirements, stating that 4,485 coaches will be made this fiscal year, including various types like sleeper coaches, seating-cum-luggage rake coaches, high-capacity parcel vans, and pantry cars.
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.
Must accelerate action for sustainable development goals: UN Secy General
The Sustainable Development Goals face challenges due to the COVID-19 pandemic, conflicts, and climate change. Urgent global cooperation is needed to address rising poverty, conflict casualties, and displacement. Despite progress in renewable energy, more action is crucial for a just energy transition to achieve the SDGs by 2030.
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.
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ITC chairman's net remuneration in FY24 grew 80%, executive directors also got more
As the ITC chairman, I oversee a team of executive directors whose remuneration has significantly increased in FY24. The increments are linked to our financial performance and market competitiveness, with specific focus on performance bonuses, long-term incentives, and commissions.
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.
YES Bank board to consider fundraising via debt
YES Bank intends to raise funds through the issuance of debt securities, potentially including non-convertible debentures (NCDs), bonds, or Medium Term Notes (MTNs). The bank's board approved this fundraising plan during a meeting on Tuesday, where they also finalized the draft notice for the annual general meeting scheduled for August 23rd. YES Bank's shares have surged 50% over the past year, significantly outperforming the Bank Nifty index, which gained 21% in the same period.
CDS General Anil Chauhan visits Jammu, holds security review
A series of security review meetings have been held at various levels to further chart out a strategy to deal with growing terrorism in the Jammu region with a strong arm.
RSS seeks to quell suggestions of rift with BJP following Mohan Bhagwat's remarks
RSS denies rift with BJP, clarifying that Mohan Bhagwat's recent comments were not aimed at the ruling party. The annual coordination meeting with BJP and affiliates is scheduled in August. Bhagwat's remarks were misinterpreted, with RSS stating there's no rift and his speech was consistent with past post-election addresses. RSS dissociates from Indresh Kumar's comments on BJP's poll performance. RSS emphasizes its role in creating awareness, not campaigning, during elections. RSS expects to be part of the consultation process for appointing the new BJP president.
Sitharaman's budget next month to lay out economic roadmap of Modi 3.0
The economic agenda would include steps to fast-rack reforms to make India a USD 5-trillion economy in near future and turn the country into a 'Viksit Bharat' by 2047.
TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible
TSMC, a Taiwanese chipmaker, discussed moving its fabrication plants off the island amid tensions with China, but deemed it impossible due to 80-90% production capacity in Taiwan.
IEX, Infosys among 10 stocks in focus today ahead of AGM and stock split
IT giant Infosys declared a dividend of Rs 20/share along with a special dividend of Rs 20 per share. The record date for the same is May 31. The company's board meeting is also scheduled for today
Adani Energy Solutions to raise up to Rs 12,500 crore
Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, will raise up to Rs 12,500 crore through qualified institutional placement (QIP) or other permissible mode, the company said in a regulatory filing on Monday.
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.
Concor Q4 Results: Net profit rises 10% YoY to Rs 301.25 crore
Container Corporation of India Ltd (Concor) on Thursday posted a 9.88 per cent increase in consolidated net profit to Rs 301.25 crore for the March 2024 quarter. The company had reported a consolidated net profit of Rs 274.14 crore a year ago, Concor said in a regulatory filing.
Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs
Rising childbirth costs in India drive a surge in demand for maternity insurance, growing at 80% annually. PolicyBazaar data reveals 78% of policies are bought by men. Insurers see these policies as customer magnets despite expected claims. Factors like urbanization and increased C-sections contribute to the trend. Reliance General Insurance reports a 21.5% increase in C-section deliveries since 2016.
April-February fiscal deficit at 86.5% of revised annual target
Experts said the Centre would comfortably meet the downwardly revised fiscal deficit target for the fiscal. The fiscal deficit in absolute terms was revised down to ₹ 17.35 lakh crore or 5.8% of gross domestic product (GDP) from the earlier budget estimate of ₹17.87 lakh crore.
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.
Asian Cricket Council reappoints Jay Shah as president for a third term
Jay Shah's term as the president of the Asian Cricket Council (ACC) has been unanimously extended during the council's Annual General Meeting. This marks the second time Shah's term has been extended, and the decision was backed by all ACC members.
Global economy, trade moving towards normalisation, yet far from normal: Leaders at WEF
"We have been more optimistic about 2024, and I feel, we are moving towards normalisation, but I still don't see it returning to a normal fully," she said at a panel discussion on 'The global economic outlook' on the last day of the WEF Annual Meeting 2024.
Rejection of accounts by Delhi Gymkhana members raises questionsabout club's future
In a significant development, the government-appointed board overseeing the Delhi Gymkhana Club faced a setback as its attempts to secure Annual General Meeting (AGM) approvals for the club's audited accounts were met with strong opposition from the club members. This clash further intensifies the ongoing power struggle in the heart of Lutyens Delhi.
GroupM India chief Prasanth Kumar re-elected as AAAI president
Prasanth Kumar, CEO of GroupM Media India, has been re-elected as President of the Advertising Agencies Association of India (AAAI) for 2023–24. The election took place at the Annual General Meeting held on December 1. Rana Barua, Group CEO of Havas Worldwide India, was elected as Vice President, and Anupriya Acharya, Chief Executive of Publicis Group South Asia, will serve as an ex-officio member.
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.
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.
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