The renowned global rating agency, Moody’s Ratings, has made a significant announcement regarding the economic growth of India that is sure to encourage further investments within the country. Recently, Moody’s revised its economic growth forecast for India for the year 2024, reflecting an optimistic outlook on the nation’s economy. Growth Projections for India’s Economy Moody’s ...
The Indian aviation sector is witnessing significant changes once again, particularly with the recent actions of IndiGo, the country’s largest airline. A co-founder of IndiGo has divested a portion of his stake in the company, leading to a substantial inflow of funds amounting to ₹9,549 crores. Stake Sale Details IndiGo is owned by InterGlobe Aviation, ...
The rise in electricity bills has prompted the Indian government to introduce the PM Surya Ghar Muft Bijli Yojana. This initiative aims to provide households with 300 units of free electricity per month. In a significant development, Reliance Industries, India’s largest company, is poised to play a crucial role in the successful implementation of this ...
In a recent address at the Reliance Industries Annual General Meeting (AGM), Mukesh Ambani, the Chairman and Managing Director of the company, refuted rumors of job cuts, asserting that the company had created a remarkable number of jobs in the past fiscal year. According to Ambani, Reliance has employed approximately 20 new workers every hour, ...
In the capital city of India, New Delhi, a noticeable dip in the prices of gold and silver has been observed. Conversely, on the New York Comex market, gold prices are witnessing an upward trend. Experts suggest that investors are exhibiting considerable caution ahead of the upcoming U.S. economic data. Furthermore, there are rumors that ...
Reliance Industries Ltd. (RIL), under the leadership of Chairman Mukesh Ambani, stands as the most valuable company in India, boasting a market capitalization exceeding ₹20 lakh crores. However, its contributions extend far beyond corporate success; Reliance plays a crucial role in augmenting the government’s treasury through substantial tax payments and investments. Over the past three ...
Isha Ambani, the head of Reliance Retail, has set an ambitious new target for the company. Isha Ambani, the beloved daughter of Mukesh Ambani, has announced a significant target for her retail business. During the 47th Annual General Meeting (AGM) of Reliance Industries, she addressed investors stating her goal is to double the company’s revenue ...
The long-awaited moment for Mukesh Ambani, Reliance Industries, and its 3.5 million shareholders has finally arrived. After a five-year wait, the year 2024 marked a significant shift during Reliance’s Annual General Meeting (AGM). This year, the company saw a notable increase in its shares, a welcome change compared to the stagnation and declines experienced since ...
India is witnessing a remarkable increase in the number of billionaires, with the Hurun India 2024 report indicating that a new billionaire has emerged every five days over the past year. Notably, India has crossed a significant milestone in billionaire rankings, surpassing the 300 mark for the first time. This signals a robust growth in ...
Since the launch of Reliance Jio in late 2016, the company’s Annual General Meetings (AGMs) have consistently been a platform for major announcements regarding Jio’s services. During the recent 47th AGM of Reliance Industries, Mukesh Ambani unveiled exciting new offerings aimed at enhancing the user experience for Jio subscribers. The latest addition is the launch ...