Before the AGM, Mukesh Ambani gave away ₹351 crores from Reliance. Mukesh Ambani, the world’s renowned businessman and head of the highly valuable Reliance Industries, is set to hold the company’s Annual General Meeting (AGM) today. This meeting is pivotal as Ambani might offer significant gifts to the company’s 3.5 million shareholders. Prior to the ...
The state-owned telecom company, MTNL (Mahanagar Telephone Nigam Limited), is facing a dire financial crisis that has led to serious repercussions for its operations. Recently, Union Bank of India took a significant step by freezing all of MTNL’s accounts due to unpaid debts, amplifying concerns about the company’s financial viability. Bank Freezes MTNL Accounts According ...
During the British Raj, India not only gained infrastructure such as railways and postal services but also lost many culinary delights that were taken back to Britain. Among these cherished items is the delectable ‘Mathura Peda.’ This famous sweet is crafted in a shop that has been in operation for over 160 years. Intriguingly, this ...
SEBI Raises Concerns Over IPO Trends: Investors Advised to Stay Cautious In recent times, the primary market has been buzzing with Initial Public Offerings (IPOs), with as many as five to six companies launching their offerings each week. This has prompted the Securities and Exchange Board of India (SEBI), the market regulator, to issue warnings ...
Vodafone Idea, one of India’s significant telecom providers, has been in turmoil since its merger, which once positioned it as the largest telecom player in the country. However, with the emergence of Reliance Jio and Airtel, it has found itself struggling to keep pace in a fiercely competitive market. Compounding its challenges is substantial debt ...
The Reliance Industries Annual General Meeting (AGM) is a significant event not only for the company but also for its stakeholders. Scheduled for today at 2 PM, Chairman Mukesh Ambani will address around 3.5 million shareholders. This AGM is expected to bring several important announcements, particularly regarding the possible IPO dates for the retail and ...
If you’re looking to make a profit from the stock market, this news could be of great interest to you. This week presents a promising opportunity for investors in initial public offerings (IPOs), with not just one or two, but six companies set to launch their IPOs. Among these, three issues belong to the main ...
The traditional 60:40 equity-to-bond portfolio has long been the cornerstone of asset allocation strategies worldwide. However, in recent years, senior market experts have urged investors to reconsider how they can build more flexible portfolios capable of withstanding market risks. This shift in thinking reflects a dynamic investment landscape that requires adaptability and foresight. The Advantages ...
The issue of road accidents has come under scrutiny as Union Minister Nitin Gadkari recently shared alarming statistics linking these incidents to the country’s GDP. This discussion is particularly timely as India positions itself to become the third-largest economy in the world, following its ranking as the fifth-largest. Staggering Impact on GDP According to Nitin ...
Introduction The Reserve Bank of India (RBI) Governor, Shaktikanta Das, recently highlighted the ongoing efforts to elevate the Unified Payments Interface (UPI) and RuPay to truly global standards. Addressing the Global Fintech Fest 2024, Das emphasized the importance of financial inclusion, digital public infrastructure (DPI), consumer safety, cybersecurity, sustainable finance, and the global integration of ...