The banking sector is witnessing a significant shift as institutions increasingly embrace sustainability. Gone are the days when plastic money ruled the financial landscape; banks are now phasing out plastic cards in favor of innovative ‘metal money’. Major banks like SBI (State Bank of India) and HDFC Bank are at the forefront of this transition, ...
Introduction In a remarkable announcement during the 47th Annual General Meeting of Reliance Industries Limited (RIL), Chairman Mukesh Ambani declared that India has become the world’s largest internet consumer, primarily due to the groundbreaking advancements and reach of Reliance Jio. With an impressive customer base exceeding 490 million, Jio has not only transformed how Indians ...
The Ministry of Finance has announced a significant decision regarding joint accounts and nominations, affirming that there are no restrictions on individuals from the LGBTQ community opening joint bank accounts or designating a partner in a same-sex relationship as a nominee. This development has been celebrated as a step toward inclusivity and acknowledgment of diverse ...
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 ...