4 Of Top 10 Firms’ Mcap Dropped By Rs 96,606 Crore
Among India’s top 10 most valued firms, the Mcap of 4 firms, namely Tata Consultancy Services, HDFC Bank, ICICI Bank, and SBI declined by Rs 96,605.66. Among these companies, HDFC witnessed the sharpest loss, with its valuation dropping by Rs 37,025.46 to Rs 13,37,919.84 crore. The value of ICICI dropped by Rs 29,324.55 crore, and…
Vikas
JioHotstar Domain Dispute: The Reality Of Free Transfer
The Dubai-based siblings Jainam and Jivika are transferring the Jiohostar.com domain it to Reliance at no cost. They shared on the website, “Today, we write to you with mixed emotions. Our journey with jiohotstar.com is coming to an end, a journey that started with a simple act of kindness to help a young developer from…
Reliance And Nvidia’s Strategic Partnership In India
Chip behemoth Nvidia and Reliance Industries announced a partnership to bring an AI revolution to India. This move could significantly accelerate the country’s artificial intelligence capabilities. The announcement came during a fireside chat between Mukesh Ambani, the Reliance Chairman, and Jensen Huang, the CEO of Nvidia, at the Nvidia AI Summit 2024 held in Mumbai. …
Suryansh
Reliance Fires Back On TRAI’s Allocation Decision
According to the letter seen by Reuters, Reliance opposed the TRAI decision to allocate the home satellite broadband spectrum, a market that is poised to grow at a pace of 36% a year to reach $1.9 billion by 2030. The letter mentioned that the company argues that the regulator has wrongly concluded that the broadband…
Jai Anmol Ambani To Pay Fine To SEBI For Irregularities
The Securities and Exchange Board of India (SEBI) has fined Anil Ambani’s son, Jai Anmol Ambani, Rs. 1 crore for alleged irregularities in Reliance Home Finance. In the Reliance Home Finance matter, he failed to exercise due diligence while approving general-purpose corporate loans. Gopal Krishnan, the chief risk officer of Reliance Housing Finance, was also…
abhinav singh
BSE Declined By 1,181.84 points In Just 5 Days Due To….
Major Indian companies, including the Mukesh Ambani-led Reliance and Tata Group, lost over Rs 94,961 crore in valuation in just five days. Reliance’s market valuation fell by Rs 60,824.68 crore to Rs 19,82,282.42 crore, and TCS’s (Tata Consultancy Services) fell by Rs 34,136.66 crore to Rs 16,12,762.51 crore. However, these two are not the only…
CCI Gives Nod to $8.5B RIL-Disney India Merger
Competition Commission of India (CCI) gave a green signal to the merger of RIL and Disney India; according to Reuters, CCI approved the deal with modifications voluntarily submitted by the companies, though no further details were shared. They further mentioned that the companies are willing to give concessions, which include a commitment not to increase…
Chandan Kumar
Sensex Surge Boosts Top Firms Value By ₹95,522 Crores
In a recent turn of events, the Indian stock market registered a historic rise of 0.04% in a single day, and Sensex soared up by 0.80%, adding more than ₹95,522.81 crore to the market capitalisation of the most valued companies in India. Reliance and TCS are among the top gainers of the week. Tata Consultancy…
Vipin
Reliance Layoff Raises Economic Red Flags in India
India’s largest conglomerate, Reliance, announced an 11% reduction in its workforce, laying off 42,000 employees. According to Livemint, most of these employees were either contract workers or part-time employees. The company also hired 33% fewer fresh recruits than the previous year. RIL has recruited merely 1.17 lakh new recruits in this fiscal year. These changes…
Jio Finance Beta App Launched: All You Need To Know
Jio Financial Services launched a beta version of the Jio Finance app on Wednesday, 29 May 2024. With this app, Jio plans to offer UPI, digital banking, and loans on mutual funds. The app’s key features are instant digital account opening and streamlined bank management with the Jio payments bank account. This app also provides…
ABHYUDAYA MITTAL