Category: Business

Business

Sensex, Nifty hit all-time high levels on rally in Reliance, Tata Motors shares

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Sensex, Nifty hit all-time high levels on rally in Reliance, Tata Motors shares

The 30-share BSE Sensex jumped 349.05 points or 0.43% to settle at an all-time closing high of 82,134.61, extending its winning momentum to the eighth day in a row. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday (August 29, 2024), driven by a rally in…

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Business

Reliance to commission first solar giga-factory this year

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Reliance to commission first solar giga-factory this year

Reliance Industries Ltd plans to commission its first solar giga-factory this year. File | Photo Credit: PTI Reliance Industries Ltd, India’s most valuable company, plans to commission its first solar giga-factory this year as part of a pivot towards green energy, its chairman Mukesh Ambani said on Thursday (August 29, 2024). The solar giga factory…

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Business

Gautam Adani surpasses Mukesh Ambani to become richest Indian according to 2024 Hurun India Rich List

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Gautam Adani surpasses Mukesh Ambani to become richest Indian according to 2024 Hurun India Rich List

Combination image of Mukesh Ambani and Gautam Adani. File | Photo Credit: ANI Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95% to ₹11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday. Reliance Industries Chairman and Managing…

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Business

Mukesh Ambani at RIL AGM: Reliance Industries to consider 1:1 bonus in its Sept 5th board meeting

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Mukesh Ambani at RIL AGM: Reliance Industries to consider 1:1 bonus in its Sept 5th board meeting

Chairman of Reliance Industries Limited Mukesh Ambani. | Photo Credit: PTI Reliance Industries announced that its Board of Directors will be meeting on September 5, 2024, to consider a 1:1 bonus issue for its equity shareholder, the company informed the exchange in a filing on Thursday (August 29, 2024). This means that for every share…

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Business

Dubai airport refuses to check-in SpiceJet passengers over airline dues

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Dubai airport refuses to check-in SpiceJet passengers over airline dues

Mumbai airport issued an advisory to SpiceJet’s passengers about a likely disruption to their flights and later withdrawn. File | Photo Credit: The Hindu “SpiceJet’s passengers at Dubai airport on Thursday (August 29, 2024) were barred from checking-in over the airline’s failure to clear airport dues,” said multiple industry sources. This forced the airline to…

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Business

TRAI proposes tighter rules for spam calls, messages

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TRAI proposes tighter rules for spam calls, messages

TRAI issued a consultation paper proposing certain amendments to its anti-spam regulations. File | Photo Credit: The Hindu The Telecom Regulatory Authority of India (TRAI) on Wednesday (August 28, 2024) issued a consultation paper proposing certain amendments to its anti-spam regulations, even as the regulator struggles to keep up with a renewed flood of fraudulent…

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Business

Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

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Adani Group to invest ₹3,500 cr. in Madhya Pradesh’s Gwalior-Chambal region

Madhya Pradesh Chief Minister Mohan Yadav along with Union Minister Jyotiraditya Scindia, state Assembly Speaker Narendra Singh Tomar, Adani Ports & Special Economic Zone Ltd CEO Karan Adani and other dignitaries inaugurate Regional Industry Conclave, in Gwalior on August 28, 2024 | Photo Credit: ANI The Adani Group has proposed to invest ₹3,500 crore in…

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Business

Rupee rises 9 paise to 83.88 against U.S. dollar in early trade

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Rupee rises 9 paise to 83.88 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.92, then gained ground to touch 83.88, registering a rise of 9 paise from its previous close. File | Photo Credit: The Hindu The rupee appreciated 9 paise to 83.88 against the U.S. dollar in morning trade on Thursday (August 29, 2024), supported by…

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Business

Markets decline in early deals; trade marginally higher later

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Markets decline in early deals; trade marginally higher later

Bombay Stock Exchange (BSE) building. | Photo Credit: PTI Equity benchmark indices declined in early trade on Thursday (August 29, 2024) amid weak trends from global markets but soon turned positive and were trading marginally higher. The 30-share BSE Sensex declined 102.78 points to 81,682.78 in early trade. The NSE Nifty dipped 34.85 points to…

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Business

Judicial reforms strain Mexican-U.S. ties, spook investors

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Judicial reforms strain Mexican-U.S. ties, spook investors

Vox populi: Judges would be elected by popular vote under the new judicial reforms. | Photo Credit: AFP Controversial judicial reforms promoted by Mexico’s outgoing president are straining diplomatic relations with the United States, its neighbor and key trading partner, while also rattling financial markets. U.S. Ambassador to Mexico Ken Salazar has warned that the…

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Business