Page 42 - Equity Program News Today

In his New Year message to Tata Group employees, Chairman N. Chandrasekaran talks about leveraging technology, particularly AI, in 2024. HeReflecting on 2023, he celebrated the groups market capitalization growth, successful IPO of Tata Technologies, and initiatives like the Tata Transformation Prize for innovative research. Chandrasekaran drew spotlight on Indias successful Chandrayaan-3 mission and Rohit Sharma-led Indian cricket teams World Cup journey, emphasizing the valuable lessons for T...

Reliance Industries (RIL) aims to break into the worlds top 10 conglomerates, according to Chairman Mukesh Ambani. Addressing employees on Reliance Family Day, he emphasized the companys focus on digital platforms, artificial intelligence, and global leadership in various sectors, expressing confidence in achieving this ambitious goal.

Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has stated that the company will not become complacent and will strive to become one of the top 10 business conglomerates globally. He emphasized the need for continuous innovation and reinvention, aiming to consolidate a place among global leaders in digital data platforms and artificial intelligence adoption.

A total of 30 Memorandums of Understanding (MoUs) worth Rs 24,707 crore were signed in Gandhinagar ahead of the 10th edition of the Vibrant Gujarat Global Summit. The MoUs, mainly related to minerals, urban development, townships, chemicals, petrochemicals, and pharmaceuticals, are expected to generate employment opportunities for over 38,000 youth across various sectors in Gujarat.

The move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion of stressed asset value, said a senior official.

FEL is engaged in the business of manufacturing, trading, leasing of assets and logistics services. It used to develop, own and lease the retail infrastructure for Future Group. It also holds the groups investments in subsidiaries and joint ventures including in sectors like insurance, textile manufacturing, supply chain and logistics.

Vedanta has been paying hefty dividends over the past few quarters as it looks to support parent UK-based Vedanta Resources, which is currently looking at debt obligations of around $4.5 billion between now and March 2025.

Punit Renjen, the first Asian CEO of Deloitte, believes it is Indias century and that Indias growth needs to be inclusive. He now moves to German tech firm SAP as deputy chairperson and will take over as chairman next year. Renjen sees significant differences in India compared to the 1980s, including digital development and a mindset of Indias leadership role in the world. However, he emphasizes the importance of inclusive growth and not leaving behind underserved populations.

Edtech platforms including Emeritus, Coursera, upGrad, Simplilearn and Great Learning say they have seen a sharp uptick in the number of top executives—including CXOs—who are opting for upskilling to stay on top of things in a fast-changing business environment. Courses in generative AI, ChatGPT, machine learning, data science and business analytics and leadership skills are finding the most traction among senior leaders. Tech, tech services, BFSI and healthcare are the sectors with...

Vedanta Resources Ltd has extended the deadline for bondholders to express their agreement on the revised terms of the $3.2 billion bonds due between 2024 and 2025, pushing it back to January 2 from the initial deadline of December 27. VRL is seeking bondholders approval to amend the terms and covenants of its dollar-denominated bonds.