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Anil Ambani, once ranked as the sixth richest person globally, faces setbacks as the Supreme Court reverses an Rs 8,000 crore arbitral award in favor of a firm in his group, Reliance Infrastructure. The award, related to a concession agreement with Delhi Metro Rail Corp in 2008, now requires nearly Rs 3,300 crore repayment by Ambani's firm. This development adds to the financial challenges faced by his group amid debt restructuring.
The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.
Anant Ambani has detailed information about different animals, and he runs a shelter for distressed and injured animals in Jamnagar of Gujarat named as ‘Vantara’
Reliance-Tesla: Tesla is making strides towards entering the Indian automobile market, with talks of a potential joint venture with Mukesh Ambani's Reliance Industries to establish a manufacturing facility. The move aligns with India's push for electric vehicles, with attractive land proposals from states like Maharashtra and Gujarat.
Reliance had offered an undertaking – the commitment includes the deposit of a fixed commission of 2% from the licensing fee, to be deducted from the final tranche Reliance receives from Netflix, and 50% of the profits generated by the film Amar Singh Chamkila, Justice Sanjeev Narula said in his order last week.
Aditya Arora recommends buying Reliance at Rs 2970, stop loss Rs 2900, target Rs 3070. Cipla at Rs 1471, stop loss Rs 1430, target Rs 1540. He further says that "The whole cement pack and anything related to capital and infrastructure, heavy goods and anything related to realty, infrastructure is doing pretty well."
Reliance Jio's JioKrishi and JioGauSamriddhi IoT solutions revolutionize Indian agriculture. From improving crop yield to enhancing dairy farming practices, these devices benefit farmers by providing real-time data and insights for better decision-making.
Analysts anticipate Reliance Jio and Bharti Airtel, leading telecom operators in India, to witness moderate sequential growth in their fiscal fourth-quarter mobile revenue. This growth is primarily driven by robust broadband user additions, with no tariff hikes implemented. Conversely, Vodafone Idea (Vi) is expected to experience a decline in revenue due to persistent heavy customer attrition.
Sensex, Nifty fall 2 per cent each; dragged by auto, banks : Rashtra News Benchmark indices fell over 2 per cent today with Sensex falling over 1,200 points and Nifty trading below 17,400. The Sensex was down 1,221.49 points or 2.05 per cent to trade at 58,414. The Nifty was down by over 350 points or
Former Delhi police commissioner Neeraj Kumar has stated that VVIP inmates at Tihar jail, where Delhi Chief Minister Arvind Kejriwal was recently lodged, are a "big nuisance" for authorities due to "bladebaazi" and other attacks among prisoners. Kumar, who served as Director General of Prisons, said he had the privilege of taking care of the maximum number of VVIPs during his tenure at Tihar jail.