As per data sourced from the Department for Promotion of Industry and Internal Trade (DPIIT), the sector accounted for 3.6% of the overall FDI inflow of ₹31,720 crore during the period.

One of the world's largest industrial real estate developers, Panattoni, plans to invest over Euro 100 million in the Indian market, aiming for a total built-up area of 7-8 million sq ft by the end of the next fiscal year. The company has acquired 18 acres of land for its first project in India, with Phase 1 covering 717,000 sq ft and an expected completion by January 2025.

While giving a clean chit to both the operators on the predatory pricing complaint by Vodafone Idea, the regulator has concluded that the tariffs are not below costs as alleged by Vodafone Idea, officials familiar with the matter told ET. They added that Vodafone Idea itself has been offering unlimited 4G data. Trai's directive to Jio and Airtel means that both the players can continue to offer unlimited 5G data but would need to explain the terms and conditions in a more elaborate way.

Securities Appellate Tribunal (SAT) has overturned the decision made by the Securities and Exchange Board of India (Sebi) against Mukesh Ambani and his company Reliance Industries (RIL). The order accused them of engaging in trades that influenced the prices of Reliance Petroleum (RPL) stock back in 2007. SAT has revoked the penalties imposed on RIL, Ambani, Navi Mumbai SEZ, and Mumbai SEZ, which amounted to a total of Rs 70 crore.

In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.

Global energy agencies (such as IEA and EIA) are forecasting a strong trajectory for oil prices in 2024, despite the recent demand-related concerns.

Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.

Although China and India have expressed endorsement for the threefold increase in renewable energy by 2030, neither of them formally supported the comprehensive pledge on Saturday. This commitment involves scaling up clean power alongside a decrease in the utilisation of fossil fuels. The pledge called for phase down of unabated coal power and putting an end to the financing of new coal-fired power plants.

“For the first mission we have selected four of them, and it is our endeavour to send them at least by 2025 to space and bring them back safely. Bringing them back safely is a very important element of this mission,” Somanath said while addressing graduating students at the 11th convocation of Pandit Deendayal Energy University (PDEU).

Speaking at the convocation of Pandit Deendayal Energy University (PDEU), Mukesh Ambani, who heads the nation's most valuable company Reliance Industries Ltd, said the Indian economy will become a USD 40 trillion economy by 2047 from the current USD 3.5 trillion. "And to fuel this growth, the country will need enormous amounts of energy - clean, green energy that won't choke mother nature for the sake of human progress," he said. "In fact, India's energy requirement is set to double just by the end of this decade."

Appario Retail reported a marginal rise in profit for FY23 at Rs 84 crore against Rs 82 crore in FY22, according to its regulatory filings with the registrar of companies sourced from business intelligence platform Tofler.

"Average Ebitda net leverage should improve slightly to 1.9x-2.0x (FY23: 2.1x), as strong Ebitda growth supports deleveraging, despite higher 5G capex. However, we believe FCF generation will remain limited on high 5G capex investments of 35% of revenue (FY23: 37%)," Fitch said.

TM Forum, with Reliance Jio, inaugurates the TM Forum Innovation Hub in Mumbai, prioritizing Generative AI, Large Language Models, and Open Digital Architecture development. Located at Reliance Corporate IT Park, it houses diverse telecom and tech talent. Akash Ambani highlights industry-transforming solutions. The focus includes AI application for telecom use cases, Open Digital Architecture, fostering rapid collaboration among industry professionals. The program aims to conclude its pilot phase by March 2024.

The resumption in trade between the OPEC producer and what it was its second largest destination for oil exports comes after Washington in October temporarily lifted sanctions banning Venezuelan oil exports, prompting a flurry of spot sales of crude and fuel through middlemen and traders, mostly to China.

Reserve Bank of India (RBI) and Bank of England (BoE) on Friday signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Clearing Corporation of India Limited (CCIL).

Orhan Awatramani, who is famously known as 'Orry' left everyone shocked after revealing that he earns nearly Rs 20-30 lakh for selfies with celebrities. The influencer who went viral for his outings with star kids and many celebrities in Bollywood, he made a recent appearance at reality tv show hosted by Salman Khan 'The Bigg Boss.'

India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.

According to a report on algo trading by the National Institute of Financial Management (NIFM), 80% of the algorithmic orders are generated from the co-location of NSE and BSE.

The telco's imminent move is the likely trigger for its key promoter company, Bharti Telecom (BTL), to set in motion plans to raise around '8,000 crore (under $1 billion) in multiple tranches via NCDs (non-convertible debentures). "BTL, which owns 38.75% in Airtel, is likely to use the funds raised to subscribe to its balance entitlement in the telco's near '21,000-crore rights issue that had closed just over two years ago," a person aware of the matter told ET.

"There aren't a lot of accessible luxury fashion labels in India so we think it's time to be pioneering," said SMCP CEO Isabelle Guichot, citing India's wealth and growing population of younger generations among reasons for entering the country.

Fashion group SMCP, owner of French fashion labels Sandro and Maje, said on Thursday it signed a deal with Reliance to expand into India and will join other high-end European brands opening stores in the Jio World Plaza mall in Mumbai.

“If you failed to get allocations in IREDA, I would suggest doing a SIP for the next six months. Buy some now, buy some on declines and keep buying every month. It depends on your duration as an investor. The short-term traders will have made a killing. But the longer-term play is still to be invested in power lenders because they have never had it so good.”

From the Sensex pack, UltraTech Cement, Kotak Bank, Sun Pharma, M&M, and L&T opened with gains, while Asian Paints, NTPC, Tata Steel, Reliance Industries, and Infosys opened with cuts.

The Federal Retirement Thrift Investment Board earlier this month said it is shifting the benchmark for its fund to the MSCI All Country World excluding the US, China, and Hong Kong markets from the current MSCI Europe, Australasia, and Far East (EAFE) Index.

Analysts at JPMorgan turned bullish on the telecom-to-oil conglomerate, saying that most of earnings cut for RIL were now behind

Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up.

Bharti Airtel's selling and distribution (S&D) costs are nearly four times higher than those of Reliance Jio, with S&D expenses accounting for 8% of revenue compared to Jio's 2%, according to CLSA estimates. Bharti Airtel's higher S&D spend and branding efforts are seen as crucial for sustaining its premium average revenue per user (ARPU), which is 12% higher than Jio's.

Netweb Technologies said that it is now a manufacturing partner for the Nvidia Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.

Both Bharti Airtel and Reliance Jio offer Netflix subscription with few selected plans. Read to know more.

A health ministry statement on November 26 said that the Government of India is closely monitoring the situation and indicated that there is no need for any alarm. The report said that China supplies more than 90 per cent of laptops and produces most components in-house. The same applies to washing machines, solar PV cells and EV batteries.

The government plans to significantly increase tur dal procurement from a few metric tonnes to 8-10 lakh metric tonnes to control prices amid reduced acreage and expected low production. Tur dal retail prices rose over 40%, from Rs 112 to Rs 158 per kg. Despite efforts to boost imports by removing import duty on tur, retail inflation in pulses surged to 18.79% YoY in October.

Remote work gives you some advantages like commute-related stress reduction, the sweet cadence of work-life balance, yet there are some issues like isolation, blurred boundaries, and challenges in roles demanding a physical presence.

Nita M. Ambani said, "We are thrilled to welcome Hardik back home! It's a heartwarming reunion with our Mumbai Indians family! From being a young scouted talent of Mumbai Indians to now being a team India star, Hardik has come a long way and we're excited for what the future holds for him and Mumbai Indians!"

China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there.

Brent, the world's best known benchmark for the raw material that is converted into fuels like petrol and diesel in refineries, is trading at USD 80 per barrel. As per the pricing in the term contracts, ONGC would get USD 80 plus USD 0.8 for the oil it will sell to HPCL and BPCL.

Dubai has achieved another record-breaking feat with the Mohammed bin Rashid Al Maktoum Solar Park, spanning 122 square kilometers and symbolizing the city's commitment to becoming carbon-neutral by 2050. This ambitious solar project underscores Dubai's penchant for large-scale endeavors, contrasting with its reputation for excesses like towering buildings and vibrant nightlife.

The government on Saturday announced compulsory blending of compressed biogas, which is extracted from municipal and agriculture waste, in natural gas to cut reliance on imports. Initially, 1 per cent of biogas will be blended in gas used in automobiles and household kitchens for cooking from April 2025, a government statement said. The share will be increased to around 5 per cent by 2028.

The Indian government announced plans to commence the blending of compressed biogas with natural gas. This strategic move aims to bolster domestic demand and reduce dependence on natural gas imports. The initiative reflects the country's commitment to sustainable energy practices and aligns with efforts to enhance energy security by incorporating environmentally friendly alternatives into the energy mix.

Recent research reveals that prolonged video conferencing can lead to increased fatigue, reduced attention, and physiological strain on the heart.

Drugs for four of these diseases -Tyrosinemia Type 1, Gaucher's Disease, Wilson's Disease and Dravet-Lennox Gastaut Syndrome - along with sickle cell Anemia have been approved and are being manufactured indigenously.

The Covid pandemic shifted attention away from climate change for a while. But global economic slowdown also led to a slowdown in global emissions increases. But with global recovery underway, emissions have resumed with equal fervour. IPCC's latest grim assessment of progress on climate action is that world temperatures have already risen by 1.1° C, and could breach 1.5° C increase before 2030, unless global emissions fall by 43%.

A top Rajasthan government official confirmed that Vi provided majority of the mobile connections under the state's Indira Gandhi Smartphone Yojana (IGSY) initiative, with the remaining coming from state-run Bharat Sanchar Nigam (BSNL).

As per officials aware of the details, OneWeb has told the Department of Telecommunications (DoT) that since the company recently merged with France's Eutelsat, it needs more time to provide the network details.

Banks and NBFCs should ensure that credit growth at the overall, sectoral, and sub-sectoral levels remain sustainable and all forms of exuberance are avoided; credit risk should also be priced properly. Lenders are relying on ALM mismatch to sustain margins through overreliance on short-term bulk deposits.

India, a major oil and chemical importer, has discussed enhancing preparedness for oil spill disasters in its waters. The Indian Coast Guard, major ports, and petroleum companies discussed the National Oil Spill Disaster Contingency Plan (NOS DCP) at the 25th meeting in Gujarat's Vadinagar coast.

Reliance Jio and Bharti Airtel escalate rivalry as Bharti-backed OneWeb India, a part of Eutelsat Group, secures IN-SPACe approval for satellite broadband services. The milestone, following OneWeb's merger with Eutelsat, marks the first nod in India. IN-SPACe's approval is crucial for satellite service providers, enhancing competition in India's telecom sector.

"BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJios planned IPO to serve as a further catalyst for BUY-rated Bharti stock," CLSA analyst Deepti Chaturvedi said.

Many industrial families of today would have started businesses at times of economic and political challenges during the 60s to the 80s.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1615882.15 Crore) operating in Diversified sector.

#RELIANCE https://front.page/chartbusters/221635928Only for education purpose

India's Non-Banking Financial Companies (NBFCs) are expected to see moderate growth of 16-18% in the current fiscal due to slower expansion on unsecured retail loans due to recent regulatory measures issued by the Reserve Bank of India. Assets Under Management (AUM) of NBFCs are set to log a healthy 14-17% growth next fiscal, driven by continued strong credit demand across retail loan segments.

RBI had mandated Jio Financial to undertake the conversion exercise while giving its approval for change in the shareholding pattern and control of the company pursuant to the demerger of the financial services business from Reliance Industries Limited (RIL).

Both companies are in a prime position to benefit from the nation's infrastructure push. In the near-to-medium term, companies have enough legs to grow up to 2x GDP.

A shorter listing timeline has also discouraged NBFCs from the IPO carry trade. These changes are all for the good after a cocktail of low interest rates, uncapped leverage, and a pipeline of fancily valued IPOs made it an easy pitch for dumping stocks immediately after listing.

The RIL chairman added that with the rapid rollout of JioFiber (wired broadband) and Jio AirFiber services (the companys 5G-based fixed wireless access service), every home in West Bengal would be converted into smart homes very soon.

Gold is expected to find support at Rs 60,580-60,460, and resistance at Rs 61,010-61,230. Silver may have support at Rs 72,250-70,880, and resistance at Rs 73,870-74,430, Rahul Kalantri of Mehta Equities said.

#RELIANCE ALL TF

China faces an electric vehicle subsidy investigation by the European Union and a looming probe into its steelmakers. Meanwhile, several European countries have complained about China's opaque laws and rules regarding foreign companies in the country.

SoftBank, which floated a little less than 10% of Arm shares in the IPO, had ¥6.7 trillion ($45 billion) in cash and cash equivalents as of end-September. That cash piles prompted a flurry of new investments by SoftBanks billionaire founder Masayoshi Son, as well as talks with OpenAIs ousted co-founder Sam Altman about helping to fund a possible chip startup.

The company may look to raise 50 billion rupees ($600.6 million) to 100 billion rupees through the issue and may tap the market in the last quarter of this financial year, the bankers added.

More than 35 VC firms and some 15 tech sector companies have voluntarily signed up for Responsible AI Commitments

"Mukesh Ambani is likely to attend this year's BGBS. Other industrialists such as Sanjeev Goenka, Sanjeev Puri, Purnendu Chattopadhyay, Harshvardhan Neotia and Sajjan Jindal will be present," an official said.

​On November 18, Isha Ambani and her husband Anand Piramal threw a grand country fair-themed party for the occasion. The event was held at Jio World Garden in Mumbai.

A senior official at India's telecom market leader told ET that the laptop will be a "dumb terminal" with all the storage and processing on the Jio cloud, which will help slash the cost of ownership from roughly ₹50,000 at present while allowing users to access all the services at a faster speed.