BUSINESS
Rupee term loan document executed for GatiShakti rail corridor project in Chhattisgarh
The total debt exposure in this financial contract will be of Rs 1,349 crore.
Reliance invested over $150 bn in last 10 years, most by any corporate house in India
“In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals and achieved them”, Ambani said.
Today I see both my father Dhirubhai and me in Isha, Akash, and Anant: Mukesh Ambani
"I am happy to report to you that earlier today, the Board met and recommended the induction of Isha Ambani, Akash Ambani, and Anant Ambani into the Board of Directors of Reliance Industries Ltd. I can proudly say that they have earned their stripes through dedication, commitment, and hard work," he said at the company’s 46th AGM.
Crypto criminals steal over $10bn to date, despite crypto crime slowing down
According to data presented by AltIndex.com, crypto scammers and hackers stole more than $3.5 billion of cryptos in 2022.
Nifty snaps two-day losing streak to close at 19,306
The Nifty snapped a two-day fall to close with gains of 40 points at 19,306 levels. The broader market outperformed with the Nifty midcap 100 up 0.5 per cent while the Nifty smallcap 100 was up 0.7 per cent. The Sensex too broke a two-day losing streak as to rose 110 points or 0.17 per cent to close at 64,996.60.
Regulate bad AI use cases, not whole tech: IBM CEO Arvind Krishna
A strong proponent of AI and its future impact on certain repetitive and mundane human tasks, Krishna told IANS that some of the fears associated with AI are well-founded.
RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on Board of Directors
Their appointment will take effect from the date they assume office after approval by the shareholders.
Brightcom Group CMD, CFO quit after SEBI order
The resignations came after the SEBI order, which barred the company’s CMD and CFO from holding directorial positions.
August has been weak for global equity markets
This weakness has impacted all other markets including the Indian market where Nifty is down by around 2 per cent so far in August, he said.
OPPO pays 23% of its India sales to Nokia as per court order
According to sources, the Chinese company deposited 23 per cent as to Nokia from the sale of around 77 million devices in India since 2019, before the court-set deadline of August 25.
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