BUSINESS
Reliance hires 2.6L people in FY2022-23 as growth picks up
Reliance Group employed 2.62 lakh people in FY2022-23. Out of this, 1.8 lakh people joined in Retail, while 70,500 joined Jio.
Third year in a row RIL Chairman Mukesh Ambani draws no salary
In all these three years, Mukesh Ambani did not avail any allowances, perquisites, retiral benefits, commission or stock options from Reliance for his role as the Chairman and Managing Director.
Reliance continues to expand patents portfolio
Reliance spent over Rs 3,001 crore in FY23 towards R&D. This was 15 per cent higher than the R&D spending of Rs 2,608 crore in FY22.
Investments in country rose by 65% between 2014-15 and 2022-23
The government and private sector together invest in the economy, which is indicated by Gross Fixed Capital Formation (GFCF) in the Indian economy.
Investors await RBI monetary policy in the coming week
The week began on a positive note, with hopes of an end to the policy tightening era due to cooling inflation worldwide.
Musk says he doesn't care if drinking gallons of diet coke affects life
While one user said, "I love regular coke, sorry, not Elon Musk, diet coke taste too fake to me," another posted, "I've been a Diet Coke addict for twenty-five years. I'm still alive, lol!"
Centre defers import curbs on laptops, PCs till Nov 1
In a notification, issued late Friday night, the Directorate General of Foreign Trade (DGFT) announced that the restriction on import of certain category of laptops and computers will come into effect from November 1 onwards. Post November 1, no entity will be allowed to import laptops, computers, and related items without a license.
FPIs have turned sellers in Indian market after 3 months
During the last seven trading sessions FPIs sold stocks worth Rs 8,545 crore in the cash market. Sharp spike in the US 10-year bond yield above 4 per cent is a near term negative for capital flows to emerging markets, he said. During the last three months, FPIs have been sustained buyers in the Indian market having invested a cumulative amount of Rs 1,37,603 crore.
Cabinet clears telecom bill, likely to be introduced in Parliament next week
The bill proposes to enlarge the scope of telecommunication services by including OTT, Internet-based and satellite-based communication services, broadcasting, internet and broadband services within its ambit. This provision was, however, objected to by social media and technology companies, arguing that it could result in regulation of OTT communication applications.
SBI's Q1 profit zooms 178% YoY to Rs 16,884 crore
As per a regulatory filing, SBI announced that in the first quarter of FY24, it achieved a total income of Rs 108,038.83 crore (compared to Rs 74,988.57 crore in Q1FY23) and a net profit of Rs 16,844.29 crore (as opposed to Rs 6,068.08 crore).
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