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The Economic Times
The Economic Times Reliance AGM: Mukesh Ambani sets a global goal for the oil-to-telco co
At the 47th Annual General Meeting, Reliance Industries Chairman Mukesh Ambani expressed aspirations for his company to rank among the top 30 globally. The firm, which has already joined the top 50 most valued firms worldwide, aims to advance despite a slight decline in net profit for the first quarter of 2024.
The Economic Times RIL AGM Highlights 2024: Mukesh Ambani's conglomerate to focus on AI-led development in India; key announcements here
RIL AGM 2024 Highlights: At its 47th AGM, Reliance Industries Ltd praised its business success and India's economic rise. Chairman Mukesh Ambani highlighted global uncertainty but expressed confidence in India's growth. The board will consider issuing bonus shares. Ambani shared the company's focus on technology and AI for future growth.
The Economic Times Reliance AGM 2024: Ambani predicts top-30 global status, highlights Jio’s innovations, and notes 1.7 lakh jobs created
At Reliance Industries' AGM 2024, Mukesh Ambani outlined the company’s resilience amid global challenges, revealed record financial performance, emphasized Jio’s growth as a global data leader, and projected entry into the world’s Top 30 companies.
The Economic Times Understanding India's revised tax clearance certificate regulations
Avnish Arora, Executive Director of Direct Tax at Forvis Mazars, clarifies the implications of the proposed tax clearance certificate amendment for Indian taxpayers, addressing key concerns and uncertainties.
The Economic Times Safex Chemicals Group appoints Kamal Gupta as Global CFO
Safex Chemicals Group has appointed Kamal Gupta as Global CFO, bringing over 22 years of financial expertise. His role will be pivotal in advancing the company's global expansion and strategic growth.
The Economic Times Gautam Adani replaces Mukesh Ambani as the richest Indian on Hurun list; Check full list here
With a wealth of Rs 11.6 lakh crore, Gautam Adani (62) and family replaced Mukesh Ambani and clinched the no.1 spot in the 2024 Hurun India rich list. The report says India minted a new billionaire every 5 days last year.
The Economic Times Reliance AGM: 2 big bangs and other issues that loom over RIL AGM
Reliance Industries' Annual General Meeting, scheduled for August 29, is highly anticipated. Investors are keen on updates regarding IPOs for Jio and retail businesses, along with announcements on the new energy sector. Key focus areas include earnings growth, operational efficiencies, and financial strategies that mark a significant transition phase for the conglomerate.
The Economic Times Reliance Retail awards Rs 351 crore worth of ESOP to leadership team ahead of IPO
Reliance Retail awarded ESOPs to director V Subramaniam, chief executive for grocery retail Damodar Mall, president and chief executive of fashion and lifestyle business Akhilesh Prasad, president and chief business officer of electronics retail Kaushal Nevrekar, group chief business operations Ashwin Khasgiwala and chief executive of fashion ecommerce platform Ajio Vineeth Nair.
The Economic Times SBI should become the best banker to Indians: New chief Challa Sreenivasulu Setty
State Bank of India chairman Challa Sreenivasulu Setty, appointed for three years, urges employees to elevate the bank into the most valued financial institution. He succeeds Dinesh Khara and aims to reinforce SBI's status as the 'Banker to Every Indian' and achieve service excellence. Under Setty's leadership, SBI aims for new milestones and strategic growth.
The Economic Times Sebi issues notice to Religare Ent's Rashmi Saluja
The investigation centres on trades conducted by Saluja last year on September 21 and 22, days before the Burman family's open offer for Religare Enterprises was announced on September 25, 2023.
The Economic Times NFRA and ICAI at odds over plan to sync audits with global norms
The National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domestic audit standards. ICAI fears the changes could concentrate audit work among large firms, impacting smaller practitioners. Meanwhile, other regulatory bodies have backed the new norms aimed at preventing corporate frauds.
The Economic Times States are also cautious on GST rate cuts: FM Sitharaman
Finance Minister Nirmala Sitharaman remarked that states are cautious about implementing GST rate cuts, aiming to protect revenue without imposing additional burdens on people. Discussions on revising GST rates are expected to begin in the GST Council's meeting on September 9.
The Economic Times IIHL raises concern over Rs 850 cr GST liability for implementation of RCap resolution plan
​Hinduja Group-owned IndusInd International Holdings on Wednesday contended before the National Company Law Tribunal that the GST liability of Rs 850 crore is a sticky issue in the implementation of Reliance Capital's resolution plan. Senior counsel Abhishek Manu Singhvi, representing IndusInd International Holdings, told the tribunal that it has received 7 approvals, including from the RBI and Sebi.
The Economic Times Bangladesh operations stabilised, people rejoin factory: Emami CFO
The company does not see a big impact on its overall business from the Bangladesh operations.
The Economic Times Blinkit seeing growth in smaller cities: Zomato CFO Akshant Goyal
Zomato's quick commerce platform, Blinkit, is expanding into smaller cities while continuing its focus on large metropolitan areas. Quick commerce platform’s growth in FY24 was primarily on account of addition of dark stores and products, Zomato chairman said.
