Bengaluru: The quick commerce race is no longer mainly about reaching new neighbourhoods. It is becoming a fight over the same pincodes. India’s five largest operators added close to 900 dark stores between April and July this year, with Blinkit, Flipkart Minutes and Amazon Now leading the expansion, according to estimates by equity research firm…
HDFC Bank and Bharti Airtel emerged as the biggest gainers among India’s top-10 most-valued firms NEW DELHI: Despite a weak week for benchmark indices, four of India’s 10 most-valued companies added nearly Rs 93,000 crore to their combined market capitalisation, led by strong gains in HDFC Bank and Bharti Airtel.The combined valuation of Reliance Industries,…
Gorakhpur: Three students from Madan Mohan Malaviya University of Technology (MMMUT) secured Rs 45 lakh per annum packages from Amazon during the campus placement drive, while one student was offered Rs 21 lakh per annum by Engineers India Ltd (EIL). The university recorded its best-ever placement performance, securing more than 1,100 job offers from over…
RIL chairman Mukesh Ambani at AGM RIL 49th AGM: Reliance Industries chairman Mukesh Ambani on Friday presented an expansive vision for the next phase of growth at RIL, centred on artificial intelligence, satellite-based connectivity, clean energy initiatives and consumer-focused businesses. The announcement came as Jio Platforms submitted draft documents for what could become the largest…
Reliance succession plan on track, enters final leg MUMBAI: Mukesh Ambani, chairman of Reliance Industries, said the transfer of day-to-day management at the company is “almost complete”, signalling that the succession process at the energy-to-education conglomerate has entered its final stages. The 69-year-old told shareholders that his three children – Akash, Isha and Anant –…
As Jio Platforms moves ahead with what could become India’s largest-ever IPO, the company has flagged a wide range of risks spanning spectrum renewals, cybersecurity threats, artificial intelligence regulations, data privacy rules and intensifying competition that could affect its future growth and profitability.The digital services arm of Reliance Industries, led by billionaire Mukesh Ambani, filed…
The combined market capitalisation of eight of India’s 10 most-valued companies rose by Rs 1.90 lakh crore last week, with ICICI Bank emerging as the biggest gainer as equities rallied, reported news agency PTI.The gains came during a strong week for the markets, with the BSE Sensex climbing 1,284.61 points, or 1.73%, while the NSE…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL is deploying $15 billion annual operating cash flows with shorter monetisation cycles now the new norm. New energy and AI infrastructure flagged as key value drivers funded by existing businesses. Kutch land assets of 550,000 acres…
TNNGorakhpur: The ambitious Dhuriyapar Industrial Township, one of Chief Minister YogiA dityanath’s flagship projects, is set to be developed as Greater GIDA, with authorities preparing to launch the second phase of industrial land allotment covering more than 400 acres. The move comes amid growing interest from major corporate groups, including Tata Power and Reliance Industries.Spread…
Seven of India’s 10 most-valued companies saw their combined market valuation shrink by Rs 1.54 lakh crore last week, with Reliance Industries accounting for the biggest decline. The losses came during the holiday-shortened trading week in which the BSE Sensex fell 639.61 points, or 0.84%, while the NSE Nifty slipped 171.55 points, or 0.72%.Among the…
