Reliance

Reliance and Nvidia Partner to Build AI Infrastructure in India: Jensen Huang

Reliance Industries and Nvidia are joining forces to build AI infrastructure in India, announced Nvidia CEO Jensen Huang on October 24. During a conversation with RIL chairman Mukesh Ambani, Huang expressed his enthusiasm for the collaboration, calling it a remarkable opportunity for India, given its large population and vast pool of computer engineers. “This is…

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Dividend

Unveiling RBI’s Revised Norms: Eligibility Criteria and Board Oversight for Bank Dividend Declarations

The Reserve Bank of India (RBI) has taken a significant stride in shaping the landscape of dividend declarations by banks. In a recent development on January 2, the RBI released draft norms, offering a comprehensive framework outlining the eligibility criteria and guidelines for board oversight in the process. Evolution of Guidelines Previously, banks declared dividends…

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Yields

Rising US Yields: Implications for Global Equities Amid Economic Uncertainty

Investors on Alert: Unexpected Inflation Surge and Slow GDP Growth Raise Concerns Economic Uncertainty Triggers Global Market Anxiety Global markets are on edge as increasing US Treasury yields signal potential economic challenges amidst mixed data releases. Last night’s nearly 400-point drop in the Dow Jones Industrial Average emphasized investor apprehension, highlighting worries about a combination…

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Stock Market

Stock Market Outlook: Trading Strategy for the Week Ahead

The Indian stock market witnessed a remarkable rebound last week, with benchmark indices Nifty and Sensex surging over 4%. This sharp rise was fueled by improved investor sentiment, increased foreign inflows, and favorable global factors. According to Ajit Mishra, SVP of Research at Religare Broking Ltd., while market sentiment remains positive, investors should exercise caution…

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Competitors

Groww Surpasses Competitors in Market Share Growth

Groww, the prominent investment platform, has experienced significant growth, outpacing its competitors in market share expansion and investor acquisition. According to recent data from the National Stock Exchange (NSE), Groww’s active investor base surged to 9.5 million in March 2024, marking a remarkable 77.5 percent increase compared to the previous year. This surge propelled Groww’s…

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Reliance

Reliance secures government approval for the transfer of Viacom18’s non-news and current affairs TV channel licenses to Star India.

This is a significant step in the merger between Viacom18 and Star India, Disney’s Indian unit, to form India’s largest television and digital streaming entity. On February 28, 2024, Reliance Industries Limited (RIL) first announced the merger plan, with the Competition Commission of India (CCI) granting approval on August 28, 2024. The National Company Law…

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