RELIANCE GENERAL
Nvidia's 700,000% return faces a succession test amid Huang's China spy affair
Nvidia's CEO Jensen Huang maintains a unique office structure that reflects his hands-on management style. With around 60 direct reports, he closely oversees company operations and decisions, even involving himself in employee compensation. Amid recent controversy over personal allegations, questions about Nvidia’s leadership succession have emerged. Huang, who co-founded the company, hopes a suitable successor will arise from within its ranks.
Iran shot down 260 US aircraft, captured 7 MQM-170 drones, building underground weapons facility: IRGC's spokesman details capabilities
Iran's IRGC has claimed that it shot down 260 hostile aircraft during the conflict initiated by the US and captured seven MQM-170 reconnaissance drones intact last week. The force has also highlighted how it is shifting missile and drone production underground while expanding indigenous manufacturing of missiles, drones and air-defence systems to reduce dependence on foreign suppliers.
Trump announces Task Force Iron Gate to choke off Iran's trade routes, enforce restrictions on weapons supplies
US President Donald Trump has announced Task Force Iron Gate to restrict the movement of weapons, dual-use technologies and sanctioned materials into and out of Iran. The initiative will operate alongside a US naval blockade that CENTCOM says has prevented Iran from exporting more than $25 billion in crude oil.
Israel's president offers Benjamin Netanyahu's rival Gadi Eisenkot opportunity to form new government
Israel President Isaac Herzog has tasked opposition leader Gadi Eisenkot with the first opportunity to form a government after the October 27 elections, bringing him closer to potentially unseating long-serving Prime Minister Benjamin Netanyahu. Eisenkot has six weeks to secure a parliamentary majority, but coalition talks face major hurdles, including divisions over Arab-led parties, religious factions and Netanyahu's political allies.
Cancer drug prices to fall by up to 96% from November 9; consumers set to save Rs 3,502 crore annually
Starting November 9, consumers in India will benefit from significantly reduced prices on 137 anti-cancer drugs. The government has capped trade margins on these medications, leading to an estimated annual savings of Rs 3,502.31 crore for consumers. Price reductions have been reported across 1,225 formulations, with some reductions exceeding 50 percent.
The great Indian biscuit battle begins: Can Reliance crack the code?
Reliance Consumer Products Ltd is set to foray into India's competitive biscuit market, with an aim to leverage affordable pricing and a wide variety of products to attract consumers. Industry leaders Britannia and Parle dominate the market, making it challenging for new entrants like Reliance's Independence.
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Britannia Industries plans further price hikes amid food inflation impacting margins and boosting rural demand
Britannia Industries is responding to persistent inflation by considering additional price hikes for its products. The company has already raised prices by 3.5% in the September quarter, but this only partially addresses rising costs. Increased competition from companies like Reliance Industries adds pressure on their pricing strategy and market share. Demand is improving, particularly in rural and semi-urban markets, which reflects changing consumption patterns.
Piyush Goyal sets March 2027 deadline for digitisation of DGFT services, aims to end physical visits
Commerce Minister Piyush Goyal has set March 31, 2027, as the deadline for complete digitisation of DGFT services, including licence, permit and SCOMET approvals. From April 1, businesses will no longer need physical visits to government offices for these services. The move also includes digitising historical records and simplifying procedures.
India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
Reliance Consumer expands Independence biscuit portfolio with nine variants
Reliance Consumer Products Ltd will launch an expanded Independence biscuit portfolio consisting of nine variants. These products aim to cater to evolving consumer preferences in Tamil Nadu and other markets. The new range will include unique offerings such as Power Up biscuits, combining milk, glucose, and protein. Increased production capacity is expected to enhance distribution through various retail channels.
Europe space chief heads to Gulf as bloc looks beyond US
The head of the European Space Agency will visit the United Arab Emirates to discuss collaboration. This meeting aims to reduce Europe's dependence on the United States for space exploration. The ESA hopes to establish a framework agreement with the UAE to strengthen its exploration initiatives. Additionally, discussions may include potential investments and participation in upcoming programs. European governments must first ensure adequate funding before pursuing international cooperation.
Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?
Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.
State-run general insurers to submit turnaround plans
State-run general insurers must submit board-approved plans to the government for reducing unprofitable business segments. The government aims to evaluate the performance of these companies based on a time-bound roadmap for organic solvency. Policies regarding better pricing, oversight, and structured reinsurance for risky insurance areas are also being emphasized.
Ex-Supreme Court judge to mediate row between government & RIL consortium over K-G gas
A bench comprising Chief Justice of India Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi referred the matter for mediation after attorney general R Venkataramani informed that the parties were unable to arrive at a "viable solution".
India aims to be globally competitive semiconductor powerhouse by 2047: MoD
India is working towards becoming a globally competitive semiconductor powerhouse by 2047 and focuses on next-generation technologies. The Defence Research and Development Organisation participated in the Emerging Science, Technology and Innovation Conclave 2026 themed 'Creative Minds, Catalysing Science, Empowering Society'.
SC appoints ex-judge Ranjana Desai as mediator in Reliance gas dispute
The Supreme Court appointed Ranjana Prakash Desai as the mediator to resolve a gas migration dispute. Reliance Industries and its partners are involved in a legal conflict with the government. The dispute revolves around gas extraction and allegations of unjust enrichment from ONGC's adjoining blocks. An earlier arbitration tribunal had ruled in favor of Reliance, rejecting the government's claims.
Redefining corporate leadership and enterprise growth with CFOs and CHROs
The role of CFOs and CHROs is shifting from basic management to high-level strategy. Today’s business leaders need to stay flexible and bridge the gap between their workforce’s potential and smart financial decision-making to drive real, lasting growth.
Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Vedanta explores Rs 80,000 crore investment in West Bengal, says Anil Agarwal
In a bold move, Vedanta Group's Anil Agarwal announced an investment strategy of Rs 70,000-80,000 crore in West Bengal, set to foster job creation for around 10,000 individuals. He conveyed confidence in the state's manufacturing potential and the necessity of leveraging local resources. This announcement came during a key meeting at Nabanna, highlighting Agarwal's commitment to positioning India as a manufacturing powerhouse on the global stage.
From Dhirubhai Ambani’s Rs 10 crore IPO to Akash Ambani’s Rs 12.5 lakh crore Jio debut: Reliance’s biggest wealth story
Jio Platforms’ Rs 12.5 lakh crore debut marks a new milestone in the Ambani family’s wealth creation journey, tracing Reliance’s evolution from its Rs 10 crore IPO in 1977 to a digital technology giant.
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy in debut trade
Jio Platforms made a blockbuster stock market debut, listing at a 21.3% premium over its IPO price of Rs 1,119 at Rs 1,358 on the BSE. With a market capitalisation of around Rs 12.5 lakh crore, it became India’s second-most valuable listed company after parent Reliance Industries, overtaking Bharti Airtel. The debut also made Jio India’s largest listed telecom company, placing it ahead of major players such as TCS, SBI and Bajaj Finance.
Ambani pulls off a blockbuster: Jio IPO makes 13 records, rewrites Dalal Street history
Jio Platforms celebrated a remarkable achievement with its IPO, raising Rs 30,188 crore and drawing an unprecedented wave of investor interest. Over 1.38 crore applications poured in, breaking previous records for both institutional bids and public participation in Indian IPOs. The shares were issued solely as new equity, reinforcing the strong appeal and confidence in the Indian market offerings.
Ambani bluechip bet gets bigger: Investors mark 82% of traded Jio shares for holding beyond listing
Jio Platforms saw nearly 82% of its traded volume marked for delivery on debut, with 10.66 crore shares carried into settlement out of 13.02 crore shares traded. The stock listed at a 21.36% premium to its IPO price, while Nomura, Motilal Oswal and Elara Securities initiated coverage with Buy ratings.
Isha Ambani says Jio IPO marks a promise, renews Dhirubhai Ambani’s trust with investors
Isha Ambani described Jio Platforms’ stock market debut as a promise to honour the trust of investors and customers, nearly five decades after Dhirubhai Ambani took Reliance Industries public. Jio’s Rs 30,200-crore IPO attracted over Rs 7 lakh crore in demand, with the stock listing at a 21.3% premium.
Jio Platforms Listing Today: Rs 30,213 crore IPO eyes strong debut on Dalal Street
JIo IPO Listing: In a landmark event, Jio Platforms' shares are set to launch in the stock market today after a historic IPO. The exceptional investor demand is underscored by a strong grey market premium, signaling optimistic initial pricing. Market analysts foresee that Jio's vast subscriber network and future expansion capabilities will drive further interest.
Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
Jio Platforms could overtake Bharti Airtel to become India’s second-largest listed company after its October 28 debut, with a 22% grey market premium implying a market capitalisation of Rs 12.5 lakh crore. Its Rs 30,213-crore IPO drew 22.2 times subscription, while brokerages highlighted growth opportunities in broadband, enterprise technology and AI.
Lifestyle inflation: Earning more, saving less? How to enjoy life without sacrificing your financial goals
Find out how lifestyle creep undermines wealth creation and how to enjoy a better standard of living without sacrificing your financial goals.
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