Business News Highlights: Real-time Updates on the Latest from the World of Business, Stock Market, and More
Business News highlights Today: Reliance Industries (RIL) Chairman Mukesh Ambani addressed the 47th annual general meeting in Mumbai, where several key announcements were made. One of the major updates is that Reliance Industries will be considering a 1:1 bonus issue for its equity shareholders in the upcoming board meeting on September 5, 2024.
In addition to this, Reliance Jio has introduced new prepaid plans that offer Netflix subscriptions at higher prices. The plans now cost ₹1,299 and ₹1,799, providing Mobile and Basic subscriptions, respectively.
Furthermore, the online passport portal will be unavailable for maintenance until September 2, leading to rescheduled appointments for August 30.
Other updates include Reliance introducing a Jio offer where every user will receive 100 GB of free cloud storage, the validity of a transgender identity certificate as a valid document for PAN card applications, and the richest zodiac signs in India according to the Hurun 2024 Rich List.
The Hurun India Rich List also features Zepto’s Kaivalya Vohra as the youngest member at 21 years old with a net worth of ₹3,600 crore. Additionally, the list highlights the top 10 richest NRIs in the world, with 102 NRIs featured, 79% of whom are self-made.
Gautam Adani’s family wealth has seen a significant increase of 95% in one year, reaching ₹11.6 lakh crore, making him the richest Indian on the Hurun list, surpassing Mukesh Ambani. The Ambani family remains the most valuable family business in India, followed by the Bajaj family.
Other news includes TRAI seeking comments on fighting spam, the launch of new seven-seaters by Maruti Suzuki, Toyota, Hyundai, and others to meet the growing demand for utility vehicles, and Berkshire Hathaway becoming the first US non-tech company to cross $1 trillion in market cap.
OpenAI is set to launch the ‘Strawberry’ AI project this fall, which may integrate with ChatGPT, while TikTok faces a lawsuit in the UK by a content moderator alleging a toxic workplace environment. Additionally, a new Hindenburg report alleges accounting fraud by Super Micro Computer, causing a plummet in shares.
Stay tuned for more updates on the latest business news and developments.
