The Indian stock market experienced a surge today, with the Sensex and Nifty 50 reaching new record highs. This rally was fueled by strong performances from leading companies like Reliance Industries, Tata Motors, and ITC. Meanwhile, European markets also saw positive gains.
Reliance Industries Ltd (RIL) held its 47th annual general meeting (AGM) today, where Chairman Mukesh Ambani unveiled a series of exciting announcements. These included plans for a bonus share issuance, the launch of Jio-AI cloud with 100 GB of free storage, and a focus on digital and AI-driven growth. Ambani emphasized the company’s commitment to fueling India’s economic growth.
In other business news, Life Insurance Corp (LIC) of India received a Goods and Services Tax (GST) demand penalty notice of ₹ 605.5 crore for fiscal 2019-20. Similarly, the Shipping Corporation of India received a ₹ 160 crore GST demand notice for the same financial year.
The educational landscape in India received a significant boost with the UK’s University of Southampton becoming the first foreign university to establish a campus in the country under the new National Education Policy. The External Affairs Minister, S Jaishankar, formally handed over a Letter of Intent (LoI) to the University of Southampton, marking a milestone in international collaboration in education.
In the political arena, former Union minister Smriti Irani commented on the evolving political strategy of Rahul Gandhi, noting changes in his approach and communication style, particularly his focus on caste issues and his recent attire choices.
Reliance Industries’ AGM showcased various technological advancements, including the introduction of Jio Brain, an AI-powered platform, Home IoT devices, and the expansion of Jio’s cloud services. These innovations aim to enhance user experience and bring the benefits of technology to a wider audience.
