Get caught up on the most important news events happening today, October 14. From Reliance Industries’ Q2FY24 results and the Army Chief’s visit to Japan to the hearing of the RG Kar doctor rape case and petitions against Adani Group in Sri Lanka, this article summarizes the key developments you need to know.
A heartwarming video of Mukesh Ambani inviting his son-in-law, Anand Piramal, to join a family photo session at the Nita Mukesh Ambani Cultural Centre (NMACC) has gone viral, showcasing the close bond within the Ambani family.
This news roundup covers a range of topics from India, including the stock market’s performance, Reliance Industries’ bonus issue, the ongoing conflict between Muhammad Yunus and Sheikh Hasina, outrage over the Kolkata doctor’s murder, and more.
Today brings a flurry of exciting news across various sectors. Investors have the opportunity to participate in the IPOs of Shree Tirupati Balajee Agro Trading and My Mudra Fincorp. Raymond Lifestyle, a demerged entity of Raymond Ltd, starts trading today. Reliance Industries’ board is set to consider a possible bonus share issuance. Meanwhile, Kolkata Metro expands its Blue Line services and the MCC opens Round 2 registration for NEET UG Counselling 2024. It’s also Happy Teachers’ Day in India!
This week saw a flurry of activity in India, from Reliance Industries’ record-breaking AGM to the tragic Kolkata doctor rape case. The week also witnessed political drama, legal developments, and sporting triumphs, making for a compelling news cycle.
Today’s news highlights the Indian stock market’s record highs, Reliance Industries’ major announcements at their AGM, and various other developments across business, politics, and education.
This news roundup covers key events from India, including the Nifty 50 reaching a new all-time high, the CCI approving the Reliance-Disney India merger, and President Droupadi Murmu’s statement on the recent rape-murder case in Kolkata. Additionally, we explore other important developments like the government’s plans for industrial smart cities and Zomato’s new corporate food ordering service.
Reliance Industries, India’s most valuable company, plans to begin construction on its first solar giga-factory this fiscal year as part of its commitment to net-zero carbon emissions by 2035. The facility will produce various components for solar panels, including polysilicon, glass, wafers, ingots, cells, and modules. This move signifies Reliance’s ambitious plans to become a leader in the renewable energy sector.
Reliance Industries, a major Indian conglomerate, has reportedly cut 42,000 jobs, or 11% of its workforce, during the 2023-24 fiscal year. The layoffs, concentrated in the retail sector, have raised concerns about the economic impact and the lack of public discussion surrounding this significant event.
Reliance Industries Ltd. (RIL) has reduced its workforce by 42,000, or 11%, in the 2023-24 fiscal year, prompting concern from entrepreneur Anupam Mittal about the state of the job market. The company aims to improve cost efficiency, particularly affecting the retail division. While RIL’s annual report highlights a decrease in new hiring, analysts suggest the move is part of a strategic shift towards optimizing operations. Mittal, however, emphasizes the severity of the job cuts for the overall economy, underscoring the need for a comprehensive plan to address job creation.
