At the 48th Annual General Meeting of Reliance Industries Ltd (RIL), Chairman and Managing Director Mukesh Ambani laid out a sweeping roadmap for the conglomerate’s next phase of growth, spanning digital infrastructure, artificial intelligence, retail expansion, and clean energy transformation. The most anticipated announcement was the confirmation that Reliance Jio will go public in the first half of 2026, marking a major milestone in India’s telecom and digital services landscape. Jio IPO: A Long-Awaited Milestone
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Global oil prices declined on Friday as traders reacted to signs of weakening demand, particularly from the United States, even as supply-side risks and geopolitical tensions continued to support the broader market. Despite the daily pullback, both Brent and West Texas Intermediate (WTI) crude benchmarks are on track to close the week with modest gains. Market Snapshot Brent Crude (October delivery): Down 50 cents to $68.12 WTI Crude: Down 45 cents to $64.15 Weekly Performance:
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The Indian rupee fell sharply past the ₹88 mark against the U.S. dollar on Friday, hitting a historic low of ₹88.29 before stabilizing slightly at ₹88.12 following measured intervention by the Reserve Bank of India (RBI). This decline was triggered by escalating trade tensions, particularly the United States’ decision to impose an additional 25 percent tariff on Indian exports, effectively doubling the total duties to 50 percent. Key Drivers Behind the Decline The immediate cause
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Nvidia continues to dominate the AI landscape, reporting a 56% year-over-year revenue surge to $46.7 billion in its latest quarter. The company’s leadership in AI chipmaking has made it a cornerstone of the global tech ecosystem, even as it faces mounting geopolitical challenges. Record-Breaking Performance Data center revenue reached $41.1 billion, up 56% from last year. Nvidia recently became the world’s first $4 trillion company, reflecting its central role in powering AI infrastructure. CEO Jensen
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28August
US Tariffs: India Must Stand United and Resist Economic Bullying, Says Maruti Chairman RC Bhargava
In a strong and timely statement, Maruti Suzuki India Chairman R.C. Bhargava has called on the nation to stand firm and united in the face of the United States’ newly imposed 50% tariffs on Indian exports. Speaking at the company’s 44th Annual General Meeting, Bhargava described the move as a form of “economic bullying” and urged Indian industry and policymakers to respond with dignity and resolve. A Call for National Unity Bhargava emphasized that India
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