Investing

RIL 43rd Annual General Meeting Live Updates, Mukesh Ambani Live

The 63-year-old Mukesh Ambani has used the AGM as a platform to announce plans that would shape the company’s future growth.

RIL’s 43rd Annual Meet Live Updates: Mukesh Ambani will address Reliance Industries Limited’s (RIL) Annual General Meeting in less than an hour from now, the company’s 43rd such meet with shareholders since its initial public offering. With businesses ranging from oil to telecommunications to healthcare and financial services, RIL is the biggest private company in India, with a market capitalization of Rs 12.28 lakh crore. In the AGM, Mukesh Ambani is expected to announce how the company will

No coronavirus layoffs at Wipro, assures Rishad Premji; says firm is risk-free from H-1B visa ban

Rishad Premji said that Wipro is risk-free from H-1B ban as it has hired nearly 70 per cent employees in the US from that country itself.

Even as many IT firms lay off employees amid the ongoing crisis, Wipro has assured that neither it has laid off any employee so far, nor it will lay off anyone in the coming times. However, the company has planned for cost reductions through various operational means to survive through the crisis, Wipro Chairman Rishad Premji said at the company’s 74th annual general meeting (AGM). While most of the employees across various firms are

BSE sees more listings ahead on its Startups platform; partners with IIT Alumni Council to ease process

BSE Startups platform has five startups listed so far with a market cap of Rs 82.71 crore.

Startups looking to raise capital from venture capital (VC) and private equity (PE) investors to fuel their growth may now find listing as an attractive alternative route to secure capital. BSE on Monday announced signing a memorandum of understanding (MoU) with IIT Alumni Council to encourage listing culture among startups and develop a ‘high investor depth’ startups platform. The council, which is a global body of IIT alumni, students and faculty across 23 IITs, will work towards bringing in transparency, governance improvement, market

Restaurants open but grapple with decreased sales, few dine-in customers

The 10 PM deadline will further hurt business.

Restaurants across Delhi may have reopened their doors a month ago after being allowed to resume their business post the COVID-19 lockdown, but are still grappling with decreased sales, staff shortages and few dine-in customers. Due to the COVID-19 restrictions, many restaurants have not commenced dine-in facilities and are relying on takeaways to drive their business.

According to Rohit Aggarwal, director, Lite Bite Foods, post ‘Unlock’, the situation has not been “very motivating, walk-in numbers are extremely low and the operational cost is soaring”.

“The highest number of dine-in guests we have

RBI Governor Shaktikanta Das decodes why banks are rushing to raise capital; warns NPAs set to rise

Shaktikanta Das said that the RBI worte to banks and other financial institutions in March this year asking them to have plans in place to ensure continuity of business and have mechanisms in place to deal with emerging challenges.

Decoding why a large number of lenders have been rushing to raise capital, Reserve bank of India (RBI) Governor Shaktikanta Das, today said that the central bank asked lenders to chalk out plans and keep adequate capital ready to deal with any shocks that come up owing to the coronavirus pandemic. Shaktikanta Das said that the RBI wrote to banks and

TikTok removed 1.65 crore made in India videos from platform before ban; here’s why

TikTok has said in its Transparency report that it received 500 requests in the latter half of the last year.

TikTok has released its Transparency Report 2020 and there are some stark revelations. The report suggests an unprecedented number of requests from the government and security authorities across the world and in India. According to the report, the ByteDance-owned social media entertainment app removed 1.65 crore videos in India in the last one year. The Chinese behemoth that now has been banned in India for security concerns has said that a majority of the videos were taken down from the

Lava Z61 Pro “made in India” phone launched for Rs 5,774; all details here

The dual-SIM phone packs a 3,100mAh battery.

Days after announcing its “Design in India” contest, homegrown brand Lava has launched an entry-level phone called the Z61 Pro in the country. As expected, Lava is hyping the product’s “made in India” credentials, and also its affordable pricing. The Lava Z61 Pro has been launched in India at a price of Rs 5,774. The phone in question will be available from Flipkart, Amazon India as well as via offline retail stores.

As mentioned earlier, the Lava Z61 Pro is an entry-level smartphone with an all-plastic build that comes in two colours,

BSNL now offering Rs 499 broadband plan with 100GB data, unlimited free calls; here are all the details

The plan was announced by the company on its Chennai circular website where it also mentioned barring some left out jurisdictions, the new plan will be available across the country.

Bracing up for competition with its private counterparts, state run telecom company BSNL has launched a new broadband internet plan with 100 GB of internet data available in just Rs 499 for a period of 30 months. The new CUL broadband monthly plan is available in almost all the BSNL jurisdictions except in Andaman and Nicobar, Rajasthan, West Bengal, and Kerala. Unlike many other special plans being provided by the

VC firm Sequoia looks to back world-beating startups in India, SEA; launches $1.35 billion mega fund

Sequoia has been investing across all stages of a startup cycle – seed, mid, and growth.

One of India’s most prolific venture capital fund Sequoia India has secured a commitment of $1.35 billion for two new India and Southeast Asia focused funds. The two funds — $525 million venture fund and $825 million growth fund will invest in startups across the region, Sequoia Capital’s managing director Shailendra J Singh announced in a LinkedIn post. “The combined GDP of India and SEA is expected to cross $14 trillion and the number of mobile internet users will likely cross 1.5 billion by

Samsung Galaxy S20 Ultra long-term review: Great expectations but does it meet them?

Galaxy S20 Ultra currently sells in India at a price of Rs 97,999. (Photo credit: Saurabh Singh/Financial Express)

The Galaxy S20 Ultra isn’t meant for everybody. It isn’t Samsung’s best new flagship phone either (even though it is its most powerful phone). And yet, it is important that it exists today.

The top-end Android smartphone segment isn’t what it used to be a few years ago. With the likes of HTC, BlackBerry, Sony (and even LG) out of the picture, buyers looking for a no holds barred Android phone have only one brand that they can look up to,