Mukesh Ambani just dropped some big news at Reliance’s AGM: they’re building a massive electrolyser manufacturing plant that’ll be up and running by 2026. Plus, he unveiled JioBrain, a new AI-powered initiative to boost efficiency and service at Jio by weaving Generative AI into everything they do.
Reliance Industries' shares went up by 3% after the company said they're considering a 1:1 bonus issue on September 5. The stock reached Rs 3,074.80 on the BSE, marking an 18% increase for the year. This news came right before the company's 47th AGM.
Heavy rains in Gujarat have really messed up a part of the Rajkot-Ahmedabad highway. The downpour caused some serious damage, and there's a video going around on social media showing just how bad it is.
So, there's been a huge mess at the Hyderabad SBI branch with a Rs 175 crore fraud. It turns out the branch manager and some of his pals were involved. They opened accounts for cybercriminals, helped move around a lot of cash, and sent it off to places like Dubai. Two main suspects are in custody now, and everyone’s being warned to watch out for dodgy banking stuff.
Key Points Finance Minister Nirmala Sitharaman has made it clear that the new Unified Pension Scheme (UPS) isn't just a rollback of the National Pension System (NPS), but a whole new thing. The UPS will give a pension that's 50% of an employee's average basic pay from the last year before they retire, as long as they've worked for at least 25 years. Under the UPS, employees will chip in 10% of their basic salary and dearness allowance, while the government will…
Key Points Indian billionaire Joy Alukkas got snubbed at a Rolls-Royce showroom in Dubai back in 2000. The salesperson told him to check out Mitsubishi instead. Alukkas, who’s a big deal in India and runs the Joyalukkas Group, felt insulted and bought a Rolls-Royce on a whim. He later gave the Rolls-Royce away in a raffle to promote his jewellery business. These days, Alukkas has a bunch of luxury cars, including a Rolls-Royce Cullinan he bought earlier this year. Looma News So,…
Key Points PCB's using AI to pick squads for the Champions Cup. AI will handle 80% of the job, while humans will take care of the remaining 20%. PCB's the first cricket board to openly use AI for selecting players. PCB chairman Mohsin Naqvi is all about being transparent and accountable in picking players. Naqvi wants to fix old problems with player data and selection records. Former cricketers like Misbah-ul-Haq, Saqlain Mushtaq, Sarfaraz Ahmed, Shoaib Malik, and Waqar Younis are on board…
Key Points Olympic champ Viktor Axelsen has shared his workout routine to boost badminton performance. His Instagram reel shows two main exercises: the trap bar lift and Bulgarian split squats/dumbbell lunges. The trap bar lift helps with leg strength and balance, which is essential for those powerful smashes. Bulgarian split squats or dumbbell lunges improve single-leg strength, balance, agility, and can help avoid injuries. Axelsen is pretty active on social media, using it to promote badminton and his career. He recently won…
Key Points The Atal Setu, India’s longest sea bridge, links Mumbai and Navi Mumbai. Since opening on January 13, 2024, more than 5 million vehicles have crossed it. The bridge has made it way easier to get from South Mumbai to the Mumbai-Pune Expressway. Maharashtra Chief Minister Eknath Shinde has praised the bridge for helping with traffic and boosting the economy. It cost over Rs 17,840 crore to build and stretches 21.8 km. PM Narendra Modi opened the Atal Setu on January…
Key Highlights - PhonePe’s revenue jumped by 74%, reaching INR 5,064 Cr in FY24, up from INR 2,914 Cr in FY23.- The company reported an adjusted profit after tax (PAT) of INR 710 Cr for FY24, turning around from a loss of INR 194 Cr in FY23.- PhonePe claimed a net adjusted profit after tax of INR 197 Cr for FY24, reversing a huge loss of INR 738 Cr from the previous year.- Their popular UPI app now has over 550 million…