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Reliance’s annual general meeting on Monday, the 66-year-old announced that his three children would be joining the board, even as he continues as chairman and managing director for five more years. Reliance’s sway has grown following a $150 billion investment spree over the past decade. It now controls 15% of the total fixed capital deployed at India’s top 300 non-financial firms, employs 7% of the workforce and garners 10% of their combined ebitda.

315Work Avenue has picked up five entire floors with office space spread over 1.62 lakh sq ft in a commercial project Raheja Woods in Pune’s Kalyani Nagar locality through a long-term lease of five years. This deal takes the company’s total office space in the tower to nearly 2 lakh sq ft as it had recently leased 33,000 sq ft here recently. The company has leased the space through its subsidiary 315 Work Avenue Pune Spaces from owner of the property MK Profinlease for monthly rental of nearly Rs 1.32 crore. The lease agreement includes a clause to escalate rentals by 5% after every 12 months. It also includes a lock-in period of 14 months for the licensee 315 Work Avenue, showed the documents accessed through FloorTap.com. “The coworking sector’s impact is poised to amplify in the future, driven by the fundamental transformation work dynamics have undergone which is unlikely to revert.

OpenAI announced the launch of ChatGPT Enterprise, a business-oriented iteration of its widely acclaimed artificial intelligence system. This move comes as ChatGPT has faced a decrease in user engagement nine months after its groundbreaking introduction. OpenAI's latest offering, ChatGPT Enterprise, will provide business users with an upgraded version of the chatbot, featuring robust security and privacy enhancements, building upon the lessons learned from its previous versions, as detailed in their recent blog post.

European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies.

₹30 per equity share and the Sahaj Fashions IPO shares will get listed on Wednesday, September 6 on NSE SME. Sahaj Fashions is a small-to-medium enterprise (SME) company that manufactures fabric for garment making, home furnishings, and industrial applications. Sahaj Fashions IPO is a fixed price issue and the total issue size is ₹13.96 crore.

One takeaway from yesterday's Reliance AGM is that Reliance's Chairman Mukesh Ambani has brought his famed project-execution skills to the now most-watched part of his sprawling business — passing on the Reliance empire to his three children. Rapid diversification of Reliance into different segments in the past 10 years, including the new-age tech, is obviously an effort to future-proof his business empire based on fossil fuels. But it can also be a smart plan to restructure the group into various entities which will make succession easier. Trust Ambani to go to such lengths to plan succession.

New Delhi: Royal Philips will make more personal health products in India after the company expanded production at its co-manufacturing site in Baddi, Himachal Pradesh, which will now produce mother and childcare products in addition to the beauty and grooming products already being made at the site, it said on Tuesday. “India holds a strategic significance for our personal health businesses, and we remain committed to the further development of the market in our effort to support the health and well-being of the millions of people we serve.

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that UP has moved from a BIMARU state to the path of a developed state and that in the coming years, it will become the "growth engine" of the country. Chief Minister Yogi Adityanath was addressing the FICCI's National Executive Committee Meeting (NECM) in Lucknow. Noting that FICCI is holding its National Executive Committee Meeting in the state's capital after 38 years, CM Yogi Adityanath said today Uttar Pradesh is a state with big achievements. «After 1985-86 Uttar Pradesh saw a long period of darkness in terms of development...The perception of the nation and world about Uttar Pradesh became very different...There was an identity crisis before the youth, businessmen and citizens here...Today under the guidance and leadership of Prime Minsiter Narendra Modi, Uttar Pradesh has managed to emerge from the darkness and from being a BIMARU state (category) towards becoming a developed state,» Yogi Adityanath said. He said that the state would not be the sixth-largest economy, but the second-largest economy of the country very soon and that the next five years will be important. «In the coming years, UP will become the leading economy of the country and will undertake its role as the Growth Engine of the country,» CM Yogi said. «UP reached second rank from 14th position in ease of doing business,» he added. Speaking on the occasion, FICCI Secretary General, Shailesh Pathak said, «Under the leadership of Chief Minister Yogi Adityanath, UP is embarking on a one trillion economy plan.» «I'm confident that the state's evolution from 'Uttar Pradesh' to 'Uttam Pradesh' and ultimately to 'Sarvottam Pradesh' will continue without interruption,» he said. The National

Reliance Industries Limited (RIL) Chairman Mukesh Ambani announced that RIL's Jio would introduce new AI systems, similar to OpenAI's ChatGPT, for India. Ambani expressed a commitment to provide AI accessibility to all Indians and lead in creating India-specific AI models and solutions. Interestingly, this announcement seems to follow OpenAI CEO Sam Altman's comments about India's AI efforts being "hopeless," which he later clarified as being taken out of context.

Business Today reported. As reported by Business Today, the constitution bench led by the Chief Justice of India will persist in addressing petitions that contest the revocation of Article 370. The report noted that Sebi submitted a status report on August 25 concerning its inquiry into the accusations made by short-seller Hindenburg Research in its January report against the diversified conglomerate Adani, which is involved in port and energy operations.

With Adani Enterprises rallying up to 2%, nine out of 10 Adani stocks were trading in the green. Shares of Adani Power, Ambuja Cements and Adani Ports were trading over 1% higher. Last Friday, markets regulator Sebi had told the apex court that it has completed the investigation into whether Adani Group companies violated securities laws. In a status report, Sebi gave a detailed breakdown of the steps taken during its investigation but does not reveal specific findings.

Mukesh Ambani a centi-billionaire — they may well determine the hold of the family-run conglomerate on India’s broader economy when control passes to the next generation. That transition could arrive by 2028. At Reliance Industries Ltd.’s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board, even as he continues as chairman and managing director for five more years. Reliance’s sway has grown following a $150 billion investment spree over the past decade.

₹91.20 apiece on the BSE SME platform, a robust premium of 90% to the issue price of ₹48 per share. Soon after the IPO listing, Shoora Designs share price was locked at 5% upper circuit at ₹95.76 apiece.

The NSE Nifty index was trading 26.9 points up at 19332.95, while BSE Sensex was up 87.86 points at 65084.46 at the time of writing this report. In the Nifty index, Tech Mahindra Ltd.(up 1.39 per cent), UPL Ltd.(up 1.17 per cent), Hero MotoCorp Ltd.(up 1.06 per cent), Power Grid Corporation of India Ltd.(up 1.05 per cent) and Adani Enterprises Ltd.(up 1.05 per cent) were among the top gainers. While Bharti Airtel Ltd.(down 1.78 per cent), Axis Bank Ltd.(down 0.71 per cent), Dr.

ZomatoTiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform zomato by selling its entire stake through bulk deals on Monday.Star HealthMio IV Star has sold stake in Star Health, while Fidelity, among other funds, bought shares through bulk deals on Monday.Read more: What changed the market while you were sleepingAdani stocksAn investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, Reuters reported.Sun PharmaSun Pharma aims to spend 7-8% of its sales in the current fiscal on research and development activities as it looks to further strengthen its product portfolio across therapeutic segments.LTIMindtreeLTIMindtree has announced a collaboration with SaaS company CAST AI to help businesses optimize their cloud investments.Piramal EnterprisesPiramal Enterprises aims to achieve 3-3.3% ROA at consolidated level by FY28.

platform dedicated to small and medium enterprises (SMEs) is currently witnessing a flood of public offerings on surging demand from rich individual domestic investors with the risk appetite for such small issuances. So far, in 2023, 100 SME firms have raised a record ₹2,600 crore of funds from the SME board, breaking the previous record of ₹2,287 crore raised in 2018 by 141 firms. By contrast, 19 companies have raised around ₹14,500 crore on the main board.

India has a tremendous opportunity to expand its manufacturing base due to the current supply chain relocation triggered by geopolitical situation, and the country should grab the opportunity with both hands, says Punit Renjen, CEO-emeritus of Deloitte Global and the incoming chairman of SAP. In an interview to ET's Surabhi Agarwal & Bodhisatva Ganguli, he also talks about his «second innings» at SAP, and how the enterprise software major will significantly expand its India base from the current 17-18% of workforce. He believes that this is India's century and AI will help India further bridge the skills and education gap. Edited Excerpts:How has the transition been from an audit/consultancy business to SAP, which is a storied enterprise software company? I'm a big cricket fan.

Exxon Mobil sees the world failing to reduce emissions fast enough to limit global warming to 2C (3.6F) above pre-industrial norms by 2050 due to soaring economic growth, particularly in developing countries.

OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure, and powerful version of the chatbot for businesses.

Reliance Jio will launch its fixed wireless access offering — Jio AirFiber — on September 19, Reliance Industries chairman Mukesh Ambani said. While Jio, with 50 million 5G users, is on track to have a pan-India coverage of the next-gen technology by December 2023, the telco will be among the first globally to develop 6G capabilities, he said. The launch of Jio AirFiber — coming shortly after rival Bharti Airtel commercially launched its own device — is expected to help expand Jio's addressable market over the next three years to over 200 million high-paying homes and premises, Ambani said, addressing shareholders of Jio's parent Reliance Industries at a virtual annual general meeting on Monday. «Our extensive optical fibre presence puts us in close proximity to over 200 million premises.

Dalmia Bharat group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla group company undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), according to sources aware of the matter. The resolution offer made by Dalmia Bharat Refractories was cleared by over 75% of creditors of Birla Tyres, well past the two-thirds majority threshold mandated under the Insolvency and Bankruptcy Code for approval of revival plans of stressed companies.Axis Bank leads the group of creditors. Voting on the resolution plan concluded last week.ET had first reported on August 19 that Dalmia Bharat had submitted a revised plan for Birla Tyres. The resolution proposes to repay around ₹300 crore of Birla Tyres' debt.