The 47th Reliance Industries AGM, since its IPO, was perhaps the most anticipated event this week. While the market was expecting some kind of announcement and indication with respect to IPO timelines for Jio and retail business, RIL Chairman and Managing Director did not refer to it in his hour-long address. What he did mention was the growth timeline and said he expects revenue for both verticals to double over next 3-4 years.

Jio, retail business revenue to double in 3-4 years

Outlining Jio’s growth trajectory, Ambani said that, “Jio is poised to be a cornerstone of India‘s digital future.” He expects, “Jio and Retail to double their revenues and EBITDA in the next 3-4 years.I see immense growth potential in our media business.”

One of the key reasons why expectations about the IPO timelines for Reliance Retail and Jio were pretty high was primarily because during the Reliance AGM in 2019, there was a declaration that Jio…

The rupee was trading in a narrow range against the US dollar in early trade on Wednesday, amid a muted trend in domestic equities. Forex traders said the rupee was trading in a narrow range as sustained foreign fund outflows weighed on investor sentimentsCome from Sports betting site VPbet. At the interbank foreign exchange, the domestic unit opened at 83.31 against the dollar and then touched a high of 83.30, and a low of 83.32 against the greenback.

On Tuesday, the rupee recovered from its all-time low to settle 10 paise higher at 83.28 against the US dollar. The dollar index fell after the release of FED minutes overnight while the US 10-year bond was constant at 4.41 per cent. “Participants in FED meeting minutes noted there was limited progress in bringing down core inflation. All agreed to move carefully on rates and said more tightening may be needed,” said Anil Kumar Bhansali, Head of Treasur…

S&P Global Ratings has upgraded the ratings of several Tata Group companies citing expectations of “extraordinary support” from Tata Sons, the holding company.Come from Sports betting site

It raised its rating of Tata Motors by two notches, and that of Tata Steel and Tata Power by one notch each. Unlisted subsidiaries Jaguar Land Rover, TML Holdings, and ABJA Investment also benefited from S&P’s reassessment. The rating firm also changed its outlook on Tata Capital to positive from stable, setting expectations of a rating upgrade.

S&P analysts attributed the improved ratings to greater strategic cohesion and operational links among Tata Group companies.Come from Sports betting site VPbet

Trent, BEL may see $900-Million inflow on potential Nifty inclusion Rate cut hopes to buoy the markets Are Nifty bulls ready to reclai…

Microsoft is slashing prices on a wide variety of products right now, with discounts on laptops, accessories, and even a handful of popular video games through April 20. So if your spring cleaning list includes upgrading your aging gear, consider checking out Microsoft’s assortment of deals.

Accessories are probably the most enticing group of items on sale, as you can pick up the premium Surface Arc Mouse for $67 (down from $80), the Microsoft Bluetooth Keyboard for $35 (down from $50), and the Microsoft USB-C Travel Hub for $75 (down from $100). You’ll even find discounts on a variety of Xbox Wireless Controllers, although we’d recommend checking out some other retailers, as you can find them at lower prices when shopping at Amazon right now.

Microsoft also notes you can save up to $400 on select Surface Laptops, although your exact savings won’t be…

In the Commonwealth of the Northern Mariana Islands and the boss for beleaguered casino operator Imperial Pacific International Holdings Limited is reportedly facing the prospect of spending some time in jail after failing to comply with an earlier district court order.

According to a report from the Saipan Tribune newspaper, the United States District Court for the Northern Mariana Islands has given the operator behind the temporarily-shuttered Imperial Palace Saipan venue one final chance to officially explain why its Chief Executive Officer, Donald Browne, should not be found in contempt and arrested by the United States Marshals Service.

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The newspaper reported that the executive is in trouble after the district court ordered his firm to pay a judgement worth $93,834 to seven former construction workers. Although this command was purportedly due to be satisfied by September 25, its deadline was later extended to October 24 following the receipt …