Priyanka Chopra with husband Nick Jonas at Met Gala 2023

In which we munch over the week's platter of news and views

Joe Biden

The last time a bear attack was launched on a businessman gaining prominence rapidly was in the early 1980s when a cabal of brokers took on "an over-priced Reliance share", recalls T N Ninan

Mukesh Ambani

Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
Following Dhirubhai's death in 2002, Mukesh and his younger brother Anil assumed joint leadership of Reliance. While the elder brother took over as the chairman and managing director, Anil was named vice chairman and joint managing director.
The brothers, however, feuded over control, leading to a split with Mukesh assuming control of the gas, oil, and petrochemicals units as RIL, while Anil got telecommunications, power generation, and financial services units through a demerger.
In 20 years that Stanford University-drop out Mukesh, 65, has been at the helm of RIL, the company has re-entered the telecom business, diversified in retail and new energy, and raised a record Rs 2.5 lakh ..

Mukesh Ambani, Reliance Industries

Another key reason for the recent stock surge, according to analysts at Jefferies, is the hope that the government may withdraw export duties on diesel and aviation fuel

Akash Ambani

Succession planning in India Inc remains a clannish exercise

Nitin Gadkari, Road Transport  and Highways Minister

Union Minister Nitin Gadkari urged investors to invest more in infrastructure projects for good returns.

Samajwadi Party leader Amar Singh. Photo: PTI

Singh, 64, had undergone kidney transplant in 2011 and was not keeping well for a long time. He was admitted to a hospital in Singapore some eight months ago

Manoj Modi, reliance, RIL

Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.

The govt matters less in brand and tech businesses, where consumer preferences and the building of a franchise are autonomous of policy, though policy does help in some ways, writes T N Ninan

Kumar Mangalam Birla

Says his group hopes to play a part in making India emerge as an economic super power over the next decade

Dhirubhai Ambani

A bench of Chief Justice G Rohini and Justice Jayant Nath dismissed the plea saying no 'public interest' was involved

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Markets, market valuation, stocks, Sensex, Adani Group

Here is the best of Business Standard's opinion pieces for today

Indo Pacific

Closing Bell on Wednesday, September 20: HDFC Bank shares were the biggest dragger on the benchmarks as they dropped nearly 4 per cent, while JSW Steel, and Reliance Industries fell over 2 per cent

Stock broker, broker, trader, marker, markets, stock markets, stock, market crash, market fall, loss

Catch all the latest LIVE updates related to the Parliament's special session here

Lok Sabha

Batting for the 'one nation, one election' proposal, BJP general secretary Kailash Vijayvargiya on Tuesday asked if festivals like Diwali can be celebrated at the same time across the country, why can not  there be simultaneous polls.
He was replying to the question whether it was practically possible to hold simultaneous elections in view of different weather conditions in different parts of the country.
"We celebrate Diwali together across the country. The festivals of Christmas and Eid are also celebrated together all over the country....so why can not we celebrate the election-day together, he said.
The BJP leader termed the Congress's 'Jan Akrosh Yatra' outreach campaign as an "apology yatra" ahead of the  assembly polls in Madhya Pradesh that are due in November.
The previous Congress government led by Kamal Nath did not fulfil the promises made to farmers, milk producers, the unemployed youth and teachers, he claimed.
Calling the bill reserving a quota for women in the Lok 

BJP general secretary Kailash Vijayvargiya

Ukrainian President Volodymyr Zelenskyy said Tuesday that Russia is weaponising everything from food and energy to abducted children in its war against Ukraine  and he warned world leaders that the same could happen to them.
When hatred is weaponised against one nation, it never stops there," he said at the UN General Assembly's annual top-level meeting. The goal of the present war against Ukraine is to turn our land, our people, our lives, our resources into weapons against you  against the international rules-based order.
He pointed to the war's effect on fuel and food supplies. And he highlighted what Ukraine says were at least tens of thousands of children taken from their families after Moscow's invasion: What will happen to them?
"Those children in Russia are taught to hate Ukraine, and all ties with their families are broken. And this is clearly a genocide, Zelenskyy said.
The International Criminal Court issued an arrest warrant in March for Russian President Vladimir Putin

Volodymyr Zelenskyy, Antonio Guterres

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

India had a total of 1,580 GCCs with a talent base of 1.66 million as of FY23, according to the latest Nasscom-Zinnov report

Global capability centres go beyond Tier-I cities, chasing cost and talent

Bike and auto-rickshaw aggregator Rapido has drawn up plans bring on board 200 women drivers over the next three months, the company said on Friday.
Currently, Rapido Auto has engaged 50 female 'captains' hailing from diverse backgrounds in the city for its ride-hailing service, and it aims add more than 200 active captains in the next three months through collaborations with various Coimbatore-based non-governmental organisations, the company said in a release.
Rapido will equip the women captains with essential safety and driving skills through the comprehensive training programme in collaboration with the NGOs. It also plans to launch micro-loans and family health insurance for women auto captains in Coimbatore, the release added.
This initiative would enable women to earn between Rs 800 and Rs 1,000 a day, translating to a monthly income of Rs 25,000 to Rs 30,000, it added.
"Rapido Auto, as a company, is deeply committed to fostering gender empowerment and inclusivity. Our jour

Bike taxi startup Rapido plans to ramp up hiring of women captains

Rapido

The tax notice comes at a time when the company, valued at over $566 million, is already facing heat over the recent move in July by the country's GST Council to impose a 28% indirect tax

Chief Minister Shivraj Singh Chouhan announced this at a public meeting in Indore

Shivraj Singh Chouhan

Ukraine struck the headquarters of Russia's Black Sea Fleet in a missile attack Friday that left a serviceman missing and the main building smoldering, according to military officials on both sides of the war and images from the scene in Crimea.
The Russian Defence Ministry initially said one servicemember was killed but then issued a subsequent statement saying he was missing following the attack in the port city of Sevastopol.
The Crimean Peninsula, which Russia illegally annexed from Ukraine in 2014, has been a frequent target since Russian President Vladimir Putin ordered a full-scale invasion of Ukraine almost 19 months ago.
Crimea has served as the key hub supporting Moscow's invasion of Ukraine. Sevastopol, the main base of Russia's Black Sea Fleet since the 19th century, has had a particular importance for navy operations since the start of the invasion of Ukraine.
Ukraine has increasingly targeted naval facilities in Crimea in recent weeks while the brunt of its summer ...

Heatmap

Dhirubhai ambani

Weekend Bites: Corporate Samurai keels over, and big deal that's Met Gala

Weekend Bites: Ambani & Ambani, and old white males

Hindenburg flames again: Can Adani repeat what Dhirubhai did in the 80s?

Mukesh Ambani completes 20 years at helm of Reliance Industries

What's powering the rally in Reliance Industries' stock?

All in the family

Upset Dhirubhai, nixed Reliance tender for Mumbai-Pune expressway: Gadkari

Skillful politician with knack for realpolitik, Amar Singh could do it all

Manoj Modi, the rainmaker behind Mukesh Ambani's $13-billion deal spree

His son's father: How Mukesh Ambani has re-invented Reliance yet again

Kumar Mangalam Birla gets UAE govt-backed ABLF Global Asian Award

HC dismisses plea against Padma Vibhushan to Dhirubhai Ambani