Economy Archives - EnvoyPost

Ambani’s third generation on Reliance’s board; Isha, Akash and Anant Ambani will be the directors

Sadaf Sheikh — Sat, 28 Oct 2023 03:27:27 +0000

Mukesh Ambani’s children, Isha, Akash, and Anant Ambani, have been given important roles in the leadership of Reliance Industries. They have become directors on the board of directors which is a group of people responsible for making big decisions and setting the direction for the company. This means they will have a say in how …

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“Refreshing Revenue: State Government’s Beer Consumption Initiative”

Sadaf Sheikh — Mon, 23 Oct 2023 08:08:38 +0000

The government has formed a committee with the goal of making more money for the state by focusing on the beer industry. This means they want to find ways to increase the income or revenue generated from activities related to beer such as production sales or taxation. The committee will likely come up with strategies …

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“Challenges Facing Pakistan’s PIA: 48 Flights Canceled Amid Financial Struggles”

Sadaf Sheikh — Thu, 19 Oct 2023 03:41:02 +0000

Pakistan International Airlines (PIA) is the national airline of Pakistan, but it’s not doing well financially. They had to cancel 48 flights because they didn’t have enough fuel for their planes. This situation has made it even more uncertain whether the airline will be able to continue operating in the future. Pakistan has been facing …

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“Shockwaves in Banking Sector: RBI Hits Kotak Mahindra and Big Private Bank with Heavy Fines”

Sadaf Sheikh — Thu, 19 Oct 2023 03:35:22 +0000

the Reserve Bank of India (RBI) has fined Kotak Mahindra Bank Rs 3.95 crore and ICICI Bank Rs 12.19 crore for not following certain financial rules. Kotak Mahindra Bank was fined because they didn’t properly check the company they work with, and they broke the rules about how often they can contact their customers. They …

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“The Indian Biogas Association (IBA) secured Rs 2,755 crore in 2023, a major milestone in Indian renewable energy”

Kalpana Yadav — Mon, 16 Oct 2023 04:01:42 +0000

The Indian Biogas Association (IBA) achieved a significant milestone in the Indian renewable energy sector by securing investments totaling Rs 2,755 crore during the 2023 Renewable Energy India Expo. This national association includes industry operators, manufacturers, and bioenergy planners, and it experienced a substantial influx of investments and strategic partnerships during the event. During the …

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“Iias Raises Concerns Over Anant Ambani’s directorial Role, Recommends Shareholder’s Vote Against Appointment”

Sakshi Bhojane — Fri, 13 Oct 2023 04:30:50 +0000

The Institutional Investor Advisory Services(IiAS) has recommended shareholders to vote against Anant Ambani’s appointment in the board of Reliance Industries Ltd (RIL). In a note the advisory firm recommended to voting for Isha Ambani and Akash Ambani. The shareholders of the Mukesh Ambani owned the conglomerate which are decided to vote on the appointment of …

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“Hamas-Israel Fight Causes Global Trade Disruptions in India ”

Kalpana Yadav — Thu, 12 Oct 2023 09:40:14 +0000

India & Israel have had a strong economic, military & political relationship since 1990s despite India’s earlier vote against the UN partition plan in 1947. An Israel opened a consulate in Bombay in 1983.In July 2017,PM Modi made a historic visit to Israel upgrading the relationship and signing agreements in R & D ,water, agriculture, …

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