News
Day: November 14, 2024
This steady PPI figure is encouraging for the US dollar, as the alignment with expectations suggests a stable inflation rate. Such consistency supports a balanced economic outlook, which often strengthens the dollar by reinforcing confidence in the currency’s stability.
The merger integrates Viacom18’s media and JioCinema businesses into Star India Private Ltd (SIPL), forming a new joint venture. Nita Ambani will be the chairperson of the JV, with Uday Shankar, as vice chairperson, providing strategic guidance to the JV. Shares of Reliance Industries Ltd ended at ₹1,267.70, up by ₹15.45, or 1.23%, on the BSE.
Speaking at CNBC-TV18’s Global Leadership Summit in Mumbai on Thursday, November 14, Chambers stated, ‘India will become the number one economy in the world, and it will be the fastest growing,’ underscoring the vast potential for economic expansion in a country with 1.4 billion people. Chambers also pointed to the warm diplomatic relationship between PM Modi and US President-elect Donald Trump, which he believes will fuel further growth.