#Reliance Industries Ltd chairman

[ejesgistnews]

Francoise Bettencourt Meyers, World's Richest Woman, Loses $13 Billion in 2024.     Françoise Bettencourt Meyers, the world’s wealthiest woman and heiress to the L’Oréal fortune, has faced a significant financial setback in 2024, losing $13.1 billion of her net worth over the first seven months of the year.   This decline, which brings her fortune down to $86 billion from nearly $100 billion at the start of the year, reflects broader challenges within the luxury beauty and fashion sectors. The Bloomberg Billionaire Index reports that Bettencourt Meyers’ wealth reduction mirrors the difficulties faced by other luxury industry titans, such as Bernard Arnault, the head of Louis Vuitton Moët Hennessy (LVMH).   Read Also : EFCC Detains NAHCON Chairman, Secretary Over N90 Billion Hajj Subsidy Scam   The downturn in Bettencourt Meyers' fortune is closely tied to her substantial stake in L’Oréal, the global cosmetics giant, which has been adversely impacted by a slowdown in the Chinese market. As a result, L’Oréal shares have fallen by 14.25% year-to-date, stoking investor concerns over the company’s growth prospects in key markets.   L’Oréal’s Response to Market Challenges In response to the challenges facing the luxury market, L’Oréal has been actively working to diversify its portfolio. One significant move is the planned acquisition of a 10% stake in the Swiss skincare company Galderma, valued at $1.85 billion. This strategic investment, which involves purchasing shares from Sunshine SwissCo AG—a consortium that includes Swedish private equity firm EQT, the Abu Dhabi Investment Authority, and Auba Investment Pte. Ltd.—is part of L’Oréal’s broader effort to strengthen its position in the global skincare market and reduce its reliance on more volatile luxury segments. Additionally, L’Oréal has continued to invest in its workforce through the expansion of its Employee Share Ownership Plan, launched in 2018. This plan, now available in 63 countries, allows employees to purchase L’Oréal shares at a 20% discount. Over 37,000 employees have participated in the initiative, which aims to align their interests with the company’s long-term growth and values. Nicolas Hieronimus, Chief Executive Officer of L’Oréal Groupe, emphasized that this plan reflects the company’s commitment to fostering a sense of shared ownership and responsibility among its employees. About Francoise Bettencourt Meyers Françoise Bettencourt Meyers controls approximately one-third of L’Oréal, the world’s largest cosmetics company. She became chairwoman of the holding company that manages the family’s stake following the death of her mother, Liliane Bettencourt, in 2017. Under her leadership, L’Oréal has continued to thrive, generating €41.2 billion ($44.5 billion) in revenue in 2023. The Bettencourt family has received more than €10 billion ($11.2 billion) in dividends from L’Oréal over the years, according to analyses of company filings and market data. Beyond her business acumen, Bettencourt Meyers is deeply involved in philanthropy. She oversees her family’s charitable foundation, which is dedicated to advancing French sciences and arts. Notably, following the 2019 Notre Dame Cathedral fire, the Bettencourt Meyers family, along with L’Oréal, donated $226 million towards the restoration efforts.   This philanthropic commitment highlights Bettencourt Meyers’ influence not only in the business world but also in cultural and social spheres.   As L’Oréal navigates the complexities of the current market environment, Bettencourt Meyers remains a central figure in the luxury industry, with her wealth and influence continuing to shape the future of the sector.

[sudeep1224]

Top 10 Reliable Nifty 50 Stocks

  Most Reliable Stocks in the NIFTY 50

    Most reliable stocks in the NIFTY 50 (the flagship index of the National Stock Exchange of India), investors typically consider factors like historical performance, financial stability, market capitalization, and consistent returns.

 As per my knowledge, here are some of the most reliable and well-regarded stocks in the NIFTY 50:

1. Reliance Industries Ltd. (RIL)

Overview Full Name: Reliance Industries Limited Sector: Conglomerate (Energy, Petrochemicals, Telecom, Retail) Founded: 1966 Founder: Dhirubhai Ambani Headquarters: Mumbai, Maharashtra, India Market Capitalization: Largest company in India by market capitalization

 Reliance Industries Limited (RIL) is one of India's largest and most diversified conglomerates and the largest company in India by market capitalization.

RIL has a strong presence in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

Reliance Industries Limited is a cornerstone of the Indian corporate landscape, renowned for its leadership across multiple sectors.

With its strong financial health, strategic diversification, and continuous innovation, RIL remains a reliable and attractive option for investors.

2. Tata Steel Ltd

     Overview

       Established: 1907.       Headquarters: Mumbai, Maharashtra.      Key People: Natarajan Chandrasekaran Chairman, T. V. Narendran CEO&MD.      Price: ₹150        Tata Steel Ltd is one of the world's leading steel companies, renowned for its innovative practices and sustainable approach to business.     Tata Steel has operations in 26 countries and a commercial presence in over 50 countries, with manufacturing units in India, the Netherlands, and the United Kingdom.    Tata Steel is one of the top steel producers globally and the second-largest steel company in India by domestic production.    Tata Steel's commitment to innovation, sustainability, and social responsibility has established it as a leader in the global steel industry.The company's focus on quality, customer satisfaction, and ethical business practices continues to drive its growth and success​ thus it is a good option for long run.

3. Infosys LtD.

                                                                                 Overview

Full Name: Infosys Limited Sector: Information Technology Services Founded: July 2, 1981 Founders: N. R. Narayana Murthy and six others Headquarters: Bangalore, Karnataka, India Market Capitalization: Among the largest IT services companies in India

Infosys Ltd. is a global leader in technology services and consulting, renowned for its innovative approach to delivering business solutions.

As one of the largest IT services firms in India, Infosys has a significant presence worldwide, serving clients across various industries.

Infosys is considered a blue-chip stock, popular among investors for its stability and growth potential. and a reliable and attractive choice for investors seeking exposure to the technology sector.

 4. Tata Consultancy Services Ltd. (TCS)

                  Overview

            Full Name: Tata Consultancy Services Limited

            Sector: Information Technology Services

            Founded: 1968

            Parent Company: Tata Group

          Headquarters: Mumbai, Maharashtra, India

         Market Capitalization: One of the largest IT services companies globally.

    Tata Consultancy Services Ltd. (TCS) is one of the leading global IT services, consulting, and business solutions organizations.

    As a part of the Tata Group, India's largest multinational business group, TCS has a strong reputation for delivering innovative and efficient solutions to its clients worldwide.

    TCS is regarded as a blue-chip stock, attractive for its stability, growth potential, and consistent dividends.

5. Hindustan Unilever Ltd. (HUL).

            Overview

                Full Name: Hindustan Unilever Limited

                Sector: Fast-Moving Consumer Goods (FMCG)

                Founded: 1933

                Parent Company: Unilever

                Headquarters: Mumbai, Maharashtra, India

               Market Capitalization:Among the largest FMCG companies in India  

      Hindustan Unilever Ltd. (HUL) is a leading fast-moving consumer goods (FMCG) company in India, known for its diverse portfolio of household and personal care products.

    Strong brand recognition and loyalty mong consumers, extensive distribution network and continuous innovation in products make them a dominant player in the Indian FMCG sector.

    HUL is considered a blue-chip stock, known for its stability, reliable dividends, and growth potential and thus remains a reliable and attractive investment choice.

6. ICICI Bank Ltd.

                Overview

Full Name: ICICI Bank Limited

Sector: Banking and Financial Services

Founded: 1994 (originates from ICICI established in 1955)

Headquarters: Mumbai, Maharashtra, India

Market Capitalization: Among the largest private sector banks in India.

ICICI Bank Ltd. is one of India's leading private sector banks, known  for its comprehensive range of financial services

The bank's service portfolio encompasses retail banking, corporate banking, wealth management, insurance, and investment products.

ICICI Bank continues to play a pivotal role in driving India's economic growth and empowering millions of individuals and businesses with financial solutions tailored to their needs.

ICICI Bank Ltd. stands as a pillar of strength in India's banking sector, recognized for its unwavering commitment to customer-centricity, digital innovation, and financial  excellence thus this stock considered as a good stock for  investors to invest.

7. Kotak Mahindra Bank Ltd

                        Overview

Full Name: Kotak Mahindra Bank Limited

Sector: Banking and Financial Services

Founded: 1985

Founder: Uday Kotak

Headquarters: Mumbai, Maharashtra, India

Market Capitalization: Among the top private sector banks in India

        Kotak Mahindra Bank Ltd. stands out as a leading player in the Indian banking sector, recognized for its strong customer focus, innovative digital solutions, and robust financial performance.

    Kotak Mahindra Bank consistently demonstrates strong financial performance, with steady revenue growth and healthy profit margins.

    Its substantial asset base reflects financial stability, and a high return on equity (ROE) indicates efficient management and robust profitability.

    With its comprehensive service offerings, strategic growth initiatives, and commitment to financial inclusion, Kotak Mahindra Bank remains a reliable and attractive investment choice in the banking industry.

8. Bharti Airtel Ltd

                    Overview

                  Full Name: Bharti Airtel Limited

                        Sector: Telecommunications

                        Founded: 1995

                        Founder: Sunil Bharti Mittal

                        Headquarters: New Delhi, India

                        Market Capitalization: One of the largest telecom companies in India and the world

    Bharti Airtel Ltd. is one of India's leading telecommunications companies, known for its wide range of telecom and digital services.

    Bharti Airtel continues to be a major player in the telecommunications industry, with a focus on innovation, customer satisfaction, and expansion into new markets.

    The core of Airtel's business, providing mobile voice and data services. Airtel has a vast subscriber base, making it one of the top mobile service providers in India and Africa.

    Bharti Airtel remains a significant player in the telecommunications industry, driven by innovation, customer focus, and strategic expansion.

    If you have a long-term investment horizon and are comfortable with the inherent risks, Bharti Airtel could be a valuable addition to your investment portfolio.

9. Asian Paints Ltd.

            Overview

                Full Name: Asian Paints Ltd.

                Sector: Paints and Coating

                Founded: 1942

                Founder: Champaklal Choksey, Chimanlal, and Suryakant Dani.

                Headquarters: Mumbai, India.

                Market Capitalization: One of the largest Paints and Coatings companies in India and the world.

 Asian Paints Ltd. is a leading name in the paints and coatings industry in India, with a significant global presence.

    India’s growing middle class and urbanization trends contribute to increasing demand for housing and home improvement products, directly benefiting Asian Paints. 

    Additionally, the company’s international presence provides exposure to other growing markets.

    Asian Paints Ltd. offers a compelling investment opportunity due to its market leadership, consistent financial performance, diversified product portfolio, and commitment to innovation and sustainability.

    If you have a long-term investment criteria and are comfortable with the associated risks, then  Asian Paints could be a valuable addition to your portfolio.

10. HCL Technologies Ltd.:

            Overview

                Founded: 1976

                Founder: Shiv Nadar

                Headquarters: Noida, India

                CEO: C Vijayakumar (as of the latest update)

                Industry: Information Technology and Services

     HCL Technologies is one of India's leading IT services companies, with a significant presence in over 50 countries. 

    Its established brand and market reputation provide a competitive advantage.

    HCL Technologies Ltd. is a prominent player in the global IT services sector, known for its strong market position, diverse service offerings, and commitment to innovation and sustainability.

    Its robust financial performance, strategic partnerships, and extensive global presence make it a compelling investment opportunity. 

    However, potential investors should be mindful of the competitive landscape, economic sensitivity, and regulatory risk

  These stocks are generally considered reliable due to their strong financial performance, market leadership, and consistent growth. However, it's essential to conduct thorough research and consider your investment.

[marwahstudios]

Sandeep Marwah Inaugurates MSME Conclave on Resurgence and Growth of MSMEs and Startups

New Delhi: The MSME Conclave on Resurgence and Growth of MSMEs and Startups, organized by the Mantras Foundation of Kolkata and supported by the International Chamber of Media and Entertainment Industry, was inaugurated by Sandeep Marwah. The event took place in the auditorium of the PHD Chamber of Commerce and Industry in New Delhi.

Addressing a large audience comprising MSME stakeholders, Sandeep Marwah, President of Marwah Studios, emphasized the importance of self-reliance and self-sufficiency, invoking the term “Atmanirbhar.” In his speech, Marwah elaborated on the concept with the help of idioms, poetry, and phrases, urging everyone to step out of their comfort zones and work diligently towards making India the third-largest economy in the world. He highlighted the crucial role that MSMEs play in this endeavour.

Other notable speakers at the event included Rajnish Goenka, Chairman of the MSME Development Forum, Madhukar Mishra, B.K. Sabharwal, Chairman of the Finance Committee of PHDCCI, Kailash Gupta, President of Delhi Udyog Vyapar, Vikas Gupta, General Secretary of MIWA, Sharad Kohli, Economist, and Sanjay Jain, Managing Director of T.T. Ltd.

In his address, Marwah remarked, “The time has come for us to embrace the spirit of ‘Atmanirbhar Bharat.’ We must all strive to make India a global economic powerhouse, and MSMEs have a vital role to play in this journey. Let us commit to hard work and innovation to achieve our goals.”

The conclave provided a platform for thought leaders and industry experts to discuss strategies for the resurgence and growth of MSMEs and startups, focusing on innovative solutions and sustainable practices. The event also facilitated networking opportunities for MSME entrepreneurs and stakeholders, fostering collaborations and partnerships for future growth.

[akashambanifc91]

Business tycoon Mukesh Ambani (Chairman & MD, Reliance Industries. Ltd) graced GJEPC's 50th edition of the IGJ Awards as Guest of Honour.

[twnenglish]

Highest Paid CEOs in India 2024: Who Earns the Most?

The Top 10 CEOs in India are awarded with goodwill accounts

1. Mukesh Ambani - CEO of Reliance Industries Ltd

The Early life of Mukesh Ambani

Mukesh Ambani Birth- Mukesh Ambani was born on April 19, 1957, (66 Years) in the British Crown colony of Aden (present-day Yemen) to Dhirubhai Ambani and Kokilaben Ambani. He hails from a Gujarati Hindu family and has a younger brother, Anil Ambani, and two sisters, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaonkar.

Mukesh Ambani Net worth: 11,110 crores USD

Mukesh Ambani Awards –

NDTV Business leader of the year 2010m The Ernst and Young Entrepreneur of the Year 2000.

The Best Mukesh Ambani Quote –

“Everybody has equal opportunity and I think that is true for everything”.

Background and Leadership of Mukesh Ambani

Education: Mukesh attended Hill Grange High School in Mumbai, where he met his close associate Anand Jain.

After secondary schooling, he studied at St. Xavier’s College, Mumbai.

He received a Bachelor of Chemical Engineering (B.E.) degree from the Institute of Chemical Technology.

Although he was admitted to Stanford University for an MBA, he left the program to contribute to the family business.

Leadership: Mukesh D. Ambani serves as the Chairman and Managing Director of RIL.

 Under his guidance, Reliance has achieved significant milestones across various sectors.

Mukesh Dhirubhai Ambani, the CEO of Reliance Industries Ltd., holds a formidable 44.7% ownership in the company, establishing him as a significant influencer in the business landscape. As one of Asia's wealthiest individuals, Ambani's strategic leadership has propelled Reliance Industries to unprecedented heights. His annual remuneration of around 15 crores solidifies his position as one of India's highest-paid CEOs.

Under Ambani's direction, Reliance has flourished across various sectors, notably in telecoms and petrochemicals, cementing its status as a corporate powerhouse. Ambani's relentless pursuit of innovation and visionary leadership has not only elevated Reliance on the Indian economic stage but has also earned him global recognition as a business legend. Renowned for his entrepreneurial spirit and strategic acumen, Ambani serves as an inspiration to leaders and entrepreneurs worldwide.

To Read This Full ARTICLE, Click Here

[latestglobalnewswala]

Anant-Radhika Wedding: A Glimpse into the Combined Net Worth

The recent Pre-wedding of Anant Ambani and Radhika Merchant has captured the attention of the nation, not just for its extravagant celebrations but also for the combined wealth they bring together. As two prominent figures from affluent families, their union offers a fascinating insight into the immense riches that surround them.

Anant Ambani: A Scion of the Ambani Empire

Anant Ambani, the youngest scion of the Ambani dynasty, inherits a legacy of unparalleled wealth. As the son of Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Limited, Anant is part of one of the wealthiest families in India. With interests spanning across sectors such as petrochemicals, telecommunications, and retail, the Ambani empire is a cornerstone of the Indian economy. Anant's personal net worth is estimated to be in the billions, although exact figures are closely guarded secrets within the Ambani family.

Radhika Merchant: Hailing from a Family of Wealth

Radhika Merchant, the bride, is no stranger to affluence herself. She comes from a family with substantial financial holdings, with her father, Viren Merchant, serving as the Vice Chairman of Encore Healthcare Pvt. Ltd. While specific details about her personal net worth are not readily available, her family's background suggests a significant level of wealth and influence.

The Combined Net Worth: An Intriguing Calculation

Estimating the combined net worth of Anant and Radhika involves considering the vast assets and holdings of both families. The Ambani family's wealth is primarily derived from Reliance Industries, which boasts a diverse portfolio of businesses and investments. Additionally, the family owns luxurious properties, including the opulent Antilia, which is often touted as one of the most expensive residences globally.

While Radhika's family may not command the same level of public attention as the Ambanis, their financial standing is undoubtedly substantial, given her father's prominent position in the healthcare industry.

Beyond Wealth: A Union of Families

It's essential to recognize that the wedding of Anant and Radhika is more than just a merger of fortunes. It symbolizes the coming together of two influential families and the celebration of love amidst opulence. While their combined wealth is undoubtedly impressive, it's crucial to remember that true happiness lies in the bonds of love and companionship rather than material riches.

Conclusion: Wealth, Love, and Union

In conclusion, the pre-wedding of Anant Ambani and Radhika Merchant offers a glimpse into the combined net worth of two influential families. While their financial standing is undoubtedly significant, it's essential to view their union through the lens of love and companionship rather than merely through the prism of wealth. As they embark on this new chapter of their lives together, Anant and Radhika serve as a reminder that love knows no bounds, transcending the barriers of wealth and status.

[sudeepkedar]

Cybersecurity Insurance Market Predicted to Grow At More Than 20.5% CAGR till 2032

Cybersecurity Insurance Marekt size could reach USD 88.8 billion by 2032. As per the report, the cybersecurity insurance market witnesses soaring demand as industries and companies delve deeper into cybersecurity.

In December 2023, The United India Insurance Company Limited, a public sector entity, announced that it is venturing into the retail cybersecurity insurance sector. Introducing three distinct products, they aimed to safeguard laptops and personal computers (PCs) from cyber attacks. Satyajit Tripathy, the company's chairman and managing director, stated that these policies will debut before March 2024. Tripathy emphasized the surging demand for retail insurance due to escalating cybersecurity threats. Stringent data protection regulations worldwide (such as GDPR in Europe and CCPA in the U.S.) mandate organizations to adhere to specific cybersecurity standards, further propelling the industry demand.

Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/6407

IT & Telecom segment is projected to grow at a significant CAGR till 2032. With rapid technological advancements and increased reliance on interconnected networks, these industries face amplified cyber risks. To fortify against threats like data breaches and system compromises, IT & Telecom companies are increasingly seeking specialized cyber insurance. This surge in demand reflects the necessity to safeguard critical infrastructure, ensuring continuity and resilience in the face of evolving cyber threats.

Large enterprises cybersecurity insurance market will witness a lucrative growth up to 2032, claims the study. Large companies with expansive digital footprints face heightened risks of cyber-attacks and data breaches. To shield against potential financial losses and reputational damage, these organizations invest in comprehensive cyber insurance. This demand arises from the imperative to fortify defenses and mitigate the impact of sophisticated cyber incidents. Cyber insurance serves as a vital component in their risk management strategy, ensuring resilience in an increasingly interconnected business landscape. These factors collectively fuel the growing contribution of large enterprises in the market share.

Request for customization this report @       https://www.gminsights.com/roc/6407

Aon PLC, BitSight Corporation, Munich RE, The Hanover Insurance Inc., Zurich Insurance Co. Ltd., Axis Capital, The Chubb Corporation, American International Group Inc., Liberty Mutual, Lockton Companies Inc. Companies in the cybersecurity insurance market are employing various strategies to enhance their market presence, by participating in launching products at several expos and events that are aimed at showcasing potential in the construction industry. 

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Cybersecurity insurance market 360º synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2024-2032

2.3    Regional trends

2.4    Component trends

2.5    Enterprise size trends

2.6    Insurance type trends

2.7    Coverage type trends

2.8    End use trends

Chapter 3   Cybersecurity Insurance Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier Landscape

3.3    Profit margin analysis

3.4    Technology innovation landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Growing cyber threats including data breaches and ransomware attacks

3.8.1.2   Stringent regulatory compliance in various economies

3.8.1.3   Evolving cyber insurance products

3.8.1.4   Growing cybersecurity awareness and education

3.8.1.5   Rising business continuity concerns

3.8.2    Industry pitfalls & challenges

3.8.2.1   Increasing complexity of cyber risks

3.8.2.2   High cost of claims

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

[talentpiee]

Outlining his vision for Reliance Industries Ltd, chairman Mukesh Ambani emphasised the role of his children, Akash, Isha, Anant, and their generation in shaping the company's future.

He said the company's future belongs to his children and their generation.

"I have no doubt that they will achieve more in life and bring more achievements to Reliance than people of my generation," Ambani told employees on Reliance Family Day, the birthday of group founder Dhirubhai Ambani.

#reliance #mukeshambani #billionaire #company #news #Jio #ambani #talentpie

[starfriday]

AIPMA kicks starts its 12th edition of Plastivision India 2023, witnessed participation from 30 countries along with 60+ international exhibitors

Editorial synopsis:

Over 1500 exhibitors & 2.5 lakh visitors the world’s 5th largest exhibition breaks records

Witnessed companies from over 30 countries such as Germany, South Korea, Malaysia, China etc.

Indian conglomerates like Reliance, HPCL, IOCL and JSW Group were at the event

AIPMA’s 12th edition of Plastivision India 2023 is supported by the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals and the Ministry of Micro, Small & Medium Enterprises

Mumbai, 7th Dec, 2023: Having organised 11 editions over the past three decades with resounding success, the All India Plastics Manufacturers’ Association (AIPMA) has once again set the ball rolling with ‘Plastivision India 2023’ and expects to break all previous records in terms of visitor footfall and business generated over the duration of the five-day event. To be held between 7th to 11th December 2023 at Bombay Exhibition Center (BEC) in Mumbai, ‘Plastivision India 2023’ is the 12th edition of India’s largest plastics trade exhibition that is set to unlock exceptional business, networking and idea sharing opportunities for manufacturers, buyers, sellers, and end-users alike.

With an exhibit area spanning 1,25,000sqm, ‘Plastivision India 2023’ displayed a wide range of plastic products, plastic materials, machines, moulds and technologies that are revolutionizing the global plastics industry today. Apart from countries like Germany, Malaysia, South Korea and China, the event witnessed large Indian firms like Reliance, HPCL, IOCL and JSW Group. The event was a hub of ministerial leaders, industry veterans, entrepreneurs, merchants, industry professionals and major importers; deeming it to be the country’s most influential plastics exhibition that will undoubtedly play a key role in facilitating industry growth as well.

Speaking at the inaugural ceremony, Mr. Harpal Singh, Chairman NEC- Plastivision India, Mr. Manish Dedhia, President , The All India Plastics Manufacturers Association, Mr. Arvind Mehta- Chairman- NAB & GC Plastivision India, Dr. Asutosh Gor, Co-Chairman Plastivision India and Mr. Chandrakant Turakhia, Co-Chairman NEC, Plastivision India , enthused, “In its role as the largest apex non-profit body of the Indian plastics industry, AIPMA conceptualised and organised the inaugural ‘Plastivision India’ way back in 1992, with just 40 exhibitors and a few thousand visitors gracing the 1st edition. Shifting focus to the present day, ‘Plastivision India’ has metamorphosized into the largest plastics trade exhibition and the 12th edition will be bigger than ever before. Bringing together stakeholders from the different echelons of the domestic and international plastics industry, ‘Plastivision India 2023’ has been built around the ‘circular economy’ theme and will introduce visitors to sustainable practices, materials and technologies that should enhance the industry’s green credentials. It is also India’s largest plastics-focused platform bringing buyers and sellers together, with a number of live product launches, seminars, conferences and consultation sessions enhancing the value proposition for exhibitors and visitors alike. We are confident that ‘Plastivision India 2023’ will encourage Indian firms and entrepreneurs to innovate new products, processes and technologies that can establish India as the global hub for plastics manufacturing in the foreseeable future.”

Mr. Prabh Das, MD and CEO, HPCL- Mittal Energy Ltd., and the Chief Guest at the inauguration of AIPMA’s 12th edition of Plastivision India 2023 said, "Plastivision India 2023 marks a significant milestone in the growth of the plastics industry in India. AIPMA was founded in the year 1945 and we are proud to be associated with such prestigious association. The association is proud to have 22,000 members & 4 million people who have been working in this esteemed association. I would like to address that even though there are multiple challenges faced by the plastic industry, there is a huge potential. Today we see that India has grown at 6% where the total consumption of polymer polypropylene is 12 trillion tonnes. The Govt of India and various large corporates such as Reliance Industries, IOCL and HPCL Mittal Energy Ltd have been working jointly towards import substitution as we need to address the core concern of 37,000 crore polymer which is being imported. All in all the whole industry has a bright future and a great potential ahead. The 12th Editon Plastivision India 2023 will be showcasing new manufacturing methods, recycling pavilions, consultant clinics, job & career fairs, and medical pavilions. I look forward to witnessing the transformation of the plastics industry in India and playing a role in shaping its future.”

Plastivision India 2023 is being supported by the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petrochemicals and the Ministry of Micro, Small & Medium Enterprises, with AIPMA extending a range of benefits for MSMEs participating onsite or through online branding initiatives. What’s more, ‘Plastivision India’ holds the distinction of being the only trade fair exhibition from the plastic industry to be approved by UFI, the premier Paris-based global association and authority of the Exhibition industry, and is rightfully ranked amongst the Top 5 plastic industry events globally. AIPMA forecasts ‘Plastivision India 2023’beating the previous edition’s count of 2,29,000 visitors.

About AIPMA:

The All India Plastics Manufacturers' Association (AIPMA) is a leading trade association that represents the plastics industry in India. The association's vision is to set up a Centre of Excellence to promote high-quality knowledge and industrial services for the rapid growth of the plastics and its application industry. AIPMA has been working towards the development of the plastics industry in India for several decades and has been instrumental in promoting the use of plastics in various sector.

About Plastivision India 2023:

PLASTIVISION INDIA is organized by the All India Plastic Manufacturers' Association (AIPMA), the largest non-profit apex body working towards welfare of the plastic industry. The event has a glorious history that dates back to 1992. Its huge success has made it rank among the top 5 plastics industry events held globally. PLASTIVISION INDIA is the only trade fair exhibition from the plastic industry approved by UFI (the premier Paris-based exhibition authority)

[blockgeni]

Nvidia Corp. Chief Executive Officer Jensen Huang just completed a five-day trip to India during which he visited four cities, dined with tech leaders and researchers, snapped a lot of selfies, and had a private discussion on the AI industry with Prime Minister Narendra Modi. Huang admitted to surviving entire workdays on spicy masala omelettes and cold coffees due to his overbooked agenda in India. Although Huang was received like a head of state, the trip was entirely for business purposes. The 1.4 billion-person South Asian nation represents an exceptional prospect for Nvidia, whose graphics chips are essential to the development of artificial intelligence systems. India might develop into a source of AI expertise, a location for chip manufacture, and a market for Nvidia's products as the US tightens its restrictions on the export of high-end processors to China and the globe looks for an alternative electronics manufacturing base. Huang discussed retraining large segments of the workforce and developing future AI models using Indian data and talent during a meeting with top researchers in Delhi, according to several attendees. Huang also expressed his strong belief in the engineering talent of India, notably in graduates from its top engineering universities, Indian Institutes of Technology, to an executive in Bangalore, the country's tech powerhouse. Huang stated at a press conference in Bangalore that you have the information and the talent. This will be one of the world's largest AI markets, continued Huang. Nvidia and India both have a stake in accelerating the nation's ascent in the field of artificial intelligence. High-end microprocessors cannot be sold to China, which represents a fifth of Nvidia's sales, because to concerns that the chips could be used to create autonomous weapons or engage in cyberwarfare. According to Neil Shah, vice president of research at Counterpoint Technology Market Research, India is the only market that is still open, so it is understandable that Nvidia would want to stake a number of bets there. Although Indian engineers play a significant role in the digital workforce, the nation is still a long way from acquiring the cutting-edge capabilities required to produce the sophisticated chips made by Nvidia. However, India hopes to expand its electronic manufacturing industry and use AI to strengthen its digital economy. In order to entice companies like Nvidia, Advanced Micro Devices Inc., and Intel Corp., the nation is pouring billions of dollars in subsidies into building chip manufacturing facilities. Nandan Nilekani, chairman of Infosys Ltd. and the primary designer of the fundamental components of the vast digital public infrastructure of the nation, stated that India is strategically important to the future of Nvidia. Large business companies and the government are both putting a lot of effort into developing AI infrastructure. That is fantastic news for Huang, according to Nilekani, who had dinner with the chip billionaire while he was in town. The billionaire Taiwanese-American visited the prime minister's house in Delhi. Modi revealed that they discussed "the rich potential India presents in the world of AI. Throughout the journey, Huang and Nvidia observed indications of this potential. Huang's multi-city tour included an announcement from Reliance, the largest conglomerate in India and the company that Mukesh Ambani, a billionaire, owns. Jio Platforms will develop the nation's AI computing infrastructure. Nvidia said in a release that the AI cloud will utilize its full complement of supercomputing technology. In addition to developing and running cutting-edge AI supercomputing data centers, Reliance and another sizable conglomerate, Tata, will also provide AI infrastructure as a service to be used by researchers, businesses, and startups, according to Nvidia, without providing further information or releasing a timetable. To the extent that this month, Apple will sell India-made

iPhone 15 smartphones on launch day, India has had some success in persuading industry heavyweights Apple Inc. and Amazon.com Inc. to move contract electronics manufacturing from China. It is now focusing on semiconductors, having some chip design experience but no prior experience with semiconductor foundries. The majority of state-of-the-art chips, including those created by Nvidia, are produced in Taiwan. To reach its current levels of manufacturing competence, the nation spent billions over many years. India wants to catch up, but it is having trouble developing into an AI hub. According to Sashikumaar Ganesan, head of the computational and data sciences division at the Indian Institute of Science, neither the nation's exascale computing capacity, which can perform one billion billion calculations per second, nor its pool of skilled AI programmers are currently available in the country. Ganesan, one of those invited to Huang's meeting with AI experts, stated that in addition to building AI infrastructure, we also need to establish a workforce skilled in high-performance computing. However, K. Krishna Moorthy, CEO of industry association India Electronics and Semiconductor Association, noted that the market for high-end technologies in India is rapidly maturing. Nvidia's graphics processing units, or GPUs, are in extremely high demand as a result. According to Moorthy, the government needs data security, data privacy, and data localization as India's digital economy expands. To construct an AI cloud infrastructure, this could require over 100,000 GPUs. The nation is home to telecom behemoths like Reliance's Jio, which daily collects billions of data points from its 500 million mobile phone users and hundreds of millions of retailers. According to Moorthy, the 1.4 billion Indians who generate data could position the nation for the upcoming stage of digital growth. Huang is aware that this will mark the beginning of the next round of development for chips that support AI. With four engineering centers in India, including ones in Bangalore and the Delhi suburb of Gurgaon, Nvidia already has its second-largest talent pool behind the US, with 4,000 engineers. Huang addressed town hall meetings while he was there and emphasized the significance of maintaining competitiveness in a market for AI that is quickly evolving. His take on the proverb "hunt or be hunted" was repeated while he was speaking to the staff: "Either you are running for food or running away from being food." Source link

[ejesgistnews]

Francoise Bettencourt Meyers, World's Richest Woman, Loses $13 Billion in 2024.     Françoise Bettencourt Meyers, the world’s wealthiest woman and heiress to the L’Oréal fortune, has faced a significant financial setback in 2024, losing $13.1 billion of her net worth over the first seven months of the year.   This decline, which brings her fortune down to $86 billion from nearly $100 billion at the start of the year, reflects broader challenges within the luxury beauty and fashion sectors. The Bloomberg Billionaire Index reports that Bettencourt Meyers’ wealth reduction mirrors the difficulties faced by other luxury industry titans, such as Bernard Arnault, the head of Louis Vuitton Moët Hennessy (LVMH).   Read Also : EFCC Detains NAHCON Chairman, Secretary Over N90 Billion Hajj Subsidy Scam   The downturn in Bettencourt Meyers' fortune is closely tied to her substantial stake in L’Oréal, the global cosmetics giant, which has been adversely impacted by a slowdown in the Chinese market. As a result, L’Oréal shares have fallen by 14.25% year-to-date, stoking investor concerns over the company’s growth prospects in key markets.   L’Oréal’s Response to Market Challenges In response to the challenges facing the luxury market, L’Oréal has been actively working to diversify its portfolio. One significant move is the planned acquisition of a 10% stake in the Swiss skincare company Galderma, valued at $1.85 billion. This strategic investment, which involves purchasing shares from Sunshine SwissCo AG—a consortium that includes Swedish private equity firm EQT, the Abu Dhabi Investment Authority, and Auba Investment Pte. Ltd.—is part of L’Oréal’s broader effort to strengthen its position in the global skincare market and reduce its reliance on more volatile luxury segments. Additionally, L’Oréal has continued to invest in its workforce through the expansion of its Employee Share Ownership Plan, launched in 2018. This plan, now available in 63 countries, allows employees to purchase L’Oréal shares at a 20% discount. Over 37,000 employees have participated in the initiative, which aims to align their interests with the company’s long-term growth and values. Nicolas Hieronimus, Chief Executive Officer of L’Oréal Groupe, emphasized that this plan reflects the company’s commitment to fostering a sense of shared ownership and responsibility among its employees. About Francoise Bettencourt Meyers Françoise Bettencourt Meyers controls approximately one-third of L’Oréal, the world’s largest cosmetics company. She became chairwoman of the holding company that manages the family’s stake following the death of her mother, Liliane Bettencourt, in 2017. Under her leadership, L’Oréal has continued to thrive, generating €41.2 billion ($44.5 billion) in revenue in 2023. The Bettencourt family has received more than €10 billion ($11.2 billion) in dividends from L’Oréal over the years, according to analyses of company filings and market data. Beyond her business acumen, Bettencourt Meyers is deeply involved in philanthropy. She oversees her family’s charitable foundation, which is dedicated to advancing French sciences and arts. Notably, following the 2019 Notre Dame Cathedral fire, the Bettencourt Meyers family, along with L’Oréal, donated $226 million towards the restoration efforts.   This philanthropic commitment highlights Bettencourt Meyers’ influence not only in the business world but also in cultural and social spheres.   As L’Oréal navigates the complexities of the current market environment, Bettencourt Meyers remains a central figure in the luxury industry, with her wealth and influence continuing to shape the future of the sector.

[primeinsights1]

Ambani Legacy Continues: Reliance Empowers Ambani's Children with Board

Reliance Empowers Ambani's Children with Board

Reliance started its legacy with the new-age leaders for the Ambani’s empire, Nita Ambani is now making a place for her children Akash, Isha, and Anant by taking a step back from the position of the board of directors.

As per the recommendations by the board meeting, Akash Ambani, Anant Ambani, and Isha Ambani will be the new non-executive directors of the oil-to-retail blend. The approval is still awaited from the shareholders.

Mukesh Ambani is the chairman of Reliance Industries Limited (RIL).

All three Ambani’s always had involvement in the key business of reliance and management for the past few years. The businesses that have their involvement are digital services, retail,  energy, and materials.

Nita Ambani’s resignation will not prevent the company from taking her suggestions for its growth. She will continue attending the meetings of the board as the permanent invitee and will help the company with her valuable advice.

"The Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make an even greater impact for India," it said as per NDTV's latest news report.

In 2021 Mukesh Ambani shared about his family’s succession plan where he described how the businesses will be divided amongst the three children. The new energy business will run under his youngest son Anant Ambani. The telecom and digital business will be going to Mukesh Ambani’s elder son Akash Ambani and Isha Ambani will hand over the retail business.

Mukesh Ambani made a way for his son Akash Ambani to become the chairman of Reliance JioInfocomm Ltd last year. However, Mukesh Ambani will not lose full control and will still be the chairman of Jio Platforms, which holds Reliance Jio Infocomm.

[truthblockchain]

Indian Billionaire Entering The World Of Blockchain

Reliance Industries Ltd. is entering the world of blockchain and central bank digital currencies (CBDCs), its Chairman and Asia's richest man, Mukesh Ambani, announced on Monday.

Ambani's Reliance ventured into the financial sector through its new financial services entity, Jio Financial Services (JFS), launched earlier this month. The development received further momentum with the announcement that BlackRock (BLK) would be a partner. Ambani's Reliance has been one of the most important players in India's digital growth story and its latest foray into CBDCs and Blockchain was declared during the company's biggest event of the year – the annual general meeting.

[jsbmarketresearch01]

Mukesh Ambani’s 66th Birthday Today 19 April 2023, Know About His Journey and Achievements

Mukesh Ambani, the CEO of Reliance Industries, turns 66 today, April 19, 2023. He was born on April 19, 1957, to Dirubhai and Kokilaben Ambani in Yemen. His father Dhirubhai Ambani in the year 1966 founded the Reliance Industries. In 2002, Dhirubhai passed away. Mukesh and his younger brother Anil jointly took over the reins of Reliance. Anil was appointed vice chairman and joint managing director while his older brother assumed the roles of chairman and managing director.

Anil received the financial services units, power generation, and telecommunications through a demerger, while Mukesh regained control of the petrochemicals, oil, and gas units at RIL due to a power struggle between the brothers. Mukesh Ambani identified twins Isha and Akash to take the leadership in retail and telecom last year, and his youngest son Anant for the new energy unit, as part of his succession plan for Reliance Industries Ltd.

1.      Richest Indian

Mukesh Amani became the country's first trillionaire in rupees in 2007. In recent months, Gautam Adani, a fellow businessman from Gujarat, has displaced him as the richest Indian. He did, however, reclaim his position as Asia's richest man in the Forbes Billionaire 2023 list, which was published on April 4. Reliance Industries, with a revenue worth $104 billion market cap with holdings in retail, petrochemicals, telecom, and oil and gas is chaired and operated by Mukesh Ambani.

2.      Net Worth and Education

His net worth is $84.1 billion, ranking him as the 13th richest billionaire in the world. He was born in Aden, Yemen. Here, his father was an attendant at a gas station. He graduated from the University of Bombay (now the University of Mumbai) with a bachelor's in chemical engineering before going on to Stanford University to acquire a master's in business administration.

3.      Family Business

But Mukesh Ambani left the programme in 1981 to work for the family business, where he tried his hand at polyester fibres, petrochemicals, infrastructure, petroleum refining, oil and gas production, communications, and other areas to diversify the business.

4.      Antilla – 27 Floors

The 27-story Antilla, owned by Mukesh Ambani, is among the most costly residences in the entire world. In reality, the skyscraper has 60 levels. His Maybatch, BMW 760 Li, Rolls Royce Cullinan, and other expensive vehicles are parked on the lowest six floors of his Antilia.

5.      Awards and Recognitions

He was named the second-best CEO in the world by the Global Brand Guardianship Index 2023 and was named the fifth-best performing CEO in the world by Harvard Business Review. In addition, Mukesh Ambani was honored with the Businessman of the Year Award in 2010 and the TIME 100 Most Influential People in 2019 and 2020.

6.      Luxury Properties and Private Jets

He is the owner of the Mandarin Oriental, New York, which is a grand and luxurious property as well as Stoke Park, London, UK a 900-year-old hotel.  Mukesh Ambani is also well known for having a variety of extremely expensive private aircraft. He has three private aircraft in total. The estimated cost of the three aircraft—the Airbus A319, Falcon 900EX, and Boeing Business Jet—is Rs.100 crore. Despite his wealth, it is believed that Ambani is a very modest man who loves eating pure vegetarian food cooked at home.

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Richest Person in India

Mukesh Ambani has been consistently ranked as the Richest Person in India for many years, so it is possible that he still holds this title. Mukesh Ambani was born in India in 1957 and is one of the most successful businessmen in the country. He is the Chairman, Managing Director, and largest shareholder of Reliance Industries Ltd., making him one of the leading magnates in India. It is also possible that there may be a new Richest Person in India based on changes in the economy or individual net worth. Forbes or other financial publications may have updated information on this topic.