Reliance Launches AI at AGM 🤖
Your daily dose of business news
🗞️ India’s Q1 GDP Grows 7.8%
India’s economy accelerated as GDP grew 7.8% in Q1 FY26 versus 6.5% a year ago, led by resilient services and steady consumption.
💬 Expert Take: “A 7-handle keeps India among the world’s fastest growers—watch investment momentum and export headwinds into H2.”
🗞️ Reliance Unveils ‘Reliance Intelligence’
Mukesh Ambani announced Reliance Intelligence—an AI platform backed by green, gigawatt-scale data centres aimed at training and inference at national scale.
💬 Expert Take: “Owning compute plus distribution (Jio/Retail) could make RIL a uniquely integrated AI player in India.”
🗞️ LIC Hands ₹7,324 Cr to Govt
Life Insurance Corporation handed over a dividend payout of ₹7,324 crore to the exchequer for FY25, post AGM approvals.
🗞️ Fiscal Gap at 29.9% of FY Target
The Centre’s fiscal deficit reached 29.9% of the full-year goal by end-July, reflecting front-loaded spending alongside steady receipts.
🗞️ RIL Set for AGM Today
Reliance Industries holds its AGM on Aug 29; investors watch updates across retail, Jio, and new energy.
🗞️ Gross FDI Stays Firm; Net Moderates
Finance ministry data show gross FDI inflows remained robust in May–June even as net FDI softened amid higher outflows.
🗞️ Mobile Link Shields Jan Dhan Accounts
Linking mobiles to PMJDY accounts is curbing unauthorised diversions and improving targeting of benefits, per govt sources.
🗞️ Russian Oil Savings Overstated?
A study suggests India’s gains from Russian oil imports may be closer to $2.5 billion than popular estimates.
📊 Market Update – 29 Aug 2025
📉 Sensex: 79,809.65 (−0.34%)
📉 Nifty 50: 24,426.85 (−0.30%)
💱 USD/INR: ₹88.19 per $ (rupee at all-time low)
🥇 Gold (24K, India): ₹1,02,610 per 10g (₹10,261/g)