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Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani, has seen its cash reserves skyrocket to an impressive $25 billion (₹2.1 lakh crore) as of March 2024. This milestone positions RIL with the highest cash reserves among India’s listed companies. The cash and cash equivalents of RIL increased by nearly ₹16,000 crore from the previous quarter.

To put this into perspective, around 78% of Nifty200 companies have a market capitalization of less than ₹2 lakh crore, and only 8% of them report revenues exceeding ₹2 lakh crore in FY24.

During the fiscal year, RIL invested ₹1.32 lakh crore ($15.8 billion) in capital expenditure. This spending focused on the nationwide rollout of 5G, expansion of retail infrastructure, and ventures into new energy sectors. As of March 2024, RIL’s net debt stood at $13.9 billion (₹1.2 lakh crore), and the company aims to maintain a net debt to EBITDA ratio of less than 1x.

According to JP Morgan, RIL’s retail and telecom businesses contribute to 50% of the company’s total consolidated EBITDA. The brokerage forecasts that these sectors will account for 95% of RIL’s EBITDA growth over the next three years. “RIL has operated at material negative free cash flow (FCF) for the last three years, driven by spending in Telecom. As that fades, with an EBITDA run-rate of $20 billion a year, the company is expected to deliver positive free cash flow for the next three years,” noted JP Morgan in an investor briefing.

In FY24, RIL reported its highest-ever revenue, exceeding ₹9 lakh crore, driven by strong performance in its consumer and upstream businesses. It also became the first Indian company to surpass the ₹1 lakh crore mark in pre-tax profit. The company’s net profit rose by 7.3% to ₹79,020 crore ($9.5 billion).

On the stock market, shares of Reliance Industries surged by 2.2% on Friday, reaching a new record high of ₹3,197.65 on the NSE. Since the beginning of the year, the stock has rallied by 23%, outpacing the benchmark Nifty50, which has gained 12% in the same period.

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New Delhi, June 29, 2024 — Parliament is set for a stormy session today as both houses, Rajya Sabha and Lok Sabha, reconvene to address pressing national issues, with the alleged NEET-UG paper leak expected to dominate the discussions.

The proceedings of both houses were adjourned on Friday following a tumultuous session marked by the Opposition INDIA bloc’s vociferous demands for a dedicated debate on the NEET-UG issue. The adjournment came as members protested and insisted on prioritizing the discussion on the alleged irregularities in the National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG).

NEET-UG Controversy: The Core of the Debate

Conducted by the National Testing Agency (NTA) on May 5, the NEET-UG 2024 saw around 24 lakh candidates appear for the examination. The results, announced on June 4, have been mired in controversy with allegations of question paper leaks and other significant irregularities surfacing soon after. The scandal has sparked outrage among students, parents, and political leaders alike, leading to demands for a thorough investigation and accountability.

Today’s Proceedings

When Parliament reconvenes at 11 am today, the NEET-UG issue is expected to take center stage. Opposition members from the INDIA bloc have been persistent in their calls for an extensive debate, underscoring the importance of maintaining the integrity of the nation’s education system.

In the Lok Sabha, BJP MP Anurag Thakur is slated to initiate the debate on the Motion of Thanks on the President’s Address. This session is particularly noteworthy as it marks the first sitting of Parliament following the constitution of the 18th Lok Sabha. Thakur’s speech is anticipated to cover a range of topics, but the NEET-UG controversy is likely to be a focal point, given the current public and political climate.

Background and Implications

The NEET-UG examination is a critical gateway for students aspiring to pursue undergraduate medical courses across India. The integrity of such an examination is paramount, and any compromise can have far-reaching implications on students’ futures and the credibility of the educational institutions involved.

The alleged leaks and irregularities have raised serious concerns about the examination’s conduct and the measures in place to prevent such breaches. The Opposition’s insistence on a dedicated discussion reflects the urgency of addressing these concerns to restore public confidence in the system.

What to Expect

Today’s session is likely to be charged with intense debates and demands for action. The Opposition is expected to press for specific details about the investigation into the NEET-UG irregularities, accountability measures, and steps to prevent future occurrences.

The ruling party, on the other hand, will aim to navigate the discussion while highlighting the government’s broader achievements and plans as outlined in the President’s Address. The debate on the Motion of Thanks will provide a platform for both sides to present their perspectives and for the government to respond to the allegations.

Conclusion

As Parliament gears up for what promises to be a crucial session, all eyes will be on how the NEET-UG issue is addressed. The outcome of today’s discussions could have significant implications for the education sector and the political landscape.

Stay tuned for live updates and in-depth coverage of the Parliament session as the nation’s lawmakers deliberate on this critical issue.

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Jasprit Bumrah’s campaign in the ICC Men’s T20 World Cup 2024 will be remembered as one of the most remarkable individual performances in the tournament’s history. Helping India lift the trophy in Barbados, Bumrah’s contributions were recognized with the prestigious Aramco Player of the Tournament award. His stellar performance, amassing 15 wickets at an astounding average of 8.26 and an economy rate of just 4.17, set a new benchmark for excellence in T20 cricket.

Dominance Across the Globe

New York – A Roaring Start

India commenced their World Cup journey in the vibrant atmosphere of the Nassau County International Cricket Stadium in New York. Bumrah set the tone early, delivering a masterclass in precision and control against Ireland. His first three overs conceded just six runs and claimed the crucial wickets of Harry Tector and Josh Little. Bumrah’s disciplined bowling helped restrict Ireland to a meager 96, earning him the Player of the Match accolade.

The encounter against Pakistan four days later proved to be a pivotal moment in the tournament. Defending a modest total of 119, Bumrah struck early to dismiss Babar Azam, finding the skipper’s outside edge. His return spell saw him remove Mohammad Rizwan, turning the tide in India’s favor. Bumrah finished with figures of 3/14, conceding only one boundary and cementing his status as a game-changer.

Super Eights – Unstoppable Force

In the Super Eight stage, Bumrah’s consistency and versatility shone through. Across 12 overs bowled at various venues, he amassed 6/49, playing a crucial role in India’s dominance.

Against Afghanistan in Barbados, Bumrah’s cunning change-of-pace deliveries dismantled Rahmanullah Gurbaz and Hazratullah Zazai within the Powerplay. He later dismissed Najibullah Zadran, conceding a mere seven runs in his four overs.

In Antigua, facing Bangladesh, Bumrah’s lethal bowling at the death thwarted any late challenge to India’s total of 196. He took two vital wickets, including that of skipper Najmul Hossain Shanto, finishing with figures of 2/13.

The final Super Eights match against Australia in St. Lucia saw runs flowing freely, but Bumrah’s expertise in the death overs once again proved decisive. His clever off-cutter dismissed the in-form Travis Head, ensuring India’s top-spot finish.

Semi-Final – England’s Nightmare

Bumrah rose to the occasion in the semi-final against England in Guyana. Teaming up with Axar Patel, he applied relentless pressure early on, reducing England to 34/2 by the fifth over. His off-cutter deceived Phil Salt, shattering the stumps. Bumrah’s return spell saw him trap Jofra Archer lbw, sealing India’s spot in the final.

Final – Clinching Glory

In the grand finale against South Africa in Barbados, Bumrah saved his best for last. Defending a total of 176/7, he made an early breakthrough with a dream delivery to Reeza Hendricks, swinging the ball away at pace to hit the top of the off-stump. As the match reached a nail-biting climax, Bumrah’s brilliance surfaced once more. With South Africa needing 21 runs from 15 balls, he bowled a perfect delivery to Marco Jansen, nipping the ball back between bat and pad. This crucial wicket left the Proteas reeling, and India secured a thrilling seven-run victory.

Bumrah finished the final with exceptional figures of 2/18 from his four overs, sealing India’s triumph and their long-awaited ICC title. His extraordinary performance throughout the tournament not only earned him individual accolades but also solidified his legacy as one of the greatest T20 bowlers of all time.

A Legacy Cemented

Jasprit Bumrah’s T20 World Cup 2024 campaign will be etched in the annals of cricketing history. From his heroics in New York to his match-winning spells in Barbados, Bumrah showcased his genius and mastery over the craft of fast bowling. His ability to deliver under pressure, combined with his tactical acumen, made him an invaluable asset to the Indian team. As India celebrates this monumental victory, Bumrah’s name will forever be synonymous with excellence and brilliance in T20 cricket.

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Barbados: As Team India prepares for the highly anticipated T20 World Cup final against first-time finalists South Africa, skipper Rohit Sharma addressed concerns about Virat Kohli’s form with a confident and optimistic perspective. Kohli, who has struggled for runs since the start of the tournament, has been under scrutiny. However, Rohit believes the star batter is saving his best for the grand finale.

Dominant Semi-Final Performance

India stormed into the T20 World Cup final with a commanding 68-run victory over England in the semi-final on Thursday. Despite rain-related interruptions, India asserted their dominance from the outset. Rohit Sharma led the charge with an aggressive 57 off 39 balls, setting a solid foundation after the early dismissals of Virat Kohli and Rishabh Pant. Suryakumar Yadav provided strong support, contributing 47 off 36 balls, helping India reach a competitive total of 171/7.

In response, England struggled against India’s relentless bowling attack and were bowled out for just 103 in 16.4 overs. This emphatic victory set up a final clash with South Africa in Barbados on Saturday.

Concerns Over Kohli’s Form

Despite India’s dominance throughout the tournament, Virat Kohli’s poor form remains a concern. The star batter has been short of runs since the opening match and managed only 9 runs off as many deliveries in the semi-final. Kohli, who has been opening alongside Rohit, a position he excelled in the Indian Premier League, has found it challenging to replicate his domestic success on the international stage this tournament.

Rohit’s Confident Stance

Addressing Kohli’s form during the post-match presentation, Rohit Sharma expressed confidence in his teammate’s abilities. He dismissed concerns about Kohli’s form, emphasizing the experience and quality the star batter brings to the team.

“He’s a quality player. Any player can go through that. We do understand his class and his importance in all these big games. Form is never a problem because when you’ve played cricket for 15 years, it isn’t a problem. He is looking good, the intent is there. He’s probably saving for the finals,” Rohit told Michael Atherton in the post-match interview.

Eyes on the Prize

India is now gearing up for its third appearance in the T20 World Cup final, with hopes of ending an 11-year ICC title drought. The last time India reached the final was in 2014, where they faced a defeat against Sri Lanka. As the team prepares for the showdown in Barbados, fans and critics alike are eager to see if Virat Kohli will rise to the occasion and deliver a match-winning performance.

The T20 World Cup final promises to be a thrilling encounter, with India aiming to reclaim their position as the champions of the shortest format. All eyes will be on Kohli, hoping he can silence his critics and play a pivotal role in bringing the trophy home.

Stay tuned for the grand finale on Saturday, June 29, as Team India takes on South Africa in what promises to be an epic clash in Barbados.

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In a significant session of the Indian Parliament, President Droupadi Murmu addressed a joint sitting on Thursday, marking her first presidential address since the BJP-led NDA government secured a third consecutive term. During her speech, President Murmu launched a pointed critique of the Emergency imposed by the Congress government in 1975, labeling it the “biggest” and “darkest” chapter in the history of India’s democracy, a direct assault on the Constitution.

Key Issues Addressed

President Murmu also touched upon contemporary concerns, notably the alleged irregularities in the National Eligibility-cum-Entrance Test-Undergraduate (NEET UG-2024). She assured the Parliament that the ongoing Central Bureau of Investigation (CBI) probe into the NEET paper leak case would ensure accountability and transparency.

Following the President’s address, a motion of thanks was proposed in both Houses of Parliament, setting the stage for subsequent discussions among lawmakers. This session marks the commencement of the first meeting of the 18th Lok Sabha, with the Rajya Sabha session starting on the same day.

Election of Lok Sabha Speaker

In a significant development on Wednesday, Om Birla was re-elected as the Speaker of the Lok Sabha. Prime Minister Narendra Modi moved the motion in the House, and Birla emerged victorious against the Opposition’s candidate, Congress MP Kodikkunil Suresh, through a voice vote. This marks the second consecutive term for Birla as Speaker, reflecting the NDA’s continued dominance in the lower house.

Congratulatory Messages and Vision for the 18th Lok Sabha

Post-election, Speaker Birla received congratulations from key political figures, including Prime Minister Modi and Leader of the Opposition Rahul Gandhi, along with various leaders from both the NDA and the opposition. In his address, Birla emphasized the need for a new vision and resolve for the 18th Lok Sabha. He called for the House to become a center of creative thinking and new ideas, aiming to uphold high standards of parliamentary traditions and dignity. Birla underscored the importance of working towards the goal of a developed India, or Viksit Bharat.

Commemoration of Emergency Anniversary

Marking the 50th anniversary of the Emergency imposed on June 26, 1975, Speaker Birla praised the resilience and determination of those who opposed the Emergency and fought to protect India’s democracy. His remarks served as a reminder of the importance of safeguarding democratic principles and the rule of law.

Adjournment of Both Houses

After a day filled with significant addresses and discussions, both Houses of Parliament were adjourned for the day. The session highlighted crucial issues, set the tone for future legislative debates, and reinforced the commitment to democratic values and accountability.

As the 18th Lok Sabha embarks on its journey, the focus will remain on fostering innovative ideas, maintaining parliamentary decorum, and addressing the pressing concerns of the nation.

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In a significant moment of unity, Prime Minister Narendra Modi and Congress leader Rahul Gandhi, who is set to assume the role of Leader of the Opposition, shook hands today in the Parliament as they together welcomed the newly re-elected Lok Sabha Speaker, Om Birla. This gesture marked a fresh chapter in the 18th Lok Sabha.

The Election of Om Birla

The election results were declared by Pro-tem Speaker Bhartruhari Mahtab after the Opposition, which had put forward Congress MP K Suresh as its candidate, chose not to push for a vote on the motion. This led to a smooth re-election for Om Birla, who will now serve as the Lok Sabha Speaker for a second term.

Following the announcement, Prime Minister Modi, accompanied by Parliamentary Affairs Minister Kiren Rijiju and Rahul Gandhi, approached Om Birla’s seat in the front row of the treasury benches to escort him to the Speaker’s chair.

Congratulatory Messages

In his congratulatory message, Prime Minister Modi expressed his confidence in Birla’s leadership, saying, “It is a matter of honour that you have been elected to this chair for the second time. I congratulate you on behalf of the entire House and look forward to your guidance for the next five years. Your sweet smile keeps the entire House happy.”

Rahul Gandhi, representing the Opposition and the INDIA alliance, also extended his congratulations, emphasizing the importance of the Speaker’s role in parliamentary democracy. “You are the final arbiter of people’s voice. The government may have political power, but the Opposition also represents the voice of the people. The Opposition would like to assist you in your work, and I am confident you will allow us to speak in the House,” Gandhi said.

The Role of the Leader of the Opposition

The role of the Leader of the Opposition in India dates back to 1969 when Ram Suhag Singh first held the post. Since then, it has evolved to become a cornerstone of parliamentary democracy. The Leader of the Opposition plays a key part in the appointment of key officials such as the Chief Election Commissioner (CEC), the Central Vigilance Commissioner (CVC), and members of the Central Bureau of Investigation (CBI), the National Human Rights Commission (NHRC), and the Lokayukta. This role ensures a check and balance within the government, holding it accountable to the public.

A New Chapter in Parliamentary Democracy

As the 18th Lok Sabha begins its journey, the collaborative spirit shown by Prime Minister Modi and Rahul Gandhi in welcoming Speaker Om Birla signifies a hopeful start. Their handshake and mutual respect underscore the potential for constructive dialogue and cooperation, crucial for addressing the nation’s challenges and advancing its democratic processes. The coming years will test this unity and the effectiveness of the new leadership roles, shaping the future of India’s parliamentary democracy.

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New Delhi: Prime Minister Narendra Modi emphasized the crucial role of knowledge in making India a developed nation by 2047. Addressing students and faculty at the Sushama Swaraj Auditorium at Nalanda University in Rajgir, Modi asserted that India can attain superpower status by strengthening its education and knowledge systems. The Prime Minister inaugurated the newly built campus of Nalanda University, celebrating its historical significance and traditions.

Modi stated that the rejuvenation of Nalanda University symbolizes the emerging power and capacity of India. He highlighted his government’s commitment to blending development with environmental conservation, citing initiatives like the International Solar Alliance.

Modi reiterated efforts to re-establish India as a global knowledge center, giving it a renewed identity in the education sector.

Dr. Jaishankar, speaking at the event, noted the revival of a global bridge of learning, emphasizing education, training, and capacity building as key to promoting international understanding.

Bihar CM Nitish Kumar lauded Nalanda University’s glorious history as an ancient education center. Modi also visited the ancient Nalanda ruins, a UNESCO World Heritage site. The event was attended by External Affairs Minister S. Jaishankar, Bihar Governor Rajendra Arlekar, Chief Minister Nitish Kumar, Deputy CMs Samrat Choudhary and Vijay Sinha, other delegates, and ambassadors from 17 countries.

The ancient ruins include archaeological remains of a monastic and scholastic institution, featuring stupas, shrines, viharas (residential and educational buildings), and significant artworks in stucco, stone, and metal.

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Prime Minister Narendra Modi emphasized that agriculture will play a pivotal role in making India the world’s third-largest economy. Addressing a large gathering at the PM Kisan Samman Sammelan in Varanasi on Tuesday, he reiterated the central government’s commitment to enhancing farmers’ living standards and prioritizing their income growth.

During the event, PM Modi released the 17th installment of the Pradhan Mantri Kisan Samman Nidhi, disbursing over 20,000 crore rupees to around 9.26 crore farmers. He also awarded certificates to more than 30,000 women from Self Help Groups (SHGs) as Krishi Sakhis.

Highlighting government efforts, Modi noted that more than one crore farmers were added to the PM Kisan scheme during the Viksit Bharat Sankalp Yatra. He underscored his administration’s focus on farmers and housing for the poor since the start of his third term.

The Prime Minister highlighted initiatives to boost agro product exports, creating new marketing platforms for local products like Varanasi’s Langra mangoes, Ghazipur’s lady fingers, and Jaunpur’s radishes.

Reflecting on the recent General Elections, Modi noted that over 31 crore women participated, marking the highest female voter turnout globally, equivalent to the population of the United States.

Union Agriculture Minister Shivraj Singh Chauhan reiterated the government’s goals to increase agricultural production, reduce input costs, and ensure better prices for farmers through proper MSP. Uttar Pradesh Chief Minister Yogi Adityanath praised Varanasi’s development under Modi’s leadership. Other state Chief Ministers and ministers joined the event via video conferencing.

This visit marked Modi’s first to Varanasi after his third consecutive swearing-in as Prime Minister. He received a grand welcome from party workers and expressed gratitude to the people of Kashi for their continued support, reaffirming his deep connection to the land. Modi also held a meeting with farmers at the Kisan Sammelan.

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New Delhi: Kartik Aaryan’s latest venture, Chandu Champion, a sports biography inspired by the life of India’s first Paralympic gold medalist, Murlikant Petkar, is steadily gaining momentum at the Indian box office. Directed by Kabir Khan, the film features an ensemble cast including Vijay Raaz, Bhuvan Arora, Rajpal Yadav, and Shreyas Talpade in key roles.

Released on June 14, 2024, Chandu Champion opened to a promising start with a collection of 5.40 crores on its first day. The film’s earnings saw a significant rise on the second day, amassing 7.70 crores, bringing the total to 13.10 crores by the end of day two.

Early trends for the third day indicate another impressive leap for the film, with estimates ranging between 10 to 10.80 crores. This marks a growth of approximately 29.87-40.25% compared to its Saturday earnings. With these figures, Chandu Champion has crossed the 10-crore mark, taking its cumulative total to an estimated range of 23.10 to 23.90 crores over the weekend.

The film’s team is optimistic about maintaining this momentum, especially with Bakri Eid around the corner, which is expected to further boost box office numbers. However, the film will soon face competition from the highly anticipated Kalki 2898 AD, set to release in ten days.

Adding to the excitement, a special screening of Chandu Champion was organized in Mumbai on Thursday. The event turned out to be a star-studded affair with celebrities such as Vidya Balan, Tiger Shroff, Ananya Panday, Shanaya Kapoor, and Suniel Shetty gracing the occasion. Murlikant Petkar, the inspiration behind the film, also attended the screening, adding a touch of authenticity and honor to the evening.

Kartik Aaryan, known for his successful track record in Bollywood with hits like Bhool Bhulaiyaa 2, Pyaar Ka Punchnama 2, and Sonu Ki Titu Ki Sweety, continues to captivate audiences with his portrayal of Murlikant Petkar. Despite its niche sports genre, Chandu Champion is proving to be a crowd-puller, resonating well with viewers and critics alike.

As Chandu Champion marches ahead with robust box office collections and positive word-of-mouth, it remains to be seen how the film will fare in the coming weeks against upcoming releases. For now, Kartik Aaryan and the team have every reason to celebrate their triumph.

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In a nail-biting encounter at the T20 World Cup 2024, India clinched a narrow six-run victory over arch-rivals Pakistan in New York, showcasing a dramatic and fiercely contested match that kept fans on the edge of their seats. This win not only restored India’s confidence after a surprising Super Over defeat to co-hosts USA in Dallas but also reaffirmed their dominance in the iconic cricket rivalry.

A Battle of Nerves

Held at the Nassau County International Cricket Stadium, the match witnessed India being bowled out for 119 in 19 overs on a challenging pitch. Despite the modest total, India’s formidable pace attack, led by the exceptional Jasprit Bumrah, managed to defend the score against a determined Pakistani side.

Bumrah’s Match-Winning Spell

Jasprit Bumrah emerged as the hero of the match with a phenomenal bowling performance, claiming 3 wickets for just 14 runs in his four-over spell, including 11 dot balls and only conceding a solitary boundary. His efforts, combined with Hardik Pandya’s 2 for 24, were instrumental in choking Pakistan’s middle order during the crucial death overs.

Pakistan’s Stuttered Chase

Pakistan, at one stage, seemed to be cruising towards victory, with Mohammad Rizwan anchoring their innings. They were well-placed at 80 for three in 14 overs, poised to achieve their second T20 World Cup win against India in three years. However, Bumrah’s crucial dismissals of Rizwan and Iftikhar Ahmed turned the tide in India’s favor. Pakistan’s batting lineup faltered under pressure, managing only two boundaries in the death overs and ultimately finishing at 113 for seven in 20 overs.

Reactions from Cricket Legends

Cricket legends were quick to react to India’s thrilling win. Batting icon Sachin Tendulkar praised the Indian bowlers and took a playful dig at Pakistan, tweeting, “India vs Pakistan. New continent, same result. T20 may be a batters’ game, but in New York, bowlers were the Apple of our eyes today. What a thrilling match! Great atmosphere and a wonderful exhibition of our great game in America. Well played, India #INDvPAK #T20WorldCup.”

Virender Sehwag lauded Bumrah’s stellar performance, posting, “Haar se Jitane waale ko Bumrah kehte hain. What a fabulous spell and a very special win in New York.”

Yuvraj Singh, former T20 World Cup winner and one of this year’s tournament ambassadors, attributed the victory to Rohit Sharma’s astute captaincy. “India wins a thrilling low-scoring contest against Pakistan! Rohit’s @ImRo45 strategic masterclass shines through! His clever use of bowlers was the game-changer. Pakistan’s batting struggled to counter India’s precise attack. Well-deserved win for Team India.”

Looking Ahead

Following this intense clash, India will face co-hosts and current table-toppers USA on Wednesday in New York. Their final league game is set against Canada on Saturday in Dallas, where they aim to continue their winning momentum and secure a strong position in the tournament.

The victory against Pakistan has not only lifted the spirits of the Indian team but also set a high standard for the remaining matches in the T20 World Cup 2024, promising more excitement and fierce competition in the days to come.

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