Stay Updated on Business News: Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani, and More
The world of business is constantly evolving, and staying on top of the latest news is crucial for investors and entrepreneurs alike. Today, on July 11, 2024, there are several key updates that you need to know about.
Firstly, if you’re looking to send money abroad, you can now open foreign currency accounts in GIFT City. These accounts function like regular bank accounts in India, but instead of holding rupees, you can hold foreign currency like US Dollars. This development opens up a broader range of permissible overseas transactions for individuals and businesses alike.
In other news, the TCS share price has risen ahead of its Q1 results. The stock opened at ₹3944.65 and rose 1.8% to ₹3,979.90. This increase in share price reflects positive sentiment towards the company and its upcoming financial performance.
Additionally, Reliance Jio is expected to have an IPO listing in 2025 at a valuation of $112 billion, according to Jefferies. This listing could potentially add 7-15% upside to the Reliance Industries share price, making it an exciting development for investors.
Furthermore, Yes Bank shares have risen after Moody’s revised its outlook from ‘stable’ to ‘positive’. This upgrade is based on expectations of a gradual improvement in the bank’s depositor base, signaling positive momentum for the institution.
Overall, the business landscape is dynamic and full of opportunities for growth and investment. By staying informed about the latest developments, you can make informed decisions and stay ahead of the curve in the world of business.
