India Hot Topics
Rerating Candidate! RIL Becomes 1st Indian Company To Hit M-Cap Of $150 Billion
Reliance Industries (RIL) Market Capitalisation Skyrocketed To $150 Billion In Intraday Trade On June 22, The First Indian Company To Achieve The Feat.
The Stock, Which Hit A Fresh Record High Of Rs 1804.10 On The BSE On Monday, Has More Than Doubled Investors’ Wealth Since Hitting A Low On March 24.
The Scrip Has Gained 20 Percent So Far In 2020.
At 10:00 Am, RIL Was Trading 1.69 Percent Higher At Rs 1,789.
The Rally Seen In RIL Was Swift And Largely Backed By The Deals Which Helped The Mukesh Ambani-Led Company Become Debt-Free Company Well Ahead Of Its Target Of March 2021.
Also Read: What Makes Centre-State Relations Different In National Capital?
The Cumulative Investment Resulting From 11 Deals Struck By Reliance Industries For Its Digital Unit, Jio Platforms, Over The Past Nine Weeks Amounts To Rs 115,693.95 Crore.
The Recent RIL Rights Issue Garnered Rs 53,124.20 Crore. Together With Jio Investments, RIL Managed To Raise Rs 1.68 Lakh Crore To Become Net Debt-Free.
“Within The Short Period Of About 59 Sessions, RIL Had Doubled The Wealth Of The Shareholders Especially During The Time Of The Pandemic. RIL Has Become India’s First $150 Billion Company. In Indian Currency, The Valuation Is More Than Rs 11 Lakh Crores,” Gaurav Garg, Head Of Research At Capitalvia Global Research Limited- Investment Advisor Told Moneycontrol.
Experts Are Of The View That RIL Turning Debt-Free And The Potential Listing Of Jio And Retail Arm Of The Conglomerate Is Likely To Result In A Rerating Of The Stock In The Near Term.
Also Read: A ‘500 Years Old’ Temple, Submerged In The Mahanadi In Odisha, Is 60 Feet In Height.
Not Only Does This Reaffirm Jio’s Potential Transformation As A Technology Giant In The Eyes Of Global Investors, But Also Helped In RIL’s Goal Of Reaching Its Net-Zero Debt Goal At A Faster Clip.
Jio’s Dominant Position Should Allow It To Garner Strong Consistent Growth Over The Long Term. We Are Positive On Jio’s Multiple Monetisation Avenues Coming From Increasing Long-Term Arpus And Other Digital Applications With The Facebook Deal.
Fundamentally, The Fundraising Warrants For Rerating Of The Stock As Unlocking Of Value By Listing Reliance Jio And Retail Will Create Wealth For Its Shareholders From A 3 To 5-Year Perspective. However, The Current 94 Percent Rally In The Past 3 Months Is Unsustainable As The Human Mind Can Easily Extrapolate But Markets Act Differently All The Time.
Investors Think Stock Prices Will Move In A Straight Line But Realistically It Has Its Own Ups And Downs. And A Realistic Growth Path For Reliance Although Is Higher In The Long Term But In The Short, To Medium Term It Will Largely Underperform And Disappoint Investors Who Invest At Higher Levels.
News Source: BussinessToday
Also Read: Actor Sushant Singh Rajput Committed Suicide At His Home In Bandra
Movie
The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.
Madras High Court Grants Early Screenings of Vijay’s “Leo” Movie at 7 AM, Urges TN Government to Address Concerns
The Madras High Court has made a landmark decision in favor of the much-anticipated Tamil film “Leo,” starring actor Vijay. In a significant move, the court has granted permission for early screenings of the movie from 7 AM, urging the Tamil Nadu government to swiftly address any issues and facilitate the smooth release of the film. This decision marks a pivotal moment in the realm of Tamil cinema and the entertainment industry at large.
Historical Context:
The Indian film industry, particularly the Tamil film industry, has seen its share of controversies and challenges related to film releases. Issues such as censorship, political disputes, and public sentiment have often played a significant role in shaping the release schedules and screening times for films. Vijay, one of Tamil cinema’s most prominent actors, has been at the center of such controversies in the past. This decision by the Madras High Court is, therefore, particularly noteworthy.
The Ruling:
The Madras High Court’s decision to permit early screenings of “Leo” comes as a response to a plea filed by the film’s producers. The court, while considering the plea, took into account various factors, including the film’s anticipated popularity and the prevailing circumstances. The court emphasized the importance of accommodating the audience’s interests and allowing them to enjoy the film without disruptions.
A Step Towards Normalization:
The court’s decision signifies a positive shift in the film industry, where release dates and screening times are often mired in controversy. By allowing screenings to commence at 7 AM, the court aims to reduce the chances of public unrest and congestion near theaters, especially in the wake of high-profile film releases.
The Role of the Tamil Nadu Government:
The Madras High Court, in its ruling, also called upon the Tamil Nadu government to cooperate in ensuring a seamless release for the film. This cooperation extends to providing necessary security measures to maintain law and order around theaters during the early screenings.
Implications for the Entertainment Industry:
The decision is expected to set a precedent for the release of other highly anticipated films, not just in Tamil cinema but also in the broader Indian film industry. The court’s emphasis on the importance of accommodating the audience’s interests could lead to more flexible screening times for movies in the future.
The Audience’s Perspective:
For moviegoers and fans of Vijay, this decision comes as a welcome relief. They can now look forward to enjoying the film without any undue delays or disruptions, ensuring a memorable cinematic experience.
In conclusion, the Madras High Court’s ruling to allow early screenings of Vijay’s “Leo” at 7 AM while urging the Tamil Nadu government to resolve any issues paves the way for a more audience-centric approach in the film industry. It is a landmark decision that highlights the importance of balancing the interests of filmmakers and the movie-loving public. This judgment is poised to make a positive impact on the release of future films, ushering in a new era of flexibility and convenience for cinema enthusiasts.
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