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#884 Daily Money Show | Money Purse Stock Market News
Takeaway
Reliance AGM offers 1:1 bonus and massive AI/clean-energy push, Disney-Viacom18 merger clears CCI, and Religare chair faces SEBI show-cause for pre-open-offer share sales.
Summary
- Market: Sensex +349 to 82,134; Nifty +99 to 25,151; midcap -0.44%, smallcap -0.46%, bank nifty flat
- Reliance AGM: announced 1:1 bonus share issue proposal (board meets Sept 5), 'Jio Brain' AI suite for app lifecycle, Jio Phone Call AI (records, transcribes and translates every call into Jio Cloud), 100 GB free cloud storage for Jio users from Diwali
- Reliance Retail entering luxury jewelry segment; 55 compressed biogas plants operational by 2025; solar PV module production to commence with first phase of Jamnagar integrated solar facility completing in coming quarters; 30 GW Advanced Chemistry-based manufacturing facility under construction in Jamnagar, production from H2 next year
- CCI approved Disney India-Viacom18 merger with voluntary modifications — TV18 Broadcast and Network18 Media stocks rallied; once complete, it will become India's largest media & entertainment company
- SEBI issued show-cause notice to Religare Enterprises chairperson Rashmi Saluja: she allegedly sold 1.29 cr Religare shares just days before Burman family's September 2023 open offer announcement — long-running Burman vs Saluja dispute; Religare market cap Rs 8,700 cr; Care Health stake (63%) alone worth ~Rs 10,000 cr unlisted
Reliance AGMDisney mergerReligare
Original description
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