AGM

Speaking at TCS's annual general meeting, the chairman said artificial intelligence will drive the company's next phase of growth, reduce hiring needs and eventually see the software exporter deploy as many AI agents as employees.

Bajaj Finserv's non-executive director Rajiv Bajaj will exit the board due to increased responsibilities at Bajaj Auto. He will not seek re-election at the upcoming AGM. Details here.

Reliance Industries share price declined over 1.5% to its 52-week low of ₹1270.60 apiece in intraday deals today. During the nine-day losing run, the Mukesh Ambani-led company's shares have shed 7%, eroding investor wealth by ₹129,000 crore.

Reliance share price rose by 1.4% following the announcement of its 49th AGM on 19 June 2026. The company reported revenue of nearly ₹11.76 lakh crore in FY26, with a proposed dividend of ₹6 per share for shareholders.

BCCI elections: BCCI's upcoming AGM on September 28 will address leadership roles, including the presidency. Current officials like Saikia, Desai, and Bhatia are likely to remain.

Reliance Industries is poised to benefit from China's efforts to reduce overcapacity, with Morgan Stanley raising its price target to ₹1,701. The company's restructuring and China's policies could boost its energy costs and new-energy earnings significantly by 2027.

Reliance Industries shares fell over 1% following a previous decline, amidst key announcements from its AGM. Analysts remain optimistic about long-term growth, citing Jio's IPO plans and strong retail projections as potential value drivers.

Reliance Industries' AGM highlighted Jio's IPO timeline and a strategic pivot towards AI and sustainable energy. However, RIL's stock fell 2%, influenced by market sentiment and historical patterns. Analysts believe this dip offers a buying opportunity, as long-term growth prospects remain strong.

Ambani expects Reliance Intelligence to have the same impact on the group's future as its venture in the mobile internet-driven digital services had a decade ago.

Isha M. Ambani, executive director of Reliance Retail Ventures Ltd, also said RCPL, its consumer products business, is set to become a direct subsidiary of Reliance Industries.