Category: Stock

Shares of Reliance Power and Reliance Infrastructure fell up to 4.9% on Friday after the Directorate of Enforcement (ED) summoned Anil Ambani, chairman and managing director of the Reliance Group, for questioning in connection with an alleged Rs 17,000-crore loan fraud case. Shares of Reliance Power dropped 4.16% to their day’s low of Rs 50.65 […]

Mukesh Ambani-led Reliance Industries (RIL) will hold its 48th Annual General Meeting (AGM) on August 29 at 2 pm. The company has also set August 14 as the record date to determine eligibility of investors for the final dividend for FY25. On April 25, the company’s board had recommended a dividend of Rs 5.50 per […]

The Indian market ended in the red on Thursday but trimmed steeper early losses, as investors interpreted the U.S.’s proposed 25% tariff and unspecified penalties, set to take effect Aug. 1, as a negotiating ploy rather than a definitive policy shift. The BSE Sensex shed 296.28 points, or 0.36%, to close at 81,185.58, while the […]

PB Fintech which operates fintech platforms Policybazaar and Paisabazaar on Thursday reported a 41% year-on-year growth in its Q1 net profit of Rs 85 crore versus Rs 60 crore reported in the year ago period. The profit is attributable to the owners of the company. The company’s consolidated operating revenue grew at 33% to Rs […]

Food delivery platform Swiggy on Thursday said it is actively re-evaluating its 12% minority stake in Rapido due to a potential conflict of interest, following the latter’s announcement of its intention to enter the food delivery business. The company also commented on its quick commerce initiative Instamart, affordability efforts, and the reasons behind the decline […]

Sensex and Nifty may have been able to dodge the Trump tariff bullet as the domestic equity headline indices recovered all the morning losses, but the impact of a 25% tariff on Indian goods announced by US President Donald Trump was seen across export-heavy sectors like textiles, pharma, auto, and shrimp. CLSA’s Vikash Kumar Jain […]

Vedanta Resources (VRL) is looking to prepay a $550- million private credit facility (PCF) as early as next week and has initiated consent solicitation from investors. The company is in talks to raise $700 million from a group of banks, including Barclays, First Abu Dhabi Bank, Mashreq, Abu Dhabi Commercial Bank, Commercial Bank of Dubai, […]

Tata Steel’s consolidated net profit more than doubled on-year to Rs 2,007.36 crore in the June quarter helped by reduced losses in its UK unit and as profitability improved for its operations in India. Profit surpassed market estimates. This helped overshadow a drop in consolidated sales volumes, which fell 3.6% to 7.12 million tonnes for […]

Mahindra & Mahindra Ltd (M&M) posted a 24% year-on-year rise in consolidated net profit to ₹4,083 crore for the quarter ended June buoyed by robust operational performance of its farm and automotive verticals. Consolidated revenue expanded 22% to ₹45,529 crore, reflecting broad-based growth across core and group companies. The company’s auto segment continued to gain […]

Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels. The fines need to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted […]