New Delhi: Adani Enterprises Ltd on Friday issued a formal clarification to India’s stock exchanges, asserting that it is not a party to any legal proceedings in the United States, following media reports suggesting that American regulators were seeking to serve legal summons on senior Adani Group leadership. The clarification…
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Reliance Q3 FY26 Results: Marginal Profit, 11% Growth
Reliance Industries Limited (RIL), led by Chairman Mukesh Ambani, reported a marginal rise in consolidated net profit for the third quarter of FY26, even as revenues recorded double-digit growth. The diversified conglomerate posted a profit of ₹18,645 crore for the December quarter, marking a 0.56% increase year-on-year, while revenue from…
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Gold Shines, Jewellery Stocks Sink: Why It Happened
Jewellery stocks on Dalal Street have sharply underperformed gold prices over the past year, raising concerns among investors. While gold prices have surged over 70% year-on-year, most listed jewellery companies have seen steep declines, with several stocks crashing between 30% and 45%. The divergence highlights a crucial market reality: soaring…
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Indian Markets Rally After Fed Rate Cut Despite Rupee Weakness
Mumbai Indian equity benchmarks snapped a three-session losing streak on Thursday as the US Federal Reserve’s 25-basis-point interest rate cut bolstered global liquidity and market sentiment. The S&P BSE Sensex climbed 0.51% to 84,818.13 points, while the NSE Nifty 50 rose 0.55% to 25,898.55, led by broad gains across sectors….
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Piramal Enterprises to Delist, 1:1 in Piramal Finance
New Delhi: Piramal Enterprises Limited (PEL) has announced that it will delist its shares from stock exchanges on September 23, 2025, coinciding with the record date for its merger with Piramal Finance Limited (PFL). As per the merger scheme, shareholders of PEL will receive equity shares of PFL on a…
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Nazara Tech Stock Crashes After Gaming Bill
Nazara Technologies, India’s only listed online gaming company, faced a sharp fall in its stock price after the Lok Sabha passed the Promotion and Regulation of Online Gaming Bill, 2025. The bill, which seeks to ban all pay-to-play online games, triggered panic selling in the market. Stock Hits 15-Week Low…