Anil Ambani's Reliance Infrastructure Ltd has slashed its standalone debt by 87 per cent to Rs 475 crore after it cleared outstanding dues of Life Insurance Corporation of India, ICICI Bank and other lenders, the firm said on Wednesday. In stock exchange filings and press statements, Reliance Infrastructure said its standalone external debt has reduced from Rs 3,831 crore to Rs 475 crore. "Consequently, the net worth of the company will stand at Rs 9,041 crore."
Delhi's peak power demand reached an all-time high of 8,302 MW on Wednesday afternoon as the city logged its highest-ever temperature of 52.3 degrees Celsius at the Mungeshpur weather station.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
A new book by former West Bengal governor Gopal Krishna Gandhi claims that former chief election commissioner T N Seshan proposed an immediate halt to the general election process after Rajiv Gandhi's assassination in 1991 and even offered to become home minister. Gandhi, who was joint secretary to then president R Venkatraman, writes that Seshan was the one who broke the news of the assassination to the president and arrived at the Rashtrapati Bhawan "super-fast" that night. According to Gandhi's account, Seshan told Venkatraman that he felt the election process needed to be stopped and that he was ready to take on the role of home minister if necessary. However, Prime Minister Chandra Shekhar and Cabinet Secretary Naresh Chandra assured the president that the situation was under control and that there was no need to pause the election process. Seshan's suggestions were ultimately ignored, but he did manage to postpone the second and third phases of polling.
From the Sensex pack, Asian Paints, NTPC, Reliance Industries, Tata Steel, Bajaj Finserv, Hindustan Unilever, Sun Pharmaceuticals, Adani Ports & SEZ, Axis Bank, Tata Consultancy Services, Titan and Bajaj Finance were the major gainers. Tech Mahindra, Kotak Mahindra Bank, Zomato, Tata Motors, and IndusInd Bank were the laggards.
The interplay between domestic and foreign capital will shape India's equity markets.
Prannoy fought back to level at 13-13, but Popov surged ahead as the Indian crumbled.
'This was earlier driven by industries and the commercial sector.'
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
Trump said his administration also dismissed Biden-era lawsuits against police and fire departments that were portrayed as racist for using writing tests, physical exams, and credit checks in their hiring processes.
From the 30-share Sensex pack, Adani Ports surged 6 per cent. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers. In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were among the laggards.
Raut said a Congress-AAP alliance would have crushed the BJP in Delhi assembly polls, as counting trends show the Arvind Kejriwal-led party losing many seats amid the saffron surge.
'Elections and audience interest in specific movies are often independent factors.'
Larsen & Toubro, Axis Bank, Reliance Industries, UltraTech Cement, Mahindra & Mahindra, IndusInd Bank, ICICI Bank and Tata Steel were the other big gainers. Sun Pharma, HCL Technologies, Asian Paints, Nestle and Infosys were the laggards.
Prasidh Krishna has emerged as a key weapon for Gujarat Titans -- especially in the middle overs, where his extra pace and bounce have rattled batters.
From the 30-share Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement, Adani Ports, Reliance Industries, Larsen & Toubro, JSW Steel, Hindustan Unilever, Titan and Tata Motors were the biggest gainers. Power Grid, Nestle, State Bank of India and Infosys were the laggards.
'Shreya (Ghoshal) ma'am said she hasn't heard a voice like mine before, and added that even in the future, there won't be another voice like mine.'
Global fund managers witnessed one of their largest-ever declines in assets under custody (AUC) during the ongoing correction in the Indian markets, as stocks came under pressure from foreign outflows and the weakening rupee.
618 companies were part of the billion dollar club when the markets reached all-time highs on September 26, 2024. That number has fallen to 500 following a $1 trillion wipeout in India's market capitalisation amid relentless selling by FPIs.
The top-seeded duo, who also competed at the Paris Olympics, showcased a dominant performance to outclass Li and Wang 21-18, 21-12 in the summit clash that lasted 43 minutes.
Hardik Pandya walked out with the scoreboard reading 99 for 4, and a daunting 222 to chase. The Wankhede was subdued, the Mumbai Indians innings gasping after SKY's stuttering knock. What followed was a spell of breathtaking power-hitting that nearly flipped the game -- and left the crowd in awe.
FOMO-driven investing is reshaping India's stock market. Swati Saxena explains how social media hype fuels risky bets and how to protect your wealth.
'Gyanendra back on the throne would be bad news for the Nepali people. He may not have learnt from his experience, but we have.'
Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers. However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
Investing is not just about setting aside money -- it's about making it work for you, says Ramalingam Kalirajan.
"Yunus has no experience in running a government," the deposed prime minister said adding, "We need to put an end to this lawlessness."
Modi underlined his commitment to taking strict action against the corrupt amid criticism by opposition parties that probe agencies were used by his government to target their leaders.
It's a demoralising loss for especially considering Japan did not field their full-strength team, with several top players absent.
'The country is a good test bed for enterprise adoption, but to scale rapidly, companies will need to look outside the country for customers.'
Major Indian carmakers are preparing for sluggish domestic PV sales growth of just 1-2 per cent in FY26.
Mumbai City FC secured a comfortable 3-0 victory over Mohammedan Sporting Club in the Indian Super League, thanks to a second-half offensive surge.
Lakshya Sen couldn't overcome the relentless Hu, losing 19-21, 19-21 in a thrilling contest.
Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.
Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers. ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.
A round-up of Saturday's action in the Premier League.
A summary of Saturday's action in LaLiga, Serie A, Bundesliga and Ligue 1.
From the Sensex pack, Reliance Industries, Bajaj Finserv, HDFC Bank, Adani Ports, Maruti Suzuki India, Axis Bank, Hindustan Unilever, Sun Pharmaceuticals and Asian Paints were among the laggards. Reliance Industries fell the most by 2.38 per cent to close at Rs 1,171.10 apiece.
'A major IT services firm that previously had a demand of 1,000 to 2,000 employees now requires 7,000 to 8,000 -- a sizeable jump from the previous quarter.'
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