Reliance Industries And Meta Join Forces: Unpacking The AI Joint Venture Reliance Industries Ltd., on Saturday announced the formal incorporation of a new joint venture with Meta Platforms, Inc.’s subsidiary Facebook Overseas, Inc. This move is to focus on developing, marketing, and distributing enterprise AI services, according to the filing. The new entity, named Reliance […]
LIC Slams Washington Post Report As ‘False And Baseless,’ Denies External Influence On Investments Life Insurance Corporation of India has issued a rebuttal denying a recent report by The Washington Post that alleged its investment decisions, particularly concerning the Adani Group, are influenced by external factors or were guided by a roadmap drafted by Indian
Global Cues to Set the Tone for Indian Markets The week ahead is poised for significant action with a heavy line-up of corporate results, a jam-packed economic calendar, and a key IPO. The markets will closely watch for signals from the high-level meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday.
Seshasayee Paper’s Q2 Results: A Detailed Analysis Seshasayee Paper and Boards Ltd. reported a 21.3% decline in net profit for the second quarter of FY26, with a consolidated bottom-line of Rs 22.4 crore against Rs 28.5 crore in the year-ago period. The company’s revenue also saw a 13.1% decline to Rs 346.3 crore from Rs
Introduction to Gold’s Bull Run and Its Recent Crash Gold, often considered a safe-haven asset, has been on a bull run, scaling fresh highs in the beginning of the week. However, this upward trend was short-lived, as gold prices corrected sharply, plunging 6.3% to $4,082.03 an ounce on Tuesday, marking the biggest drop since 2013.
Lenskart IPO: A New Opportunity for Indian Investors Lenskart Solutions, the popular eyewear products maker, is all set to open its maiden public issue on October 31. The Softbank-backed company aims to raise Rs 2,150 crore via fresh shares, while promoters and investors will be offloading 12.75 crore equity shares via offer-for-sale. The Lenskart IPO
Studds Accessories IPO: An Overview Faridabad-based helmet manufacturer Studds Accessories Ltd. is set to open its public issue on Oct. 30. The IPO, which closes on Nov. 3, is a pure offer-for-sale (OFS) of up to 77.9 lakh equity shares by its promoters and existing shareholders. This marks the company’s second attempt at a market
Vedanta Resources Raises $500 Million Via Bond Issuance: A Strategic Move Anil Agarwal-led Vedanta Resources Ltd (VRL) has raised $500 million through bonds in October, marking a significant step in its deleveraging roadmap. The company will use the proceeds to repay near-term obligations, including a $550 million Private Credit Facility (PCF). Deleveraging Roadmap As per
Mcap Of Top Firms Surges: Reliance, TCS Lead The Charge The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities. Market Trends Last week,
SEBI Proposes Uniform KYC Process For Mutual Fund Folios: A Boost For Indian Investors The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing a uniform process for opening mutual fund folios and executing the first investment. This move aims to ensure that all new folios are fully Know Your Client