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India's top court provides relief to Reliance in 2007 securities market fraud case - Reuters
India's top court provides relief to Reliance in 2007 securities market fraud caseReuters
India's top court provides relief to Reliance in 2007 securities market fraud case - Yahoo Finance Singapore
India's top court provides relief to Reliance in 2007 securities market fraud caseYahoo Finance Singapore
S&P 500, Nasdaq hit record highs as US-Iran ceasefire talks lift sentiment
S&P 500, Nasdaq and Dow hit fresh highs as US Iran talks and ceasefire hopes lift sentiment, oil prices ease, and Dell Technologies surges on strong AI demand
US Stock Market Today: Dow Jones, S&P 500, Nasdaq Edge Higher As Oil Cools; Traders Await Iran Truce Deal
Crude oil prices eased a bit with Brent crude down 1.71% to $92.11 per barrel.
Moody's upgrades Reliance Industries rating to Baa1, now 2 notches above India's sovereign rating
The ratings agency said Reliance benefits from "counter-cyclical business segments, significant international exposure (with over one-third of revenues derived from exports), and limited reliance on government-linked revenues," which support its ability to generate stable earnings across business cycles.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
Indian stock markets rise on US-Iran peace deal hopes and lower oil prices - News On AIR
Indian stock markets rise on US-Iran peace deal hopes and lower oil pricesNews On AIR
Dow, S&P 500, Nasdaq futures edge higher as oil prices fall
US stock futures edged higher on Friday as investors tracked developments around the fragile US-Iran ceasefire, while oil prices declined amid easing supply concerns. Markets also awaited further updates on negotiations between Washington and Tehran.
INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
As Jio IPO timeline nears, Ambani weighs on broadening stakeholder participation
Reliance Industries Chairman Mukesh Ambani is preparing Jio Platforms for its initial public offering. The company is looking at ways to bring in more stakeholders. This move comes as the IPO is slated for the first half of 2026. Jio Platforms has shown strong financial growth. Its profit after tax increased by 15 percent in the year ended March 2026.
Sensex, Nifty slide for third session amid monsoon concerns and global uncertainty
Investors remained cautious as they assessed the prospects of peace in the Middle East and its potential impact on crude oil prices. Market participants are seeking greater clarity on the geopolitical front before taking fresh directional bets.
Indian economy shows resilience as global economy faces uncertainty, says RBI bulletin
In India, economic activity stayed strong despite global pressures, said the RBI monthly bulletin. Industry and services maintained momentum, while agriculture benefited from good rainfall and healthy reservoir levels. Food inflation pushed CPI inflation up to 3.5% in April, though core inflation stayed steady. Trade deficit widened due to higher crude oil and gold imports. Liquidity conditions remained easy, keeping short-term rates below the policy repo rate, though government bond yields edged higher.