Market News
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Zee Entertainment sues Reliance-Disney over alleged music copyright breach
Zee Entertainment has sued the Reliance-Disney joint venture. Zee alleges the company used its copyrighted music without permission after license agreements ended. Zee is seeking $3 million in damages. The lawsuit highlights growing disputes over content rights in India's media market.
Care Ratings downgrades Goswami Infratech to B+
Care Ratings downgraded Goswami Infratech’s NCDs citing delayed fundraising, extended redemption timeline, weak cash flows and refinancing risks. The firm’s holding structure and reliance on dividends add pressure, though past refinancing success and strategic stakes provide limited financial flexibility support
India's Reliance to shut some units at 660,000 bpd refinery, govt official says
Reliance Industries plans refinery maintenance. Some units at its 660,000 barrels per day refinery will close for three to four weeks. This shutdown follows Nayara Energy's operational resumption later this month. A senior petroleum ministry official confirmed the maintenance schedule. Reliance will undertake routine upkeep of a crude unit and other secondary units.
Maruti's premium play turns 10: Did it truly build a brand or just a better showroom?
Ten years after its launch, Maruti Suzuki's Nexa is at an inflection point, preparing for Nexa 2.0 to re-engage aspirational buyers. Despite facing capacity constraints and a reliance on a few key models, the brand aims to sharpen its identity and premium experience for a younger demographic.
Reliance Industries shares in focus as Mukesh Ambani eyes satellite foray to take on Starlink
Reliance Industries is evaluating a multi-billion-dollar entry into satellite communications, focusing on low Earth orbit networks under Jio Platforms. The initiative aims to strengthen India’s strategic capabilities amid rising global competition, with discussions underway on technology partnerships, orbital slots and potential acquisitions as the company explores long-term opportunities in future.
Reliance eyes billions in LEO satellites to build India's answer to Starlink
Reliance Industries is set to make a significant entry into satellite communications. The company plans a multi-billion dollar investment in the low earth orbit segment. This move positions Reliance against global players like Starlink and Amazon Leo. Six teams are working on various project aspects. The initiative aligns with India's goal for a domestic satcom presence.
Bharti Airtel explores 5G network slicing for premium plans
Bharti Airtel is exploring network slicing. This technology will allow for premium voice and data plans. It aims to monetize its 5G infrastructure. This move follows rival Reliance Jio's enterprise use-case plans. Network slicing creates virtual networks for specific needs. This could boost retail and enterprise offerings.
Intel stock soars 15.4% to fresh all-time high on report of Apple chip partnership talks
Intel shares surged 15.4% to a record high of $120 after reports of Apple considering a partnership for chip manufacturing with Intel and Samsung. The collaboration, still in early discussions, could shift Apple's traditional reliance on TSMC amid rising demand for products.
Nifty May futures trade at premium
Mahindra & Mahindra, HDFC Bank and Reliance Industries were top traded contracts.
India most resilient emerging mkt, better placed to manage shocks: Moody's
India has been the most resilient large emerging market economy since 2020, and its sizeable forex reserves have helped check currency volatility and reinforce confidence during global shocks, Moody's Ratings said on Tuesday. In a report on emerging market, Moody's said India is well placed to manage future shocks because monetary policy frameworks are clear and predictable, inflation expectations are well anchored, and exchange rates can adjust when needed. Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said the country would also enter any future periods of stress with strong and accessible buffers. "India's reliance on domestic funding is balanced by deep local markets and sizeable reserves ... Nevertheless, India's relatively high debt burden and weak fiscal balance limit the amount of space available to respond to successive shocks," Moody's added. It said India had made key policy choices that support stability we
Reliance Industries to shut crude unit at 660,000 bpd refinery for maintenance, sources say
Reliance Industries will shut a crude unit and secondary units at its 660,000 barrels per day refinery for three to four weeks. This maintenance is scheduled for later this month. The shutdown will begin around mid-May. This timing follows Nayara Energy's planned resumption of operations at its refinery. The move aims to prevent any fuel shortages across India.
Reliance cuts exports of alkylates, boosts LPG output
Reliance Industries is increasing liquefied petroleum gas production. The company is reducing output of alkylates, a gasoline-blending component. This move aims to compensate for lost LPG imports from Middle Eastern countries. India faces a severe cooking fuel crisis. The government has directed refiners to maximize LPG production. This is to ensure supply for households.