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Nifty trades above 24,100 level; media shares in demand
At 12:26 IST, the barometer index, the S&P BSE Sensex gained 374.55 points or 0.49% to 77,177.13. The Nifty 50 index jumped 101.55 points or 0.41% to 24,113.90.
INR seen under pressure as DXY stays upbeat ahead of US data
The Indian rupee came under pressure in opening trades on Monday as dollar index remains firmly above 100 mark assessing geo-political situation in Middle East. As per media reports, US President Donald Trump over the weekend threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran. Markets now look ahead to the weeks release of the US PCE price index, the Federal Reserves preferred measure of inflation after Fed left rates unchanged last week. Meanwhile, INR opened at Rs 94.42 per dollar and slipped to a low of 94.48 so far during the day. On Friday, the counter ended at 94.33. Easing crude oil price from multi-year highs are however lending some support to the counter. Local equities in positive zone are also supporting rupee to some extent.
Gold, silver prices today: Rates rise on MCX on value buying amid progress in US-Iran peace talks
Gold, silver prices today: Rates rose on the MCX due to value buying after media reports suggested progress in US-Iran peace talks. However, an uptick in the US dollar and 10-year bond yields capped gains.
CCPA fines Storia Foods, English Oven Rs 1 lakh each for misleading '100%' claims on food labels
Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh each by the Central Consumer Protection Authority. The penalty stems from misleading '100%' claims on their product packaging, falsely representing product composition. Both firms are now mandated to immediately remove these deceptive claims from all platforms, including websites and digital media, following action under consumer protection laws.
Kunal Shah’s Cred scales biometric UPI users to near 10 million
The milestone comes as Cred looks to widen the use of its payments products beyond credit card bill payments. Previous media reports indicated Cred had about 13 million monthly active users in June 2024, while its monthly transacting users rose 14.5% to 12.6 million in FY25.
Reliance's media biz clocks Rs 34,917 cr revenue in FY26; JioHotstar cross 1 billion downloads
Reliance's media arm achieved a significant Rs 34,917 crore revenue in FY26, with JioHotstar becoming India's top digital streamer and the first Indian paid OTT to hit one billion downloads. The integrated media ecosystem, including JioStar and Jio Studios, delivered strong EBITDA and net profit. JioStar leads TV viewership, while JioHotstar boasts 451 million monthly users and record-breaking concurrent viewers.
FSSAI issues notices to Bikanervala, Marico, Param Dairy on consumer complaints, law violation
In a social media post, Food and Safety Standards Authority of India (FSSAI) said it has issued notices to several food business operators (FBOs) for violating provisions of the FSS Act, 2006 regarding misleading brand names, trade names, and product claims, labelling violations and other consumer complaints.
Jio Platforms flags social media ban on minors as potential business risk
According to estimates, Facebook had 403 million monthly active users in India, Instagram 481 million, and YouTube 500 million, making India one of the largest markets for social media globally
JioStar rolls out JAMS, betting on GenAI to reshape premium content production
JioStar, Reliance's media arm, has launched JioStar GenAI Media Studio. This platform uses artificial intelligence to create premium content for India. The initiative was announced at Reliance Industries' AGM. JioStar leads India's media market with a significant viewership share. The platform aims to produce content across various languages and formats for diverse Indian audiences.
Yatra Online gains on report of potential stake sale to Ixigo; BSE seeks clarification
Shares of Yatra Online rose 2.20% to Rs 113.57 on Friday after a media report said online travel platform Ixigo is evaluating the acquisition of a 15-20% stake in the company from its promoters.
K Wave Media receives Nasdaq deficiency notice on market value By Investing.com - Investing.com India
K Wave Media receives Nasdaq deficiency notice on market value By Investing.comInvesting.com India
Analysis: X Was Seen As Elon Musk's Ego Project. SpaceX Listing Reveals His Grand Plan
Elon Musk's X is now part of the SpaceX-xAI ecosystem, reshaping the battle for AI, data and digital influence in a challenge to the social media status quo.