Market News
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Minority shareholders ask Supreme Court to revive Jindal Poly class action lawsuit
A group of 29 investors has sought the recall of the Supreme Court's arbitration order, arguing India’s first corporate class action suit was settled without hearing all shareholders represented in the case.
Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?
Tata Capital shares saw a dip on Monday following a significant rally that propelled them to an all-time high last week. Despite a recent surge, the NBFC's stock experienced a correction. Analysts at JM Financial have upgraded their rating to 'Buy', citing strong growth prospects driven by retailization and expansion. The company's robust Q4 performance, with a 43% net profit jump, further bolsters confidence in its medium-term earnings potential.
F&O relaunch had a flywheel effect across business verticals: BSE MD Ramamurthy
BSE managing director and CEO Sundararaman Ramamurthy says the exchange’s 2023 derivatives relaunch triggered growth across all business verticals. He outlines plans to diversify revenue, boost cash-market share and expand index and SME listings.
Big Four firms' India operations shine amid global slump
India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.
Maharashtra’s leasehold land record overhaul to tighten realty deals scrutiny
Maharashtra has ordered that all government leasehold lands be recorded in revenue records with the state government as the sole occupant, while leaseholders will be listed under “Other Rights”. The move aims to prevent ownership claims based on revenue entries and reduce disputes over public land.
RBI overhauls Lead Bank Scheme after review, issues new guidelines
The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.
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.
Sun Pharma adds Innovcare to its fold in Rs 271.2 crore all-cash transaction
India's largest drugmaker, Sun Pharma, is set to acquire Mumbai-based Innovcare Lifesciences for approximately $28.7 million in an all-cash deal. This strategic move aims to bolster Sun Pharma's product offerings. Innovcare, which markets pharmaceutical drugs, nutraceuticals, and cosmeceuticals, reported steady revenue growth in recent fiscal years. The transaction, expected to conclude by July 2026, is a significant step for Sun Pharma's expansion.
Markets Espresso: The wait for mega IPOs, FIIs and the Monsoon!
The week gone by was full of action and the markets are beginning to show some signs of recovery as well. However, there is one factor that could dampen sentiments but market experts are still hopeful that things will fall into place. Read about it all in the latest edition of Markets Espresso by CNBC-TV18.
Amazon Turns 'Water Positive' In India Amid Big Tech's Global Scrutiny Over AI Data Centres
By 2030, Amazon wants all of its data center operations to be water positive worldwide.
Reliance Jio set to file IPO DRHP with SEBI today, Chairman Mukesh Ambani says at AGM
Reliance Industries' Chairman & Managing Director Mukesh Ambani said that the proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capabilities and global value. "I assure you, and all prospective new investors, that a brighter future awaits Jio," he added.
Reliance Industries AGM Live Updates: All eyes on Jio IPO timeline, new energy biz
Reliance Industries AGM Live Updates: The biggest day in the calendar for Reliance Industries Ltd. is here as the oil-to-telecom-to-retail-to-new energy conglomerate will be holding its 49th Annual General Meeting (AGM), starting 2 PM this afternoon. The big focus of the street has been on a clear timeline for the Reliance Jio IPO and that will remain the biggest talking point during the course of Chairman and Managing Director Mukesh Ambani's speech. Watch this space for all the LIVE updates from the AGM.