MUMBAI: The US-based Viceroy Research’s report on Vedanta Group contains serious allegations, causing harm to the conglomerate’s business and reputation, former Chief Justice of India D Y Chandrachud has said in his legal opinion. “The elements required to establish defamation — both civil and criminal — are satisfied in this case, given that Viceroy has…
Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and Reliance Industries Limited (RIL) are likely to face challenges from the fresh sanctions imposed by the European Union on Russia oil.The EU introduced its 18th…
India and the United States have concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA) in Washington. The talks, which took place over four days from July 14 to 17, were led by India’s chief negotiator and special secretary in the department of commerce, Rajesh Agrawal.“The Indian team is coming back,”…
US President Donald Trump on Friday signed the “GENIUS Act,” a new law aimed at regulating payment stablecoins, marking a significant step toward bringing legitimacy and oversight to the cryptocurrency industry. The law, officially titled “Guiding and Establishing National Innovation for US Stablecoins,” represents a major policy shift for digital assets in the US. The…
MUMBAI: The Wealth Company, backed by Pantomath Group, on Friday said it has received Sebi approval to launch its mutual fund business. This made the Wealth Company the first fund house in India to be founded by a woman to receive Sebi nod to start an MF business.The company is led by Madhu Lunawat, also…
BENGALURU: After a 34-year tenure that shaped the company and India’s organised retail sector, Shoppers Stop chairman B S Nagesh announced his retirement at the company’s latest annual general meeting. The board has named Nirvik Singh as the new chairman. Singh described Nagesh’s leadership as “an extraordinary tenure that has shaped the very character, vision,…
MUMBAI: Tata Sons has formed a Rs 500 crore public charitable trust to aid families impacted by the Air India 171 crash in Ahmedabad. It will contribute Rs 250 crore to the AI-171 Memorial and Welfare Trust, while its primary shareholder, Tata Trusts, will match this with Rs 250 crore. This is one of the…
Wall Street edged higher on Friday as the S&P 500 and Nasdaq hovered near record highs, putting US stocks on track for a third winning week in the past four. Strong corporate earnings, easing Treasury yields, and growing speculation of a Federal Reserve rate cut fuelled investor optimism.The S&P 500 rose 0.2% in early trade…
RIL Q1 results FY 2025-26: Mukesh Ambani-led Reliance Industries posted a Profit After Tax (PAT) of Rs 26,994 crore beating Street estimates. The net profit rose 78% from Rs 15,138 crore a year ago.The organisation’s operational income increased by 5.3%, reaching Rs 2,48,660 crore compared to Rs 2,36,217 crore during the corresponding period in the…
Digital and telecom arm of Reliance Industries, Jio Platforms Ltd, reported a 25% year-on-year (YoY) rise in net profit at Rs 7,110 crore for the quarter ended June 30, 2025. The company’s gross revenue for the first quarter of FY26 climbed 19% YoY to Rs 41,054 crore, according to the consolidated earnings release issued by…
