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Commenting on the quarterly results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Reliance has made a steady start to FY27, with all businesses delivering strong operating performance. Our diverse business portfolio has once again demonstrated its resilience in a quarter which witnessed continuing geopolitical tensions and volatile commodity markets. Source link

Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…

Nasdaq-listed travel platform MakeMyTrip Ltd. has confidentially filed a pre-filed draft red herring prospectus (DRHP) for the proposed initial public offering (IPO) of its Indian subsidiary, MakeMyTrip (India) Ltd., according to a regulatory filing with the US Securities and Exchange Commission (SEC) on Friday, July 17. The confidential filing has been submitted to the Securities…

US stock futures traded lower on Friday, July 17, with technology stocks leading the decline, as a fresh sell-off in semiconductor shares and concerns over artificial intelligence spending weighed on investor sentiment. Futures tied to the tech-heavy Nasdaq-100 dropped nearly 1.9%, while S&P 500 futures fell about 0.9%. Dow Jones Industrial Average futures were down…

Non-deposit-taking NBFC Poonawalla Fincorp Ltd on Friday (July 17) reported a net profit of ₹308 crore for the quarter ended June 30, 2026, compared with ₹63 crore in the corresponding period last year. The company’s Net Interest Income (NII) grew 87.5% year-on-year to ₹1,196.8 crore from ₹638.3 crore. Including fees and other income, NII stood…

Telecom infrastructure firm RailTel Corporation of India Ltd on Friday (July 17) disclosed a new litigation matter involving 3i Infotech Limited, which has initiated arbitration proceedings against the company related to the Wi-Fi Monetisation Project. The matter has been filed before an Arbitration Tribunal, with 3i Infotech as the claimant and RailTel as the respondent….

Tata Technologies Ltd. reported lower net profit for the quarter ended June 2026, even as its revenue and operating performance improved on a sequential basis, aided by steady growth in its services business. The Tata Motors subsidiary posted a consolidated net profit of Rs 181 crore in the first quarter of FY27, compared with Rs…

The investment bank upgraded the AI name to buy from hold. I also hiked its price target on shares to $366 from $260, suggesting 10% upside from Thursday’s close.  Apple has more room to run, even after hitting an all-time high this week, due to its artificial intelligence push and new product launches, according to…

Reliance Chairman Mukesh Ambani, his wife and three children — Isha, Akash and Anant — hold 1.61 crore shares, or 0.12 per cent stake, each in Reliance, according to the latest shareholding filing by the company. His mother K D Ambani holds 3.14 crore shares, or 0.24 per cent, in Reliance. Source link

The impact of El Niño on rural demand and the possibility of agricultural commodity shortages could become key concerns for India’s food industry in the coming months, Hemant Malik, Divisional CEO at ITC Foods, told CNBC-TV18. While food supplies are currently available, prices remain a challenge and any disruption to the monsoon could affect rural…