Wall Street ended on a mixed note on Friday, with the S&P 500 and the Nasdaq Composite closing at record highs as optimism around potential US-Iran peace talks lifted investor sentiment, even as the Dow Jones Industrial Average edged lower. The broad market index rose 0.8%, while the tech-heavy Nasdaq gained 1.6%, with both benchmarks…
Reliance Industries reported a steady performance in its retail business for the fourth quarter, supported by festive demand, store expansion and rapid growth in hyperlocal delivery. Revenue for the retail segment rose to ₹98,457 crore in Q4, compared with ₹97,912 crore in the previous quarter and ₹88,637 crore a year ago. EBITDA stood at ₹6,921…
Reliance Jio is advancing towards the listing of its parent platform, with Chairman and Managing Director Mukesh Ambani reiterating that the proposed IPO will mark a defining milestone in the company’s growth journey. Commenting on the business outlook, Ambani said Jio continues to see strong traction across mobility, home broadband and enterprise services, which has…
Hyderabad-based CPaaS player Tanla Platforms Limited on Friday announced a second interim dividend for the ongoing financial year, signalling continued cash returns to shareholders amid evolving dynamics in the enterprise messaging space. In a regulatory filing, the company said its board has approved a dividend of ₹6 per equity share, representing 600% of the face…
Jio Platforms Ltd., Reliance Industries Ltd.’s telecom arm, reported a sequential improvement in its key operating metrics for the March quarter, Reliance Industries said on Friday, April 24, with average revenue per user (ARPU) rising to ₹214 from ₹213.7 in the December quarter and ₹206.2 a year ago. The company’s subscriber base rose to 524.4…
Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 68.43% year-on-year decline in net profit for the fourth quarter at ₹117 crore, compared with ₹371 crore in the same period last year. According to exchange filings, the company’s revenue rose 3.2% to ₹28,493 crore from ₹27,602 crore a year ago. Earnings before interest, taxes, depreciation and…
Reliance Retail Ventures Ltd reported a sharp expansion in its hyper-local commerce business in Q4 FY26, with average daily orders rising more than four times year-on-year and up 29% sequentially, intensifying competition for players such as Blinkit and Zepto. The company said hyper-local commerce growth was driven by rapid scale-up across grocery, electronics, and fashion…
Non-banking financial company L&T Finance Ltd on Friday (April 24) reported a 26.79% year-on-year increase in net profit at ₹806.63 crore for the fourth quarter, compared with ₹636.2 crore in the same period last year. Net interest income (NII) rose 24.8% to ₹3,024 crore from ₹2,423.2 crore a year ago. Return on assets (RoA) improved…
Out of the total profit of ₹95,754 crore (including minority interest), Reliance Industries contributed ₹43,851 crore on a standalone basis. By Yoosef K April 24, 2026, 10:57:46 PM IST (Updated) Reliance Industries Ltd (RIL) reported a historic milestone in FY26, with net profit crossing the $10 billion mark for the first time, making it the…
The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank with effect from April 24, 2026, formally bringing to an end a prolonged regulatory crackdown that had already rendered the entity largely non-operational over the past two years. The licence has been revoked under Section 22(4) of the Banking Regulation Act,…
