Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of ONGC and a Schedule ‘A’ Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY26, reversing from a Rs 66 crore profit in the same period last year.The company’s board approved the Q1 results during…
Union Bank of India on Saturday reported a 12% rise in net profit to Rs 4,116 crore for the April–June quarter of FY26, compared with Rs 3,679 crore in the same period last year.Total income increased to Rs 31,791 crore in Q1 FY26 from Rs 30,874 crore a year ago. Interest income rose to Rs…
India’s stock market has slipped to the fourth position among Asia Pacific’s preferred investment destinations, according to the latest Bank of America (BofA) survey cited by The Economic Times. This marks a notable shift from its earlier leadership status, as the benchmark Nifty index remains stuck in a two-month consolidation phase with no clear breakout…
The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank.These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The…
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…
The global cryptocurrency market capitalisation touched a record $4 trillion on Friday, positioning the sector as a major investment option from a fringe class, as per the Coingecko data, cited by Reuters.This fresh milestone comes amid renewed investor optimism, increased institutional inflows, and clearer regulatory signals from major economies. Notably, the US House of Representatives…
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…
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,…