Reliance Industries’ contribution to the national exchequer rose nearly 3% to Rs 2.16 lakh crore in FY26. The company said government payments formed the largest share of value created, while revenue, EBITDA and annual profit recorded strong year-on-year growth.
Mukesh Ambani is expected to share an update on Jio Platforms’ anticipated IPO at Reliance Industries’ June 19 AGM. Reports suggest Reliance is shifting towards a fresh issue structure to protect retail investors and strengthen Jio’s long-term growth and transparency roadmap.
According to Nuvama Alternative & Quantitative Research, the Indian stock market is set to witness a significant wave of lock-in expiries between May 26 and August 31, as shares of 70 recently listed companies worth nearly $35 billion become eligible for trading.
Reliance Industries Chairman Mukesh Ambani did not take any salary in FY26, continuing a six-year trend. Reliance reported strong annual revenue growth despite profit decline in Q4, while Ambani’s children and senior executives received commissions and remuneration.
The ET Alpha Summit in Mumbai brings together leading market voices to explore how investors should navigate expensive markets amid geopolitical uncertainty, inflation and volatility. The sessions focus on Saurabh Mukherjea’s take on the disappearance of cheap stocks and the need to rethink valuation discipline, alongside Samir Arora’s view on where India’s next wave of wealth creation will emerge through structural shifts and evolving market leadership.
Ace investor Vijay Kedia has urged the government to abolish long-term capital gains (LTCG) tax on listed equities, stating that long-term investors should be recognized as contributors of patient capital rather than speculators. In a post on X, he emphasized that long-term shareholders help businesses grow, generate employment, drive innovation, and support India’s economic development.
GP Petroleums reported an 8% year-on-year profit increase in the fourth quarter, driven by improved operating margins despite a revenue decline due to volatile market conditions. For the full fiscal year 2025-26, the company saw a 5% revenue growth and a slight increase in profit, though a wage provision impacted the annual bottom line.
Despite resilience in the broader market and fresh highs in the Nifty Midcap 150, several midcap stocks remain sharply corrected, trading 40–50% below peak levels amid uneven market recovery.​
Market rotation is unfolding as expected, with largecaps leading, midcaps now outperforming, and smallcaps catching up. ChartAnalytics founder Foram Chheda highlights key support levels and identifies two actionable trade ideas: Naukri, showing a resistance breakout with increasing volume, and Bajaj Auto, confirming a breakout from a well-defined resistance zone with an intact uptrend.
​Salesforce reported better-than-expected FY2027 first-quarter results, driven by strong demand for AI and cloud products. However, cautious revenue guidance and concerns over AI-driven disruption in the software industry weighed on investor sentiment. Markets are now closely watching whether Salesforce’s AI strategy and Agentforce platform can sustain long-term growth.
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