The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.
Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during their talks in Beijing that Tehran must reopen the strait
Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.
Tata Steel Q4 Results: Tata Steel reported a consolidated net profit of Rs 2,965 crore in the March-ended quarter versus Rs 1,201 crore in the year ago period, a 147% YoY growth.
A potential dropping of US fraud charges against Gautam Adani could signal the end of an eighteen-month defensive period for the Adani Group. This development is expected to reopen doors to global capital, enable debt repricing, and allow the conglomerate to prioritize growth over legal concerns, according to market observers.
Ace investor Vijay Kedia has urged Anand Mahindra to unlock the “hidden tourism giant” within Mahindra Holidays, arguing that strong demand for domestic travel and Club Mahindra’s brand strength are being overshadowed by losses at its overseas unit. He called for a strategic review to refocus on India and enhance shareholder value.
The rupee fell 0.3% to 96.05 per U.S. dollar, eclipsing its previous all-time low of 95.9575 in the previous session.
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
Zerodha CEO Nithin Kamath highlighted the challenges NRIs face while investing in India, calling the process unnecessarily difficult despite strong diaspora interest. While Ashish Kacholia supported his concerns over regulatory friction and capital flow hurdles, veteran investor Shankar Sharma disagreed, describing the investment process for NRIs as smooth and seamless.
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