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No major event that needs disclosure: Adani Enterprises after Wilmar report

The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture

MRPL to phase out exports in next 2-3 years as it adds retail outlets

MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel

Indian rupee falls, caught between dollar rally and likely RBI intervention

The rupee was at 82.9250 to the dollar by 11:02 a.m. IST, down from 82.8450 on Friday

Stock markets trade in red on weak industrial output, global cues

Metal stocks were the top drag, falling about 2%, while auto, public sector bank index were down over 1%, each

Govt plans to roll out welfare measures for gig workers ahead of elections

The government has not calculated the cost of the planned welfare measures as it must get data from the companies

Bond market sees no end to tumult as Federal Reserve casts a hawkish shadow

That uncertainty, along with an increase in new debt sales as the federal government contends with mounting deficits, has weighed on the bond market

SoftBank Group in talks to acquire Vision Fund's 25% stake in Arm

The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion

India's rice planting accelerates with revival of monsoon rains, shows data

Crop-nourishing monsoon rains picked up in July and August, allowing farmers to plant 32.8 million hectares (81 million acres) with rice by Friday, up 5.1 per cent from the same period last year

'A ticking time bomb', says US President Joe Biden on China's economy

The United States, the world's largest economy, has fought high inflation and seen a robust labor market

Voltas reports 19% increase in profit on surge in AC sales in June quarter

Voltas shares closed down 0.98% at 828.55 rupees ahead of the results

Patanjali Foods Q1 profit slumps over 60% as high expenses dent margins

Patanjali's shares closed nearly 2.2% lower ahead of the results. The stock rose nearly 23% in the April-June quarter

Glenmark Pharma Q1 profit drops 22% to Rs 150 crore on higher expenses

Expenses also increased due to a one-time cost of Rs 5202 crore spent during the quarter for repairs at its various manufacturing facilities in India and the United States

Muthoot Finance posts first quarterly profit growth in six quarters

The average loan ticket size grew by 14% year-over-year in the quarter while the total weight of pledged gold jewellery rose by 2%, the company said in a filing

Jindal Steel posts drop in Q1 profit on higher expenses, fall in prices

However, the export duty resulted in a 55% fall in India's steel exports in fiscal 2023, the company said

BEML posts smaller Q1 loss as expenses fall, govt spending increases

The push, which included segments such as defence and transport, came ahead of a parliamentary election due in 2024

Govt expects PLI payouts to rise Rs 13,000 cr this year: DPIIT official

Under the $24 billion scheme, the federal government pays local manufacturers when targets such as sales are met, aiming to boost investment in manufacturing. Targets differ from sector to sector

RBI's incremental CRR move a surprise, policy signal: Standard Chartered

The RBI asked banks to hold incremental CRR of 10% on an increase in deposits between May 19 and July 28 in Thursday's monetary policy decision, when it expectedly kept its key policy rate unchanged

India overnight rates jump on RBI's CRR tweak ahead of trading holidays

The weighted average interbank call money rate jumped to 6.66% from an average of 6.38% between Aug. 1 and Aug. 10, and above the policy repo rate of 6.5%

Domino effect: India rice export ban puts market on edge for similar curbs

Thailand, Vietnam and Pakistan, world's second, third and fourth biggest exporters, respectively, have said they are keen to boost sales since demand for their crops has been rising after India's ban

Adani group plans to raise Rs 1,498 cr via Indian bond market: Report

Adani Airport Holdings and Adani Ports and Special Economic Zone may tap the market first, with offerings of around 10-15 billion rupees