In a first, the business houses run by Mukesh Ambani and Gautam Adani have entered into an investment agreement, under which Reliance Industries Ltd (RIL), controlled by Ambani, will pick up a minority stake in the latter’s Mahan Energen power project. 


In a first, the business houses run by Mukesh Ambani and Gautam Adani have entered into an investment agreement, under which Reliance Industries Ltd (RIL)

Watch: Collaboration between Ambani's RIL and Adani Power

The brokerage also said that Metro Brands, Sapphire Foods and Style Baazar are the positive outliers, leading with robust revenue and profit after tax (PAT) growth

Holland was previously the chief executive officer of Avendus Capital Public Markets Alternate Strategies

Rising global uncertainty and fear of slowdown in its biggest market, the US, is seen taking a toll on the Indian IT industry's showing, with several analysts now warning that a possibly weak exit for the just-ended FY25 may be followed by an "unexciting guidance" or outlook pullbacks for FY26 as well as pain up ahead in verticals such as retail and manufacturing.
Discretionary spends, they say, would most likely come under cloud, again, dashing any hopes of its near-term recovery. Market watchers further warn that the next 3-6 months could see a build up of negative news -- including earnings cuts and potential pullbacks in FY26 guidance.
Retail and manufacturing verticals are being called out by industry pundits as particularly vulnerable, amid global aftershocks, and market carnage.
That said, some believe that "survival spend" may come into focus, as also GenAI. While near-term prospects remain muted, outlook could turn favourable in the second half of FY26, driven by macro ...

Retail and manufacturing verticals are being called out by industry pundits as particularly vulnerable, amid global aftershocks, and market carnage

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Judiciaries thrive through collaboration and mutual respect and the signing of a MoU with the Supreme Court of Nepal will build institutional comity for the future, Chief Justice of India Sanjiv Khanna said on Monday.
The signing of the memorandum of understanding (MoU) is not a mere formal exchange but the reaffirmation of a centuries-old bond, renewed with a spirit of collaboration, mutual respect and shared purpose, he said at the event.
"India and Nepal are more than just neighbouring countries. Our connection is etched in history and civilisational values. From the sacred Himalayas to the spiritual heritage of Gautam Buddha, our ties transcend borders and have withstood the test of time. These ties are not only visible in our traditions but also in the institutions that underpin our democracies," Chief Justice of India (CJI) Khanna said.
"Among these institutions, the judiciary holds a sacred place. It guards the Constitution, upholds the rule of law, and ensures justice for al

The signing of the memorandum of understanding (MoU) is not a mere formal exchange but the reaffirmation of a centuries-old bond

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The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Watch: Collaboration between Ambani's RIL and Adani Power

In a first, the business houses run by Mukesh Ambani and Gautam Adani have entered into an investment agreement, under which Reliance Industries Ltd (RIL), controlled by Ambani, will pick up a minority stake in the latter’s Mahan Energen power project.

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