MUMBAI [Maha Media]: The rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 (provisional) against the US dollar on Thursday, as a hawkish stance from the US Federal Reserve sparked a broad dollar rally.

Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low on Thursday, as the US Federal Reserve adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.

The US Federal Reserve cut interest rates by 25-bps to 4.5 per cent, in line with estimates. However, it signalled only two rate cuts in 2025 from its previous expectations of four rate cuts.
 

MUMBAI [Maha Media]: The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front.

Forex traders said dollar demand from importers and foreign banks and a muted trend in domestic equities further dented investor sentiments.

At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, registering a fall of 1 paisa over its previous close.
 

MUMBAI [Maha Media]: The BSE Sensex remained negative for the third straight session on Wednesday, tumbling down 502.25 pts to close at 80,182.20 ahead of the Federal Reserve Meet outcome. The investors are awaiting the decision of Federal Reserve Monetary policy. 

The National Stock Exchange (NSE) slipped 137.15 pts at 24,198.85.

The BSE Sensex opened at 80,666.26, easing 18 pts. During the day it tanked 634 pts at 80,050.07 days low, before closing at 80,182.20, down 502.25 pts from its previous close. The Nifty registered days high and low at 24,394.45 pts and by 24,149.8 pts respectively. The stocks that lost were Utilities by 2.06 pc, Power by 1.78 pc, Capital Goods by 1.56 pc and Metal by 1.44 pc. 

The Mid-cap eased by 0.61 pc and the Small cap by 0.76 pc. In 30 scrips, 8 advanced while 22 declined. The losers were Tata Motors by 2.75 pc to Rs 157.90, Power grid by 2.42 pc to Rs 322, NTPC by 1.85 pc to Rs 342.80, and Adani Ports by 1.66 pc to Rs 1211.60. The gainers were TCS by 0.71 pc to Rs 4355, Reliance Industries by 0.67 pc to Rs 1253.50, Sun Pharma by 0.63 pc to Rs 1800.75 and Tech Mahindra by 0.50 pc to Rs 1778.65.
 

MUMBAI [Maha Media]: The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the US dollar in early trade on Tuesday, weighed down by foreign fund outflows and a muted trend in domestic equities.

Forex traders said the rupee is likely to remain under pressure due to dollar demand from importers and foreign banks.

At the interbank foreign exchange, the rupee opened at 84.89 against the greenback, then fell further to 84.92 against the American currency, registering a fall of 1 paisa over its previous close.
 

MUMBAI [Maha Media]: Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate decision.

Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 per cent to 80,612.20.

The NSE Nifty tumbled 332.25 points or 1.35 per cent to 24,336.

NEW DELHI [Maha Media]: Tech giant Google on Monday announced the appointment of Preeti Lobana as the new country manager and vice president for India.

She succeeds Sanjay Gupta, who recently transitioned to an elevated role as President of the Asia Pacific region at Google.

As the new Country Manager and Vice President for India, Lobana will play a key role in shaping Google's strategy to bring the transformative power of Artificial Intelligence (AI) to all customers, fostering innovation, a Google release said.
 

MUMBAI [Maha Media]: The rupee fell 3 paise to 84.83 against the US dollar in early trade on Monday, dragged down by a muted trend in domestic equities and elevated crude oil prices.

Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.

At the interbank foreign exchange, the rupee opened at 84.83 against the greenback, registering a fall of 3 paise over its previous close.
 

MUMBAI [Maha Media]: Benchmark indices Sensex and Nifty closed lower on Monday due to weak global cues amid caution ahead of the US Fed interest rate decision later this week.

The 30-share BSE benchmark Sensex declined 384.55 points or 0.47 per cent to settle at 81,748.57. During the day, it dropped 581.84 points or 0.70 per cent to 81,551.28.

The NSE Nifty lost by 100.05 points or 0.40 per cent to 24,668.25.

MUMBAI [Maha Media]: Benchmark indices Sensex and Nifty ended sharply higher on Friday amid heavy buying in telecommunication stocks and encouraging domestic inflation data.

After falling 1,207.14 points in morning trade, the 30-share BSE benchmark Sensex recovered all the lost ground later and jumped 843.16 points or 1.04 per cent to settle at 82,133.12. During the day, it surged 923.96 points or 1.13 per cent to 82,213.92.

The NSE Nifty climbed 219.60 points or 0.89 per cent to settle at 24,768.30 after falling 367.9 points in intra-day trade.
 

MUMBAI [Maha Media]:The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices.

An elevated dollar index and muted domestic equity markets weighed on the Indian currency even as investors were awaiting cues from domestic inflation data to be released later in the day, forex traders said.

At the interbank foreign exchange, the rupee opened at 84.85 against the greenback, registering a fall of 2 paise over its previous close.
 

MUMBAI [Maha Media]: Equity market benchmark indices Sensex and Nifty climbed in early trade on Thursday driven by buying in IT stocks amid a firm trend in the global peers after US CPI inflation came on expected lines fuelling bets of a 25 basis point rate cut by the Federal Reserve next week.

The 30-share BSE benchmark Sensex climbed 83.73 points to 81,609.87 in early trade. The NSE Nifty went up 12 points to 24,604.45.

Among the 30-share Sensex blue-chip pack, Tech Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, HCL Technologies and ICICI Bank were the biggest gainers.
 

MUMBAI [Maha Media]: The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor.

Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee.

At the interbank foreign exchange, the rupee opened at 84.87, its all-time low against the greenback, registering a fall of 2 paise over its previous close.
 

MUMBAI [Maha Media]: Benchmark equity indices Sensex and Nifty closed higher in restricted trade on Wednesday as investors awaited key US inflation data for further cues.

The 30-share BSE Sensex rose by 16.09 points or 0.02 per cent to close at 81,526.14 even as 17 of its constituents declined and 13 advanced.

Snapping its three-day losing run, the broader NSE Nifty advanced 31.75 points or 0.13 per cent to settle at 24,641.80.
 

MUMBAI [Maha Media]:The rupee recovered from its all-time low and appreciated 8 paise to 84.78 against the US dollar in morning trade on Tuesday, supported by fresh foreign fund inflows and a positive trend in domestic equities.

The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India.

Forex traders said Shaktikanta Das's departure introduced uncertainty, as his tenure was marked by policies that safeguarded the rupee against drastic declines. "Adding to this volatility, Sanjay Malhotra's stance prioritising economic stability over revenue concerns stirred mixed reactions," CR Forex Advisors MD Amit Pabari said.
 

MUMBAI [Maha Media]: Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country.

Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.

"Immensely grateful to the Hon'ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts," he said in a post on X from his personal handle.
 

MUMBAI [Maha Media]: Snapping a losing streak of the last two sessions, the BSE Sensex on Tuesday ended flat at 81,510.05, rising 1.59 pts on the strength of Realty, IT, and Metal stocks while the National Stock Exchange (NSE) slipped 8.95 pts at 24,610.05.

High fluctuation was seen during the day, as the Sensex opened in green up 67 pts. During the day it rallied 218 pts at 81,726.34, days high. In late trade it erased earlier gains and tumbled down 326 pts at 81,182.09, a day low, before closing at 81,510.05, improving 1.59 pts from its previous close. The Nifty registered days high and low at 24,677.80 pts and 24,510.65 pts respectively. The stocks that moved up were Realty by 1.22 pc, IT by 0.70 pc and Metal by 0.22 pc. The Mid cap rose by 0.30 pc and Small-cap by 0.33 pc. In 30 scrips, 13 advanced while 17 declined. The gainers were Bajaj Finserv by 1.65 pc to Rs 1665, HCL Technology by 1.31 pc to Rs 1934.55, SBI by 1.09 pc to Rs 867.20 and Infosys by 1.09 pc to Rs 1946.35. The losers were Bharti Airtel by 1.30 pc to Rs 1581, Tech Mahindra by 0.90 pc to Rs 1765.50, Adani Ports by 0.89 pc to Rs 1255.10 and Axis Bank by 0.73 pc to Rs 1155.
 

NEW DELHI [Maha Media]: Finance Minister Nirmala Sitharaman has said that the government plans to appoint 2 lakh Bima Sakhis or insurance agents over the next three years.

Addressing a function to launch ‘Bima Sakhi Yojana’ in Panipat, Ms Sitharaman said, 25 thousand Bima Sakhis will be appointed this year. Finance Minister said, each woman’s insurance agent volunteer will receive a stipend of 7,000 rupees per month in the first year, 6,000 rupees per month in the second year, and 5,000 rupees per month in the third year.

Prime Minister Narendra Modi yesterday launched the ambitious Bima Sakhi Yojana at a function in Panipat, Haryana. The ‘Bima Sakhi Yojana’ initiative by the Life Insurance Corporation of India (LIC) aims to empower women aged 18-70 years, who have completed Class 10.

Ms Sitharaman said the Central government under the leadership of Prime Minister Narendra Modi is implementing several schemes which are aimed at empowering women. Finance Minister said in this year’s Budget, 3.3 lakh crore rupees have been earmarked for women-related schemes in the country.
 

MUMBAI [Maha Media]:  The rupee depreciated 8 paise to close at 84.74 (provisional) against the US dollar on Monday, dragged down by fresh foreign fund outflows and a muted trend in domestic equities.

Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.

At the interbank foreign exchange, the rupee opened at 84.70 and touched the lowest level of 84.73 against the greenback during intra-day trade. The unit ended the session at 84.74 (provisional) against the dollar, registering a fall of 8 paise over its previous close.
 

MUMBAI [Maha Media]: Equity benchmark indices Sensex and Nifty ended lower on Monday, dragged down by selling in blue-chip stocks Reliance Industries, Hindustan Unilever, Axis Bank and mixed global trend.

After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 200.66 points or 0.25 per cent to settle at 81,508.46. During the day, it moved between the high of 81,783.28 and low of 81,411.55.

The NSE Nifty slipped 58.80 points or 0.24 per cent to close at 24,619.
 

JAIPUR [Maha Media]: The Adani Group is planning to invest Rs 7.5 lakh crore across sectors in Rajasthan, a senior company official said on Monday.

While speaking at the Rising Rajasthan Summit Adani Ports and SEZ, Managing Director Karan Adani said 50 per cent of the total investment will be made within the next five years.

"Adani Group plans to invest over Rs 7.5 lakh crore across various sectors," he said.

He said that the company plans to build the world’s largest integrated dream energy ecosystem involving 100 gigawatt of renewable energy, 2 million tonnes of Hydrogen and 1.8 gigawatt related to hydro projects.

“These investments will build Rajasthan into an oasis of green jobs,” Adani said.

MUMBAI [Maha Media]: The Reserve Bank on Friday enhanced the collateral-free agriculture loans limit to Rs 2 lakh per borrower from the existing Rs 1.6 lakh in view of inflation and rise in farm input costs.

At present, banks are required to extend collateral-free agriculture loans up to Rs 1.6 lakh per borrower.

This limit was enhanced from Rs 1 lakh, set in the year 2010 to Rs 1.6 lakh in the year 2019.
 

RANCHI [Maha Media]: Jharkhand Chief Minister Hemant Soren on Friday distributed portfolios among the new ministers, keeping key departments such as Home, Personnel and several others to himself, according to a government notification.

Radhakrishna Kishore, a Congress MLA, got Finance, Commercial Tax, Planning and Development Department, and Parliamentary Affairs departments.

Jharkhand Mukti Morcha (JMM) legislator Deepak Biruwa was allotted the departments of Revenue, Registration and Land Reforms (non-registration), and Transport, the notification said.

Chamra Linda, another JMM leader, was allotted the departments of Schedule Tribes, Scheduled Castes, Backward Classes (except Minority Welfare).

RJD's Sanjay Prasad Yadav was given the departments of Industries, and Labour, Planning, Training and Skill Development.

Irfan Ansari of the Congress got Health, Medical Education and Family Welfare, besides Food, Public Distribution and Consumer Affairs, and Disaster Management departments, the notification said.

The chief minister also kept to himself the departments of Cabinet Secretariat, Personnel, Administrative Reforms and Official Language, Road Construction, Building Construction, and those departments yet to be distributed to anyone.

Among the other ministers, JMM’s Ramdas Soren was given the School Education and Literacy, and Registration departments.
 

MUMBAI [Maha Media]: Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday, snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply cut the FY25 GDP growth forecast.

After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 56.74 points or 0.07 per cent to finally settle at 81,709.12. Intra-day, it gyrated 419.72 points, hitting a high of 81,925.91 and a low of 81,506.19.

In the past five trading days, the BSE benchmark jumped 2,722.12 points or 3.44 per cent.
 

MUMBAI [Maha Media]:  The rupee slumped to its all-time low of 84.76 (provisional) against the US dollar after dropping 8 paise on Wednesday amid a strengthening greenback and increase in crude prices.

Forex traders said a positive trend in domestic equity markets and foreign fund inflows supported the local unit at lower level.

At the interbank currency exchange, the rupee opened at 84.66 and traded in the range of 84.65-84.76. Eventually it settled at 84.76 (provisional), 8 paise lower than Tuesday's close of 84.68.
 

MUMBAI [Maha Media]: The BSE Sensex remained on top for the fourth consecutive session on Wednesday, advancing 110.58 pts to close at 80,956.33 following gains in Realty, Financial services, and Bankex stocks. 

The National Stock Exchange (NSE) rose 10.30 pts to 24,467.45.

Though an oscillation was seen during the day, the Sensex finished in the green only. As it opened strong at 81,036.22, up 191 pts. During the day it rallied 400 pts at 81,245.39, the day's high, before closing at 80,956.33, rising 110.58 pts from its previous close. Meanwhile, it slipped 215 pts at 80,630.53, the day's low. The Nifty registered days high and low at 24,573.20 pts and 24,368.30 pts, respectively. The stocks that kept the market firm were Realty by 2.13 pc, Financial Services by 1.19 pc, and Bankex by 0.91 pc. 

The mid cap rose 0.83% and Small cap by 0.68%. In 30 scripts, 15 advanced while 15 declined. The gainers were HDFC Bank by 1.60 pc to Rs 1856, Bajaj Finserv by 1.41 pc to Rs 1630, NTPC by 1.36 pc to Rs 372.50, Titan by 1.01 pc to Rs 3368, and TCS by 0.93 pc to Rs 4341.30. The losers were Bharti Airtel by 2.17 pc to Rs 1584.50, Tata Motors by 1.63 pc to Rs 788.10, Adani Ports by 1.58 pc to Rs 1268.40, and Powergrid by 1.36 pc to Rs 325.25. 
 

MUMBAI [Maha Media]: The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.69 (provisional) against the US dollar in a range-bound trade on Tuesday, amid a positive trend in domestic equities.

Forex traders said the rupee has been on a downtrend largely on the back of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows.

US President-elect Trump on Saturday threatened a 100 per cent tariff on BRICS nations if they act to undermine the US dollar.
 

MUMBAI [Maha Media]: Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets.

The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to settle at 80,845.75. During the day, it surged 701.02 points or 0.87 per cent to 80,949.10.

The NSE Nifty went up by 181.10 points or 0.75 per cent to 24,457.15.

Top Nifty gainers included Adani Ports, NTPC, Adani Enterprises, Axis Bank and SBI, while losers were Bharti Airtel, ITC, Hero MotoCorp, HDFC Life, and Sun Pharma.

Indian rupee ended flat at 84.69 per dollar on Tuesday versus Monday’s close of 84.70.

In the previous season, Sensex ended 445.29 points higher at 80,248.08, whereas Nifty concluded 144.95 points up at 24,276.05.
 

NEW DELHI [Maha Media]: Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra.

In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per cent annual growth that was partly impacted by the severe heat wave and other weather-related disruptions.

The international passenger traffic growth for Indian carriers increased and stood at 16.2 per cent in the first half of the current financial year.
 

NEW DELHI [Maha Media]: Uber has made a splash in the transport sector by launching its first water-based service in Asia, allowing users to book a shikara ride on Dal Lake in Srinagar using its app. This new service aims to combine modern technology with traditional experiences, enhancing tourism in Kashmir's scenic landscape.

The company has introduced this water transport service with an initial fleet of seven shikaras and plans to expand based on customer uptake. Uber's water transport initiative in India also aligns with its offerings in Europe, including Venice, Italy. Notably, the company is passing all fees to its shikara partners without taking any commission.

This strategic move is expected to significantly benefit local shikara operators. According to the Shikara Owners Association, the app-based service will help eliminate bargaining, offering a stable, assured income for boat owners. Uber's already established cab service in Srinagar primes the region for this new venture.
 

NEW DELHI [Maha Media]: Rupee opened on a flat note and rose just 2 paise from its all-time low level to 84.58 against the US dollar in morning trade on Monday, on disappointing macroeconomic data and a negative trend in domestic equities.

Forex traders said Asian currencies like CNH, KRW and IDR were down after Trump Rhetoric on BRICs currency. Besides, the broad strength of the American currency and unabated foreign portfolio outflows further dented investor sentiments.

President-elect Donald Trump on Saturday threatened a 100 per cent tariff on the BRIC bloc of nations if they act to undermine the US dollar.
 

NEW DELHI [Maha Media]: India’s potential GDP growth is in the range of 6.5-7 per cent and the country should be able to achieve it on the back of things that done already in the last 10 years, Chief Economic Advisor V Anantha Nageswaran said on Monday.

The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year.

Addressing IVCA’s GreenReturns Summit, he said, "India's potential GDP growth is in the range of 6.5-7 per cent and we should be able to achieve it on the back of things that we have done already in the last 10 years—whether it is in terms of augmenting the physical infrastructure or achieving financial inclusion."

Emphasising the investment areas, he said, "We all know about the issue of intermittency. The investment shouldn't focus on setting up solar power plants or wind energy plants as we need to take into consideration the increasing cost of recycling solar panel waste and wind turbine waste. That is an area to invest in."
     
The other areas to invest in is the area of grid capabilities and technologies which will be able to withstand the intermittency of supplies from these renewable energy sources, he said.
     
With 45 years remaining for India to meet its commitment to achieving net-zero carbon emissions by 2070, he said about the complex challenge of balancing robust economic growth with the urgent need for environmental sustainability.
     
He also shared the current strategies and steps and urged for a collaborative approach.
 

MUMBAI [Maha Media]: The BSE Sensex on Monday advanced further by 445.29 pts to close strong at 80,248.08 following gains in Consumer Durable, Realty and Commodities stocks amid strong global cues. 

The National Stock Exchange (NSE) rose 144.95 pts at 24,276.05.

High volatility was witness during the session as the Sensex opened negative at 79,743.87, declining 59 pts. It was tanked 494 pts at 79,308.95, days low during the day.

In late trade, it erased earlier losses, and ended strong at 80,248.08, surging 445.29 pts from its previous close.

Meanwhile, it was rallied 535 pts, to 80,337.82, days high. The Nifty registered days high and low at 24,381.70 pts and by 24,008.65 pts respectively. The stocks that glittered were Realty by 3.16 pc, Consumer Durable by 2.26 pc, Commodities by 1.59 pc and Consumer Discretionary Goods and Services by 1.14 pc. The Mid cap rose 1.05 pc and Small cap rose by 0.84 pc.  In 30 scrips, 21 advanced while 9 declined. The gainers were Ultracemco by 3.93 pc to Rs 11639.65, JSW Steel by 2.47 pc to Rs 990.05, Adani Ports by 2.18 pc to Rs 1215.60, Tech Mahindra by 1.81 pc to Rs 1742.55 and Titan by 1.73 pc to Rs 3305.60.

The losers were NTPC by 1.55 pc to Rs 558.20, Hind Unilever by 0.67 pc to Rs 2479.50, Kotak Bank by 0.67 pc to Rs 1755 and IndusInd Bank by 0.60 pc to Rs 990.45. Asian Market was also seen strong, as Strait Times was up 0.32 pc, Hang Seng by 0.65 pc and Taiwan Weighted by 2.09 pc. 
 

MUMBAI [Maha Media]: Reliance Industries - India's largest corporate by revenues, profits, market value and social impact - topped the 2024 Wizikey News Score ranking as India's most visible corporate in the media, the AI-powered media intelligence firm said.

Reliance's visibility across media is significantly higher than even the leading FMCG or banking and finance companies in India.

Reliance scored 97.43 out of 100 on the News Score for 2024. It was 96.46 in 2023, 92.56 in 2022, and 84.9 in 2021, showing consistent growth year after year while being number one throughout.

The Wizikey's News Score is determined by the volume of news, headline presence, reach of publications, and readership. Reliance has continued to top the Wizikey News Score annual rankings since its inception for each of the last five years.

Reliance ranking was above the rest of the field with an unassailable News Score of 97.43, followed by State Bank of India (89.13), HDFC Bank (86.24), One97 Communications (84.63), ICICI Bank (84.33), and Zomato (82.94) in the Wizikey rankings.

The Wizikey News Score is a metric that measures a brand's media presence in India by considering various factors, including news volume (the amount of news about a brand), headline presence (how often a brand's name appears in headlines), publication reach (the reach of publications that cover a brand), and readership (the readership of publications that cover a brand).

The score ranges from 0 to 100 and is based on monitoring over 4,00,000 publications.

Wizikey uses artificial intelligence, big data, machine learning, and media intelligence to calculate the News Score.

In the 2024 ranking, Bharti Airtel is in the seventh position, followed by Infosys, Tata Motors, Tata Consultancy Services (TCS) and ITC. Adani Group's flagship firm Adani Enterprises is ranked at 40.

Wizikey's News Score is the world's first standardised metric to measure news visibility for brands and individuals, using artificial intelligence (AI), big data, machine learning and media intelligence.

According to Wizikey's research, Reliance stands head and shoulders above the rest in terms of PR efficiency. Its score at 201.4k in terms of volume, 41.6k of headlines, 13.7k under the publication parameter and 57.2 bn on the readership criteria - each parameter representing a wide 30-100 per cent gap over the rest of the field.

The continuing leadership in the Wizikey rankings is yet another feather in the cap for Reliance's in-house communications team, which has won multiple accolades in the past.
 

NEW DELHI [Maha Media]: The Supreme Court of India has deferred a crucial hearing on the contentious Krishna Janmabhoomi and Shahi Masjid dispute, originally scheduled before a bench led by Chief Justice Sanjiv Khanna and Justice Sanjay Kumar. The case involves a series of petitions scrutinizing the ownership rights over the contested site.

The Committee of Management Trust Shahi Masjid Idgah has approached the apex court, contesting the Allahabad High Court's August 1 order. The High Court dismissed petitions challenging the admissibility of multiple lawsuits filed by Hindu devotees claiming rights over the location believed to be Lord Krishna's birthplace.

The mosque committee's plea, filed by advocates Mehmood Pracha and RHA Sikander, seeks to overturn the High Court's decision, describing it as flawed. The committee argues the suits were improperly merged, combining varied pleadings and reliefs into a single judgment, ignoring distinct legal barriers such as the Limitation Act and the Places of Worship Act.
 

MUMBAI [Maha Media]: Erasing huge losses, the BSE Sensex on Friday rallied 759.05 pts at 79,802.79 following gains in Healthcare, Telecom, and Utilities stocks amid mixed trends in the Asian Market. The National Stock Exchange (NSE) rose 216.95 pts at 24,131.10. The Sensex opened at 79,032.99, easing 11 pts.

It further slipped 17 pts at 79,026.18, a day low. Later, it jumped nearly 880 pts at 79,923.90, a days high, before closing at 79,802.79, surging 759.05 pts from its last close. The Nifty registered days high and low at 24,188.46 pts and 23,927.15 pts respectively. The stocks that lifted the market were Health Care by 2.05 pc, Telecom by 1.53 pc and Utilities by 1.46 pc. 

The Mid-cap rose by 0.31 pc and the Small-cap rose by 0.76 pc. In 30 scrips, 27 advanced while 3 declined. The gainers were Bharti Airtel by 4.40 pc to Rs 1629, Sun Pharma by 2.91 pc to Rs 1785.60, M& M by 2.45 pc to Rs 2970.80 and Ultrasemco by 1.78 pc to Rs 11193.35. The losers were Powergrid by 1.32 pc to Rs 329.30, Nestle India Ltd by 0.07 pc to Rs 2237, SBI by 0.05 pc to Rs 838.35 and Infosys by 0.02 pc to Rs 1857. 

Asian Market saw a mixed trend, as Strait Times was up 0.05 pc, and Hang Seng by 0.29 pc. Kospi fell by 1.99 pc, Taiwan Weighted by 0.16 pc and Set Composite by 0.03 pc. 
 

MUMBAI [Maha Media]: The rupee fell 7 paise to trade at 84.47 against the US dollar in early trade on Thursday weighed down by a muted trend in domestic equities and strength of the American currency in the overseas markets.

Forex traders said the latest Federal Open Market Committee (FOMC) minutes reveal a significant shift in the Federal Reserve's outlook. The Fed is likely to put downward pressure on short-term interest rates, reducing the appeal of dollar-denominated assets and contributing to the decline in the Dollar Index.

At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close.
 

MUMBAI [Maha Media]: Equity benchmark indices Sensex and Nifty surrendered early gains to plunge nearly 1.50 per cent on Thursday, weighed down by intense selling in market heavyweights Infosys, RIL and HDFC Bank amid a mixed trend in global equities.

The BSE benchmark Sensex slumped 1,190.34 points or 1.48 per cent to settle at 79,043.74. During the day, it tanked 1,315.16 points or 1.63 per cent to 78,918.92.

The NSE Nifty tumbled 360.75 points or 1.49 per cent to 23,914.15.
 

MUMBAI [Maha Media]: The rupee declined sharply by 15 paise to close at 84.44 (provisional) against the US dollar on Wednesday amid uncertainties surrounding US President-elect Donald Trump's trade policies and an increase in crude oil prices.

However, a strong show at the domestic equity markets, FII inflows along with a weakening dollar against major currencies supported the local unit at lower level, according to forex traders.

At the interbank currency exchange, the rupee opened at 84.38, lower by 9 paise from its previous close, but declined to an intra-day low of 84.48 during the session. It settled at 84.44 (provisional), 15 paise lower than Tuesday's close of 84.29.
 

NEW DELHI [Maha Media]: Embattled billionaire Gautam Adani and his aides have not been charged under the US Foreign Corrupt Practices Act, an Adani Group entity said on Wednesday, adding that they faced three other charges, including securities and wire fraud that are punishable with monetary fines.

The US Department of Justice's (US DOJ) indictment filed in a New York Court last week does not mention Gautam Adani, founder chairman of the ports-to-energy conglomerate, his nephew Sagar, or Vneet Jaain in any count related to conspiracy to violate the FCPA, Adani Green Energy Ltd (AGEL), said in a stock exchange filing.

AGEL is at the heart of the allegation of USD 265-million bribes being paid to Indian officials to secure solar power sale contracts that could benefit bring in USD 2 billion of profits over 20-year period to the firm.

The three -- executives at AGEL -- have only been charged with securities fraud conspiracy, wire fraud conspiracy, and securities fraud, the company said. In general, the penalties for such charges are less severe than bribery.

Gautam and Sagar also face a civil complaint over violation of sections of the Securities Act, and aiding and abetting Adani Green to violate the Act, the company said.

Adani Group had last week denied all allegations as baseless, and said it would seek legal recourse to defend itself.

The FCPA makes it a crime for a company or person with US links -- such as a public listing, American investors or a joint venture -- to pay or offer something of value to another government's officials for favourable treatment. While none of the Adani group firms trade in the US, some of them like AGEL do have American investors invested in equity or debt.

"Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC.

"These directors have been charged on three counts in the criminal indictment namely alleged securities fraud conspiracy, alleged wire fraud conspiracy, and alleged securities fraud," it said.

The US DOJ and the United States Securities and Exchange Commission (US SEC) have issued a criminal indictment and brought a civil complaint in the US District Court for the Eastern District of New York, against Gautam Adani, Sagar Adani and Vneet Jaain.

"The indictment does not specify any quantum of any fine/penalty," the company said.

Former attorney general and senior counsel Mukul Rohatgi backed Adani Group's claims saying in his assessment there are five charges or counts and Adani and his aides have not been charged under Count 1 or 5 which deal with allegations of 'conspiracy to violate the FCPA' and 'conspiracy to obstruct justice' respectively.

Adani and his aides have been charged under other Counts which relate to securities and bonds.

He said the indictment -- equivalent to a chargesheet filed in an Indian court -- does not name a single person who was paid a bribe.

Senior Supreme Court advocate Mahesh Jethmalani, too, said there is no offence in the indictment against the Adanis or AGEL.

Both lawyers are part of Adani's defence team.

AGEL in the filing said the civil complaint alleges that the executives violated certain sections of the Securities Act of 1933 and the Securities Act of 1934, and to have aided and abetted AGEL's violation of the Securities Act of 1933 and the Securities Act of 1934.

"Although the complaint prays for an order directing the defendants to pay civil monetary penalties, it does not quantify the amount of penalty," it added.

DOJ has alleged that between 2020 and 2024, senior executives of Adani Green, Azure Power and CDPQ (Caisse de dépôt et placement du Québec, a Canadian institutional investor and Azure's largest shareholder) participated in a scheme to bribe Indian government officials to ensure the execution of lucrative solar energy supply contracts with Indian government entities.

During the same period, senior executives of Adani Green conspired to misrepresent the company's anti-bribery practices (to US-based investors and international financial institutions) and concealed from those investors and institutions their bribery of Indian government officials to obtain billions of dollars in financing for green energy projects, including the corrupt solar energy supply contracts.

In addition, senior executives of Azure Power and CDPQ conspired to obstruct the US government's investigations into the bribery scheme.

Those charged in Count 1 are Ranjit Gupta, Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal. Those charged in Count 5 are Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra and Rupesh Agarwal.

Adani Group companies have lost about USD 54 billion in market capitalisation since the US indictment.

Also, international credit rating agencies, including Moody's and Fitch, have downgraded their outlook on several Adani firms. These downgrades are based on anticipated increased capital costs and weakened access to funding due to the legal challenges.

Another fallout was AGEL cancelling a USD 600 million debt raising through green bonds despite it being subscribed over three times.

The DOJ indictment appeared exactly on the day, AGEL launched its bonds.

French oil major TotalEnergies, which holds investments in AGEL and Adani Total Gas, has halted new investments in Adani firms.

US International Development Finance Corporation has announced that it is reviewing its USD 550-million port development loan to the Adani-led consortium developing CWIT, a container terminal in Colombo Port. The agency said it is assessing the implications of the indictments on the project's integrity and compliance.

Investment firm GQG Partners, which invested in Adani Group firms as they were hammered following damning allegations of fraud levelled by Hindenburg Research, has seen a drop in value of its holding in the conglomerate.

US investment bank Jefferies, a significant supporter of the Adani Group, is reconsidering its relationship following the charges. This reassessment reflects concerns over reputational risks and compliance issues.
 

MUMBAI [Maha Media]: Equity benchmark indices began the trade on a firm note on Wednesday amid fresh foreign fund inflows and a rally in the US markets.

Concerns over tariff threats by US President-elect Donald Trump, however, instilled volatility in the market during the morning trade.

The BSE benchmark Sensex climbed 166.1 points to 80,170.16 in early trade. The NSE Nifty went up 74.35 points to 24,268.85.
 

MUMBAI [Maha Media]: The rupee fell 3 paise to close at 84.32 (provisional) against the US dollar on Tuesday, as the greenback strengthened due to Donald Trump's tariff plans and a muted trend in domestic equities.

Forex traders said US President-elect Donald Trump's comments that he would impose additional 10 percent tariffs on Chinese goods and a 25 percent levy on imports from Mexico and Canada have affected risk sentiment.

Traders are also awaiting the Federal Open Market Committee (FOMC) minutes of the November 7 meeting for further cues.
 

MUMBAI [Maha Media]: Benchmark equity indices ended their two-day winning streak, closing Tuesday's session in negative territory. The BSE Sensex shed 105.79 points or 0.13 per cent to settle at 80,004.06. The index traded within a range of 80,482.36 to 79,798.67 during the session.
  
Similarly, the NSE Nifty50 settled 27.40 points or 0.11 per cent lower at 24,194.50, after reaching an intraday high of 24,343.30.
 
Adani Group shares posted losses of up to 7 per cent after rating agencíes Fitch and Moody's downgraded the outlook on several Group companies to 'Negative'. Adani Green and the flagship firm Adani Enterprises were worst hit.
 
Out of the 50 constituent stocks of Nifty50, 27 ended in the red, dragged down by Adani Enterprises, Adani Ports, Ultratech Cement, Bajaj Auto, and Sun Pharma, with losses extending up to 4.02 per cent. Conversely, Shriram Finance, Britannia Industries, Asian Paints, Bharat Electronics, and Infosys were among the 23 gainers, with gains extending up to 3.26 per cent.
  
Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 index closing 0.82 per cent higher. The Nifty Midcap 100 index, on the other hand, settled flat on Tuesday.
 
Sectoral indices ended on a mixed note. Nifty IT, FMCG, and Media led the gains, while Auto, Pharma, Healthcare, and OMCs indices ended in the red.
 

MUMBAI [Maha Media]: Benchmark equity indices Sensex and Nifty surged more than 1 per cent on Monday, helped by a rally in blue-chip stocks and the BJP pulling off a stunning performance in Maharashtra, winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory.

Extending its previous day's sharp rally, the BSE benchmark Sensex jumped 992.74 points or 1.25 per cent to settle at 80,109.85. During the day, it soared 1,355.97 points or 1.71 per cent to 80,473.08.

The NSE Nifty surged 314.65 points or 1.32 per cent to 24,221.90.

From the 30-share Sensex pack, Larsen & Toubro, State Bank of India, Adani Ports, Reliance Industries, Power Grid, ICICI Bank, HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank and Axis Bank were the biggest gainers.
    
On the other hand, JSW Steel, Tech Mahindra, Infosys, Maruti, Asian Paints and HCL Tech were the laggards.
    
Online food delivery giant Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23.
    
This is part of the latest reconstitution announced by Asia Index Private Ltd, a subsidiary of BSE.
    
"The ability of the market to surprise was evident in the 557 points spurt in the Nifty on Friday. This sharp upswing will continue today assisted by the super NDA performance in Maharashtra. The political message from this election is huge and highly positive from the market perspective," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
    
The BJP on Saturday pulled off a stunning performance in Maharashtra, winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory, while the INDIA bloc stormed back to power in Jharkhand on the back of a spectacular showing by the JMM.
    
In Asian markets, Seoul and Tokyo settled higher, while Shanghai and Hong Kong ended in the red.
    
European markets were trading in the green. The US markets ended in positive territory on Friday.
    
Global oil benchmark Brent crude dipped 0.40 per cent to USD 74.87 a barrel.
    
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,278.37 crore on Friday, according to exchange data.
    
The BSE benchmark jumped 1,961.32 points or 2.54 per cent to settle at 79,117.11 on Friday. The Nifty soared 557.35 points or 2.39 per cent to 23,907.25.
 

MUMBAI [Maha Media]: The Rupee on Friday improved slightly by three paise at 84.46, against USD on fresh selling of US Dollar by foreign banks and exporters, dealers at the Foreign exchange said.

A minor oscillation was seen during the day, as it opened flat at 84.49. Till the end of the session, it gained three paise at 84.46 as compared to its previous close. The Rupee recorded intra-highs and lows at 84.44 and 84.49 respectively, dealer added. 
 

MUMBAI [Maha Media]: Benchmark equity indices rebounded sharply on Friday, with the Sensex climbing 2.54 percent to reclaim the 79,000 level, driven by across-the-board rally and value buying at lower levels.

Strong buying by domestic institutional investors and a firm trend in the US markets also helped the indices, traders said.

The BSE benchmark Sensex jumped 1,961.32 points or 2.54 percent to settle at 79,117.11. During the day, it surged 2,062.4 points or 2.67 per cent to 79,218.19.

The Nifty registered days high and low at 23,956.10 pts and 23,359 pts respectively. The stocks that lifted the market were IT by 3.26 pc, IT focus by 3.18 pc, Energy by 2.19 pc, and FMCG by 2.18 pc. The Mid-cap rose by 1.26 pc and the Small-cap by 0.90 pc. In 30 scrips, 29 advanced while one declined. 

The gainers were SBI by 4.51 pc to Rs 816.05, TCS by 4.13 pc to Rs 4245.75, Titan by 4.10 pc to Rs 3309.10, ITC by 3.92 pc to Rs 475.05 and Infosys by 3.75 pc to Rs 1902.95. The sole loser was HDFC Bank by 0.03 pc to Rs 1741.40.