Vedanta said the Enforcement Directorate has concluded FEMA-related search operations at its premises, with no penalty, restriction or impact on the company’s financial, operational or business activities.
The Sensex rose 14 points to close at 74,360, while the Nifty gained 11 points to settle above the 23,400 mark at 23,417. The Nifty Bank index extended gains for the third straight session, rising 122 points to 54,308.
Jane Fraser, Chair and CEO of Citi, highlighted Citi India’s strong post-restructuring performance, with growth in revenue, profits and balance sheet size after the consumer banking exit. Fraser also expressed confidence in AI’s ability to create new economic opportunities and…
Nvidia boosts dividend 2,400% and launches an $80 billion share buyback, signaling techs shift toward higher payouts as firms like Amazon and chipmakers face pressure to follow.
Manishi Raychaudhuri, CEO of Emmer Capital Partners, favours sectors such as capital goods, defence, metals and private sector banks for long-term investors, while recommending portfolio diversification into Asian markets including Korea and Taiwan, where AI-driven earnings growth remains strong.
The decline spread across Asian technology names, with Taiwan Semiconductor Manufacturing Co. (TSMC) falling about 1.7%, while Taiwan’s Foxconn dropped more than 4%. In South Korea, Samsung Electronics and SK Hynix declined 1.3% and 2.8%, respectively.
Despite the recent correction, the stock continues to trade at a premium of more than 50% to its IPO price of ₹111 per share. Following the decline, Meesho’s market capitalisation stood at ₹77,088 crore.
Ceigall India has signed a definitive agreement to divest its stake in CMASH to Neo Infra Income Opportunity Fund for ₹177 crore, as part of its infrastructure asset monetisation strategy.
Jefferies said that several leading credit card issuers, including large private-sector banks and SBI Card, have made their rewards programmes less generous or increased spending requirements across both premium and mass-market card categories in recent months.
Sue Lee, Head-Markets Asia South at Citi, says geopolitical tensions and the global AI investment boom are diverting capital away from India in the short term, despite the country’s strong underlying fundamentals. She believes a robust IPO pipeline could help…