Adani Group has emerged as the frontrunner to acquire Jaiprakash Associates with a bid of Rs 12,500 crore, amidst competition from other major players. The financially strained infrastructure firm received six resolution proposals aimed at taking over the entire company, which holds significant real estate assets and hospitality establishments.
Trent Ltd.’s shares plummeted 8.7% after its AGM revealed a projected revenue growth slowdown to 20% for Q1FY26, significantly lower than the previous 35% CAGR. Nuvama brokerage downgraded the stock to ‘hold,’ reducing the target price due to concerns about moderating growth and high valuations.
The Reserve Bank of India has paused adding to its gold reserves in FY26, maintaining holdings at 880 metric tonnes. This decision seemingly aligns with price projections from various financial institutions anticipating a potential decline in gold prices.
Prada faces online criticism for sandals resembling Indian Kolhapuri chappals without acknowledging the artisans. Edelweiss MF CEO Radhika Gupta emphasized the importance of crediting original creators and preserving India’s textile heritage. Following backlash, Prada will meet with MACCIA on July 11 to discuss potential collaboration, including co-branded collections and skill development, aiming to recognize and…
India’s SEBI has accused Jane Street of market manipulation, alleging the firm artificially inflated stock prices to benefit from options trading, generating substantial profits. The regulator has frozen Rs 4,844 crore and imposed a market ban on the global trading giant. Jane Street has the option to appeal the decision.
The IT industry is seeing a significant increase in moonlighting-related background checks due to low salary increases and job market uncertainty. Verification firms are flagging more cases of overlapping employment, particularly in the IT services sector, as remote work makes it easier for professionals to take on additional roles.
Reliance Retail Ventures is set to acquire a minority stake in FaceGym, a UK-based facial workout brand, marking its entry into the Indian market. Over the next five years, Reliance plans to establish FaceGym’s presence through standalone studios and curated spaces within select Tira stores.
