Infosys Falls Out of India's Top 10 Companies as LIC Surpasses It in Market Cap Infosys, once India's second-largest IT company, has slipped out of the top 10 most valuable firms in the country as the state-run Life Insurance Corporation (LIC) overtakes it in market capitalization. The IT giant's market value has declined by over 2 lakh crore rupees this year, pushing it to the 11th position in the rankings. LIC, with a market cap exceeding 5 lakh crore rupees, now holds the 10th spot, marking a significant shift in the competitive landscape of India's corporate sector. The decline in Infosys's market value has been attributed to a combination of factors, including a slowdown in growth and challenges in the global IT services sector. As of April 2026, Infosys's market cap stands at 4.76 lakh crore rupees, a sharp drop from its 6.8 lakh crore rupee valuation in late 2025. This decline has led to a 29% fall in the company's share price this year, with its stock currently trading at 1178 rupees per share. Despite this, the company reported a 27.80% increase in net profit for the fiscal year, reaching 8501 crore rupees, which exceeded analysts' expectations. Infosys's quarterly results for the fourth quarter of 2025 revealed a 2% year-over-year rise in revenue to 46,402 crore rupees, driven by growth in its cloud and digital services divisions. However, the company's stock has faced pressure from broader market trends, including rising interest rates and a slowdown in global demand for IT outsourcing. Over the past year, Infosys's shares have lost 21% of their value, reflecting investor concerns about its long-term growth prospects. The shift in rankings highlights the growing influence of public sector entities in India's financial markets.#reliance_industries #hdfc_bank #infosys #bharti_airtel #life_insurance_corporation
Oil Prices and Global Markets Rising Oil Prices: Unrest in Western Asia has pushed crude oil prices above $100 per barrel, impacting global markets and India's economy. This volatility affects both international and domestic financial systems. Stock Market Performance Indian Indices Rally: After three consecutive days of losses, Indian stock markets rebounded, driven by positive international signals and strong performances from Reliance Industries and Sun Pharmaceutical. Paytm Shares Fall: Paytm's parent company, One97 Communications, saw a sharp decline in shares. Amazon Now Expansion Same-Day Delivery: Amazon India launched its Amazon Now service in 100 cities, offering rapid delivery of goods. Atal Pension Yojana (APY) Scheme Details: A government initiative for informal sector workers to receive a pension after 60 years of age. Over 9 crore subscribers have enrolled. How to Join: Monthly contributions are required, with details on enrollment and payment. Gold and Silver Rates Current Rates: Prices of gold and silver in Hyderabad, Vijayawada, and Vishakhapatnam were highlighted, though specific figures are not provided. Other Key News Lakshadweep Aviation: SkyHap Aviation received a license to start commercial flights in Lakshadweep. UltraTech Cement: Reported a profit of ₹3,000.02 crore for March 2023. Sigma Advanced Systems: Secured a major order for defense equipment. Celebrity Event: Singer Rihanna visited the home of business tycoon Mukesh Ambani. Technology and Travel Windows 11 Updates: Users face challenges with mandatory updates, though alternatives exist. Cleartrip Launch: The travel platform Cleartrip partnered with IRCTC to offer train ticket bookings. Economic and Social Updates Atal Pension Yojana: Focus on financial inclusion for informal sector workers.#reliance_industries #western_asia #sun_pharmaceutical #amazon_now #one97_communications
India Iran Oil Imports: Trump's Waiver Enables First Crude Purchase in 7 Years, Iran Expresses Satisfaction India has secured its first crude oil import from Iran in seven years, capitalizing on a temporary waiver granted by the Trump administration. The country has already procured nearly 40 million barrels of Iranian crude, a move that highlights its strategic energy diversification amid global supply disruptions. This marks a significant shift in India’s energy procurement strategy, as the nation navigates geopolitical tensions and fluctuating oil prices. The decision comes amid heightened tensions in the Middle East, where U.S. and Israeli strikes on Iran have disrupted global oil flows. India, which relies heavily on imported energy, has faced rising costs and supply constraints due to these disruptions. By leveraging the Trump administration’s waiver, which temporarily allowed countries to bypass U.S. sanctions on Iranian oil, India has ensured a steady supply of crude to meet its energy demands. Two Iranian tankers, "Jayaa" and "Felisity," are currently unloading their cargo at Indian ports. The "Jayaa" is offloading its load at Paradip, a key eastern port managed by Indian Oil Corporation, while the "Felisity" is delivering crude to Sikka, a western port operated by Reliance Industries and Bharat Petroleum Corporation. These shipments are critical for maintaining India’s energy security, as they bypass U.S. sanctions that have restricted Iranian oil imports. The waiver, which expires this weekend, was part of a broader effort to stabilize global oil markets. The Trump administration’s temporary exemptions allowed countries like India to continue purchasing Iranian crude without facing U.S. penalties.#iran #india #indian_oil_corporation #trump_administration #reliance_industries
Unclaimed Shares Worth 89,000 Crore Lie in 1,671 Companies A recent study reveals that over 2.2 lakh crore rupees in unclaimed financial assets, including bank deposits, shares, insurance, EPF, and mutual funds, remain unclaimed in India. A significant portion of these assets, approximately 89,000 crore rupees, is tied up in unclaimed shares across 1,671 companies. These assets are often trapped in systems where returns are low or inaccessible due to inactive accounts, lack of investor awareness, or incomplete records. The study highlights that unclaimed shares are a major component of this issue. The Investor Education and Protection Fund Authority (IEPFA) holds shares worth 89,000 crore rupees, with a substantial portion belonging to top companies like Reliance Industries. Reliance’s unclaimed shares alone account for over 15% of the total value. These shares, though potentially lucrative, remain unclaimed due to outdated records or lack of communication with investors. Beyond shares, unclaimed bank deposits are another critical issue. The Reserve Bank of India’s Deposit Education and Awareness (DEA) fund holds over 97,545 crore rupees, a 13-fold increase since 2015. These deposits earn only 3% interest, far below inflation rates, leading to a gradual erosion of their real value. Similarly, unclaimed insurance payouts, EPF funds, and mutual fund dividends also contribute to the problem. For instance, 20,062 crore rupees in insurance claims remain unclaimed, while 10,915 crore rupees lie in inactive EPF accounts. The digitalization of financial systems has not resolved the issue but has instead expanded the scope of unclaimed assets. New asset classes like REITs, InvITs, and NCDs now add to the problem, with 764 crore rupees unclaimed in these instruments.#reliance_industries #reserve_bank_of_india #iepfa #dea_fund #epf
JioCinema postpones 'Dhurandhar 2: The Revenge' streaming after IPL 2026 JioHotstar, the digital streaming platform under Reliance Industries, has delayed the release of Ranveer Singh’s upcoming film Dhurandhar 2: The Revenge until late May or early June 2026. The decision follows the conclusion of the Indian Premier League (IPL) 2026, which is set to conclude in late April. The postponement aims to maximize viewership by aligning the film’s digital premiere with the peak audience engagement period after the cricket tournament. The film, which has already become a box office hit since its theatrical release in March 2026, is expected to draw a massive audience on the streaming platform. JioHotstar’s strategic timing reflects its confidence in the film’s popularity and its ability to capitalize on the heightened interest in sports and entertainment during the IPL season. The delay ensures that the digital premiere will not compete with the IPL’s live broadcasts, allowing the film to capture a broader audience. JioHotstar has secured the streaming rights for Dhurandhar 2 at a reported cost of ₹120-150 crore, a significant investment that underscores the film’s anticipated success. The platform is banking on the movie’s strong performance at the box office, where it has already earned over ₹1,600 crore in India. Directed by Aditya Dhar, the film continues the story of Ranveer Singh’s character, an undercover agent, and features a stellar cast including Sanjay Dutt, Arjun Rampal, and R. Madhavan. The film’s success is attributed to its blend of high-energy action sequences and compelling character development.#ranveer_singh #ipl_2026 #jiohotstar #reliance_industries #dhurandhar_2_the_revenge
IPO Pipeline Stronger: 38 Companies File Draft Papers In March 2026, 38 companies submitted draft IPO papers to the Securities and Exchange Board of India (SEBI), indicating a notable increase in issuer confidence compared to previous years. This surge, which saw a sharp rise from 22 filings in March 2025 and 16 in March 2024, reflects a stronger pipeline of public offerings. Key players such as SBI Funds Management and Manipal Health Enterprises were among the firms that filed, signaling improved sentiment despite ongoing regulatory scrutiny. The momentum is expected to continue, with several high-profile companies, including the National Stock Exchange (NSE) and Reliance Industries' telecom arm Jio, preparing to submit their draft papers in the coming weeks. Merchant banking sources highlighted that additional firms, such as Singapore-based Sembcorp Industries' Indian renewable energy arm, Sweden-based Modern Times Group's subsidiary PlaySimple, TPG-backed online lending platform Fibe, and Tiger Global-backed BatterySmart, are also likely to file draft red herring prospectuses (DRHPs) soon. Of the 38 companies that submitted their draft papers, nine opted for confidential filings, including Zetwerk, SNVA Traveltech, Rediff.com India, Torrent Gas, Synergy Advanced Metals, Garuda Aerospace, and Sohan Lal Commodity Management. According to an Axis Capital report, 64 companies have filed DRHPs with SEBI and are awaiting clearance, while 124 firms have already received regulatory approval but have not yet launched their IPOs. Another 20 companies have submitted confidential DRHPs since March 2025. The report also noted that the fiscal year 2025-26 (up to March-end) saw 109 mainboard IPOs, with 69 of them listing above their issue price.#reliance_industries #national_stock_exchange #securities_and_exchange_board_of_india #sbi_funds_management #manipal_health_enterprises
New IPOs Alert: SBI Funds, Manipal Health Among 38 Cos File DRHPs in March; FY27 to See Jio, NSE Issues In March 2026, a total of 38 companies, including SBI Funds Management, Rentmojo, Cosmic PV Power, and Manipal Health Enterprises, filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI). This marks a significant increase compared to previous years, with filings rising by 72.72% from 22 in March 2025 and 137.5% from 16 in March 2024. Among the 38 firms, nine opted for the confidential filing route, which includes companies like Rediff.com India, Zetwerk, SNVA Traveltech, Synergy Advanced Metals, Garuda Aerospace, Torrent Gas, and Sohan Lal Commodity Management. According to an Axis Capital report, 64 companies have submitted preliminary papers to SEBI and are awaiting regulatory clearance, while 124 firms have already received approval but have not yet launched their IPOs. Additionally, 20 companies have filed confidential DRHPs since March 2025. The report also highlights that the FY2025-26 period (up to March 2026) saw 109 mainboard IPOs, with 69 of them listing above their issue price. As of March 31, 2026, three companies remained unlisted. The momentum of the IPO market is expected to continue into the fiscal year 2026-27 (FY27), with several high-profile firms preparing to submit their draft papers. Merchant banking sources informed PTI that the National Stock Exchange (NSE) and Reliance Industries’ telecom arm Jio are among the companies likely to file DRHPs in the coming weeks. Other anticipated filers include Sembcorp Industries’ Indian renewable energy arm, Modern Times Group’s subsidiary PlaySimple, TPG-backed online lending platform Fibe, and Tiger Global-backed BatterySmart.#reliance_industries #national_stock_exchange #securities_and_exchange_board_of_india #sbi_funds_management #manipal_health_enterprises
Reliance Industries shares slump 4%, m-cap slips by around ₹80,000 crore in a single day; check details Reliance Industries’ shares fell over 4% during intraday trading on Friday, March 27, 2026, eroding approximately ₹80,000 crore in market capitalisation. The decline came amid pressures from the government’s new export tax mandate, surging global oil prices, and geopolitical tensions affecting investor sentiment. The stock’s drop to ₹1,353.20 during the session marked a significant loss compared to its previous close of ₹1,413.10. The market capitalisation of Reliance Industries plummeted to ₹18.32 lakh crore by Friday’s close, down from ₹19.12 lakh crore on Wednesday. The stock market was closed on Thursday due to a public holiday, Shri Ram Navami, which limited the trading session’s impact. Reliance’s shares remained volatile, trading at ₹1,354.80 as of 12:45 pm, reflecting a 4.13% decline. The decline in Reliance’s stock was influenced by broader market concerns, particularly the ongoing conflict between the United States and Iran. This conflict has disrupted oil supply routes, including the critical Strait of Hormuz, raising fears of supply shortages and driving up crude oil prices. The Petroleum Planning & Analysis Cell reported that the Indian crude oil basket reached $123.15 per barrel, reflecting the impact of global supply disruptions. The government’s decision to impose an export tax on oil exports further weighed on Reliance’s shares. Union Petroleum Minister Hardeep Singh Puri announced the tax to address the financial strain on oil marketing companies (OMCs) amid soaring global fuel prices. The tax, combined with reduced excise duties on domestic fuel, aimed to cushion OMCs from losses.#iran #strait_of_hormuz #reliance_industries #hardeep_singh_puri #union_petroleum_minister
Reliance Industries shares remain stable amid geopolitical tensions: Price targets and market analysis Shares of Reliance Industries Ltd (RIL) have remained relatively flat in recent trading sessions, with the stock currently trading 1.08% higher at Rs 1426.65. The company’s market capitalization stands at Rs 19.30 lakh crore as of today. Despite the ongoing geopolitical tensions involving the US, Israel, and Iran, RIL’s stock has shown a modest gain of 0.98% since the conflict began, outperforming broader market indices. The Sensex and Nifty, however, have declined by 10% during the same period, highlighting the mixed performance of the market. RIL, a major player in India’s oil and gas sector, is positioned to benefit from rising energy prices amid the conflict. Brent crude prices recently surged to a 52-week high of $119.50, which is expected to positively impact the company’s financials. Brokerage firm JM Financial has noted that the rise in energy prices could lead to near-term gains for RIL, driven by higher diesel refining margins and improved petrochemical spreads. According to JM Financial, every $1 increase in RIL’s gross refining margin could boost its annual EBITDA by approximately Rs 45 billion, or 2.2%, and add around Rs 29 per share, or 1.7%, to its valuation. The company’s petrochemical operations are also anticipated to see margin improvements, as product prices align with rising crude oil costs. RIL’s feedstock mix, which includes 25% ethane, 50% off-gases, and 25% crude-linked naphtha, provides some insulation against higher crude prices. Analysts have provided price targets and short-term outlooks for RIL’s stock. Jigar Patel from Anand Rathi has identified key support and resistance levels, suggesting a potential trading range between Rs 1390 and Rs 1450.#reliance_industries #motilal_oswal #jm_financial #anand_rathi #sensex_nifty
Reliance Industries has acquired 5 million barrels of Iranian crude oil, sources indicate, following the U.S. temporary lifting of sanctions on Iranian oil. The Indian refiner purchased the oil from the National Iranian Oil Co., according to two unnamed individuals. The crude was priced at a premium of approximately $7 per barrel compared to ICE Brent futures, though the exact delivery timeline remains unspecified. Iranian oil, traditionally dominated by Chinese independent refiners, is often rebranded to appear as if it originates from other countries. Reliance did not comment on the transaction, nor did NIOC, the Iranian oil company, respond to inquiries. The U.S. sanctions waiver, issued by the Trump administration, allows the purchase of Iranian oil already at sea, with vessels loading oil on or before March 20 and discharging by April 19. This deal marks India’s first acquisition of Iranian oil since May 2019, when the world’s third-largest oil importer halted imports following renewed U.S. sanctions on Tehran. The purchase follows India’s refiners securing over 40 million barrels of Russian crude under a similar U.S. waiver. Other Asian refiners, including Indian state-owned firms, are evaluating the possibility of buying Iranian oil, though Sinopec, China’s top refiner, has stated it will not participate. The transaction highlights shifting dynamics in global oil markets, with nations exploring alternatives amid geopolitical tensions. The U.S. waiver underscores efforts to mitigate supply shortages, while India’s move reflects its strategic interest in diversifying energy sources.#iran #u_s #reliance_industries #national_iranian_oil_co #ice_brent
Rajasthan Royals' Franchise Acquisition and Team History The Indian Premier League (IPL) team Rajasthan Royals (RR) has undergone a significant ownership change, with the franchise being acquired by a new consortium led by businessman Anil Ambani, part of the Reliance Industries group. This development marks a pivotal moment for the team, which has a storied history in the IPL. Team Legacy and Performance IPL 2008 Triumph: RR made history by winning the inaugural IPL in 2008 under the captaincy of Shane Warne, becoming the first team to claim the title. Subsequent Struggles: After the 2008 victory, the team faced a decline in performance, with only one notable appearance in the 2022 final, where they lost to Gujarat Titans. Sanctions and Rebuilding: The franchise was banned for two seasons (2016-2017) due to financial irregularities, prompting a period of restructuring. Current Status and Leadership The team is currently captained by Jos Buttler, a dynamic England player known for his all-round skills. Recent years have seen efforts to rebuild the squad, with a focus on balancing experienced players and emerging talents. Author's Background The article is authored by Rishikesh Kumar, a senior digital content producer at Navbharat Times. With over eight years of experience in print and digital media, Kumar specializes in sports journalism. He has covered major global events like the 2023 Cricket World Cup, Paris Olympics, and FIFA World Cup, alongside in-depth analyses of sports trends and athlete performances. His work emphasizes breaking news, unique angles, and detailed insights, making him a trusted voice in the sports journalism community. Conclusion The acquisition of Rajasthan Royals by Anil Ambani's consortium signals a new chapter for the franchise, offering hope for a resurgence in the IPL.#jos_buttler #rajasthan_royals #anil_ambani #reliance_industries #shane_warne
Abakkus Flexi Cap Fund Increases Stake in HDFC Bank, RIL, and 26 Other Stocks Abakkus Flexi Cap Fund, which is backed by Sunil Singhania, increased its holdings in HDFC Bank, Reliance Industries (RIL), and 26 other stocks during February 2026. The fund added the most shares in Bank of Baroda, expanding its portfolio to 44 stocks across 22 sectors. The total number of shares in Bank of Baroda rose to 26 lakh in February, up from 17.50 lakh in January. The fund’s portfolio saw additions of around 3.30 lakh shares of HDFC Bank and 1.48 lakh shares of RIL in February. Among the 28 stocks in which the fund increased its stake, Bank of Baroda received the highest number of shares, with 8.50 lakh added to its holdings. The fund did not reduce its stake in any stock or make a complete exit from any position during the month. Two new stocks were added to the portfolio in February: BEML and Fractal Analytics. The fund acquired approximately 1.83 lakh shares of BEML and 1.66 lakh shares of Fractal Analytics. These additions reflect the fund’s continued diversification across sectors and its focus on expanding its holdings in key financial and industrial companies. The Abakkus Flexi Cap Fund’s strategy of increasing stakes in major corporations like HDFC Bank and RIL highlights its confidence in the performance of these stocks. The fund’s actions also indicate a broader trend of institutional investors allocating capital to large-cap and mid-cap stocks amid evolving market conditions. The expansion of the portfolio to 44 stocks underscores the fund’s approach to balancing risk and growth across multiple sectors.#bank_of_baroda #reliance_industries #hdfc_bank #abakkus_flexi_cap_fund #sunil_singhania
Summary of the Fraud Case Involving Reliance Communications and Punjab National Bank (PNB): Punjab National Bank (PNB) has accused Reliance Communications of fraudulent activities, alleging misuse of funds from a loan sanctioned to the company. The bank's forensic audit, conducted by BD India LLP in February 2021, flagged the accounts as fraudulent. Key findings include: Misuse of Loan Funds: The audit suggested that the loan funds were misused, with transactions involving related parties and discrepancies in financial records. Investigators suspect criminal breach of trust and fraudulent activities (e.g., embezzlement or unauthorized transactions). PNB's Actions: PNB identified the accounts as fraudulent after the forensic audit, indicating potential legal action against Reliance Communications. The bank's report highlights irregularities in fund allocation and transactions, raising concerns about the company's financial practices. Legal Implications: The case could lead to criminal charges under Indian law, including sections related to breach of trust, fraud, and misappropriation. Reliance Communications may face penalties, legal proceedings, or reputational damage if the allegations are proven. Context: Reliance Communications, a subsidiary of Reliance Industries, has faced scrutiny over financial practices in the past. This case adds to ongoing concerns about corporate transparency and accountability. Status: The case remains under investigation, with PNB likely to pursue legal action. Further details on the outcome or resolution are pending. This case underscores the importance of rigorous financial audits and corporate accountability in preventing and addressing fraudulent activities.#punjab_national_bank #reliance_communications #bd_india_llp #reliance_industries #forensic_audit
