Daniel Jackson, a 20-year-old, has proclaimed himself president of the Free Republic of Verdis, a micro-nation established on a disputed area between Croatia and Serbia in 2019. Despite facing challenges with Croatian authorities, including detention and deportation, Jackson continues to advocate for Verdis's recognition and access, seeking support from Serbia and envisioning a future return to the land.
Tata Investment Q1 Results: On a standalone basis, the companys net profit rose 23.5% year-on-year to Rs 139.22 crore, up from Rs 112.76 crore in the corresponding quarter of the previous fiscal year, with revenue from operations increasing by 21% year-on-year.
Trust MF's CIO, Mihir Vora, favors healthcare investments in R&D, CDMO, diagnostics, and hospitals, while being cautious about generic US pharma due to margin pressures. He anticipates a revival in the rural economy benefiting FMCG companies. Vora also foresees a multi-year upward cycle in private sector capex driven by PLI schemes and investments in green/blue hydrogen and fertilizer production.
Indian mutual fund investors are showing a marked shift toward diversified portfolios, a cautious return to debt, and growing preference for passive investing. According to Motilal Oswal AMC, passive funds are gaining traction due to their simplicity, cost-efficiency, and benchmark alignment. While active strategies still dominate mid- and small-caps, the overall trend reflects a more strategic and risk-aware investing environment.
Sebi is pushing for major reforms in India's booming derivatives market after exposing alleged manipulation by U.S. firm Jane Street. With retail participation soaring and losses mounting, Sebi seeks structural changes to ensure fairness. The regulator stresses the need for transparency, better safeguards, and a more level playing field.
Adani Power shares: On Friday, the company announced that its consolidated net profit for the June quarter fell by 15.5% year-on-year to Rs 3,305 crore, down from Rs 3,913 crore in the same period last year. Its revenue from operations also declined by 5.9%, reaching Rs 14,167 crore.
Reliance Power shares declined by 5% to 47.58, Reliance Infrastructure decreased by 4.98% to 296.15, and Reliance Home Finance shares slipped 4.84% to 4.84.
