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India's wealthiest investors witnessed a surge in their net worth during the June quarter, fueled by a stock market rebound. Portfolios of figures like the Jhunjhunwala family and Mukul Agrawal saw gains between 12% and 42%. Conversely, Madhusudan Kela and Vijay Kedia experienced portfolio value declines as they strategically reduced exposure to certain stocks.
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Indian banks significantly increased their equity investments in FY25, driven by strategic treasury diversification. An analysis of 16 major banks revealed a 49% surge, reaching 49,572 crore, with SBI's investments tripling. This rise coincided with growing retail participation in the market and the implementation of new accounting norms.
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Sebi has turned down settlement requests from Anil Ambani, his family, and Rana Kapoor. The case involves investments between Reliance Nippon and Yes Bank. Investigations revealed Ambani influenced investment decisions. Sebi might settle with Nippon Life India Asset Management and some officials. Legal action will proceed against Ambani and others. The Enforcement Directorate is also investigating the matter.
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India's market regulator will further simplify regulations for foreign investors to encourage long-term capital flows into the country, the Securities and Exchange Board of India said in its annual report published on Tuesday.
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Apollo Hospitals reported a 42% YoY rise in consolidated PAT to 433 crore in Q1FY26, driven by 15% revenue growth across healthcare, diagnostics, and digital pharmacy segments. Sequential profit rose 11%, with board approving stake acquisition in AGPCL.
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News and Media
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