/images/ppid_59c68470-image-176371007285852501.webp)
Reliance Industries Ltd (RIL) on Thursday, November 20, stated that it has stopped importing Russian crude oil into its Special Economic Zone (SEZ) refinery, completing its transition to non-Russian feedstock ahead of upcoming product-import restrictions.
Vedanta's 3D strategy will unlock 'major value', boost share price, Nuvama says
Brokerage firm Nuvama Institutional Equities has reiterated its 'Buy' rating on Vedanta with a price target of ₹686 per share. According to Nuvama, the company's strategy around demerger, delivery and deleveraging is on course to pay off,
Vedanta is in the process of splitting its businesses into five separately listed companies, which Nuvama says will give investors the option to pick individual commodity plays and help unlock value for units such as aluminium, steel and power
Capital Gains Account Scheme updated: What the new rules mean for taxpayers
The Ministry of Finance has notified the Capital Gains Accounts (Second Amendment) Scheme, 2025, introducing changes to the Capital Gains Account Scheme (CGAS), 1988. The amendments expand the list of authorised banks, enable additional electronic processes, and clarify operational rules.
The changes came into effect on November 19.
Max Financial Services Block Deal: 16 lakh shares worth ₹270 crore change hands
As many as 16 lakh shares, or 0.46% equity, of Max Financial Services Ltd. changed hands at ₹1,681 per share in a block deal window on Friday, November 21. This took the total transaction value to ₹268 crore.
On Thursday, CNBC-TV18 reported, citing sources, that Max Ventures Investment Holdings was likely to sell 0.46% stake in Max Financial Services in a block deal worth up to ₹270 crore.Buyers and sellers in the transaction are not officially known. Sources said the floor price had been fixed at ₹1,675.7 per share.
Mahindra Group CEO Anish Shah maps out plan for a decade of hyper-growth
The Mahindra Group has delivered record performance over the past five years, but its next phase of growth is set to be far more aggressive —
In an exclusive panel discussion with CNBC-TV18 at the company’s Investor Day, Group CEO and Managing Director Dr. Anish Shah outlined a sweeping 2030 vision anchored in multi-fold revenue and profit expansion across nearly all major businesses.
Calling his leadership team “an incredible set of leaders” driving the Group’s current momentum, Shah presented a clear scorecard: Mahindra’s “growth gems” have grown 7x in value since 2020, contributions from non-auto businesses now exceed the once-dominant auto segment, and multiple verticals are entering a hyper-scale phase.
Mahindra Lifespaces seeks more capital support, eyes top-five position in core markets
Mahindra Lifespaces is gearing up for an aggressive scale-up, with CEO Amit Kumar Sinha making a direct pitch for stronger capital backing to unlock faster growth. “If I have the support from capital, we can do more,” he told investors, outlining a ₹4,000–6,000 crore plan that could expand further with additional funding.
Positioned as the Mahindra Group’s next major growth engine, the company is pushing to accelerate its redevelopment and city-focused strategy as it targets ₹10,000 crore in pre-sales by FY30.
TCS-TPG AI data centre deal draws upbeat calls but JPMorgan cites concerns of muted 5-6 year impact
Brokerage firmJPMorgan has maintained its 'Overweight' rating on TCS with a price target of ₹4,050. The brokerage said that TPG's commitment of up to $1 billion reduces TCS's equity burden and that the company expects synergies from global partnerships with hyperscalers and AI firms. JPMorgan, however, remains cautious on the synergy narrative and believes the investment is unlikely to materially alter shareholder returns over the next five to six years.
Dow Jones falls 1,100 points from highs in a dramatic reversal — Key factors explained
US markets staged a dramatic reversal from the post-Nvidia-result-rally to end with steep cuts on Thursday as a combination of resurfacing of the AI valuation concerns, dwindling Fed rate cut hopes and statements from some Wall Street veterans dampened the positive sentiments.
The Dow Jones fell over 1,100 points from the highs of the day to end nearly 400 points lower. The S&P 500 fell 232 points from the day's high, while the Nasdaq also corrected over 1,000 points from the highs of the session to end with losses of over 2%.
Zelenskiy receives US plan to end war in Ukraine, expects talks with Trump
Ukrainian President Volodymyr Zelenskiy has received a draft of a U.S. plan to end the war in Ukraine and expects to hold talks withU.S. President Donald Trump in the coming days, the Ukrainian leader's office said on Thursday.
Two sources told Reuters on Wednesday that Washington had signalled to Zelenskiy that Kyiv must accept the U.S.-drafted framework to end the nearly-four-year-old war, which includes territorial concessions and curbs on Ukraine's armed forces.
Why gold is under pressure and how the dollar’s rally is driving the slide
Gold prices slipped on Friday (November 21) after a stronger-than-expected US jobs report reduced the likelihood of an early Federal Reserve rate cut, prompting traders to shift into wait-and-watch mode. Spot gold edged down 0.1% to $4,072.87 per ounce in early Asian trade, while US futures rose slightly to $4,071.90 an ounce—a muted response that reflected caution rather than conviction.
News By The Numbers
India’s Marathon Chief Ministers: As Nitish Kumar returns as Bihar CM for a record tenth time, here’s a look at where he stands among India’s longest-serving CMs.
