Category: Business

Business

Sensex dives over 600 points after five-day rally dragged by IT stocks

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Sensex dives over 600 points after five-day rally dragged by IT stocks

Stock market benchmark indices ended lower on Friday (June 19, 2026) after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to the 24,013.10 level, dragged by heavy selling in IT firms after global tech giant Accenture trimmed its full-year revenue growth guidance and renewed geopolitical uncertainty. The 30-share BSE Sensex…

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Nirmala Sitharaman inaugurates Northeast’s largest spice processing plant in Meghalaya

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Nirmala Sitharaman inaugurates Northeast’s largest spice processing plant in Meghalaya

Union Finance Minister Nirmala Sitharaman inaugurates Northeast India’s largest organic spice processing plant in Meghalaya’s Ri-Bhoi district in the company of Chief Minister Conrad K. Sangma and his Sikkim counterpart Prem Singh Tamang on Friday, June 19, 2026. | Photo Credit: SPECIAL ARRANGEMENT Union Finance Minister Nirmala Sitharaman on Friday (June 19, 2026) inaugurated the…

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RIL to convert all oil it refines into chemicals, new materials, to create 2,00,000 green jobs

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RIL to convert all oil it refines into chemicals, new materials, to create 2,00,000 green jobs

In this screengrab from a video posted on June 19, 2026, Reliance Industries Chairman Mukesh Ambani addresses the 49th Annual General Meeting (post-IPO) of Reliance Industries Limited, in Mumbai, Maharashtra. Photo: @RelianceUpdates/YT via PTI Photo In the long run, Reliance Industries Ltd (RIL) will convert all the oil it refines into chemicals and new materials,…

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Business

Rupee rises 6 paise to close at 94.34 against U.S. dollar

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Rupee rises 6 paise to close at 94.34 against U.S. dollar

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee pared most of its initial gains and settled for the day higher by just 6 paise at 94.34 (provisional) against the U.S. dollar on Friday (June 19, 2026), as a firming dollar index and rising crude oil prices weighed on…

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Business

Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani

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Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani

Image used for representation purpose only. | Photo Credit: Reuters Reliance’s retail businesses are heading for transformation and for Reliance Retail and Reliance Consumer Products (RCPL) the company is building two growth-boosting platforms.  “First, an Advanced Manufacturing Platform: We are building a manufacturing platform extending from beverages and daily essentials to one of the most…

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Business

Jio mulls plans to get into Satellite Communications

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Jio mulls plans to get into Satellite Communications

File photo of Reliance Industries Chairman Mukesh Ambani. | Photo Credit: ANI Speaking at the Annual General Meeting of Reliance Industries on Friday (June 19, 2026), CMD Mukesh Ambani announced the approval of Jio IPO. “Jio connected India on the ground. Now, we must connect India from the skies. There are still remotest villages, island…

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Business

Board approves Jio IPO, DRHP to be filed on June 19 with SEBI: Mukesh Ambani

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Board approves Jio IPO, DRHP to be filed on June 19 with SEBI: Mukesh Ambani

“The Board of Jio Platforms has approved its DRHP, and it will be filed with SEBI today,” said Mukesh Ambani, CMD, Reliance Industries Ltd (RIL). Speaking at the Annual General Meeting in Mumbai on Friday (June 19, 2026), Mr. Ambani said “This is a deeply emotional moment for me, for the entire Reliance Family, and…

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Business

Nifty IT stocks dip as Accenture shaves revenue guidance

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Nifty IT stocks dip as Accenture shaves revenue guidance

Image used for repesentation purpose only. | Photo Credit: Reuters The ten share Nifty IT index dipped 5.6% trading at 26,997 points as Accenture Plc shaved revenue guidance on macro uncertainty and the West Asian conflict in its Q3 FY2026. Infosys dipped the most (7.7%) among its peers. TCS, LTM, and Tech Mahindra fell nearly…

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Business

Rupee rises 20 paise to 94.20 against U.S. dollar

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Rupee rises 20 paise to 94.20 against U.S. dollar

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 20 paise to 94.20 against the U.S. dollar in early trade on Friday (June 19, 2026) on optimism that trade negotiations between India and the United States are set to gain momentum. Forex traders said the rupee opened on a positive…

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Business

Sensex tumbles 786 points after five-day rally as IT stocks drag

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Sensex tumbles 786 points after five-day rally as IT stocks drag

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday (June 19, 2026) after a five-day rally, dragged by heavy selling in IT firms following revenue growth guidance cut by Accenture. The 30-share BSE Sensex tanked 786.58 points to 76,624.90 in…

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