Anant Ambani is now the executive director at Reliance Industries. Reliance Industries shareholders gave their approval. The RIL board appointed Mukesh Ambani s youngest son on April 25. Anant will serve for five years, starting May 1. He has been on the boards of Jio Platforms and Reliance Foundation. He also serves on Reliance New Energy and Reliance New Solar Energy.

India s out-of-pocket health expenses are among the highest in major economies. Though it decreased from 2014 to 2024, it remains significant. China saw a smaller decrease in the same period. Emerging Asia s health protection gap has widened. Rising medical costs and coverage gaps are key issues. Many Indian families struggle to afford healthcare.

Former IndusInd Bank CEO Sumant Kathpalia has proposed a ₹5.21 crore settlement to SEBI regarding insider trading allegations. SEBI had barred Kathpalia and other executives for trading on unpublished price-sensitive information related to accounting discrepancies. Kathpalia s settlement application includes a pledge of confidentiality, while SEBI impounded ₹19.8 crore from the involved individuals.

US equity futures climbed following strong earnings from tech giants like Microsoft and Meta, despite a volatile Wall Street session. The dollar stabilized after the Federal Reserve held interest rates steady. Asian markets showed mixed performance, with South Korean equities fluctuating after a US trade deal. Investors are now focused on the Bank of Japan s rate decision.

Indian markets experienced marginal gains on Wednesday, influenced by mixed signals. Several companies are in the spotlight due to Q1 results, including HUL, Swiggy, Sun Pharma, and Maruti Suzuki. Tata Steel and M&M reported significant profit growth, while IndiGo s net profit declined.

Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets.

Jio Financial Services will raise ₹15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial s board approved the issuance of warrants at Rs 316.50 apiece.

The Federal Reserve decided to keep interest rates unchanged amidst pressure from President Trump and economic uncertainties. This decision follows concerns about new tariffs and uneven economic data, as the committee assesses the impact of trade tensions.

Indus Towers reported a 9.8% on-year drop in Q1 net profit to Rs 1,737 crore, impacted by rising expenses despite a write-back of provisions from Vodafone Idea. Revenue increased by 9.1% to Rs 8,058 crore, with growth in new towers and co-locations. The company is cautiously monitoring Vodafone Idea s financial stability.

Tata Steel s net profit more than doubled to Rs 2,007.36 crore in the June quarter, driven by reduced losses in the UK and improved profitability in India. While consolidated sales volumes declined, higher steel realisations and cost transformation programs contributed to a 10% rise in EBITDA.