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Indian Energy Exchange shares experienced a significant drop. This decline followed the Central Electricity Regulatory Commission's decision. The commission plans to implement 'market coupling'. This move is expected to impact IEX's revenue streams. Market coupling aims to unify power prices. Hindustan Power Exchange and Power Exchange India may benefit. IEX's market share could potentially decrease as a result.
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News and Media
Jio BlackRock Asset Management, a new entrant in the Indian mutual fund industry, is prioritizing profitability and capturing new market growth over aggressive pricing strategies, unlike Jio's telecom approach. The joint venture aims to offer differentiated products and leverage its tech platform, Aladdin, to reduce costs and provide competitive pricing.
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News and Media
Indian Bank reported a 24% YoY rise in Q1 net profit to Rs 2,973 crore, aided by sharply lower NPA provisions. Asset quality improved, with gross NPAs falling to 3.01%. While net interest income grew modestly, other income surged 28%. Advances and deposits saw double-digit year-on-year growth.
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News and Media
Zerodha faces a drop in demat market share despite rising AUM, prompting CEO Nithin Kamath to seek insights on evolving growth strategies beyond traditional customer acquisition methods.
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News and Media
Sky Gold and Diamonds posted a 2x jump in Q1 FY26 net profit to 43.6 crore, driven by robust exports, lightweight jewellery demand, and major B2B client additions. Revenue rose 56.5% YoY to 1,131 crore, supporting its ambitious expansion plans.
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News and Media
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