Govt eases defence export rules, widens access to global market

Indo-MIM jumped 8.22% to Rs 935.95 after the company reported 31.6% rise in consolidated net profit to Rs 240.12 crore in Q1 FY27 from Rs 182.41 crore in Q1 FY26.

Reliance Industries on Tuesday clarified to stock exchanges that the Supreme Court did not impose a Rs 10 lakh fine or penalty on the company in the NTPC gas supply case. RIL said the amount ordered by the court was costs payable to the Supreme Court Advocates-on-Record Association and did not require disclosure.

The short-term focus again was oil prices, which swung sharply as investors weighed Yemen’s Iran-aligned Houthis declaring a naval blockade against ‌Saudi Arabia against ⁠Reuters reporting that ⁠mediators had passed Iran a proposal to de-escalate the war with the U.S. Benchmark Brent crude was flat on the day at $88.3 a barrel, having earlier climbed…