Economy

SEBI has revamped merchant banking rules to ease compliance, removing the requirement to hive off non-regulated activities into separate legal entities and allowing such activities to be conducted at arm's length through separate business units.

The credit rating upgrades mark yet another significant step for Adani Group and come directly on the back of Moody's upgrading the credit rating for three companies in December, in the form of Adani Green, Adani Energy RGs, and AICTPL.

Today's earnings calendar features a heavy mix of financial powerhouses and industrial leaders. The spotlight is firmly on Jio Financial Services and HDFC Life Insurance.

Revenue for the IT company went down 2% to Rs 2,923 crore from Rs 2,979 crore in the Q2 FY26.

L&T Tech reported a consolidated bottom-line of Rs 302.6, compared to Rs 328,7 in the preceding quarter.

With key economic data from the US not moving expectations for a Federal Reserve interest-rate cut until the middle of the year, traders are turning their attention to how the rotation out of richly valued tech stocks pans out.

The S&P 500 Index fell 0.7% at 11:23 a.m. in New York, extending declines for a second-straight day and putting the benchmark on track for its first back-to-back decline of the year. The tech-heavy Nasdaq 100 Index dropped 1.3%, also adding to losses from Tuesdays session.

L&T Technology Services' net profit may increase 3.3% to Rs 340 crore from Rs 329 crore in the previous quarter.

Nasdaq traded 1.01% or 247.94 points lower at 23,471.77, S&P 500 traded 0.61% or 42.20 points lower at 6,916.62, and Dow Jones traded 0.29% or 140.59 points lower at 49,051.40.

Analysts also shared insights on the share price of Natco Pharma.

The American Depository Receipt (ADR) of Infosys gained as much as 8.6% to $19.03 as of 8:18 p.m. India time.

ICICI Prudential AMC logged a total income of Rs 1,624 crore in the third quarter, marking an 8.9% sequential jump.

Its deposit growth came at 3.36%, also much lower than the banking system's growth. The non-interest income for the reporting quarter increased 2.82% to Rs 4,541 crore.

Consolidated net profit fell nearly 10% to Rs 6,654 crore in the October-December quarter, compared to the preceding quarter.

NDTV Profit brought you all the latest December quarter results on Wednesday.

India's second-largest IT major Infosys declared Q3FY26 earnings results

CEO Abhishek Bansal says rising online retail penetration, improving profitability and automation-led expansion will shape the company’s next phase.

At the interbank foreign exchange, the rupee opened at 90.26 and touched the intra-day low of 90.30 and a high of 89.94 against the greenback.

ICICI Lombard aims to maintain a growth trajectory 100–200 bps ahead of the industry.

ICICI Lombard, Tata Elxsi, Endurance Tech, NLC India, Paytm and Just Dial are some of the important stocks to watch today.