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0 mentions · last seen 6/5/2026

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Moody's upgrades Reliance to Baa1 as consumer arms now drive over half of group EBITDA

Moody's lifted Reliance Industries to Baa1 from Baa2, citing a strengthening credit profile anchored by Reliance Retail and Jio. Consumer-facing units now contribute more than half of group EBITDA, against ₹10.71 lakh crore revenue and ₹1.83 lakh crore EBITDA. TCS, Infosys and Tata Steel also saw rating actions.

Business Today · Latest · 5/29/2026, 1:28:52 PM

Jewellery retailers slump second day as PM Modi urges Indians to skip gold for a year

Indian markets fell 2% with Sensex at 74,559 and rupee at record 95.63/USD. Jewellery stocks extended losses on Modi's call to defer gold purchases, signalling a possible policy shift that could reset demand for India's largest discretionary category.

Indian Express · Business · 5/15/2026, 1:46:30 AM