Market Bizzz

The interim relief granted to Paytm’s gaming arm, First Games, is part of a wider legal challenge to GST demands on real-money gaming platforms. The case centres on the classification and taxation of such platforms under the GST regime—an issue impacting several players in the online gaming industry

RBI has announced a record Rs 2.69 lakh crore dividend for FY25, a 27% rise from last year but below market expectations of nearly Rs 3 lakh crore. The higher contingency reserve under the Economic Capital Framework limited the payout. While markets may react cautiously, this dividend strengthens government finances and supports fiscal deficit reduction and increased spending.

NTPC Q4 Results: NTPC’s consolidated net profit surged 22% YoY to Rs 7,897 crore in Q4FY25, with revenue up 3.2% to Rs 49,834 crore. The company recommended a final dividend of Rs 3.35 per share. For the full fiscal year, PAT rose 9% to Rs 19,649 crore, and revenue increased 5% to Rs 1,70,037 crore.

FIIs bought ₹13,835 crore in Indian equities this May despite weekly sell-offs worth ₹11,591 crore. While short-term global headwinds persist, India’s growth outlook keeps long-term FPI sentiment positive, especially if earnings align with market valuations.

Twelve companies, including Infosys, ITC, and Bajaj Finance, have scheduled dividend record dates in the upcoming trading week.

A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction. According to the bulk deal data available on the NSE, Rajat Agarwal offloaded 25 lakh shares, representing a 3.38 per cent stake in Gravita India.

Aditya Birla Fashion and Retail Ltd on Friday said its consolidated net loss narrowed to Rs 23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of Rs 266.36 crore during the January-March quarter a year ago, according a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).

The Indian rupee surged 80 paise on Friday to close at 85.21/$1, its best day since November 2022, driven by foreign bank dollar sales, IPO flows, and probable RBI intervention. A softer dollar index and bullish forecasts further supported the recovery.