Tirumala Tirupati Devasthanams (TTD) was supplied with 100% polyester shawls that were billed as pure mulberry silk products that were actually sought by the trust that manages Tirumala temple in Andhra Pradesh. A shawl that costs about ₹350 was being billed at ₹1,300 and the total estimated loss is around ₹54 crore. The shawls were supplied from 2015 to 2025.

Barclays India CEO Pramod Kumar reflected on the record-breaking year for India's IPO market, as it witnessed 100 listings for the first time in 18 years. "When you see such frenzy, there is always a likelihood of some companies mispricing their IPOs and…their stocks not doing well," Kumar said. Tread with caution in the IPO market, he advised investors.

US President Donald Trump has signalled possible tariffs on rice imports from India, alleging dumping that harms American farmers. India is a major global exporter, though the US is a limited market. Exporters argue India's pricing reflects efficiency, warning higher tariffs could push up rice prices for US consumers.

The Federal Open Market Committee (FOMC) is the 12-member body of the US Federal Reserve that sets monetary policy, mainly by adjusting the federal funds rate. It includes Fed governors, the New York Fed president, and rotating regional bank presidents. The FOMC meets regularly to support the Fed dual mandate of maximum employment and stable prices.

Shares of Adani Green Energy Ltd (AGEL)rose nearly 3% in early trade on Wednesday triggered by a large block deal. Around 2.8 crore shares, equal to around 1.7% of the total equity shares of the company, worth about ₹2,718 crore, changed hands at around ₹970 per share. The details of the party involved are unknown, but it is most likely one of the major investors in the company.

Kalpataru Projects International Ltd (KPIL) has secured new orders worth ₹2,003 crore across buildings, factories, power transmission and distribution, boosting its domestic and global presence. With these wins, the year-to-date order intake reaches ₹17,000 crore. Shares rose 2% to ₹1,200.35, reflecting strong investor confidence in the EPC company’s growth prospects.

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