Business
Stock markets trade lower in early trade as selling in Reliance Industries, HDFC Bank dents sentiment
Benchmark indices Sensex and Nifty declined in early trade on Tuesday (January 6, 2026), dragged by heavy selling in blue-chips Reliance Industries, HDFC Bank, and worries over fresh warning from the U.S. to further raise tariffs against India.The 30-share BSE Sensex declined 431.95 points to 85,007.67 during early trade. The 50-share NSE Nifty tanked 105.6 points to 26,144.70.
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Supreme Court grants relief to Adani Power, sets aside customs duty on SEZ electricity
In a relief to Adani Power Limited, the Supreme Court on Monday (January 5, 2025) held that customs duty cannot be imposed on electricity supplied from a Special Economic Zone (SEZ) to the Domestic Tariff Area (DTA), setting aside a 2019 judgment of the Gujarat High Court and relieving the company of the levy on power generated at its Mundra plant.A Bench comprising Justices Aravind Kumar and N.V. Anjaria ruled that the levy l...
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