Reliance Infrastructure (RInfra) has posted a sharp decline in consolidated net profit at Rs 918.07 crore during the March quarter of FY26, citing higher expenses.

The company had reported a net profit of Rs 4,387.08 crore in the same quarter a year ago, Reliance Infrastructure said in an exchange filing on Friday.

During the latest January-March period, the company’s total income fell to Rs 4,154.34 crore from Rs 4,268.05 crore recorded in the fourth quarter of the preceding 2024-25 financial year.

Expenses, which include multiple components, increased to Rs 5,419.87 crore in the reporting period from Rs 4,827.97 crore in the corresponding quarter of FY25.

The cost of power purchased during the said quarter increased to Rs 3,285.68 crore from Rs 2,739.62 crore in the January-March period of 2024-25.

For the entire FY26, the net profit dipped to Rs 2,900.23 crore from Rs 4,937.52 crore recorded in FY25.
The annual income came down to Rs 20,862.03 crore in FY26 from Rs 23,999.29 crore in the preceding fiscal.Meanwhile, the company has announced the appointment of Vijesh Babu Thota as the Chief Executive Officer (CEO) effective May 23. Thota was the company’s Chief Financial Officer (CFO).

The company has approved the appointment of Asheesh Chaturvedi as the new CFO.

Reliance Infrastructure is one of the largest infrastructure companies, developing projects in sectors such as power, roads, metro rail and defence.

Around 30 stocks are set to turn ex-date for corporate actions such as dividends, bonus issues, and more in the week between May 25 and 29. Stocks likely to be in focus include IT giant Tata Consultancy Services (TCS), two-wheeler major Bajaj Auto, FMCG firm Tata Consumer Products, state-run insurer LIC, and others.

Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.

TCS dividend
IT major Tata Consultancy Services (TCS) last month announced a final dividend of Rs 31 per share (3,100%) for the financial year ended March 31, 2026. The company stated that the FY26 shareholder payout in the form of dividends stood at Rs 39,571 crore. The dividend will be paid to the eligible shareholders on June 12, subject to deduction of tax at source, the Tata Group company said in an exchange filing earlier this month.Tata Consumer Products dividend
The diversified FMCG arm of the Tata Group, Tata Consumer Products, will trade ex-dividend on Monday for its Rs 10 dividend for FY26. The dividend, if approved by shareholders at its upcoming Annual General Meeting on June 10, will be paid to the eligible shareholders on or after June 15, 2026.

LTI Mindtree dividend
LTI Mindtree late in April said that its board of directors has recommended a final dividend of Rs 53 per share with a face value of Re 1 each, subject to shareholders’ approval at its upcoming AGM on June 1. LTM has fixed the record date at May 25 for a final dividend payout.
Fabric and apparel manufacturer Siyaram Silk Mills has set May 25 as the record date for its special dividend of Rs 4 per share. Aurique meanwhile will turn ex-record date on the same day for its 6:1 bonus issue.
Hatsun Agro Product will turn ex-dividend on May 26 (Tuesday) for its interim dividend of Rs 10 per equity share. Dhampur Sugar Mills, which is an integrated sugarcane processing firm, has declared an interim dividend of Rs 2 per share, with the stock scheduled to trade ex-dividend on Tuesday.

IRB Infrastructure Developers, operating in road and highway construction management, has announced an interim dividend of Rs 0.05 per share. The stock turns ex-dividend on May 26.

FMEC International Financial Services has fixed Tuesday as the record date for two corporate actions. The stock will turn ex-date simultaneously for a stock split and a 1:10 bonus issue.

Shares of IB Infotech meanwhile on Tuesday will trade ex-date for a 10:1 stock split. The company will subdivide its existing equity shares of a face value of Rs 10 each into 10 equity shares of a face value of Re 1 each. GPT Infraprojects has Tuesday as the record date for its Re 1 dividend.

ITC dividend
ITC board of directors recommended a final dividend of Rs 8 per share for the financial year ended March 31, 2026. The FMCG major fixed Wednesday, May 27, as the record date for the purpose of determining the eligibility of the members for the final dividend. The dividend payment will be subject to shareholders’ approval at the 115th Annual General Meeting of the company, which has been convened for Thursday, July 23, and will be paid between Friday, July 24 and Wednesday, July 29.

On Wednesday, the shares of Chemcon Speciality Chemicals and Page Industries will also turn ex-record date for their respective dividends. Shah Metacorp meanwhile has fixed Wednesday as the record date for its rights issue. Aptech shares on the other hand will turn ex-record date for its dividend on Thursday.

Bajaj Auto dividend
Two-wheeler maker Bajaj Auto stands out as one of the highest dividend payers on this week’s list, rolling out a final dividend of Rs 150 per equity share. The company has fixed Friday, May 29 as the record date to determine shareholders’ eligibility.

LIC bonus issue
Life Insurance Corporation of India’s (LIC) board last week approved issuance of bonus shares in 1:1 proportion and India’s largest life insurer has set May 29 as the record date to determine shareholders’ eligibility for the payment of an extra share. Under the issue, the company will pay one new fully paid-up equity share of Rs 10 each for every one existing fully paid-up equity share of Rs 10 each.

GSK Pharma has fixed Friday as its record date for its final dividend of Rs 57 per equity share for FY26. ICICI Lombard General Insurance Company will turn ex-dividend on Friday for its final dividend of Rs 7 per share. Eris Lifesciences will trade ex-dividend on Friday for its interim dividend of Rs 7.21 per share.

Bank of India, Caplin Point Laboratories, Uno Minda, BCPL Railway Infrastructure, JB Chemicals & Pharmaceuticals, Phoenix Overseas, S Chand and Company, Torrent Pharma and others also have their record dates on Friday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The most valuable asset in the ongoing Indian Premier League (IPL) isn’t the media rights, the sponsorship slots, or even the players. It’s the fans, of course.

At 7:30 pm everyday, TVs and streaming apps turn on like clockwork. If you were on public transport, you’d hear match commentary out loud from at least one mobile nearby. We all check the score in between meetings, and argue passionately about the mega auctions. It’s almost as if nothing else happens in our lives for those two months.

The IPL has built what every modern brand dreams about, a large, emotional, repeat audience. In 2025, the IPL ecosystem was valued at roughly $18.5 billion, with the league’s standalone brand value at $3.9 billion. This season, the IPL has already crossed 1.1 billion in reach across TV and digital.

But what do teams do with this devotion beyond ads, merchandise and match-day content?

Here’s where the concept of fan tokens becomes interesting. The model has already been tested through a blockchain-based sports platform called Chiliz and its fan engagement platform, Socios. Over the past few years, Chiliz partnered with several major European football clubs including FC Barcelona, Paris Saint-Germain F.C. and Manchester City F.C. to launch digital fan tokens.

Think of these tokens as digital exclusive membership passes. Fans could buy them through Socios and unlock experiences tied to their favourite clubs like voting on smaller fan-facing decisions, accessing exclusive merchandise, participating in contests, earning rewards, or getting VIP experiences such as stadium tours and meet-and-greets.
The crypto element mostly worked in the background, bringing the efficiency and digital-native nature of blockchain technology to fan engagement. Fans did not need to understand the technology to use the product. What blockchain enabled was a transparent and verifiable system of digital ownership and participation. Fans held a tradable digital asset connected to the ecosystem, instead of just a membership card with a few reward points and discounts.Knowing that distinction is important, because sports engagement today lives online. Considering how Indian fans engage, the IPL seems like an ideal product market fit.

IPL fandom today is digitally entrenched. Teams are internet-native entertainment brands. Audiences live on reels, meme pages, fantasy apps, WhatsApp groups and livestream chats. A fan in Jaipur reacts to a game in almost the same way as a fan in Dubai or Bengaluru. Geography means next to little as the community thrives online.

Fan tokens work best when the fandom already exists online. It would be a mistake to treat this as just another trading product. The participation opportunity here is massive. Most fans are not looking to “invest” in a cricket team in the traditional sense. They just like the idea of being involved beyond watching a match and buying a jersey once a year.

An IPL fan token could potentially unlock early access to tickets, signed merchandise, behind-the-scenes content, loyalty rewards, meet-and-greets, or small fan-facing votes around the franchise. Not cricketing decisions, thankfully. No team wants a Twitter poll deciding the playing XI.

Modern sports fans love an interactive experience. This is where India could approach fan tokens differently from Europe.

European football fandom evolved around legacy club memberships and decades-old supporter communities. India’s digital behaviour is far more mobile-first and reward-driven. Indian users are already comfortable with gamified ecosystems like fantasy sports, loyalty programs, UPI rewards, and creator communities. The emotional behaviour and the required infrastructure already exists.

It’s the execution that needs to be thought of, which is precisely where blockchain adds the most value.

There is a real risk of overengineering this idea. If fan tokens become overly financialised, most fans will lose interest quickly. Sports fandoms work because they feel light and fun. The moment it starts sounding like a trading strategy webinar, the magic disappears.

Simply reward fans for being fans. Give them access, identity and membership perks that actually feel worth it. Build communities that thrive after the tournament ends. All while blockchain infrastructure sits quietly in the background.

Participation is becoming a huge part of the fan experience through content, conversations, fantasy leagues and communities. The IPL already understands this better than most leagues in the world. Blockchain-based fan tokens, if done properly, could simply become the next extension of that relationship.

In the past two months, 12 penny stocks delivered impressive gains ranging from 25% to 125%, including two multibaggers. These outperformers were identified using specific filters: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares. This approach helped spotlight low-priced, actively traded micro-cap stocks exhibiting strong upward momentum.

Penny stocks continue to draw interest due to their low price points and high potential for returns. However, they come with substantial risk, marked by low liquidity, sharp volatility, and limited transparency. For investors, success in this space requires more than luck; it demands discipline, thorough research, and a firm grip on risk management.