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In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets: 1. Reliance Q2 Results — Strong Growth Across Segments Reliance Industries reported a solid second quarter with revenue up 10% year-on-year and profit up 14%. The Oil-to-Chemicals business saw higher refining margins, while retail and Jio continued expanding rapidly. Reliance Retail’s revenue grew 18%, driven by festive demand and quick commerce expansion, and Jio added over 8 million new users. Meanwhile, its New Energy and AI ventures showed how the company is gearing up for the future. 2. SEBI’s Big Plans to Reshape Mutual Funds SEBI has proposed sweeping reforms to make mutual funds more transparent and investor-friendly. The changes aim to clarify expense ratios, limit brokerage fees, and introduce performance-linked fees. SEBI also wants to move all statutory levies outside TER caps and eliminate extra add-ons like exit-load charges — a move that could change how fund houses manage costs and how investors perceive value. Timestamps: 00:00 Intro 00:23 Inside Reliance’s Q2 performance 14:15 Big changes for mutual funds 25:31 Tidbits Get smarter every day with our daily newsletter. Subscribe here: https://thedailybrief.zerodha.com/ Checkout Markets By Zeodha's Reddit here: / marketsbyzerodha Checkout The Chatter here: https://thechatterbyzerodha.substack.... Check out our latest newsletter "Aftermarket Report" here: https://aftermarketreport.substack.com/ Every day, each team member shares something they've learned, not limited to finance. It's our way of trying to be a little less dumb every day. Check it out here: https://onethingwelearned.today/ Listen to this episode on your preferred podcast platform: Spotify: https://open.spotify.com/show/2SJiLdv... Apple Podcasts: https://podcasts.apple.com/in/podcast... Disclaimer: Some image(s) may have been created using Al, no copyright infringement is intended. Note: This content is for informational purposes only. None of the stocks, brands or products mentioned are recommendations or endorsements.