ADANI ENTERPRISES LTD Q1 RESULTS

Vedanta to pour Rs 17,000 cr into Jaiprakash Associates, beats Adani bid

Vedanta won the bid for Jaiprakash Associates with a ₹17,000-crore offer. It outbid Adani Enterprises in the insolvency battle. The deal involves major cement facilities. Only Vedanta and Adani submitted binding offers. Other suitors like Jindal Power and Dalmia Bharat did not participate. The Committee of Creditors will review Vedanta's winning bid. The resolution process for Jaiprakash Associates faced delays.

SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%

SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.

Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore

Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.

Adani Power gets shareholder nod for 1:5 stock split

Adani Power received shareholder approval for a 1:5 stock split, as announced in a postal ballot on August 1, 2025. This decision, aimed at enhancing retail investor participation, will subdivide each Rs 10 share into five shares of Rs 2 each. Post-split, the number of equity shares will increase significantly, while the company's capital structure remains unchanged.

Broadcom forecasts fourth-quarter revenue above estimates

Broadcom has been one of the biggest beneficiaries of the generative artificial intelligence boom with hyperscale customers, including Google, adopting its custom accelerators due to their ability to process large quantities of data quickly.

Varun Beverages Ltd forms JV with Everest International to make refrigerators

Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.

Broadcom Q3 earnings beat expectations driven by AI revenue - can its custom chips challenge Nvidia?

AVGO stock: Broadcom's fiscal third-quarter earnings exceeded expectations, fueled by robust AI demand. The company anticipates even higher revenue in the current quarter, driven by custom AI accelerators, networking components, and VMWare software. While shares remained mostly flat, investor optimism persists regarding Broadcom's potential to challenge Nvidia's market share in AI chips.

Porinju Veliyath buys shares worth Rs 5.5 crore in Fratelli Vineyards via bulk deals

Investor Porinju Veliyath acquired 5 lakh shares in Fratelli Vineyards worth Rs 5.5 crore via bulk deals. The stock rose 5% to Rs 109.70 despite being oversold and a year-long decline, as the company reported a Q1FY25 net loss of Rs 5.8 crore. Fratelli Vineyards has been a market laggard, with its share price falling nearly 72% in the past 1 year. This year, the stock price has eroded by 67%.

Omnichannel jewellery retailer Bluestone narrows Q1 loss as revenue rises 41%

For the Bengaluru-based company, which announced its first results after listing on the Indian bourses, total expenses during the quarter rose 29% to Rs 538.4 crore, led by a 51% jump in employee benefit costs to Rs 62.9 crore.

U.S. stock market: Today’s hot stocks Alphabet, American Eagle, Nvidia lead market movers — are investors chasing the right picks now?

U.S. stock market is going through a volatile September, a month that historically tests investor nerves. Today, the spotlight is on Alphabet, American Eagle, and Nvidia, which are leading market movers with sharp gains despite broader uncertainty.

Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%

Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.

Small and mid-cap firms lag behind large caps in Q1 earnings show

An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.

US stock market: Dow Jones falls, S&P 500, Nasdaq gain. Check top performing stocks

Google parent Alphabet and Apple made big gains as S&P 500, Dow Jones, Nasdaq look ahead to key US jobs data later in the week.

AI titan Anthropic just raised $13 billion, now valued at a massive $183 billion

AI company Anthropic raised $13 billion and is now worth $183 billion, showing strong investor interest in AI. The startup’s revenue jumped fast in 2025 from $1 billion to over $5 billion. Anthropic plans to use the money for AI safety, global growth, and enterprise services, while also working with governments on AI strategy and defense.

JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%

JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025.

Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number

HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.

Robust Q1 GDP numbers reflect India's resilience: Economic Affairs Secretary

RBL Bank shares rise 3% after Societe Generale acquires shares worth Rs 79 crore via bulk deal

RBI Bank share price: French lender Societe Generale executed a bulk deal in RBL Bank, purchasing over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares in another trade.

Snowflake stock surges over 20% after strong Q2 earnings and positive guidance for next quarter

SNOW stock today: Snowflake shares saw a big jump after strong earnings. The company beat Wall Street forecasts for the second quarter. Revenue reached $1.1 billion, a 32% increase. Snowflake also gave a positive outlook for the current quarter. Businesses are using Snowflake for AI projects. The company is helping firms deploy their own AI agents using data.

Adani hits record Rs 23,793 crore Ebitda in June quarter

The Adani Group's Ebitda reached a record ₹23,793 crore in the June quarter, driven by strong cement business growth. This offset a weaker performance from Adani Enterprises, where Ebitda declined. The group's overall Ebitda growth supports its planned capital expenditure of ₹1.5 to 1.6 lakh crore, aiming for ₹2.5 lakh crore Ebitda by FY30.

Ahead of Market: 10 things that will decide stock market action on Friday

Indian market closed lower on Thursday. Banking and IT stocks faced selling pressure. United States tariffs on Indian imports impacted investor sentiment. BSE Sensex fell by 705.97 points. NSE Nifty declined by 211.15 points. Most sectors traded in the red. Investors booked profits from recent gains. Consumer durables outperformed due to GST rationalisation and festive demand expectations.

Family Power: Adani Group adds women leaders by tapping founders’ inner circle

Gautam Adani's conglomerate is increasing female leadership, including family members, to meet diversity goals. Srushti Adani will lead digital initiatives, while Diva Adani will focus on airport business strategies. This move reflects a broader trend in Indian conglomerates, balancing family control with evolving roles for women in key decision-making positions.

India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?

The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.