CCPS SALE JP POWER
JSW, Vedanta, Adani among companies keen to buy GVK Energy's asset
JSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand, as insolvency proceedings against GVK Energy move forward. Several other firms, including Torrent Power and Jindal Steel & Power, have also expressed interest in acquiring the plant.
Cybersecurity firm Netskope eyes up to $6.5 billion valuation in US IPO
US listings rebounded after an April slump sparked by tariff-driven market volatility, as signs of progress in trade negotiations and demand for fresh listings restored confidence in the market.
Sold your house property or land? These nine sections in Income Tax law can help save capital gains tax
Indians can save capital gains tax on property sales. The Income Tax Act offers nine sections for tax reduction or zero tax. Sections cover residential, industrial, agricultural land sales. Investment in new properties or bonds provides exemptions. Relocation of industrial units to specific zones also offers tax benefits. Investing in eligible startups can reduce tax burden.
China's EV and hybrid sales growth at slowest in 18 months
China's electric and hybrid vehicle sales growth slowed to a 1.5-year low in August, rising just 7.5% annually amid government efforts to curb price wars. While outpacing gasoline cars for the sixth month, overall car sales growth also decelerated. BYD cut its sales target, and Li Auto faced declining hybrid demand.
Saudi sovereign wealth fund PIF to sell 10-year US-dollar bond
Saudi Arabia's almost $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), opened books for a 10-year U.S. dollar-denominated bond, expected to price later on Monday, fixed income news service IFR reported.
Rs 15,000 crore in vain? LG Electronics IPO has investors worried about a Korean red flag
LG Electronics is set to launch a Rs 15,000 crore IPO in October through an offer-for-sale, sending proceeds to its Korean parent. While the company leads India’s appliance market, investors remain cautious about short-term gains, recalling Hyundai India’s disappointing debut despite long-term growth prospects.
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She sold her house for Rs 2.7 crore to buy seven new flats and paid no income tax, wins case in ITAT Delhi; Know how
Saroj sold her Punjabi Bagh house for Rs 2.7 crore. She then bought seven apartments in Greater Noida. She reported Rs 5 lakh income in ITR and claimed Rs 2.2 crore LTCG tax exemption. The tax department partially denied the exemption. Then Saroj appealed to ITAT Delhi. ITAT Delhi ruled in her favor.
LG Electronics set to launch Rs 15,000 crore IPO in India this October
LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise ₹15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
Vehicle retail sales in August grow 2.84 pc, rise in sales expected in September amid GST cuts: FADA
Vehicle sales saw a slight increase. Federation of Automobile Dealers Association (FADA) shared the data. Passenger vehicle sales were marginally up. Two-wheeler sales also experienced a rise. Tractor sales witnessed maximum growth. Dealers are optimistic about September. They anticipate accelerated growth due to policy changes and festivals. Goods and Services Tax (GST) rate cuts are expected to boost sales.
Adani Power shares surge 5% after JV for 570 MW hydropower project in Bhutan
Adani Power shares jumped 5% to Rs 640.55 after the company signed a shareholders’ agreement with Bhutan’s Druk Green Power Corporation to set up a 570 MW hydroelectric project at Wangchhu. Signed on September 5, the pact involves forming a joint entity, marking Adani Power’s strategic entry into Bhutan’s hydropower sector and expanding its renewable energy footprint abroad.
Stocks in news: Hyundai India, Vedanta, Adani Power, Tata Motors, Aurobindo Pharma
Indian markets remained mostly stable on Friday, with several companies making headlines. Hyundai India will reduce prices following GST reforms, while Adani Power will develop a hydroelectric project in Bhutan. Vedanta's bid for Jaiprakash Associates includes a staggered payment plan, and Tata Motors will pass on GST benefits to commercial vehicle customers.
Amber Enterprises raising Rs 1,200 crore for its subsidiary Iljin Electronics
Amber Enterprises India is set to raise Rs 1200 crore from investors like ChrysCapital and Raptor Investments for its electronic manufacturing service business, Iljin Electronics. The funds will fuel Iljin's organic and inorganic growth, with Amber's stake diluting post-investment. Iljin manufactures printed circuit boards for various industries, including automotive and telecommunications.
Claim $200 free cash now! America’s largest bank doles out money back offer you can’t miss
Chase Bank $200 Bonus Offer: Chase Bank is giving a $200 bonus for new customers who sign up for the Chase Freedom Unlimited Credit Card and spend $500 in three months. The card has no annual fee, cash back rewards, and travel perks. This is a limited-time offer for select customers, so people should act fast to claim it.
Rains, potholes, 4-hour commute: Bengaluru resident says city feels like a hostage situation. Internet debates
Bengaluru traffic problems are highlighted in a recent online post. A commuter's three-hour journey turned into four due to bad roads. The post sparked debate about solutions like better public transport. Many people discussed the metro system's efficiency and last-mile connectivity issues. Some users shared experiences from other cities. They pointed out interchange challenges.
Mamata Banerjee warns BJP MLAs over 'Modi Chor' slogan, then raises it herself in Assembly drama
West Bengal Chief Minister Mamata Banerjee rebuked BJP MLAs for chanting slogans perceived as insulting to Prime Minister Narendra Modi in the assembly. Despite her criticism, Banerjee herself later echoed similar sentiments by shouting slogans accusing both Modi and Amit Shah of being thieves. Opposition Leader Suvendu Adhikari condemned Banerjee's actions, emphasizing the disrespect shown to the Prime Minister.
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.
GST 2.0 can renew promise of renewables biz, cut power bills
The Goods and Services Tax (GST) Council decided to cut tax on renewable energy parts. Tax rate reduced from twelve percent to five percent. This will boost manufacturing and make renewable energy cheaper. Solar and wind power projects will cost less. Waaree Energies and Suzlon Group plan to pass on the benefits to consumers.
iPhone 17 Air price leak: 256GB at $1,099, while massive 1TB model hits $1,499
iPhone 17 Air price: The iPhone 17 Air is poised to be a significant redesign, potentially replacing the iPhone 16 Plus. TrendForce predicts a starting price of $1,099 for the 256GB model, reaching $1,499 for the 1TB version. It will feature the A19 chip and 12GB of RAM, alongside a 120Hz ProMotion display, with the regular iPhone 17 retaining its $799 price.
Race for investment in JP Power ahead of parent auction today
Adani Power, Kotak Alternate Assets, Vedanta, and Oaktree are vying for JP Power's ₹3,800 crore CCPS, potentially gaining a 25% stake and triggering an open offer for a controlling share. This move could give the winning bidder an edge in acquiring parent company Jaiprakash Associates, which is up for auction with a base price of ₹12,000 crore.
Amazon India’s Great Indian Festival sale to start from September 23
Amazon India will launch its Great Indian Festival sale on September 23. The sale starts after new GST rates take effect. Prime members get early access. Flipkart's Big Billion Days sale is also coming soon. The GST changes impact many goods and services. Many food items will see reduced taxes.
Citibank appoints Kaustubh Kulkarni as co-head of investment banking for Asia-Pacific
Citibank has appointed Kaustubh Kulkarni as co-head of investment banking. He will oversee operations in Japan, North Asia, Australia, and South Asia. Kulkarni will join from JPMorgan. He will be based in Singapore. Vikram Chavali and Deepak Dangayach have also been appointed to key roles. Citi's investment banking revenues increased by 15% in the second quarter.
JSW Cement’s loss widens in Q1 on exceptional loss
JSW Cement reported a consolidated loss of Rs 1,366.41 crore for the June quarter, significantly higher than the previous year, due to an exceptional loss from converting compulsory convertible preference shares into equity shares. Despite the loss, revenue grew by nearly 8% to Rs 1,559.
Amazon to end Prime Invitee program, restrict free shipping to household members only
Amazon is discontinuing its Prime Invitee program on October 1, restricting free shipping benefits to household members only. Subscribers will now need to use the Amazon Household and Family Sharing program. This shift comes as Amazon consolidates benefits under a structured system, potentially driving independent sign-ups and boosting revenue, though it may frustrate some members.
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.
Nestle investors face more turbulence after another CEO ousted
Nestle faces leadership change. Laurent Freixe is out as CEO due to a relationship with a subordinate. Philipp Navratil replaces him. This follows Mark Schneider's earlier departure. Investors are worried about Nestle's direction. Share prices have fallen. A review of the vitamins business is underway. Analysts express concern over the lack of a thorough CEO search.
D-St plans on Jio's mind, likely tariff hike may boost valuation: Analysts
Reliance Industries is planning to list Jio Platforms by 2026. This move may lead to a 15% tariff increase in the telecom sector. Analysts predict Jio's valuation could rise beyond $133 billion. The IPO will offer exits to early investors. Sebi's new rule benefits Jio's listing. Reliance aims to leverage GenAI, using new energy and Nvidia chips.
Tata Capital to launch $2 bn IPO in late September, eyes $11 bn valuation
Tata Capital is set to launch a $2 billion IPO in late September, targeting an $11 billion valuation. The IPO includes fresh equity and an offer for sale by Tata Sons and IFC, aiming to bolster the company's capital base.
Nvidia stock gets boost from JP Morgan; analysts look past tepid outlook, hike target price
J.P. Morgan reaffirmed its bullish stance on Nvidia, raising its target price to $215 despite softer guidance. Nvidia posted record Q2 revenue of $46.7 billion and net income of $26.4 billion, driven by AI and networking demand. Risks persist, but analysts see strong multi-year growth potential in AI infrastructure.
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