JAIPRAKASH POWER VENTURES LTD Q3 RESULTS
5 major iPhone 17 upgrades that make it way better than iPhone 16 — leaked rumors inside
The iPhone 17 is coming soon, likely on September 9. Rumors say it will have a bigger 6.3-inch screen, smoother 120Hz display, better 24MP front camera, faster Wi-Fi 7 chip, and quick 50W wireless charging. Fans of iPhone 16 may find these upgrades exciting, making the new model faster, lighter, and better for selfies, scrolling, and wireless charging.
Verizon’s $22 million relief fund offers Americans $800+ checks — here’s how to claim yours
Verizon has started a big debt relief fund with ForgiveCo to help veterans in need. The program is giving out checks worth more than $800 on average. Verizon is also working with sports teams to spread the message. The company says this is a way to honor veterans and support their communities.
France political crisis: Is country about to go bankrupt due to Donald Trump tariffs? Factors that have impacted Europe's 2nd largest economy
France's economy, the second largest in Europe after Germany's, appears strong at first glance. Before President Donald Trump's tariff war, growth was slow but steady and employment was picking up.
Explained: Why are Vedanta investors disappointed on Rs 17,000-crore Jaiprakash acquisition bid
Vedanta’s Rs 17,000 crore bid for Jaiprakash Associates assets raises concerns over weak synergies, debt risks, and limited turnaround potential. Analysts question the addition of non-core, litigation-prone businesses, though the staggered payment eases cash flow pressure. Shares fell 2.2%, reflecting investor skepticism amid volatile markets.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
Vedanta shares in focus as co emerges as highest bidder for Jaiprakash Associates
Vedanta Share Price: Vedanta emerged as the highest bidder for debt-laden Jaiprakash Associates with an NPV offer of Rs 12,505 crore. The plan involves a Rs 4,000 crore upfront payment and staggered payouts over five to six years. The company’s bid beat out other competitors, including Adani Group, Dalmia, Jindal Power, and PNC Infratech, in a challenge process conducted by the resolution professional.
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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.
SpiceJet to unground 10 aircraft by April 2026, expansion underway to meet market demand
SpiceJet aims to restore grounded aircraft by April 2026, including several Boeing 737 NG, MAX, and Q400 planes. The airline has secured maintenance slots and dispatched engines for repair. SpiceJet received overhauled engines from StandardAero. SpiceJet raised funds and finalized a lease for ten Boeing 737s.
Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years
Vedanta Ltd has emerged as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAIL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
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.
Demon Slayer Infinity Castle tickets are now available in India, but there’s a catch
Advance booking has commenced for Demon Slayer: Infinity Castle on BookMyShow, with screenings limited to select theaters from September 12-14. This first film adapts the final arc, depicting Muzan Kibutsuji's assault and the Demon Slayer Corps' ultimate battle. Available in Japanese and English, it promises breathtaking visuals and emotional depth, featuring new theme songs by Aimer and LiSA.
Vedanta beats Adani for acquisition of Jaiprakash Associates
Vedanta Group has emerged as the winning bidder for the debt-ridden Jaiprakash Associates (JAL), surpassing Gautam Adani's Group in a competitive acquisition process. The mining conglomerate's bid of Rs 17,000 crore translated to a net present value of Rs 12,505 crore. JAL, facing insolvency proceedings due to loan defaults, attracted multiple bidders, with Vedanta ultimately securing the deal.
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.
Multibagger in 6 months, GMDC shares surge 13% to hit fresh 52-week high
GMDC is one of India’s leading mining and mineral processing companies with operations for more than five decades.
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.
Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 months
SoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola Electric secured PLI scheme certification, potentially easing financial pressures. The company reported lower revenue and increased losses in Q1, attributed to heightened competition and weaker demand, with shares closing down 6.3%.
NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown
NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.
Varun Beverages shares in focus on JV incorporation with White Peak Refrigeration
Varun Beverages Ltd (VBL) shares are in focus following the incorporation of White Peak Refrigeration Pvt Ltd, a joint venture for manufacturing visi-coolers and refrigeration equipment. VBL also announced an investment in Jager Renewables Two Pvt Ltd to acquire up to 26% equity for solar power supply to its Rajasthan facilities.
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.
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.
Lenders of bankrupt Jaiprakash Associates to meet Friday; challenge process among 5 bidders likely
Lenders of Jaiprakash Associates Ltd (JAL), currently undergoing insolvency proceedings, will convene on Friday to discuss the 'challenge process' among five bidders, including Adani Group and Dalmia Bharat, aiming to maximize asset value. This process, with a minimum bid of Rs 12,000 crore, seeks the highest financial proposal.
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.
Treasury chaos: 30-year yield soars past 4.97% as US faces tariff refund threat
Treasury yields moved higher as investors worried about the future of U.S. tariffs after a key court ruling. The 30-year yield crossed 4.97%, its highest in weeks, while global bond markets also saw a sharp rise. The case over Trump tariffs has now created fresh questions for Wall Street, government revenue, and market stability.
Reliance Power, Reliance Infra shares hit 5% upper circuit. A look at Anil Ambani group stocks' 1-year run
Reliance Power and Reliance Infrastructure shares surged to 5% on Tuesday, continuing a two-day rally. Reliance Power shares have seen a sharp rally buoyed by positive developments in its renewable energy business.
Is Gavin Newsom already attracting donors for 2028? Netflix co-founder donates $2M into redistricting campaign
Netflix co-founder Reed Hastings gave $2 million for California’s redistricting plan. The campaign, called Proposition 50, could change House seats and is backed by Governor Gavin Newsom and top Democrats. Supporters say it will protect democracy, while Republicans strongly oppose it. The fight has become a big-money political battle with national attention.
Jensen Huang just dropped 8 shocking quotes that could redefine Nvidia's future
Nvidia CEO Jensen Huang shared big ideas about the company’s future. He talked about AI growth, robotics, supercomputers, and huge business chances in China. Nvidia is already the biggest tech company in the stock market, and it wants to grow even more with new AI tools and faster chips that can power the next generation.
JP Power shares hit 5% upper circuit on Rs 300 crore solar project proposal
JP Power’s board has approved exploring a 50 MW solar facility at its existing 500 MW Jaypee Bina Thermal Power Plant (JBTPP) site. The project will move ahead subject to requisite approvals, including clearance from lenders.
Adani Group stocks in focus as CCI approves acquisition of Jaiprakash Associates
Adani Share Price: The Competition Commission of India (CCI) has approved Adani Group's acquisition of Jaiprakash Associates Ltd (JAL), a significant step in Adani's infrastructure and real estate expansion. JAL, undergoing insolvency proceedings with substantial creditor claims, possesses extensive assets, including real estate projects, commercial properties, and cement plants. The Committee of Creditors will now review resolution plans.
Jaiprakash Power Ventures plans to set up Rs 300 cr solar power plant in MP
Jaiprakash Power Ventures is gearing up to establish a 50 MW solar power project in Madhya Pradesh, with an anticipated investment of Rs 300 crore. The company's board has reviewed the proposal, outlining plans to situate the solar plant at its existing Jaypee Bina Thermal Power Plant site.
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