VEDANTA LTD Q3 RESULTS
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.
Cos reset sustainability goals amid extreme weather surge
Indian conglomerates like L&T, RPG Group, and Vedanta are intensifying sustainability efforts due to increased extreme weather events. These initiatives include reducing carbon emissions, promoting renewable energy, and implementing ESG metrics into business goals. Companies are also focusing on waste reduction, biodiversity restoration, and employee training in climate mitigation.
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.
Garena Free Fire Max Redeem Codes for September 7, 2025: Unlock 10+ free rewards now
Garena Free Fire Max players can snag free in-game items using redeem codes released on September 7, 2025. These 12-character alphanumeric codes offer a chance to grab rewards, but they expire quickly and can only be used once. Players can redeem these codes by visiting the official redemption site and logging in with their linked accounts.
Maine in crisis as deadliest disease in the world spreads among residents
The Maine CDC has confirmed three unrelated cases of active tuberculosis (TB) in the Greater Portland area, urging residents to be aware of symptoms like a persistent cough lasting more than three weeks. Despite Maine reporting 28 TB cases this year, health officials stress the public’s risk remains low. TB spreads only through “close, prolonged contact,” and can be treated with antibiotics or prevented by the BCG vaccine.
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Urban Company IPO risks explained: 12 warnings on operations, regulations and valuation
Urban Company's upcoming IPO, opening September 10, carries inherent risks for investors. The Red Herring Prospectus highlights concerns including sustained losses, intense competition, and high marketing costs. Dependency on gig workers, legal and regulatory challenges, and potential data security breaches also pose threats. Furthermore, reliance on limited service categories and geographic concentration could impact business.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
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.
TikTok influencer Esmeralda FG and family found dead in Guadalajara
TikTok star Esmeralda FG and her family were found dead in Guadalajara, Mexico. The family included her husband and two children. Authorities said the violence seemed aimed at her husband. Their bodies were discovered wrapped in plastic at a mechanic’s shop. Investigators from Jalisco and federal agencies are working together to find the killers and collect evidence from the crime scene.
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.
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%.
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.
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.
Expected price hike to a lack of premium camera features - is Apple's iPhone 17 already facing headwinds?
Apple is getting ready to launch the iPhone 17 series, with the latest iPhone 17 Air making it one of the most major redesigns in years. The device will be about 2mm thin, but this slimmer profile could minimize battery capacity unless offset by software enhancements. Costs are also anticipated to elevate by $50–$100 across models, making the iPhone 17 Air between $949 and $999 as per the analysts.
Stocks in news: Jio Financial, Swiggy, Aptus Value Housing, Coal India, Maruti Suzuki
Indian markets surged, fueled by GST Council optimism. Key highlights include BHEL securing a ₹2,600 crore order and Swiggy raising platform fees in high-demand areas. Aptus Value Housing faces a potential share sale by WestBridge Capital, while Maruti Suzuki unveils its new Victoris SUV. Coal India is venturing into renewable energy with significant solar and wind power plant tenders.
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.
Apple wins big! Judge refuses to kill its $20 billion Google search goldmine, stock soars
Apple won a big court boost as a judge allowed its search deal with Google to continue. This deal is very important for Apple because it gives huge money every year. The decision also made Apple stock rise. Google also gained after the ruling. The case is part of a bigger fight over search power.
Domestic mutual funds now own 10.6% of NSE-Listed companies, highest ever: NSE Pulse Report
Domestic mutual fund ownership in NSE-listed companies hit a record 10.6%, driven by strong SIP inflows and rising retail participation. Active funds hold 8.6%, passive 1.9%. Combined direct and indirect individual ownership now stands at 18.5%. Both active and passive equity AUMs show robust growth, reflecting sustained investor confidence.
Tata Steel and other metal stocks rally up to 6% on China capacity curbs, policy support
Metal stocks rallied on Wednesday with Tata Steel up 6%, as China’s production curbs and India’s tariff protection boosted sentiment. The Nifty Metal index rose 2.5%, led by Tata Steel, Jindal Steel, SAIL, and JSW Steel, with analysts seeing firmer steel prices ahead.
Vedanta hands out ESOPs worth Rs 450 crore in FY2025
Vedanta Limited has granted Employee Stock Options Scheme worth Rupees 450 crore for fiscal year 2025. This ESOS allows employees to purchase company shares at a discounted rate. It includes both top management and entry-level professionals. The company has been administering its ESOS for over 20 years. Equity awards have increased significantly in the last five years.
Global debt inflows set to rise as India’s credit profile strengthens: LIC MF’s Pratik Shroff
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Report
The Reserve Bank of India's interest rate cuts have lowered borrowing costs, boosting debt serviceability for companies, though benefits are uneven. A Bank of Baroda report indicates that while overall sales and profit growth have occurred, the crude oil and BFSI sectors significantly influence these trends.
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.
Vedanta shares in focus as NCLT defers demerger hearing, SC dismisses plea
Vedanta shares: The NCLT deferred its hearing on the company’s five-way demerger to September 17 following government objections over alleged concealment of information and inflated revenues, while the Supreme Court rejected Vedanta’s compensation plea in a separate case. The stock fell nearly 3% on Wednesday after the developments.
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