Uncategorized

Vedanta Ltd wins bid for Jaiprakash Associates Ltd with a ₹12,505 crore NPV offer, beating Adani Group. Payment to be staggered over 5-6 years.

Indian Biogas Association welcomes GST cut on biogas plants to 5%, expecting increased investment and growth in India’s renewable energy sector.

JSW Cement will see 36.7 million shares or 3% of its outstanding equity free up for trade when its shareholder lock-in comes to an end on September 11.

The Indian equity market witnessed a smart recovery, with the Nifty managing to close above its 21-DMA, currently placed around 24,700. However, the recent momentum faced resistance near the 50-DMA at 24,980.

Foreign investors withdrew ₹12,257 crore from Indian equities in September amid dollar strength, US tariffs, and geopolitical tensions. Read expert insights.

BHEL tied up with Horizon Fuel Cell for hydrogen-based rolling stock, while Aurobindo Pharma and Zydus Lifesciences reported FDA observations. PNB Housing cleared a ₹5,000 crore NCD issue, SpiceJet posted a Q1 loss, Vedanta led bids for Jaiprakash Associates, and…

Physicswallah, which is backed by WestBridge Capital, Hornbill, and GSV Ventures, proposes to raise ₹3,100 crore via issuance of new shares, while the promoters Alakh Pandey, and Prateek Boob will be selling ₹720 crore via offer-for-sale (OFS).

Earlier this year, while speaking to CNBC-TV18, Chairman and Managing Director Boman Rustom Irani said the company has achieved more than 25% of its annual pre-sales guidance in the first quarter.

The Wangchhu project will see an investment of about ₹6000 crore in setting up the renewable energy power plant and related infrastructure.

Deepak Ballani, DG at ISMA, and Atul Chaturvedi, Executive Chairman of Shree Renuka Sugars, discuss the government’s ethanol policy, sugar production outlook, and pricing dynamics ahead of the festive season.