OYO rebrands as Prism before IPO
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🗞️ Vedanta stakes ₹17,000 cr on Jaiprakash assets
Vedanta outbid several rivals to acquire JP Associates' cement assets in a ₹17,000 crore deal, though analysts flagged debt risks given the company's leverage.
💬 Expert Take — Naveen Kulkarni, Nuvama Institutional Equities: “The acquisition strengthens Vedanta’s cement portfolio but stretches its balance sheet — execution and debt servicing will be key risks.”
🗞️ India, Qatar near FTA terms by October
India and Qatar are expected to finalize terms of reference for a Free Trade Agreement by early October, potentially strengthening energy and goods trade flows.
🗞️ Audi cuts prices after GST 2.0 reforms
Audi India announced price reductions of up to ₹7.8 lakh to pass on benefits from the new GST reform, enhancing its luxury car segment’s appeal.
🗞️ Vehicle sales surge 28% in August
Retail sales jumped 28.4% YoY to nearly 2 million units last month, driven by strong demand in two-wheelers and passenger cars.
🗞️ OYO renames parent entity to Prism ahead of IPO
Oyo has rebranded its corporate structure to Prism Pvt Ltd as it prepares for its upcoming IPO.
🗞️ SpaceX pays $1.7 bn for EchoStar spectrum
SpaceX acquired spectrum licenses from EchoStar in a $1.7 billion deal to expand its global Starlink broadband services footprint.
🗞️ Google hit with €3.45 bn fine in EU
The European Commission penalized Google with a €3.45 billion antitrust fine for allegedly abusing dominance in adtech to squeeze competitors.
🗞️ GST to benefit 10 crore dairy farmers
GST cuts are set to ease costs across feed, logistics, and inputs for around 10 crore dairy farmers, per the Ministry of Cooperation.
Market Update – 8 Sep 2025
Sensex: 80,787.56 ▲ +76 pts (~+0.09%)
Nifty 50: 24,756.00 ▲ +15 pts (~+0.06%)
USD/INR: ₹88.26 ▲ (rupee weaker)
Gold (24K spot): ₹10,838/g (≈ ₹1,08,380/10g) ▲ record high
Brent crude: ~$67.2/bbl