Vedanta Raises $500M via Bonds
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🗞️ Indian Oil Q2 profit rises 40x YoY
Indian Oil reported a massive 40x YoY jump in Q2 profit, driven by improved refining margins and lower base effect. The company’s profitability reflects recovery in the oil and gas sector after a volatile FY25.
💬 Expert Take — “Refining spreads remain resilient, but product pricing control will determine sustainability.”
🗞️ SEBI halts Sterlite Electric IPO
SEBI has put Sterlite Electric’s IPO plans on hold, citing pending clarifications from the Vedanta Group. The company had filed for an estimated ₹2,000 crore public issue earlier this month.
🗞️ Vedanta raises $500 million via bond issuance
Vedanta Resources raised $500 million through international bonds to refinance short-term liabilities. The move strengthens Vedanta’s balance sheet amid its ongoing restructuring and asset monetization drive.
🗞️ Indus Towers Q2 profit declines 17% YoY
Indus Towers reported a 17% decline in Q2 net profit to ₹1,837 crore, while revenue rose 10% to ₹7,616 crore, reflecting margin pressure from rental renegotiations with major telcos.
🗞️ Harman to invest ₹345 crore in Pune facility
Harman International will invest ₹345 crore to expand its automotive electronics manufacturing plant in Pune. The expansion aims to scale production for global automakers in connected vehicle tech.
🗞️ Govt clears seven projects under electronics scheme
The Government of India approved seven projects under the Electronics Component Manufacturing Scheme to promote domestic innovation and reduce import dependence in key sectors.
🗞️ SEBI may ease compliance norms for high-value debt firms
SEBI is considering relaxing compliance requirements for high-value debt-listed entities to improve liquidity and market participation in India’s corporate bond ecosystem.
🗞️ Heritage Foods acquires 51% stake in Get-A-Way
Heritage Foods has acquired a 51% stake in Get-A-Way, a low-calorie ice cream brand, for ₹9 crore, strengthening its position in the premium dairy and dessert category.
📊 Market Update
📈 Sensex: 84,778.84 ▲ 566.96 pts (+0.67%)
📈 Nifty 50: 25,966.05 ▲ 170.90 pts (+0.66%)
💱 USD/INR: 87.87
🪙 Gold (per gram): 24K ₹12,327 ▼ ₹1 | 22K ₹11,299 ▼ ₹1
🥈 Silver (per kg): ₹1,54,900 ▼ ₹100