India's JSW Plans $468 Million Debt Sale to Fund Akzo Deal
Foreign banks including Barclays Plc, Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank Plc will arrange the debt, which is expected to be denominated in rupees, said the people, who asked not to be identified because the information is confidential.
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Business Upturn
3 hours ago
- Business Upturn
Top stocks to watch today, August 13: Paytm, ONGC, NHPC, Cochin Shipyard, Cochin Shipyard and more
Several companies are in focus today as they announced their quarterly earnings and significant corporate developments. Here is a summary of key performance highlights and business updates from leading stocks: ONGC: Q1 profit up 24% QoQ, better than estimates Apollo Hospitals: Q1 beats estimates, double-digit growth in all three verticals NMDC: Q1 above estimates, realizations up 7% QoQ JSPL: Q1 above estimates, India business EBITDA per ton up 17% YoY NHPC: EBITDA up 12%, revenue up 19% YoY Nykaa: EBITDA up 46%, beauty segment revenue up 24% YoY Paytm: Withdrawal of earlier merchant onboarding restrictions Bharat Dynamics: Revenue up 30%, EBITDA loss contracts Cochin Shipyard: EBITDA up 28%, revenue up 38% YoY Honasa Consumer: Q1 above estimates, volume growth 10.5% YoY NMDC Steel: Turns profitable for the first time, revenue up 66% YoY VA Tech: EBITDA up 17.4%, net profit up 19% YoY Suzlon: EBITDA up 62%, margin improved to 19% from 18% YoY RCF: EBITDA up 36%, margin at 4.7% vs 2.6% YoY Landmark Cars: EBITDA up 25%, revenue up 28% YoY Shakti Pumps: Bags order worth ₹1,037 crore for 34,720 off-grid solar pumps Senco Gold: EBITDA up 69%, margin at 10% vs 8% YoY Nazara Tech: EBITDA up 90% YoY, approves 1:1 bonus issue and 1:2 stock split Thermax: Exclusive India license pact with HydrogenPro for green hydrogen electrolyzers Senores: Acquires 2 ANDAs from Teva Pharma, $120 million addressable opportunity Chalet Hotels: Acquires 18,848 sqm land in Uttarakhand for ₹60 crore Lloyds Metals: EBITDA up 11%, margin at 33.34% vs 29.74% YoY PI Industries: EBITDA down 11%, margin slips 88 bps YoY NSDL: Revenue down 14% QoQ, banking business revenue down 26% QoQ Oil India: EBITDA down 19%, margin at 32% vs 36% QoQ Waaree Energies: US initiates anti-dumping and countervailing duty probe on Indian solar cells Jupiter Wagons: EBITDA down 56%, margin at 13% vs 15.5% YoY Allcargo Logistics: Reports net loss vs profit, revenue flat YoY Aavas Financiers: Credit cost at 0.24% vs 0.17% QoQ, NIM down 63 bps QoQ Karnataka Bank: Net interest income down 16%, gross NPA at 3.46% vs 3.08% QoQ Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Cochin ShipyardNHPCONGCPaytm Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
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Magic Moments maker ties up with Bollywood star Shah Rukh Khan to launch premium tequila
By Chandini Monnappa and Hritam Mukherjee (Reuters) -Radico Khaitan, the maker of "Magic Moments" vodka, will invest up to $4.56 million and team up with Bollywood actor Shah Rukh Khan and Zerodha co-founder Nikhil Kamath to launch a premium tequila brand, marking its foray into the category. The Indian liquor maker, known for premium offerings such as Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, will roll out the brand D'YAVOL Añejo — a premium spirit made from agave and aged about two years in wine casks. D'YAVOL, a luxury brand founded in 2022 by Shah Rukh Khan's son Aryan Khan, along with Leti Blagoeva and Bunty Singh, is headquartered in Amsterdam and offers vodka, blended malt Scotch whisky and premium streetwear. D'YAVOL Añejo is set to launch by December and depending on state excise duty, will be priced between 20,000 rupees ($228.21) and 30,000 rupees, Radico Khaitan Managing Director Abhishek Khaitan told Reuters on Tuesday. The launch comes as affluent Indians increasingly splurge on everything from luxury dining to premium alcohol, housing and cars. Alcohol sales in the country, according to data from analytics firm Crisil, are projected to grow as much as 10% to $61.35 billion in fiscal 2026. Tequila is one of the fastest growing segments globally and India is catching on very fast. The market size in the country is about 300,000 cases, out of which 15% is the Añejo (Spanish word meaning 'aged') category, Khaitan said. "We believe that in the next five years, tequila can reach a volume of about a million cases in India plus global market, so I think it was a great opportunity," he said. Under the partnership, Radico Khaitan and Shah Rukh Khan's family will each hold a 47.5% stake in the venture, while Kamath will own 5%. The deal also underscores the fierce competition in mass and premium liquor segments. Just three weeks ago, peer Tilaknagar Industries bought the "Imperial Blue" whisky brand from Pernod Ricard for $486 million. ($1 = 87.6370 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Indian rupee ends flat as market awaits key inflation data in US and India
By Ashwin Manikandan MUMBAI (Reuters) - The Indian rupee was largely unchanged on Tuesday with traders in "wait and watch" mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on the interest rate trajectories in the two economies. The local currency unit closed marginally 0.06% higher at 87.7125 against Monday's close of 87.6600. India's consumer price index (CPI) data for July is expected to show inflation at its slowest pace in at least eight years. The U.S. July data, due after the release of India's report, is expected to show that core inflation rose at the pace of 0.3%. The recent weaker-than-expected U.S. jobs report has bolstered bets that the Federal Reserve will cut rates next month, with investors pricing in a 90% chance of a rate cut in September. However, U.S. President Donald Trump's tariffs have added uncertainty to the inflation outlook, complicating the Fed's policy path, which makes the inflation data on Tuesday crucial for clues about the interest rate trajectory in the world's largest economy. "Traders are avoiding any unwarranted bets ahead of the inflation data releases," said Dilip Parmar, forex analyst at HDFC Securities. Trump's scheduled meeting with Russian President Vladimir Putin on Friday has also prompted the market to be cautious, with traders avoiding any reckless bets owing to the global geopolitical uncertainties, Parmar added. Most Asian currencies, too, stayed flat against a steady dollar. The U.S. dollar index was marginally higher at 98.54 at 1035 GMT. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
