Media Merger Approved: Reliance Industries and TV18 receive CCI nod for $8.5B merger with Disney’s Indian assets.
Tech Sector Optimism: HCLTech projects double-digit growth, citing favorable demand.
Dividend Considerations: Vedanta to discuss third interim dividend for FY25 on September 2.
Stake Sales:
- Tencent Cloud to divest 2.1% in PolicyBazaar
- Welspun Living promoter plans 4.6% stake sale
Expansion Moves:
- NLC India signs 25-year power agreement with Telangana
- Lemon Tree Hotels adds 72-room property in Ujjain
- NALCO’s JV signs MoU with Oil India for mineral exploration
- KEC International secures ₹1,171 crore orders in Middle East
- Aptus Value Housing Finance to add 20 branches in FY25
Financial Services:
- Paytm gets approval for investment in payments services arm
- AU Small Finance Bank to apply for universal banking license
Challenges:
- IndiGo co-founder to sell up to 5.8% stake
- SBI Cards reports 6% YoY decline in average ticket size
- RR Kabel halts Waghodia plant operations due to rainfall
Investors should monitor these developments as market conditions evolve.
