JSW Energy reported a 17% year-on-year fall in consolidated net profit to Rs 705 crore for Q2, despite a 60% revenue surge to Rs 5,177 crore. EBITDA increased by 67% YoY to Rs 3,180 crore, driven by renewable capacity additions. The company affirmed its healthy balance sheet and credit ratings, with installed capacity at 13.2 GW.
China's second-ranked general, He Weidong, has been expelled from the Communist Party and the army following an investigation into corruption. Nine other senior military officers were also punished for discipline violations and duty-related crimes. This rare public disclosure highlights the ongoing anti-corruption campaign within the military.
Dixon Technologies posted a 72% YoY rise in Q2 net profit to Rs 670 crore on strong operational growth. Revenue increased 29% to Rs 14,855 crore, while EBITDA surged 152% year-on-year to Rs 1,057 crore.
Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday, as growth in its non-automotive business cushioned weakness in its key auto-focused segment
Donald Trump expressed optimism about an imminent expansion of the Abraham Accords, specifically hoping for Saudi Arabia's inclusion. He believes Saudi Arabia's participation would encourage other nations to join the pact that normalized relations between Israel and several Arab states. Trump indicated recent positive discussions with potential new signatories.
Donald Trump plans to meet President Vladimir Putin in Budapest soon. They will discuss a potential peace deal to end the war in Ukraine. Key issues include territorial control, NATO expansion, and security guarantees. Trade prospects and frozen Russian assets are also on the agenda. The meeting aims to explore pathways to peace.
Sovereign Gold Bond (SGB) 201718 Series III investors are set to receive a remarkable 338% return as its eight-year tenure concludes on October 16, 2025. The RBI has fixed the final redemption price at Rs 12,567 per gram, significantly higher than the initial Rs 2,866 per gram issue price.
