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Vedanta Ltd has gained approvals from BSE and NSE for its planned demerger into six separate listed companies, including oil and gas and aluminium. This step follows a nod from 75% of secured creditors, aiming to streamline corporate structure and attract global investors. Further statutory and regulatory approvals are awaited.

The IPO consists of an offer for sale (OFS) of up to 2.56 crore shares with a face value of Re 1 per share. Under the OFS, AceVector Ltd and SB Investment Holdings (UK) will offload their part stakes. The company has announced that the price band and the minimum bid lot will be decided in consultation with the book-running lead managers and will be intimated in due course.

Fino payments bank reported a total profit of Rs. 24.3 crores in the first quarter of this fiscal, up 30% from the last year, while the overall throughput grew 39% on year to Rs. 1,05,610 crores.

Nuvoco Vistas Corp, a leading producer of cement in east India, saw its consolidated net profit slump by more than 80% on year to 2.84 crore rupees in the June quarter, weighed down by lower volumes and weaker prices during the quarter.

Sometimes shares are bought to close an existing short position. This signals a shift from extreme bearishness to bullishness.

Indian equity indices reached record highs on Wednesday, driven by Bharti Airtel, ITC, and metal stocks. The Sensex rose 0.35% to 81,741, and the Nifty50 ended above 24,950, with potential for further gains.

The high returns from Initial Public Offerings (IPOs) of Small and Medium Enterprises (SMEs) in recent years, coupled with government support for the sector, have encouraged Alternative Investment Funds (AIFs) to explore this growth potential. AIF is a fund established or incorporated in India which is a privately pooled investment vehicle.

Indian markets ended higher for the fourth consecutive day, buoyed by positive global signals. Sector-wise, there was buying interest in healthcare, metal, power, and utilities, while energy and real estate stocks experienced selling pressure.

The profit figure is is lower than the Street estimates of Rs 994 crore. Revenue from operations during the reporting quarter declined 8% year-on-year to Rs 54,771 crore, compared with Rs 59,490 crore in the corresponding quarter of last year.

Gold prices in India plummeted to ₹67,400 per 10 grams, the lowest since March, due to a combination of reduced import duties and worries about Chinese demand. The government has slashed customs duties on gold and silver by 6%. The basic customs duty has been reduced to 5% from 10%, and the Agriculture Infrastructure and Development Cess lowered to 1% from 5%.