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Category: News

  • JSW Steel Share Price: Why Sajjan Jindal-Led Firm’s Stock Jumped Nearly 3% Today?

    JSW Steel Share Price: Why Sajjan Jindal-Led Firm’s Stock Jumped Nearly 3% Today?

    The shares of steel manufacturer JSW Steel led by Sajjan Jindal gained as much as 2. 68 per cent to Rs 979.75 after the Supreme Court ordered to maintain the status quo on the Bhushan Power and Steel Ltd.

    This marked the biggest intraday gain since May 12 this year.

    The counter has risen 14.5 per cent this year, compared to a 5.6 per cent advance in the benchmark Nifty50. JSW Steel has a total market capitalisation of Rs 2.5 trillion.

    JSW Steel’s resolution plan for Bhushan Power

    The Supreme Court on Monday directed that the status quo be maintained on Bhushan Power & Steel for now. The court issued the direction following a plea filed by JSW Steel, as it seeks a stay on liquidation proceedings for Bhushan Power.

    Earlier this month, India’s apex court set aside a resolution plan submitted by JSW Steel for BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).

    JSW had acquired BPSL through the corporate insolvency resolution process (CIRP) more than five years ago for nearly Rs 20,000 crore. and has since made substantial investments in the company.

    The review petition is significant for JSW Steel, not just from a legal standpoint but also due to the financial and strategic importance of BPSL to its domestic operations. 

    A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma had criticised the conduct of all key stakeholders in the resolution process, the resolution professional, the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT), for enabling what it dubbed as “flagrant violation” of the IBC and ordered the liquidation of BSPL under the IBC.

    The bench mentioned that the CoC was found to have approved JSW’s resolution plan without proper application of its commercial wisdom.

    As of 2:48pm on Monday, the shares of JSW Steel was trading 2.13 per cent higher at Rs 1,030. 

  • SBI Sets Stage for Historic Rs 25,000 QIP: What It Means For Investor

    SBI Sets Stage for Historic Rs 25,000 QIP: What It Means For Investor

    The State Bank of India (SBI) has set its stage for a historic qualified institutional placement (QIP) worth Rs 25,000-crore and it has seen very strong investor interest so far as it was subscribed three-times its offer size in less than a day.

    SBI QIP Worth Rs 25,000

    The PSU lender had launched the QIP in the second half of July 16 at a floor price of Rs 811.05 apiece, at a slight discount of the last traded price.

    These funds are supposed to help the public sector lender’s loan growth and strengthen the balance sheet further. This is also the first time ever since 2017 that SBI has tapped into the equity market to raise funds.

    The QIP has received bids for Rs 75,000 crore worth of shares as against its offer size of Rs 25,000 crore.

    The anchor investor for the QIP is the Life Insurance Corporation of India (LIC) and it led the race among domestic fund houses by bidding for shares worth Rs 7,000 crore.

    Quant Mutual Fund has followed, by bidding for shares worth Rs 3,000 crore. HDFC Pension Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund and Birla Mutual Fund also participated strongly.

    Among foreign institutional investors (FIIs), Nomura has bid for shares worth Rs 1,800 crore while Marshall Wace and Millennium bid for Rs 1,500 crore shares each.

    What Does This Mean For Investors?

    This is part of SBI’s broader plans to support loan growth, strengthen its balance sheet and meet regulatory requirements.

    The PSU bank has also shortlisted six investment banks to manage the transaction, including the Indian arms of Citigroup Inc. and HSBC Holdings Plc, as well as ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd., Bloomberg said in a report.

  • Jio Financial Q1 FY26 Results: Mukesh Ambani-Led NBFC Reports 3.8% YoY Rise In Net Profit

    Jio Financial Services Limited, the NBFC arm of Reliance Industries, led by Mukesh Ambani, announced its Q1 FY26 results, showing steady growth in profitability and a sharp jump in revenue.

    The company reported a net profit of Rs 324.66 crore, up 3.8% year-on-year, while revenue from operations surged nearly 47% to Rs 612.46 crore, driven by strong interest income and fair value gains.

    The company’s revenue from operations stood at Rs 612.46 crore in Q1 FY26, a significant 46.6% increase from Rs 417.82 crore in Q1 FY25. This growth was driven mainly by higher interest income and gains on fair value changes. Interest income rose to Rs 362.86 crore, up from Rs 161.74 crore a year ago, marking a sharp 124.3% year-on-year increase.

    The company also earned Rs 196.02 crore from fair value changes in Q1 FY26, compared to Rs 178.07 crore in the same period last year. Total income, including other income, rose to Rs 619.06 crore in Q1 FY26 from Rs 418.27 crore in Q1 FY25—an overall 47.9% increase.

    Total expenses rose to Rs 229.64 crore from Rs 168.79 crore in Q1 FY25, primarily due to higher finance costs and employee benefit expenses.

    Earnings per share (EPS), on a basic basis before exceptional items, were Rs 0.47 in Q1 FY26, slightly lower than Rs 0.49 in Q1 FY25.

    On the bottom line, total comprehensive income, which includes other comprehensive income (OCI), jumped to Rs 16,576.45 crore in Q1 FY26 from Rs 4,534.26 crore in Q1 FY25. This surge was largely due to gains in equity instruments valued through OCI, amounting to over Rs 11,212 crore.

  • OnePlus 13 Series to Arrive in India on January 7: What to Expect?

    OnePlus 13 Series to Arrive in India on January 7: What to Expect?

    OnePlus 13 Series launch: OnePlus is set to host its Winter Launch Event in India on January 7. At the event, the company will launch the OnePlus 13 series smartphones, which will include the OnePlus 13 5G and the OnePlus 13R 5G.

    While the company has already launched the OnePlus 13 5G in China, it is yet to launch the OnePlus Ace 5 or the OnePlus Ace 5 Pro, one of which is expected to arrive as the OnePlus 13R in India.

    Ahead of the January 7 launch event, here is everything to know about the OnePlus 13 Series smartphones:

    OnePlus 13 5G: What to expect?

    OnePlus has already confirmed a host of details about the OnePlus 13 5G ahead of its launch in India. For instance, we know that the phone will arrive in three colour variants — Midnight Ocean with vegan leather finish, Black Eclipse and Artic Dawn. The company has also revealed that the smartphone will be powered Qualcomm’s Snapdragon 8 Elite chipset that was launched at Qualcomm’s flagship event in Hawaii back in October this year.

    In addition to these features, the OnePlus 13 5G will come a big battery with a capacity of 6,000mAh and have IP69 and IP68 dust and water protection on the front and at the back. The company has also revealed that the upcoming smartphone will run Android 15-based OxygenOS 15 and come with a Clear Burst mode, which the company says will capture fast-motion images clearly.

    As mentioned before, the company has already launched the OnePlus 13 in China, which sports a 6.82-inch OLED display with a dynamic screen refresh rate of 120Hz and a 1440p resolution. It is powered by the Snapdragon 8 Lite that is coupled with up to 1TB of storage space and a 6,000mAh battery. On the camera front, the phone gets a 50MP triple camera setup at the back and a 32MP camera in the front.

    OnePlus is expected to bring the phone with same features to India and its global markets.

    On the pricing front, the OnePlus 13 5G is expected to be priced around Rs 60,000 in India.

    OnePlus 13R 5G: What to expect?

    Coming to the OnePlus 13R, the company has confirmed that this smartphone will come in Nebula Noir and Astral Trail colour variants. It has also confirmed that the phone will be powered by the Qualcomm Snapdragon 8 Gen 3 chipset, which is the same chip that powers the OnePlus 12 smartphone. It will also sport a 6,000mAh battery and run Android 15-based OxygenOS 15.

    As per reports, OnePlus is expected to bring the OnePlus Ace 5 as the OnePlus 13R in India. This smartphone is expected to get a 6.78-inch OLED display with a resolution of 1.5K. It is likely to get a 50MP + 8MP + 2MP camera setup at the back. It is also likely to come with an in-display fingerprint sensor.

    As far as the pricing is concerned, the OnePlus 13R is expected to be priced around Rs 40,000.

  • Apple’s Zero-Bezel iPhone is Not Arriving in 2026: Report

    Apple’s Zero-Bezel iPhone is Not Arriving in 2026: Report

    Apple has been trying to reduce the bezels in its iPhone models for long time. Reports in the past have hinted towards the company introducing a bezel-less iPhone or a zero-bezel iPhone in 2026. But a new report hints towards this timeline getting pushed ahead. This means that the iPhone 18 is unlikely to come with a zero-bezel design as reports have hinted to in the past.

    According to a report by Korean Publication the Elec, Apple is working on developing a zero-bezel iPhone that maintains the design language of the existing iPhone models, which includes a flat display with angular sides, while extending the screen over to the edges. This design is similar to the Apple Watch design, and it is known for its pebble-like aesthetics.

    This requirement makes it necessary for suppliers of iPhone’s displays, LG and Samsung, to adopt two technologies — Thin Film Encapsulation (TFE) and Optical Clear Adhesive (OCA). TFE, as per the report, protects the display from environmental damage, while the OCA is used bonding transparent adhesive films around curved edges. In addition to implementing these two technologies, Apple’s display suppliers also need to ensure that there is ample space for other components such as the antenna.

    The report also says that the adoption of the OCA technology has been difficult as the two companies have not been able to resolve the lateral vision distortion issue. The companies also need to make the display more durable especially when the display overflows to the side of the iPhone.  

    Company insiders told the publication that in order to mass produce the zero-bezel displays in 2026, final details with the manufacturers should have been finalised by now. However, the companies are still discussing the details, which indicates that Apple is unlikely to introduce a zero-bezel iPhone in 2026.

    Separately, reports suggest that the company could launch its first foldable display iPhone in the second half of 2026 and that Apple’s entry in this market segment is likely to drive sales at a time when the foldables market is witnessing a slowdown.  

  • OnePlus Ace 5 Makes a Debut, Likely to Arrive in India as OnePlus 13R

    OnePlus Ace 5 Makes a Debut, Likely to Arrive in India as OnePlus 13R

    OnePlus today debuted the OnePlus Ace 5 Series smartphones. The OnePlus Ace 5 series includes two models — the OnePlus Ace 5 Pro and the OnePlus Ace 5, which is expected to arrive in India as the OnePlus 13R next month.

    For the unversed, OnePlus will be hosting a special event in India on January 7 wherein the company will launch the OnePlus 13 series smartphones, which will include the more premium OnePlus 13 5G and the OnePlus 13R 5G smartphones.

    Both these smartphones will come with a 6,000mAh battery and run Android 15-based OxygenOS 15 update. While the OnePlus 13 will be powered by Qualcomm Snapdragon 8 Elite chipset, the OnePlus 13R will be powered by the Snapdragon 8 Gen 3 chip that was available in the OnePlus 12 smartphone.

    Ahead of OnePlus’ Winter Launch Event, here is everything we know about the OnePlus Ace 5 smartphone, which is expected to arrive in India as the OnePlus 13R:

    OnePlus Ace 5 features

    The OnePlus Ace 5 comes with a 6.78-inch AMOLED display with a dynamic screen refresh rate of up to 120Hz and a peak brightness of up to 4,500 nits. It also comes with an in-display fingerprint sensor. It is powered by the Snapdragon 8 Gen 3 chipset with up to 16GB of LPDDR5X RAM and up to 1TB of UFS 4.0 storage.

    The OnePlus Ace 5 has a triple rear camera setup, which includes a 50MP lens with Sony IMX 906 sensor, an 8MP ultra-wide-angle lens with Sony IMX 355 sensor and a 2MP macro lens. On the front, it has a 16MP lens with Sony IMX 480 sensor. It is backed by a 6,415mAh battery with 80W SuperVOOC fast charging support.

    OnePlus Ace 5 Pro features

    OnePlus also introduced the OnePlus Ace 5 Pro smartphone. This smartphone has the same display and camera system as the OnePlus Ace 5, but it differs in terms of the processor and battery backup.

    The OnePlus Ace 5 Pro is powered by the Qualcomm Snapdragon 8 Elite chipset and it is backed by a 6,100mAh battery with 100W SuperVOOC fast charging support.