Savings Effect

Vedanta Vedanta’s four demerged businesses—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—are scheduled to debut on the stock exchanges on Monday, June 15.

ONGC State-owned oil and gas major Oil and Natural Gas Corporation (ONGC) announced on Friday, June 12, that its subsidiary, ONGC Petro additions Ltd, has approved a plan to raise up to ₹4,471 crore through a private placement of non-convertible debentures (NCDs).

Hindustan Petroleum Hindustan Petroleum Corporation Ltd. (HPCL) has set August 14, 2026, as the record date to determine shareholders eligible for its proposed final dividend of ₹19.25 per equity share for FY26, the company said on Friday.

Meesho The e-commerce company has announced the acquisition of Kirana Club Pte. Ltd and Retail Pulse Labs Private for a total consideration of ₹202.08 crore, aligning with its strategy to strengthen and broaden its footprint in India’s digital commerce landscape.

Power Grid State-run Power Grid Corporation of India announced on Friday that it has emerged as the successful bidder in a tariff-based competitive bidding (TBCB) process for the development of an inter-state transmission system project in Andhra Pradesh.

Nestle India The company has denied claims of infestation in MAGGI noodles, stating that it has not yet received the product sample from the complainant for examination, as the complainant’s account remains inaccessible.

JSW Energy The company has entered into a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire a 100% stake in Maruti Clean Coal and Power, the owner and operator of a 300 MW thermal power plant located in Chhattisgarh.

SpaceX surge further boosts Saudi billionaire prince’s fortune - Kingdom Holding's SpaceX stake now valued at $6.8 billion - Prince Alwaleed's net worth rises to $27 billion, a decade-high - SpaceX debut lifts Saudi, Gulf investors’ AI and tech stakes

Amazon to expand automation, robotics investments across India fulfilment centres Amazon said it will expand automation and robotics across its India operations while strengthening EV logistics and continuing long-term investments in the country.

South Korea’s world-beating stock market eyes its MSCI moment - Kospi jumps over 90%, tops global equity benchmarks - MSCI to review Korea's developed-market status on June 23 - Reclassification could attract $30 billion in foreign inflows

India is preparing to send vessels through the Strait of Hormuz to load up energy cargoes from suppliers in West Asia, according to people familiar with the matter, the first time since the Iran conflict began that the country will do so. It's unclear whether Iran or the US, which are separately blockading the strait and surrounding waters amid the war, have given India a green light to send ships through the waterway. Their agreement will be critical for the plan to work.

Despite currency-in-circulation growing to a massive ₹42.54 trillion, India is facing a severe ATM cash crunch with fulfilment rates dropping to 64% and 57% in March and April. This supply mismatch, hitting just ahead of demonetisation's tenth anniversary, leaves a multi-billion-crore gap between intended and available cash.

Elon Musk has become the world's first trillionaire, surpassing a $1.1 trillion net worth following SpaceX's historic and record-breaking $75 billion IPO that valued the company at $1.77 trillion. Most of Musk's wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday, according to Forbes and Reuters calculations based on company filings.

AFFLE 3I: CO ACQUIRES ADCOLONY ASSETS FROM DIGITAL TURBINE FOR USD 4.70 MILLION; TRANSACTION ENHANCES CONSUMER PLATFORM BUSINESS AND AUDIENCE INTELLIGENCE; COMPLETION EXPECTED IN 7 BUSINESS DAYS