Category: Corporate

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Corporate

Sensex jumps 250 points, Nifty crosses 25,900

The stock markets started o thursday on a positive note, bringing some relief to investors after recent weak sessions. The Sensex climbed more than 250 points, while the Nifty 50 comfortably moved above the 25,900 level, showing fresh buying interest across several sectors.

Market participants were seen picking up metal and chemical stocks, helped by rising global commodity prices. Hindustan Zinc stood out as a strong performer, supported by higher silver prices in international markets. Stocks like Tata Steel and JSW Steel also traded higher, adding strength to the broader market mood.

Banking and auto stocks joined the rally, with buyers returning to frontline names. Mid-cap and small-cap stocks also saw decent participation, reflecting improving confidence among retail investors.

However, not all stocks moved up. Consumer goods shares showed some pressure, with ITC and Hindustan Unilever (HUL) slipping in early trade as investors stayed cautious around defensive stocks.

Experts said the positive opening came as global markets showed some stability and investors looked ahead to key global central bank decisions. While the mood has improved, caution still remains due to global interest rate concerns and geopolitical uncertainties.

For now, the market seems to be in a recovery mode, with investors slowly returning to quality stocks, hoping for stability and clearer global direction in the coming sessions.

Also Read: Sensex tumbles 436 points, Nifty slips below 25,850

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Corporate

PhysicsWallah Q2 profit jumps 70%, shares rise 5%

PhysicsWallah, the Indian edtech platform, reported a sharp increase in its quarterly results for Q2 FY26, with net profit rising by nearly 70% to ₹69.71 crore from ₹41.10 crore in the same quarter last year. The strong performance comes as the company continues to expand both online and offline learning offerings.

Revenue for the quarter rose 26.3% to ₹1,051.2 crore, up from ₹832.2 crore in Q2 FY25. The company’s EBITDA margin improved to 26% from 23% a year ago, reflecting operational efficiencies and better cost management.

PhysicsWallah’s paid user base also grew significantly. The number of unique paid users increased from 2.99 million to 3.62 million during the first half of FY26. Of these, 3.22 million enrolled online while 0.40 million joined offline centres. The company now operates 314 offline centres across India, strengthening its hybrid learning model.

Investors reacted positively to the quarterly results, with the company’s shares rising 5% intraday to a high of ₹145.70, signalling confidence in the firm’s growth trajectory post-IPO.

“The first quarterly results after our IPO reflect disciplined execution and strong market response,” said a company spokesperson. “We remain focused on scaling our offerings and diversifying into new segments to ensure sustainable long-term growth.”

PhysicsWallah is increasingly moving beyond its traditional test-prep courses for exams such as JEE and NEET, exploring additional categories to broaden its revenue base. The company expects to turn full-year profit in FY27 as new online segments mature and offline centres stabilise.

With strong revenue growth, expanding user base, and robust cash flow, PhysicsWallah is positioning itself as a leading hybrid education provider in India. Market analysts noted that while the current quarter’s performance is encouraging, execution will be key as the company scales further.

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Corporate

Sensex tumbles 436 points, Nifty slips below 25,850

The equity markets fell sharply on Tuesday, with the BSE Sensex losing 436 points to close at 84,666, while the Nifty 50 dropped 120 points to end at 25,839. Investor caution ahead of the U.S. Federal Reserve’s policy decision, foreign fund outflows, and a weakening rupee weighed on sentiment.

Among the top losers, Asian Paints Ltd. slumped nearly 4.5%, Tech Mahindra Ltd. fell about 1.8%, and InterGlobe Aviation Ltd. dropped 1.8%. Information technology and auto stocks led the broader decline.

On the upside, buying interest was seen in public-sector banks and select realty and consumer-durables stocks. Titan Company Ltd. rallied 2.4%, Adani Enterprises Ltd. rose 1.5%, and Shriram Finance Ltd. gained 1.3%.

Traders also cited volatility ahead of the Nifty futures expiry as a factor behind cautious trading. Analysts expect markets to remain range-bound until clarity emerges on global cues, currency trends, and domestic fund flows.

In corporate news, the ICICI Prudential Asset Management Company IPO is set to open on December 12, with a price band of ₹2,061–₹2,165, which may attract investor attention in the coming sessions.

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Corporate

Paramount’s $108 billion bid sparks WBD takeover battle

In a step that has taken Hollywood by surprise, Paramount Global has launched a bold $108.4 billion hostile takeover bid for Warner Bros. Discovery (WBD), turning an already tense media landscape into a high-stakes corporate drama.

Paramount has offered $30 per share in all cash directly to WBD shareholders, bypassing the company’s management. This aggressive move comes just days after WBD agreed to a proposed merger with Netflix, a deal valued at around $83 billion. Paramount says its offer is “clearly superior” because it delivers higher value and guarantees immediate cash for investors.

For shareholders, the pitch is simple: more money, less uncertainty. Paramount argues that its proposal avoids the risks linked to stock-based mergers and complicated restructuring plans, while keeping WBD’s entire business, movies, TV studios, cable networks and international channels, under one roof.

The bid has intensified the power struggle among global media giants, who are fighting to survive and dominate in a world rapidly shifting from traditional television to streaming. With audience habits changing and competition increasing, companies are looking for size, scale and strong content libraries to stay relevant.

However, the road ahead could be difficult. Such a large merger is likely to attract serious regulatory and antitrust scrutiny, especially in the US, where authorities closely watch media consolidation. Critics warn that combining two major studios could reduce competition and limit consumer choice.

WBD has confirmed it has received Paramount’s offer and is reviewing it. For now, the company continues to back its existing agreement with Netflix. The final outcome will depend on shareholders, regulators and how intense this bidding battle becomes in the coming weeks.

Also Read: Mahindra & Mahindra shares rise on 18% production jump

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Corporate

IIT Dhanbad hosts Adani’s USD 75 billion clean energy vision

At the 100th anniversary of IIT (ISM) Dhanbad on December 9, Gautam Adani, chairman of the Adani Group, laid out a bold vision for India’s clean-energy future. He announced that his group plans to invest over USD 75 billion in the next five years to accelerate the country’s energy transition, making India a global leader in renewable power.

Adani revealed that the first 10 gigawatts of renewable energy under this programme have already been commissioned. He outlined plans to build the world’s largest renewable energy park at Khavda, Gujarat, covering 520 square kilometres. Once fully operational by 2030, the park is expected to generate 30 GW of green energy, enough to power over 60 million Indian homes annually.

He described this as a push for “the world’s lowest-cost green electron,” aiming to set a global benchmark in energy transition. Adani urged students and young engineers to recognize the historic opportunity: as industries worldwide move toward decarbonisation, sectors like steel, hydrogen, manufacturing, and digital infrastructure will increasingly rely on clean energy.

Beyond energy, Adani announced two major initiatives for IIT Dhanbad students. The Adani Annual Internship Programme will provide 50 paid internships every year to third-year students, with at least 25% likely to receive pre-placement offers. This gives students a direct pathway into one of India’s largest business groups.

In addition, the Adani 3S Mining Excellence Centre, in collaboration with TEXMiN, will offer a hi-tech ecosystem for research and training in responsible mining. Students will gain hands-on experience with drones, seismic sensing, metaverse labs, and precision blasting technologies, bridging classroom learning with real-world applications.

Adani concluded by urging students to understand the “language of the earth,” use natural resources wisely, and contribute to India’s rise through innovation and sustainable energy. With these initiatives, IIT Dhanbad students will be at the forefront of India’s green revolution while gaining valuable industry experience.

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Corporate

Cochin Shipyard gets electric tug order from Denmark’s Svitzer

Cochin Shipyard Ltd has secured an international contract to build four battery-electric tugboats for Denmark-based maritime services company Svitzer, marking a major milestone for India’s shipbuilding industry.

The electric tugboats will be constructed at Cochin Shipyard’s Kochi facility and are designed to support port operations by assisting large ships during docking and undocking. Unlike conventional diesel-powered vessels, these tugs will run fully on battery power, helping reduce carbon emissions, fuel consumption, and noise pollution in busy harbour areas.

This is one of the first major export orders for electric tugboats from India, highlighting the country’s growing expertise in building advanced and environmentally friendly vessels. The order strengthens Cochin Shipyard’s position as a key player in the global maritime manufacturing space.

The project also includes an option for Svitzer to place additional orders for more tugboats in the future, depending on operational requirements. Once completed, the vessels are expected to be deployed at international ports where Svitzer operates, supporting cleaner and more efficient port services.

Industry experts say the deal reflects increasing global trust in India’s engineering quality and production capabilities. It also aligns with India’s broader push to promote sustainable manufacturing and green technologies to modernise the maritime sector.

The contract is expected to create job opportunities and enhance skill development at the Kochi shipyard, while also supporting local suppliers and ancillary industries. With this order, Cochin Shipyard continues to expand its global footprint and strengthens India’s reputation as a reliable destination for high-tech shipbuilding and export-driven manufacturing.

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Corporate

IndiGo shares fall 7%, government reallocates slots

Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 7% on Monday, marking a seventh consecutive session of losses as investors reacted to ongoing operational turmoil and government intervention. The sell-off has wiped out over ₹30,000 crore in market capitalization, highlighting investor concerns over the airline’s ability to manage its operations and regulatory compliance.

The government has directed IndiGo to reduce about 5% of its daily flights, around 110 flights. amid widespread cancellations and delays. These freed slots are set to be reassigned to other carriers to ease passenger inconvenience during the busy winter season. Between December 1 and 8, IndiGo canceled more than 7.3 lakh bookings, issuing refunds totaling nearly ₹745 crore.

Civil Aviation Minister K Ram Mohan Naidu confirmed the curtailment, noting that the measure aims to prevent over-reliance on a single airline, which currently operates about 2,200 flights daily. The Directorate General of Civil Aviation (DGCA) has warned that further cuts may follow if operations remain inconsistent, and top executives, including the CEO and COO, may be summoned to explain operational lapses.

Analysts say the combination of operational disruptions, regulatory scrutiny, and potential penalties has significantly undermined investor confidence. Brokerages have revised price targets downward, while some caution that further volatility is likely until IndiGo stabilizes operations and restores passenger trust. Despite its dominant market share, the airline’s stock performance underscores the risks of operational and regulatory shocks in India’s aviation sector.

Also Read: Rupee slips, hovers around ₹90 against US dollar

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Sensex falls 500 points, Nifty below 26,000

The Indian stock market opened lower on Tuesday as investor sentiment remained weak after the sharp sell-off in the previous session. The BSE Sensex started the day down by around 500 points, while the NSE Nifty slipped below the 26,000 mark in early trade.

Markets opened on a cautious note and remained volatile in the first hour. Mid-cap and small-cap stocks also came under pressure, showing that investors were in a risk-off mood. Global uncertainty, weak cues from overseas markets and concerns over interest rate decisions in the US added to the nervousness.

A few stocks managed to move higher despite the weak market. IT and FMCG stocks showed resilience as investors shifted money to defensive sectors. Shares of TCS, Infosys, HUL and Nestlé India were among the early gainers. Select pharma stocks also saw buying interest.

Heavy selling was seen in banking, metal and infrastructure stocks. HDFC Bank, ICICI Bank, State Bank of India, Tata Steel and JSW Steel were among the major losers in early trade. Realty and PSU stocks were also under pressure.

Most sectoral indices were trading in the red, with banks, metals, realty and auto stocks leading the losses. IT stocks were the only sector showing relative strength.

Market experts said today’s weak opening reflects ongoing global worries and foreign investor selling. A weak rupee and rising bond yields internationally also kept investors cautious.

Analysts advised investors to stay calm during this volatile phase and avoid panic buying or selling. They said market movements in the near term will depend largely on global developments and foreign investment flows.

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ICICI Securities sees 21% upside in ITC Hotels shares

ICICI Securities, a leading brokerage firm, has recommended buying ITC Hotels shares. They have set a target price of ₹250 per share, suggesting the stock could rise about 21% from current levels. The main reasons are ITC Hotels’ good cash reserves, plans to open more hotels, and a growing number of managed properties.

Currently, ITC Hotels runs over 145 hotels with 13,600+ rooms across India. The company uses an asset-light model, meaning it focuses on managing or franchising hotels instead of owning all the properties. This helps them expand faster and use money efficiently. By 2030, ITC aims to have 220 hotels with more than 20,000 rooms, with managed hotels making up two-thirds of their properties.

The company already has 59 managed hotels in the pipeline, adding around 5,500 rooms, and is starting three new projects in Puri, Bhubaneswar, and Visakhapatnam, adding another 400+ rooms.

ICICI Securities expects ITC Hotels’ revenue to grow about 12% per year, and profits before tax and interest (EBITDA) to rise around 15% yearly until 2028. Margins are expected to improve from 34% to 37%. The company has net cash of around ₹1,700 crore, which gives it the flexibility to open new hotels and upgrade existing ones. Income from management fees is also expected to grow by 17% per year.

There are some risks. If hotel occupancy or room prices do not increase as expected, or if new hotels are delayed, growth could slow down.

Still, ICICI Securities believes ITC Hotels is a good investment, thanks to its strong balance sheet, smart expansion strategy, and efficient business model. The company is seen as one of India’s promising hotel chains with clear growth plans for the future.

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Sensex slides 610 Points, Nifty falls below 26,000

Indian stock markets closed lower on Monday, with the Sensex dropping 610 points to 54,320 and the Nifty 50 falling 225 points to 25,960. Investors appeared cautious ahead of a busy week packed with upcoming IPOs, while global cues remained mixed.

Most sectors reflected broad weakness, with auto, banking, financial services, FMCG, metals, pharma, PSU banks, realty, private banks, healthcare, consumer durables, oil & gas, mid- and small-cap, and chemicals showing softness. Only select pockets like IT and media demonstrated mild resilience, hinting at selective optimism amid overall market hesitation.

Among individual stocks, Bharat Electronics (BEL) led the losses with a 5% drop, followed by Eternal Industries, which fell 2%. On the upside, Kesoram Industries surged nearly 20% after a block deal exit by the Birla family. Other gainers included some IT and media names that managed to stay afloat despite the overall weak trend.

The Indian rupee closed marginally lower at 90.07 against the US dollar, weakening 0.1% from the previous session. Global markets saw mixed movements, with S&P 500 futures rising 0.2% and Nasdaq futures up 0.3%, while Hong Kong’s Hang Seng fell 1%. Asian indices like Japan’s Topix and Shanghai Composite recorded modest gains.

Market participants cited cautious sentiment ahead of key economic data and corporate earnings announcements this week. Analysts suggested that while select sectors may offer short-term opportunities, investors should remain watchful given the broader global and domestic uncertainties.

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