Vedanta is projected to experience a sequential decrease in profitability for the April-June quarter of FY26, primarily due to declining commodity prices in its aluminium and zinc segments. Brokerages anticipate a 12-14% quarter-on-quarter drop in EBITDA, although cost reductions may partially mitigate the impact.

Sridhar Sivaram from Enam Holdings suggests that consumer down-trading impacts brand loyalty, driven by shrinking disposable incomes rather than a shrinking middle class. He anticipates potential shifts in market leadership from financials to sectors like pharma, particularly CDMO, and new-age tech.

Tata Motors stock experienced a decline following reports of a possible acquisition of Iveco. The deal, valued at ₹3.9 billion, may require external funding for the Indian automaker. Analysts anticipate pressure on Tata Motors balance sheet due to rising global tariff uncertainties. Iveco s revenue declined in FY24, but expects stable growth in 2025.

Anant Ambani is now the executive director at Reliance Industries. Reliance Industries shareholders gave their approval. The RIL board appointed Mukesh Ambani s youngest son on April 25. Anant will serve for five years, starting May 1. He has been on the boards of Jio Platforms and Reliance Foundation. He also serves on Reliance New Energy and Reliance New Solar Energy.

India s out-of-pocket health expenses are among the highest in major economies. Though it decreased from 2014 to 2024, it remains significant. China saw a smaller decrease in the same period. Emerging Asia s health protection gap has widened. Rising medical costs and coverage gaps are key issues. Many Indian families struggle to afford healthcare.

Former IndusInd Bank CEO Sumant Kathpalia has proposed a ₹5.21 crore settlement to SEBI regarding insider trading allegations. SEBI had barred Kathpalia and other executives for trading on unpublished price-sensitive information related to accounting discrepancies. Kathpalia s settlement application includes a pledge of confidentiality, while SEBI impounded ₹19.8 crore from the involved individuals.

US equity futures climbed following strong earnings from tech giants like Microsoft and Meta, despite a volatile Wall Street session. The dollar stabilized after the Federal Reserve held interest rates steady. Asian markets showed mixed performance, with South Korean equities fluctuating after a US trade deal. Investors are now focused on the Bank of Japan s rate decision.

Indian markets experienced marginal gains on Wednesday, influenced by mixed signals. Several companies are in the spotlight due to Q1 results, including HUL, Swiggy, Sun Pharma, and Maruti Suzuki. Tata Steel and M&M reported significant profit growth, while IndiGo s net profit declined.

Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets.

Jio Financial Services will raise ₹15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial s board approved the issuance of warrants at Rs 316.50 apiece.