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Ather Energy shares will be in focus on Tuesday, August 4, after the firm reported a sharp improvement in June quarter earnings. Revenue surged 89% to ₹1,217 crore as losses narrowed. Analysts remain bullish, with Nomura calling the company its preferred pick in the two-wheeler EV space for future growth.
Snap beat second-quarter revenue estimates on Monday as ad spending during the World Cup helped shares surge 13%. Revenue jumped 19% to $1.60 billion. CEO Evan Spiegel said, "We saw better momentum with large advertisers in North America." Daily active users grew 5% to 493 million by June 30.
Onsemi forecast third-quarter revenue between $1.65 billion and $1.75 billion on Monday, beating market estimates. The firm expects AI data center revenue to more than double by 2026. CEO Hassane El-Khoury said, "AI data center remains our fastest-growing business." Despite this, company shares fell 1.5% after the news got out.
Meesho saw a large block deal on Tuesday, August 4, where 10.48 crore shares changed hands. This transaction, worth ₹1,949 crore, involved 2.27% of the company's equity. While the buyers and sellers remain unknown, the average price was ₹186 per share. The e-commerce platform recently reported a lower net loss.
Essar Group plans to invest $5.8 billion in its UK Stanlow refinery to build an energy transition hub for low-carbon hydrogen. The company is nearing a final investment decision on projects worth over £1 billion. They already boosted processing capacity and built a hydrogen-ready furnace to support these new operations.
CenturyPly plans to invest Rs 2,500-2,700 crore over five years to double its revenue to Rs 12,000 crore by 2031. The firm will expand capacity in Odisha, Uttar Pradesh, and Punjab. Executive director Keshav Bhajanka said, "To achieve Rs 12,000 crore, we need another Rs 4,000 crore of revenue."
Jupiter Wagons Ltd partnered with Italy’s Lucchini RS Holding S.p.A. and SIMEST S.p.A. to boost its railway wheelset business. The Italian firms bought a 25 per cent stake in Jupiter Tatravagonka Railwheel Factory for about €28 million. Lucchini will provide technology and expertise to help expand production in India and abroad.
Blackstone officials met with Bengal bureaucrats and industrialists in Calcutta to explore fresh investment opportunities. The team, led by Gautam Banerjee, discussed potential projects in real estate, healthcare, and hospitality. Subrata Gupta said, "He interacted with a cross-section of very successful business people from the state," regarding the visit.
Ratna Bhushan discusses the impact of FSSAI and Maharashtra FDA crackdowns on India's food industry in a new podcast. Anjan Chatterjee said, "license suspension should be a last resort, not a first response." Experts now debate if the industry can clean up fast enough without these strict actions becoming counterproductive.
Alpha Alternatives bought four operational road assets worth Rs 7,500 crore from Ap Co Infratech, KCC Buildcon, and Welspun Group. The fund now has 25 road projects across nine states and one Union Territory. Jignesh Shah said, "These assets will create long-term value for our stakeholders," due to their residual concession life.
Paul Wilson said Indian markets will struggle if earnings do not come through. While valuations are lower than two years ago, earnings disappointed by 9%. Wilson noted that higher US Treasury yields make emerging markets like India more challenging. He currently sees financials and specific IT companies as favorable investment areas.
Malaysian billionaire Lim Kok Thay broke ground on a $5.5 billion expansion at Resorts World New York City on Wednesday. The project adds hotels, an arena, and more gaming space to the Queens property. Lim said, "We are already moving towards a day when the city will have an integrated resort."