Realty firm Signature Global is targeting to deliver 16 million square feet area to its customers by March 2026, helping the company recognize around Rs 10,000 crore revenue in the books of accounts.

Signature Global is one of the leading real estate companies in the country. It has a significant presence in Gurugram.

Signature Global Chairman Pradeep Aggarwal stated that the company has projected revenue recognition of Rs 3,800 crore for the current fiscal year.

He mentioned that the company has already recorded revenue of Rs 1,200 crore in the first half of this fiscal and expressed confidence in comfortably achieving the Rs 3,800 crore target.

“We are targeting to deliver around 16 million square feet area to customers by end of the next 2025-26 fiscal,” he said, adding the company is investing a lot on construction activities.

These 16 million square feet area covers 25 real estate projects, mostly housing.

Aggarwal said the completion of this area would help the company recognise around Rs 10,000 crore worth revenue in the financial statement.

Out of this, he said the Rs 3,800 crore would be recognised this fiscal and the remaining in the next financial year.

Aggarwal said the company is focusing both on launch of new projects as well as the completion of the ongoing projects.

It also keeps evaluating proposals to acquire land parcels in Delhi-NCR on outright basis and also joint development agreements.

Outlining the business plan, Aggarwal said the company will launch multiple housing projects worth Rs 50,000 crore in Delhi-NCR over the next three years as part of its expansion plan amid strong consumer demand.

Signature Global, which is listed on stock exchanges, sold Rs 7,270 crore worth properties last fiscal and is targeting to sell Rs 10,000 crore this fiscal.

Aggarwal noted that housing demand continues to be strong in Gurugram and the company would keep expanding its presence by launching more projects and acquiring new land parcels.

“We have a strong launch pipeline. We are targeting to launch projects worth Rs 50,000 crore over the next three years,” he said.

The company already has land parcels in Gurugram and adjoining areas to launch projects.

“We gave guidance to launch Rs 16,000 crore worth projects during the current fiscal year. We achieved Rs 9,000 crore launch in the first half of this fiscal and around Rs 5,000 crore worth properties have been launched in the current quarter,” Aggarwal said.

He said the launch guidance would be achieved easily.

On pre-sales guidance, Aggarwal said, “We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal.” He highlighted that the company has already achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal.

Considering the strong performance in the first six months, he said, “We are quite hopeful of over-achieving of our annual guidance.” Signature Global’s sale bookings jumped over three-time to Rs 5,900 crore in the April-September period of 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year.

Last month, the company reported a consolidated net profit of Rs 4.15 crore for the quarter ended September.The company had posted a net loss of Rs 19.92 crore in the year-ago period.

Total income rose to Rs 777.42 crore in the second quarter of this fiscal from Rs 121.16 crore in the corresponding period of the preceding year.

Signature Global has so far delivered 11 million square feet of housing area. It has a pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million square feet of ongoing projects.

By: Rania Gule, Senior Market Analyst at XS.com

U.S. stock markets are on edge ahead of the much-anticipated Non-Farm Payrolls (NFP) report, a key indicator of the health of the American economy. The Dow Jones index (US30) has seen a slight decline since yesterday, settling at 44,737 during Friday’s trading—a drop of around 250 points. This reflects the cautious sentiment prevailing among investors. While this drop may appear modest, it signals that the markets are at a crucial juncture around the 45,000-point level—a significant psychological and technical barrier that cannot be ignored.

From my perspective, overall market sentiment remains largely optimistic, with stocks nearing record levels. However, anxiety about the upcoming report is weighing on price movements, especially given the unexpected outcomes of initial jobless claims data in recent weeks. Initial jobless claims rose to 224,000—the highest in six weeks—indicating growing disruptions in the labour market. Yet, despite their significance, these figures lack the comprehensive impact of the NFP report, which offers broader insights.

Current expectations project the addition of 200,000 new jobs in November—a significant rebound compared to October’s disappointing figure of just 12,000 jobs, which left investors disheartened. While the causes of October’s decline were clear and temporary, such as labour strikes and hurricanes, investors need to see a strong recovery to be reassured about the labour market’s resilience. In my view, any deviation from expectations could lead to significant market volatility, particularly if signs of an unexpected economic slowdown emerge.

At the same time, investors are closely watching the political landscape, particularly the anticipated return of Donald Trump to the presidency in 2025. While some optimists hope that his market-friendly policies could bolster corporate earnings, concerns remain about the potential for renewed inflationary pressures and weakened economic stability. These political uncertainties add another layer of complexity to markets already grappling with elevated stock valuations.

In recent movements, the Dow Jones index has shown a clear divergence. While most stocks posted modest gains, heavy losses in some key components have weighed on the overall index. UnitedHealth shares dropped 4% following the tragic assassination of its insurance division chief, casting a shadow over investor sentiment. Meanwhile, Salesforce shares fell 2%, as the company continued to retrace exaggerated gains from the AI boom. Although AI has been a key driver of market growth, investors now demand tangible evidence that it is improving revenue margins.

In my opinion, this situation places markets in a highly sensitive position. The contrast between generally positive sentiment and fears of negative surprises in economic data intensifies investor indecision. There remains significant resistance to a full shift towards riskier positions, but the lack of clear evidence of an economic slowdown prevents a major sell-off.

The markets are now heavily reliant on the upcoming NFP report. If the data aligns with or exceeds expectations, it could propel the Dow Jones back into its upward trajectory, breaking the 45,000-point barrier. However, if the report disappoints, we could witness a deeper correction, especially if accompanied by other signs of economic deceleration or escalating political concerns.

I believe investors must exercise patience and pay close attention to the fine details of the forthcoming report, which will serve as a roadmap for markets in the near term. Focusing on labour market strength, along with monitoring inflation indicators and Federal Reserve policies, will remain essential for understanding future trends. While markets appear capable of withstanding some pressure, any significant deviation from expectations could reignite volatility, making risk management a critical priority for investors during this delicate phase.

Chandigarh, 7th December 2024: SIS Pitches, a global leader in pitch technology and management, made its mark at the 14th Global Sports Summit, FICCI TURF 2024, where Paul Taylor, International Sales Director (Cricket) of SIS Pitches, provided insights into the growing acceptance of hybrid cricket pitches in India. The summit, themed ‘Vision 2036: Making India a Sporting Powerhouse,’ showcased India’s ambitions to host the 2036 Olympics, strengthen grassroots sports, and position the country as a global sports leader.

Speaking at the event, Paul Taylor, International Sales Director (Cricket) – SIS Pitches said, “Following the first installations of hybrid cricket pitches in India, their use is now starting to become more accepted. The pitches in Dharamshala (HPCA Stadium) have been heavily used since their installation in March, and we continue to get positive feedback from players, coaches, and head curators. We are also looking to conduct specific performance data analysis to reinforce the feedback we’ve received.”

Building on the success of its installations at the HPCA Stadium in Dharamshala, SIS Pitches further solidified its footprint in India with the completion of eight new hybrid cricket pitches—four each at the Atal Bihari Vajpayee Cricket Stadium in Amtar, Himachal Pradesh, and the Luhnu Cricket Stadium in Bilaspur, Chhattisgarh. These new pitches equip the venues to host more matches and cater to the growing passion for cricket across the country.

Through SIS Pitches, Taylor’s team has been educating stakeholders in India, ensuring clarity and promoting the adoption of these modern surfaces. “When it comes to sports surfaces, there are three main types: natural, fully artificial, and hybrid, which is a combination of the two. During my visits to India, I’ve noticed significant misinformation about pitches, especially hybrid pitches. Some think they’re drop-in pitches or fully artificial, which isn’t the case. Hybrid pitches combine natural turf with synthetic fibers,” Taylor said.

Beyond cricket, SIS Pitches is well-positioned to cater to the growing demand for high-quality playing surfaces across sports such as football and hockey. With the rise of professional leagues like the IPL, ISL, and HIL, hybrid pitches offer a reliable solution for managing high-intensity schedules while delivering consistent playing conditions.

Taylor emphasizes that quality facilities and coaching are pivotal to delivering positive experiences and fostering talent, “Facilities are absolutely crucial in any sport. Athletes need to have a good experience; they need to enjoy what they’re doing. This is why coaches play such an important role in developing the game. Looking ahead to 2036, there’s a massive opportunity for the country to put systems in place to develop the next generation of athletes and prepare them for the Olympics bid.”

SIS Pitches brings a wealth of global experience, having delivered hybrid pitches for top football clubs like Barcelona and Manchester United, as well as cricket boards such as the ECB. Recognizing the critical role of grassroots sports in nurturing future champions, SIS Pitches is committed to democratizing access to world-class infrastructure.

Taylor further said, “Working in India has been a fascinating journey, from the higher clay content black soil in northern pitches to the red soil with a lower clay content in the south, providing us with differing installation challenges that have been overcome and high-quality installations have followed. The opportunity for Indian sport here is immense. It’s an exciting time to be involved in the country’s sporting future, and we’re happy to support the Olympic bid in any way we can.”

“Hybrid pitches were used for range hitting during the IPL this year. Interestingly, Indian players didn’t even realize they were playing on hybrid pitches. Only the English players, accustomed to them in the UK, recognized the surface. The playing characteristics remain unchanged.”

Grassroots development forms the backbone of India’s Vision 2036. Taylor argues that hybrid pitches provide a consistent and safe environment, critical for accelerating talent development. “Grassroots development is the foundation for achieving India’s Vision 2036. The infrastructure already in place is a good start, but we need continued investment and collaboration to improve it further and support local businesses. As a company, we’ve invested heavily in India and are eager to contribute to this vision.”

With India’s preparations for the 2036 Olympics underway, Paul Taylor reiterated the importance of advanced sports infrastructure, such as hybrid pitches, in meeting the demands of high-profile global events. Hybrid pitches are engineered to withstand frequent use and varying climatic conditions, making them ideal for India’s diverse sporting calendar.

“At SIS Pitches, we inject synthetic fibers into the natural grass surface to extend its durability. This allows up to three times more play on the same number of pitches, requires less repair, and offers a safer playing surface. Providing safe, consistent, and long-lasting sports surfaces creates opportunities for greater participation and accelerates talent development. Poor surfaces hinder talent growth, while good surfaces enable quicker learning and progress.”

He added, “A common concern is whether hybrid pitches result in a loss of home advantage. The answer is no. The curator retains complete control over the pitch preparation—whether it’s watering, rolling, or adjusting the grass height. With only 5% synthetic fiber and 95% natural turf, the characteristics remain the same, and local control is preserved.”

SIS Pitches’ presence at the Global Sports Summit, FICCI TURF 2024, underlined its commitment to advancing India’s sports infrastructure and aligning with the country’s ambitions of hosting the 2036 Olympics. The summit provided a platform to showcase the potential of hybrid pitches and the critical role it plays in innovative and sustainable solutions in supporting professional leagues, enhancing grassroots sports, and driving India’s emergence as a global sports hub.

Chandigarh, 7th December 2024: Kalyan Jewellers, one of India’s most trusted and iconic jewellery brands, is proud to introduce ‘Pushpa’, an exclusive limited-edition line of jewellery inspired by the cinematic marvel Pushpa. Just ahead of the much-anticipated release of Pushpa 2, this stunning collection brings to life the grandeur and spirit of nature, reflected in the film, with bold, exquisite designs that celebrate both strength and sophistication.

Crafted in gold and inlaid with uncut diamonds, mother-of-pearl, and semi-precious stones, the Pushpa Collection is a fiery tribute to nature’s raw beauty. Each piece in the collection reflects Kalyan Jewellers’ commitment to creating masterpieces that tell stories, making them not just accessories but thoughtful works of art.

The collection was unveiled by Rashmika Mandanna on social media, where she shared her excitement about the jewellery line inspired by the film. Available exclusively at select Kalyan Jewellers showrooms, the Pushpa Collection is designed for those who wear their passion with pride. Whether for a special occasion or everyday wear, these pieces embody the spirit of the film, making them the perfect addition to any jewellery lover’s collection.

Hyderabad 7th December 2024: The Aditya Mehta Foundation (AMF) is proudly celebrating the extraordinary achievements of para-athletes trained at its state-of-the-art Parasports Academy and Rehabilitation Centre, Hyderabad. These young champions, studying at the Centre of Excellence, Jawahar Navodaya Vidyalaya (JNV), Rangareddy, have played a pivotal role in securing India’s No. 1 rank at the World Ability Sport Youth Games 2024 held in Ratchasimha, Thailand.

Contributing significantly to India’s medal haul, AMF-trained athletes have bagged 16 medals (5 Gold, 8 Silver, 3 Bronze) over three remarkable days, showcasing their exceptional skill, resilience, and determination.

Winners and Achievements

🏋️‍♂️ Prathmesh (16) – 80 kg weight category from Maharashtra

🥈 2 Silver Medals in Powerlifting

🎯 Devendra (14) – Under 17 Category from Telangana

🥇 2 Gold Medals in Shot Put and Discus Throw

🥈 1 Silver Medal in Sprinting

🎯 Jyoti (16) – Under 20 Category from Haryana

🥇 1 Gold Medal in Javelin Throw

🥈 2 Silver Medals in Discus Throw and Shot Put

🎯 Shivani (16) – Under 20 Category from Andhra Pradesh

🥇 1 Gold Medal in Shot Put

🎯 Satish (14) – Under 17 Category

🥈 2 Silver Medals in Shot Put and Discus Throw

🎯 Pritam (15) – Under 17 Category from Haryana

🥈 1 Silver Medal in Shot Put

🥉 1 Bronze Medal in Javelin Throw

🎯 Janu (16) – Under 17 Category

🥉 2 Bronze Medals in Shot Put and Javelin Throw

🎯 Lakshmikant (16) – Under 20 Category from Karnataka

🥇 1 Gold Medal in Triple Jump

The November US labour market report showed a rebound from the dismal, weather-affected October report, as the overall employment situation remains resilient.

Headline nonfarm payrolls rose by 227k in November, a touch above consensus expectations, but well within the forecast range. At the same time, the prior 2 months of data was revised higher, by a net 56k, taking the 3-month average of job gains to +173k.

Meanwhile, unemployment rose by more than expected, to 4.2%, as labour force participation unexpectedly pulled back to 62.5%, the lowest level since May. Earnings, however, were a touch hotter than expected, rising by 0.4% MoM for the second straight month, and by 4.0% YoY. This, however, is a pace that shan’t threaten sustained achievement of the 2% inflation target over the medium-term.

Taking a step back, my base case remains that the FOMC will still deliver a 25bp cut later this month, continuing to normalise the monetary policy stance, as the labour market also continues to normalise. Naturally, the Committee will seek not to over-react to a single data point, particularly when incoming figures remain skewed by a number of one-off factors, though the modest rise in unemployment will embolden some of the Committee’s doves for now.

That said, if the current degree of labour market resilience persists into 2025, the employment situation could force the FOMC into a slower pace of policy normalisation, particularly as risks around the inflation outlook become increasingly two-sided, amid the incoming Trump Administration’s tariff plans, and likely delivery of further tax cuts.

Though the FOMC, clearly, are unable to react to policy rumours at this stage, next year will likely see significantly more uncertainty introduced to both the monetary and fiscal outlooks. A ‘skip’ at the January meeting remains a distinct possibility.

Consequently, with a renewed hawkish risk introduced to the rate path, the ‘policy put’ that has been in place over the last 18 months is set to become considerably less forceful. Hence, the market’s ‘comfort blanket’ – the prospect of deeper, or faster, rate cuts – likely won’t be present to the same extent next year.

Hence, while strong earnings and economic growth should continue to paint a positive backdrop for risk, and see the path of least resistance still leading to the upside, said path is likely to be somewhat bumpier, and considerably more volatile, than that seen over the last year or so.

Mumbai, India –7th December 2024 NSDC International and Sompo Care Inc. are thrilled to announce their collaboration aimed at establishing a sustainable training and facilitating international opportunities for quality caregivers in India. As part of this partnership, a state-of-the-art training lab has been set up in NSDCI Greater Noida training centre, designed to enhance practical caregiving skills and Japanese language education programs. This facility will enable trainees to build a solid foundation in both Japanese language proficiency and caregiving skills, ensuring they meet the demands of care operations effectively. Through this initiative, NSDCI and SOMPO Care aim to equip Indian caregivers with the necessary tools to excel in the global healthcare landscape, particularly in Japan, where there is a pressing need for skilled professionals.

On inauguration of the lab, Shri Ved Mani Tiwari, COO (Officiating CEO), NSDC & MD, NSDC International said, “We are excited for our partnership with Sompo Care Inc., marking a significant milestone for NSDC International. This collaboration enables us to provide specialized training programs for Indian nursing care personnel, enhancing their skills and preparing them for valuable opportunities in Japan’s healthcare system. Together, we aim to address the growing demand for skilled nursing professionals in Japan while strengthening the ties between India and Japan in the healthcare sector. Through this initiative, we are committed to bridging the gap in healthcare services and supporting the global need for qualified caregivers.”

Discussions between NSDCI and Sompo Care commenced in November 2023, leading to the signing of an agreement in July 2024. The collaboration includes a comprehensive nine-month Japanese language training program and caregiver domain training designed for Indian caregivers, before being employed at Sompo Care facilities in Japan.

The Nursing Care Lab will offer practical training conducted by qualified trainers from SOMPO Care, ensuring that candidates are well-prepared to meet operational standards in Japan. The pilot program will focus on 75 candidates across three batches before scaling up to the larger numbers.

During his address, Shigeru Ando, Corporate Director of SOMPO Care said, “Today, those of you who have gathered here are about to embark on a nine-month journey to study Japanese language and nursing care in India. We are also delighted to celebrate the opening of the Nursing Care Lab. SOMPO Care is the No. 1 nursing care operator in Japan, focusing on establishing an education system through our in-house training centers. Experienced trainers from SOMPO Care will be dispatched here to share the nursing care skills and knowledge we have developed over 20 years. You have passed a severe selection process and have gathered here with a strong determination to pursue this path. We are fully committed to supporting your efforts as you prepare for a future in Japan’s nursing care sector.”

By working together, NSDC International and Sompo Care aim to establish a sustainable training model for quality caregivers in India and enabling international opportunities for them in Japan.

Chandigarh,7th December 2024: Sai Life Sciences Limited (“Sai Life” or “The Company”), proposes to open the Bid / Offer Period in relation to its initial public offer of the Equity Shares (“Offer”) on Wednesday, December 11, 2024.

The Offer comprises a fresh issue of such number of Equity Shares by the Company aggregating up to ₹9,500 million (The “Fresh Issue”) and offer for sale of up to 38,116,934 Equity Shares (“Offer for Sale”) by certain existing shareholders of the Company (the “Selling Shareholders”). (The “Total Offer Size”)

The Company proposes to utilise the Net Proceeds towards repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company estimated to be ₹7,200 million and balance amount towards general corporate purpose. (The “Objects of the Offer”)

The Offer for Sale comprises up to 6,454,780 Equity Shares by Sai Quest Syn Private Limited (the “Promoter Selling Shareholder”), up to 23,159,368 Equity Shares by TPG Asia VII SF Pte Ltd, up to 6,210,186 Equity Shares by HBM Private Equity India (collectively, the “Investor Selling Shareholders”) and up to 650,000 Equity Shares by Bharathi Srivari, up to 500,000 Equity Shares by Anita Rudraraju Nandyala, up to 500,000 Equity Shares by Raju Penmasta, up to 250,000 Equity Shares by Dr. Dirk Walter Sartor, up to 245,100 Equity Shares by Jagdish Viswanath Dore, up to 62,500 Equity Shares by Rajagopal Srirama Tatta, up to 80,000 Equity Shares by K Pandu Ranga Raju and up to 5,000 Equity Shares by Venkata Narasimha Sastry Renduchintala (collectively, The “Other Selling Shareholders”)

The Anchor Investor Bid/Offer Period opens and closes on Tuesday, December 10, 2024. The Bid/Offer Period will open on Wednesday, December 11, 2024 for subscription and close on Friday, December 13, 2024. (The “Bid Details”)

The Price Band of the Offer has been fixed at ₹522 to ₹ 549 per Equity Share (the “Price Band”). Bids can be made for a minimum of … Equity Shares and in multiples of … Equity Shares thereafter. (The “Bid Lot”).

This Equity Shares are being offered through the Red Herring Prospectus of the Company dated December 5, 2024 filed with the Registrar of Companies, Telangana at Hyderabad. (The “RoC”)

The Equity Shares to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange. (The “Listing Details”)

Kotak Mahindra Capital Company Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), Jefferies India Private Limited and Morgan Stanley India Company Private Limited are the book running lead managers to the Offer (The “BRLMs”).

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders of which (a) one third shall be reserved for applicants with application size of more than ₹ 200,000 and up to ₹ 1,000,000; and (b) two third shall be reserved for applicants with application size of more than ₹ 1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders, and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective ASBA accounts, and UPI ID in case of UPI Bidders, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or Sponsor Banks under the UPI Mechanism, as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 393 of the RHP.

Chandigarh, 7th December, 2024: As the internet becomes a backbone for communication, education, work, and entertainment, uninterrupted access to data has never been more critical. In line with its commitment to delivering a seamless and worry-free digital experience, Vi, India’s leading telecom operator, today introduced the Super Hero Plan, a unique proposition tailored for Indian prepaid users.

The Super Hero Plan is designed to align with evolving data consumption patterns, empowering users to maximise their digital experiences without worrying about running out of data. With this plan, prepaid customers enjoy unlimited data for half a day, from 12 AM to 12 Noon. The plan strengthens Vi’s appeal to data-savvy youth, already benefitting from Vi’s successful Hero plan, additionally also addressing the needs of women who prioritise productivity during morning hour, with enhanced data benefits tailored to their schedules.

For the remaining half of the day, Vi will offers extra data benefits to ensure uninterrupted connectivity for its customers. Other key Benefits of Vi’s Super Hero Recharges include:

· Weekend Data Rollover: Users can carry forward unused weekday data and use it during the weekend, providing added flexibility.

· Data Delight: Twice a month, users can unlock up to 2GB of extra data at no additional cost via the Vi app or by dialling 121249.

The Super Hero plan will be available on recharge packs offering 2GB/day or more daily data quota in Maharashtra, New Delhi, Uttar Pradesh, Gujarat, Tamil Nadu, Kerala, West Bengal, Punjab and Haryana, with price starting at Rs. 365.

Chandigarh,7th December 2024: Equirus Wealth has set a target price of Rs 560 for Vedanta Limited, indicating a potential 18% upside on the company’s closing price of Rs 472.50 on December 05. It has initiated coverage on Vedanta with a buy rating.

The firm has noted in its report that Vedanta is driving growth and value through integration, expansion, and demerger. “Vedanta is executing a transformative growth strategy through vertical integration, expanding capacities, and a higher Value-Added Products (VAP) mix, expected to drive volume growth and EBITDA margin expansion,” Equirus said in its report.

The firm has highlighted Vedanta’s ongoing expansion plans and investment in strategic projects. It has noted that the company’s 9 MTPA Sijimali bauxite mine is progressing well, with the initial production set to commence in Q3 FY25. Along with the bauxite mine, expanded captive coal mines will enable Vedanta to secure low-cost raw materials, substantially helping it to reduce reliance on external suppliers, Equirus said in its report.

Vedanta’s investments in planned expansion plans are expected to benefit the company’s EBITDA growth. As per Equirus, the combined effects after the successful operationalization of the planned expansions are projected to elevate Vedanta’s EBITDA per tonne to USD 900-1,000. This will drive targeted annual EBITDA from the Aluminium segment to over $4 bn from $1.2 bn in FY24. Such initiatives will position Vedanta for sustained cost efficiencies and enhanced EBITDA margins, allowing it to navigate cyclical downturns more effectively and secure its position as a top-tier global Aluminium producer by FY30, the firm said in its report.

Equirus has said that Vedanta’s ongoing demerger will likely prompt a re-rating for the company as Vedanta gains the flexibility to invest based on individual commodity outlooks and business fundamentals.

“With NCLT approval anticipated by March 2025—now mostly procedural, as major stakeholder and lender consents are secured—the demerger is set to pave the way for sustainable, long-term growth across Vedanta’s portfolio, ultimately enhancing shareholder value and attracting sector-specific investments,” the firm said in its report.

Vedanta has also received credit rating upgrades from two firms in last three months. CRISIL upgraded Vedanta’s long-term bank facilities and debt instruments to ‘AA’ from ‘AA-’ while reaffirming the short-term rating at A1+. In September, another credit agency—ICRA—upgraded Vedanta’s long-term credit rating to AA from AA-, citing the company’s strengthened credit profile.