Business
Vedanta Iron and Steel shares rally 16% in 3 days as Azim Premji-backed fund buys shares worth Rs 102 crore
PI Opportunities AIF V LLP, an investment arm of Premji Invest, which is owned by Indian billionaire businessman and Wipro Chairman Azim Premji, bought nearly 4.84 crore shares worth Rs 101.68 crore at Rs 21.02 apiece through a bulk deal on Monday.
Among the four Vedanta Group companies listed on Monday, Vedanta Iron and Steel has emerged as the top performer so far, adding more than Rs 1,255 crore to its market capitalisation in just three trading sessions.
The stock debuted at Rs 20 apiece on the NSE, valuing the company at around Rs 7,821 crore at listing. Following the recent rally, its market capitalisation has risen to Rs 9,076 crore as of Wednesday.
Also read: Vedanta Iron & Steel shares list at Rs 22 on BSE as mega demerger concludes
Vedanta Aluminium, the only large-cap stock among the four companies that listed on Monday, hit the 5% lower circuit for the third consecutive session on Wednesday, taking its losses to more than 14% since its market debut. Vedanta Power shares have declined around 2% from their listing price, while Vedanta Oil & Gas also hit the 5% lower circuit for the third straight session, falling over 14% since debut.
Vedanta Iron & Steel has operations across India and Africa and focuses on iron ore exploration, mining and processing. The company also produces high-quality steel, wire rods, TMT bars, pig iron, ductile iron (DI) pipes, ferro-silicon, cement and metallurgical coke.
Also read: 4 new Vedanta Group stocks debut on Dalal Street. What’s ahead?
About Vedanta demerger
In April, Vedanta had announced that each eligible shareholder would receive one share in each of the four demerged entities — Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel — for every Vedanta share held as of the record date, May 1.
While Vedanta’s share price had already adjusted to reflect the restructuring, investors were eagerly awaiting the listing of the four spun-off companies. The stocks have initially been placed in the Trade-to-Trade (T2T) segment, where every transaction results in compulsory delivery.
Also read: Vedanta to be removed from MSCI Global Standard Indexes from June 22
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Betting Tips, Odds and Predictions for 2026 World Cup Opener
ARLINGTON, Texas — England launches its bid to end a 60-year World Cup drought when it faces familiar rival Croatia on Wednesday in the opening match of Group L at AT&T Stadium.
The Three Lions enter as one of the tournament favorites after flawless qualifying and strong pedigree under manager Thomas Tuchel. Croatia, perennial overachievers, bring experience and resilience despite an aging core.
England has not won the World Cup since 1966 on home soil. Back-to-back European Championship final losses have fueled determination. The squad qualified with eight wins from eight matches, scoring 22 goals and conceding none. Recent friendlies showed mixed results, including a narrow victory over New Zealand, but Tuchel’s side has historically elevated its game on major stages.
Harry Kane leads the attack as England’s all-time top scorer with 79 international goals. The Bayern Munich forward enjoyed a stellar club season, netting 36 Bundesliga goals in 31 appearances plus strong Champions League form. He arrives with recent hat-tricks and remains a clinical finisher in big matches.
Tuchel has built the team around Kane’s movement and finishing. Key supporting players include Jude Bellingham, Declan Rice and a defense featuring John Stones and Ezri Konsa. Recent squad adjustments included replacing injured Tino Livramento with Trevoh Chalobah.
Croatia reached the 2018 final and 2022 semifinals, relying on veterans like Luka Modric, Ivan Perisic and Andrej Kramaric. Modric, at 40, helped secure strong qualifying results — seven wins in eight games, 26 goals scored and four conceded. The team has faced questions about pace and physicality but consistently defies expectations.
Recent history favors England. The sides have met in the Nations League and at Euro 2024, with England prevailing. The painful memory of Croatia’s 2018 World Cup semifinal extra-time victory via Mario Mandzukic remains motivation for revenge.
Team News and Lineup Expectations
England is expected to deploy a solid setup with Jordan Pickford in goal. The back line likely features Reece James, Stones, Konsa and possibly Dan Burn or others for width. Midfield should see Rice anchoring alongside Bellingham and Elliot Anderson, allowing forward thrust. Kane leads the line, supported by players like Bukayo Saka, Anthony Gordon or Noni Madueke.
Croatia’s lineup centers on Modric’s creativity, with Kovacic in midfield and Kramaric or Budimir up front. Josko Gvardiol provides defensive solidity on the left. The side blends experience with younger talents but must manage fitness concerns for veterans.
Betting Tips and Odds
England enters as clear favorite at around 8/11 to -140 on the moneyline, reflecting home advantage in a neutral venue and superior depth. A draw sits at about 14/5 to +270, while Croatia is a longer shot at 15/4 to +420. Over 2.5 goals is priced around +110 to +116, with under favored slightly in some markets.
Tip 1: Harry Kane to score anytime. The captain’s form and big-game pedigree make him a strong candidate at odds around 5/4. He has delivered consistently for club and country.
Tip 2: Declan Rice to score or assist. The Arsenal midfielder contributed goals and assists in qualifying and club play. Set-piece threats and forward license under Tuchel boost his value at around 11/4 to 5/4 in various markets.
Correct score predictions lean toward England wins, such as 2-0 or 2-1. England to win by one goal appeals in several previews.
Bookmakers offer various sign-up promotions for new customers, including enhanced odds on England qualifying from the group or specific match outcomes. Always gamble responsibly and check terms.
Tactical Outlook
England aims for control and efficiency. Tuchel’s pragmatic approach prioritizes structure and exploiting set pieces or transitions involving Kane and Bellingham. Croatia will likely sit deeper, absorb pressure and seek counters through Modric’s vision and Perisic’s experience.
The match kicks off at 9 p.m. BST (3 p.m. local time in Arlington) and carries significant weight for group standings. A strong start could build momentum for England in a competitive Group L.
Both teams qualified convincingly, but England’s flawless record and depth give it the edge. Croatia’s tournament pedigree ensures it will not roll over easily. Expect a tense, tactical battle with England favored to prevail.
The result could set the tone for the Three Lions’ campaign. Fans and analysts watch closely as England seeks to finally lift the trophy that has eluded it for six decades.
Business
Games Workshop admits 561 shares under employee scheme

Games Workshop admits 561 shares under employee scheme
Business
Chile central bank lowers 2026 GDP growth forecast to 1%-1.75%

Chile central bank lowers 2026 GDP growth forecast to 1%-1.75%
Business
ClearBridge Appreciation Fund Q1 2026 Commentary
ClearBridge Appreciation Fund Q1 2026 Commentary
Business
Sweet Loren’s debuts breakfast products

Company adds new packaging for product line.
Business
SSR Mining’s Repricing Still Looks Far From Done (NASDAQ:SSRM)
Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract the most critical ideas.
He runs the investing group Beyond the Wall Investing in which he provides access to the same information that institutional market participants prioritize in their analysis. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SSRM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Jaylen Brown Trade Rumors Heat Up as Celtics Weigh Roster Changes Ahead of 2026-27 Season
Trade speculation surrounding Boston Celtics star Jaylen Brown has intensified in recent weeks, with the two-time All-Star’s name frequently mentioned in discussions as the franchise evaluates options to maintain contention following a challenging stretch and amid broader roster considerations.
The Celtics, coming off a period of roster evaluation after falling short of expectations in recent playoffs, face decisions on long-term construction around Jayson Tatum. Brown’s expiring contract and high salary have made him a focal point in hypothetical deals, particularly as teams explore ways to pair elite talent with championship-caliber supporting casts. While no deal is imminent, the rumors reflect the fluid nature of NBA offseason planning and the Celtics’ willingness to explore bold moves to address defensive and depth needs.
Boston’s front office has reportedly engaged in preliminary discussions involving Brown, with league sources indicating interest from several contending teams seeking perimeter scoring and defensive versatility. The 29-year-old forward’s championship experience from the 2024 title run adds value, though his recent contract extension and injury history require careful evaluation by potential suitors.
Potential Destinations and Trade Frameworks
Multiple reports have linked Brown to teams like the Golden State Warriors in scenarios involving star players, though such deals remain highly speculative. The Warriors, rebuilding around Stephen Curry, could view Brown as a long-term piece to complement their veteran core, but salary matching and asset considerations complicate any framework.
Other Eastern Conference contenders have also been mentioned, with teams seeking to upgrade wing depth eyeing Brown’s two-way capabilities. However, the Celtics’ reluctance to part with a key piece of their championship puzzle unless the return significantly improves roster balance has limited concrete progress on potential deals.
Gary Washburn of The Boston Globe addressed the rumors during a recent appearance. “I don’t think Giannis is going to be a Celtic. … But I do think the Celtics are gauging what it would take to get Giannis to Boston and trying to figure out whether they want to move Jaylen Brown,” Washburn said. “And if there’s rumors that Jaylen is being moved and he hears that all summer, what kind of mentality will he have coming into next season, which is critical for this franchise.”
The comments highlight concerns about player morale and team chemistry if trade speculation persists. Brown has expressed commitment to Boston in the past, but the business realities of professional sports often lead to roster adjustments even for established stars.
Celtics’ Strategic Outlook
Boston’s front office faces a delicate balancing act. The team achieved significant success with the Tatum-Brown duo but has encountered challenges maintaining depth and addressing defensive inconsistencies. Trading Brown would represent a major philosophical shift, potentially signaling a rebuild or retooling around Tatum and younger talent.
President of basketball operations Brad Stevens has historically prioritized contention windows, making any move involving Brown dependent on acquiring high-impact players or significant future assets. The Celtics’ strong financial position allows flexibility, but luxury tax implications and roster fit remain primary considerations.
Recent draft picks and young contributors provide additional options, potentially allowing the team to retain Brown while addressing needs through targeted additions. However, persistent rumors suggest internal discussions about long-term construction continue as free agency and the draft approach.
Brown’s Value and Career Context
Brown has established himself as one of the league’s premier two-way wings, combining scoring ability with strong perimeter defense. His contributions during Boston’s championship run demonstrated clutch performance and leadership qualities that would appeal to contending teams seeking immediate impact.
Contract details, including the remaining years and salary, make Brown an attractive but expensive asset. Teams acquiring him would need to manage cap space carefully while integrating his skill set into existing systems. Brown’s professionalism and work ethic have earned respect across the league, factors that could ease transition to a new franchise if a deal materializes.
Broader NBA Offseason Landscape
The Brown rumors occur amid a busy NBA offseason featuring several high-profile storylines, including Giannis Antetokounmpo trade speculation. Teams are positioning themselves for roster upgrades ahead of the draft and free agency, with wing players like Brown representing valuable currency in potential blockbuster deals.
The Celtics’ situation reflects wider league trends where championship windows require continuous evaluation and occasional difficult decisions. Successful franchises balance loyalty to core players with strategic adaptability to remain competitive in an increasingly parity-driven environment.
Analysts expect continued movement as teams finalize draft strategies and explore trade opportunities. Brown’s name will likely remain prominent in discussions until the Celtics clarify their intentions or the rumors dissipate through other roster moves.
Fan and Industry Reactions
Celtics fans have expressed mixed emotions regarding the rumors, with many hoping Brown remains in Boston while acknowledging the need for roster evolution. Social media discussions highlight appreciation for Brown’s contributions alongside debate over potential trade returns.
League insiders view Brown as a high-value asset whose availability could trigger significant market activity. His combination of youth, contract status and proven playoff performance makes him an attractive target for teams seeking immediate contention boosts.
As the offseason progresses, the Celtics’ handling of the situation will be closely watched. A decision to retain Brown would signal confidence in the current core, while exploring trades could indicate a willingness to reshape the roster for future success.
What Lies Ahead
The coming weeks will provide clarity as the draft and free agency intensify. Boston’s front office must weigh short-term competitiveness against long-term flexibility, with Brown’s future central to those calculations. Whether he remains a Celtic or finds a new home, his impact on the league and any team he joins will be significant.
For now, the rumors serve as a reminder of the NBA’s dynamic nature, where even established stars can become trade candidates as organizations pursue championship opportunities. Jaylen Brown’s situation exemplifies the complex decisions facing modern NBA franchises as they balance talent retention with strategic evolution in pursuit of sustained success.
Business
Barclays tracks May gaming revenue showing mixed state results

Barclays tracks May gaming revenue showing mixed state results
Business
Wizz Air grants stock options to executives under incentive plan

Wizz Air grants stock options to executives under incentive plan
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