The shares of JSW Cement dropped around 2% on Monday, snapping a two-session winning streak during which the stock rallied over 14% following the release of its results for the January-March quarter of FY26.
The shares of the cement-maker dropped to Rs 135.76 apiece despite the overall bullish market sentiment on Monday morning. The stock has gained over 10% in one week and 13% year-to-date.
JSW Cement Q4 Results
JSW Cement on Thursday reported a net profit of Rs 362 crore for the fourth quarter of the financial year 2026, marking a whopping 2,162% year-on-year (YoY) surge from just Rs 16 crore net profit reported for the corresponding quarter of the previous financial year. The strong profit surge was mainly due to the lower base of last year, which occurred due to a non-cash, exceptional expense.The company’s consolidated revenue grew 11% YoY to Rs 1,895 crore during the quarter under review, up from Rs 1,709 crore in the same period last year. Along with the Q4 results, the company announced a dividend of Rs 0.5 per equity share with a face value of Rs 10 each for the financial year, which ended on March 31, 2026, subject to shareholders’ approval.
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Motilal Oswal on JSW Cement
Motilal Oswal Financial Services maintained its ‘Neutral’ call on the shares of JSW Cement with a target price of Rs 135 apiece. This implies a downside potential of more than 2% from the stock’s previous closing price of Rs 137.99 apiece on NSE. The domestic brokerage said that the firm’s Q4 results were above its estimates, led by higher-than-estimated realisation and operating EBITDA, which increased 46% YoY.”Management noted that demand was soft in April 2026 due to external factors. However, it is normalising gradually in May 2026 and could become stable going forward. JSW Cement has achieved over 50% of its targeted cost savings so far, and expects to reach 75% by FY27 and fully materialise by FY28, led by an increase in green power share, logistics efficiencies, and premiumisation. It has approved a 2.5mtpa additional grinding capacity at Nagaur (Rs 4.3 billion capex, targeted by January 2028), taking total capacity to 6 mtpa, due to delays in Punjab clearances and the need to optimise clinker utilisation,” it said.
Motilal raised its EBITDA estimates by 3-4% for FY27-28, and profit estimates by 32% for FY27 and 27% for FY28, primarily due to a lower tax rate following the company’s shift to the new tax regime.
JSW Cement reported strong earnings in Q4 FY26, led by strong volume-led growth and better operating performance. However, the near-term outlook remains measured, as soft demand in April and high costs may weigh on margins. JSW Cement’s strategy remains structurally compelling, with a differentiated low clinker ratio, higher GGBS mix, and sharp cost-saving measures (Rs 100/t, annual cost savings over FY27-28). Entry in the north opens a long-term growth runway; however, execution and pricing traction remain key monitorables,” it further said.
JM Financial on JSW Cement
JM Financial maintained its ‘Buy’ rating on the shares of JSW Cement, with a target price of Rs 155 per share. This implies an upside potential of more than 12% from the stock’s previous closing price.
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The domestic brokerage said that the company reported strong quarterly earnings for the January-March period. “Management reiterated cement volume growth guidance of mid-to-high teens (excluding the north plant) for FY27, with GGBS expected to outperform industry growth, supporting volume-led expansion. Additionally, the board has further announced a 2.5mtpa grinding unit in Nagaur, Rajasthan, at a capex of Rs 4.3 billion (~$18/t), slated for commissioning by January 2028. Factoring in Q4FY26, we reiterate FY27E–28E EBITDA estimates and maintain BUY with an unchanged target of Rs 155 based on 14x March 2028E EV/EBITDA,” it added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
SYDNEY — Thousands of illuminated drones lit up the night sky over Darling Harbour on Sunday evening, marking a spectacular return of the drone show to the Vivid Sydney festival after a two-year hiatus caused by crowd safety concerns.
Thousands of Drones Illuminate Sydney Skies in Stunning Vivid 2026 Comeback After Two-Year Absence
The show, titled Star-Bound, features more than 1,000 drones performing a 10-minute choreographed display of lights, patterns and original music, creating a cosmic journey through galaxies, stars and themes of life, creation, hope and renewal. It is produced by Sky Magic with an original score by Australian composer Antony Partos.
The performance runs every Sunday to Wednesday at 7:30 p.m. and 9:30 p.m. above Cockle Bay in Darling Harbour through June 10, 2026, offering 22 sessions across 11 nights. Each show is identical, giving visitors flexibility in scheduling. The only exception is Sunday, June 7.
Vivid Sydney organizers brought back the drone element for the 2026 edition after axing it in 2024 over fears of a crowd crush in the popular precinct. Safety measures have been enhanced this year, with the new location at Cockle Bay providing better crowd flow and additional viewing options, including accessible areas and live broadcast screens around the precinct.
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The opening night on May 24 faced a minor setback when the first 7:30 p.m. show was canceled due to rainy weather causing a technical malfunction. Organizers proceeded with the 9:30 p.m. performance, which drew positive reactions from those who waited. Attendees described the integration of pyrotechnics with the drone display as particularly impressive.
The return has been welcomed by locals and tourists alike. Vivid Sydney, running from May 22 to June 13, transforms Sydney’s central business district with light installations, music, ideas forums and food experiences along a 6.5-kilometer light walk. The drone show adds a high-tech highlight that draws large evening crowds to the harbor.
Star-Bound represents the largest drone program in the festival’s history. The drones form mesmerizing shapes inspired by nature, the cosmos and Sydney landmarks, synchronized to an epic soundtrack. Sponsored by IREN, the show aims to inspire awe across all age groups.
Crowd management remains a priority. Officials recommend arriving early and planning visits carefully, as drone show nights attract some of the largest gatherings. Alternative viewing spots and broadcast screens help distribute visitors and reduce congestion in prime areas.
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The technology behind the show involves precise coordination. Each drone is equipped with LED lights and follows computer-controlled flight paths to create complex formations. Safety protocols include geofencing, weather monitoring and backup systems to ensure reliable performances.
Vivid Sydney has evolved significantly since its inception in 2009. What began as a small light festival has grown into one of Australia’s premier winter events, attracting millions of visitors and generating substantial economic impact through tourism and local business activity.
The drone show’s return aligns with global trends in large-scale drone entertainment. Cities worldwide use similar displays for festivals, celebrations and advertising. Sydney’s version stands out for its narrative depth and integration with the harbor setting.
Visitors can enhance their experience through various options, including premium cruises that offer prime viewing positions on the water. Captain Cook Cruises and others provide glass boats with commentary and refreshments during the performances.
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For those on land, Darling Harbour provides multiple vantage points. Organizers suggest areas around Cockle Bay Wharf for optimal views while encouraging respect for crowd flow and safety barriers.
The 2026 festival comes at an exciting time for Sydney. With improved infrastructure and a focus on sustainable events, Vivid continues to innovate while addressing past challenges like crowd density and environmental impact.
Feedback from early shows has been largely positive, with many praising the emotional storytelling and technical precision. Social media has been filled with videos and photos capturing the dazzling formations against the city skyline.
As the festival progresses, additional drone performances are expected to draw consistent crowds through mid-June. Weather remains a variable factor, with organizers prepared to adjust or cancel shows if conditions pose risks to safety or technology.
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Beyond the drone spectacle, Vivid Sydney offers hundreds of free and ticketed events. Light projections on iconic buildings, interactive installations, live music and thought-provoking talks create a multifaceted celebration of creativity and innovation.
Tourism officials highlight the event’s role in boosting the local economy during the traditionally quieter winter months. Hotels, restaurants and transport services see increased demand as visitors from across Australia and overseas flock to the city.
The Star-Bound production reflects advances in drone technology. Improved battery life, better synchronization software and enhanced safety features allow for more ambitious displays than in previous years.
For families, the show provides an accessible wonder. Its themes of hope and renewal resonate particularly during challenging times, offering a moment of shared amazement.
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As Sydney embraces cooler evenings, the warm glow of thousands of drones against the night sky creates lasting memories for attendees. The combination of technology, art and natural harbor beauty makes for a uniquely Australian experience.
Looking ahead, organizers may expand drone elements in future festivals based on this year’s success. The careful balance of spectacle and safety will guide decisions as technology continues evolving.
For now, Star-Bound stands as a highlight of Vivid Sydney 2026, drawing people together under the illuminated sky in celebration of creativity and community. Whether viewed from the shore or water, the performance delivers a modern marvel in one of the world’s most beautiful harbors.
The festival continues through June 13, giving plenty of opportunities to experience this and other installations. With its return after two years, the drone show has reclaimed its place as one of Vivid’s most anticipated attractions.
LOS ANGELES — Kevin Costner’s ambitious Western epic “Horizon: An American Saga – Chapter 1” became available to stream on Prime Video starting Monday, nearly two years after its theatrical release that struggled at the global box office.
The 2024 film, which Costner directed and co-wrote with Jon Baird, marks the first installment in a planned multi-chapter franchise exploring the American West during the Civil War era. Costner stars as Hayes Ellison, a lone-wolf cowboy navigating danger and discovery in a story that spans four years from 1861 to 1865.
“In the great tradition of Warner Bros. Pictures’ iconic Westerns, Horizon: An American Saga explores the lure of the Old West and how it was won—and lost—through the blood, sweat, and tears of many,” reads the official synopsis. “Spanning the four years of the Civil War, from 1861 to 1865, Costner’s ambitious cinematic adventure will take audiences on an emotional journey across a country at war with itself, experienced through the lens of families, friends, and foes all attempting to discover what it truly means to be the United States of America.”
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The movie premiered at the Cannes Film Festival before hitting theaters in June 2024. It received mixed reviews, holding a 51% approval rating on Rotten Tomatoes, one of Costner’s lower scores in the Western genre despite his long history with the style. The film featured an ensemble cast including Sienna Miller, Sam Worthington, Giovanni Ribisi, Abbey Lee, Will Patton, Jena Malone, Michael Rooker, Danny Huston, Luke Wilson and others.
Costner, an Oscar winner for “Dances with Wolves,” has deep roots in Westerns. He previously starred in classics like 1985’s “Silverado,” 1990’s “Dances with Wolves,” 1994’s “Wyatt Earp” and 2003’s “Open Range.” With “Horizon,” he aimed to create a sweeping, multi-film saga that delves into the human stories behind westward expansion, personal ambitions and national conflict.
Despite high expectations and Costner’s star power, “Horizon: An American Saga – Chapter 1” underperformed commercially. The film faced challenges from a crowded summer marketplace and questions about audience appetite for long-form Western storytelling in theaters. Its modest box office returns raised concerns about the future of subsequent chapters, though Costner has remained committed to the project’s vision.
The Prime Video release offers new life for the film, potentially reaching a broader audience comfortable with at-home viewing of epic-length productions. At approximately three hours, the movie benefits from the streaming format, allowing viewers to pause and absorb its detailed world-building, sweeping landscapes and complex character arcs without theatrical time constraints.
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Industry observers see the streaming debut as a strategic move. Warner Bros. and Prime Video’s partnership allows the studio to recoup some investment while introducing the saga to subscribers who may have skipped theaters. Early streaming metrics will be closely watched as indicators for whether future chapters can proceed with studio backing or shift toward streaming-first models.
Costner’s passion project reflects his enduring fascination with American history and frontier life. He has described the films as a love letter to the West, blending action, drama and social commentary. The narrative follows multiple intersecting storylines involving settlers, Native American communities, soldiers and opportunists during a transformative period in U.S. history.
Critics praised the film’s cinematography and production design, which captured the vastness and harsh beauty of the American landscape. However, some noted pacing issues and an overload of characters that sometimes diluted emotional impact. Supporters argue the movie rewards patience, setting up rich foundations for later installments.
The supporting cast delivered strong performances that elevated key sequences. Sienna Miller’s portrayal of a resilient frontier woman drew particular notice, while Sam Worthington and Giovanni Ribisi added layers to morally complex figures caught in the era’s turmoil. The ensemble approach mirrors classic Westerns while incorporating modern character depth.
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Production values remained high throughout, with authentic period details, large-scale battle scenes and intimate character moments. Filming across varied locations helped create an immersive experience that streaming viewers can now appreciate in high definition.
Costner’s dual role as director and star brought personal investment visible on screen. His experience helming “Dances with Wolves” informed his approach to “Horizon,” emphasizing authenticity and respect for historical complexities. The project reportedly took years to develop, with Costner personally funding portions to maintain creative control.
The film’s arrival on Prime Video coincides with renewed interest in Western storytelling across media. Recent series and films have explored similar themes of expansion, conflict and identity, suggesting audiences retain appetite for the genre when presented effectively.
For Costner, the streaming release represents another chapter in a career marked by bold swings. After the success of his television series “Yellowstone,” which revived his popularity with mass audiences, “Horizon” allowed him to return to big-screen roots while testing new narrative ambitions.
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Future installments remain in discussion. Costner has expressed hope that strong streaming performance could greenlight additional films, potentially shifting the saga toward a hybrid theatrical and streaming model common in contemporary entertainment.
As viewers tune in on Memorial Day, many will discover or revisit the film’s ambitious scope. Its themes of national division, resilience and the search for identity carry particular resonance in today’s polarized climate, offering historical perspective on enduring American struggles.
Technical aspects shine in the home viewing format. Enhanced audio mixes and 4K visuals allow appreciation of details that may have been overwhelming in theaters. The original score and sound design further immerse audiences in the period atmosphere.
Reception among streaming audiences will ultimately determine the project’s legacy. Early social media reactions suggest appreciation for Costner’s commitment, even among those who found the theatrical cut demanding. Many praise the film’s willingness to prioritize story and character over conventional pacing.
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The movie joins a growing library of Western content on Prime Video, competing with both classic titles and newer productions. Its placement highlights the platform’s strategy of mixing prestige films with broad-appeal entertainment.
As “Horizon: An American Saga – Chapter 1” finds new viewers, it underscores evolving distribution models in Hollywood. Theatrical disappointments no longer necessarily end a project’s life when streaming windows open.
Costner continues balancing multiple projects, including potential “Yellowstone” extensions and other film ideas. His dedication to “Horizon” stands as testament to creative persistence in an industry often driven by immediate returns.
For Western genre fans, the streaming debut offers an accessible entry point into Costner’s expansive vision. Whether it sparks renewed theatrical interest for future chapters or settles as a streaming staple remains to be seen.
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The film’s journey from Cannes premiere to Prime Video availability illustrates both the challenges and opportunities in modern filmmaking. Ambitious projects like “Horizon” test traditional models while potentially building dedicated followings over time.
As more audiences press play this week, “Horizon: An American Saga – Chapter 1” gets another chance to connect with viewers seeking grand-scale storytelling rooted in American history and human drama. Costner’s latest Western chapter now awaits discovery in living rooms across the country.
NEW YORK — Blake Lively and Ryan Reynolds are facing new legal and financial pressure after multiple contractors filed liens totaling more than $2.1 million against their 110-acre eco-friendly property in Lewisboro, New York, according to reports.
Blake Lively and Ryan Reynolds
The Hollywood power couple, who began acquiring land in the upscale Westchester County town in 2018, reportedly owe significant unpaid fees related to construction and development of their sprawling estate. The largest claim comes from FlowCon Inc., also known as Flower Construction, which specializes in HVAC systems, plumbing, framing and masonry. That single lien amounts to $1.35 million.
Court filings and property records indicate that continued work on the massive home has been paused amid the disputes. Additional subcontractors have also placed liens on the property, contributing to the mounting total. The situation comes just weeks after Lively and Reynolds resolved their high-profile legal battle with director and actor Justin Baldoni over the film “It Ends With Us.”
The couple has transformed the large parcel into what was intended to be a sustainable, environmentally conscious family compound. Details about the project remain largely private, but public records show extensive development activity over several years, including environmental considerations typical of high-end rural estates in the Hudson Valley region.
Lewisboro, located about 50 miles north of Manhattan, offers privacy and natural surroundings that have appealed to affluent New Yorkers seeking respite from city life. Lively and Reynolds, who maintain multiple residences, have kept a relatively low profile regarding their New York holdings compared with their properties in California and elsewhere.
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The latest financial dispute highlights the complexities and costs associated with large-scale custom home construction, even for wealthy celebrities. Contractor liens are a common legal tool used to secure payment for work performed on real estate projects. If unresolved, they can complicate property sales, refinancing or further development.
Neither Lively nor Reynolds has publicly commented on the reported liens. Representatives for the couple did not immediately respond to requests for comment.
This development arrives as the actors continue navigating their high-visibility careers and family life. The couple first met on the set of the 2011 film “Green Lantern.” They began dating later that year and married in 2012 in a private ceremony. They now share four children: James, born in December 2014; Inez, born in September 2016; Betty, born in October 2019; and Olin, born in February 2023.
Lively, 38, rose to fame on “Gossip Girl” before transitioning to films such as “The Shallows,” “A Simple Favor” and “The Adam Project,” the latter alongside her husband. Reynolds, 49, achieved global stardom through the “Deadpool” franchise and maintains a strong presence in both acting and business ventures, including ownership stakes in sports teams and aviation companies.
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The pair has cultivated a public image centered on humor, family values and mutual support, frequently engaging fans through witty social media exchanges. Their relationship has often been presented as one of Hollywood’s more stable and relatable partnerships.
The Baldoni dispute, which centered on allegations of misconduct during the production of “It Ends With Us,” generated intense media attention earlier in 2026. The resolution of that case reportedly included settlements and public statements aimed at moving forward, though details remained confidential.
Property-related conflicts are not uncommon among high-profile individuals undertaking major renovations or new builds. Celebrity construction projects frequently encounter delays, budget overruns and payment disagreements due to their scale and the involvement of specialized tradespeople.
In this case, the focus on eco-friendly features may have added complexity and expense. Sustainable building practices often require premium materials, specialized labor and extended timelines to meet environmental standards. Such projects can strain relationships with contractors if costs escalate beyond initial projections.
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Lewisboro residents have occasionally noted increased activity around large estates in recent years as more affluent buyers move into the area. The town maintains strict zoning and environmental regulations, which can extend approval and construction periods for ambitious developments.
Financial experts note that liens do not necessarily indicate bad faith but often reflect cash flow timing issues or disputes over work quality and completion. Resolution typically involves negotiation, mediation or court proceedings to determine valid claims and payment schedules.
For Lively and Reynolds, managing multiple professional commitments alongside family and property projects creates a demanding schedule. Reynolds continues expanding his entertainment and business empire, while Lively has focused on selective acting roles and entrepreneurial pursuits, including her hair care line.
The couple’s real estate portfolio reflects their success. In addition to the Lewisboro property, they own homes in California and have been linked to other premium locations. Their choices often emphasize privacy for their growing family as their children reach school age.
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Public interest in celebrity finances and property dealings remains high, fueled by social media and entertainment news outlets. Reports of liens or construction disputes can quickly gain traction, though they frequently resolve without long-term damage to reputations when handled discreetly.
As details emerge about the Lewisboro situation, attention will likely focus on how the couple addresses the claims. Industry observers suggest such matters are often settled privately to avoid prolonged litigation that could affect future projects.
The timing, following the Baldoni resolution, adds another layer of scrutiny to the couple’s public narrative. Both actors have emphasized protecting their family’s privacy amid increased media focus in recent years.
Construction experts say projects of this magnitude routinely face challenges. A 110-acre estate with eco-conscious design elements likely involves numerous specialized contractors working across phases, increasing the potential for payment timing conflicts.
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Local authorities in Lewisboro have not commented on the specific property, citing privacy protections for property owners. General building records remain publicly accessible but provide limited insight into ongoing financial disagreements.
As one of Hollywood’s most bankable couples, Lively and Reynolds generate substantial income that should theoretically cover such developments. The reported liens may stem from standard business practices rather than liquidity concerns, though the scale has drawn attention.
Moving forward, the couple will likely seek efficient resolution to resume work on their dream property. Real estate professionals note that addressing contractor claims promptly helps maintain good relationships within the tight-knit community of high-end builders.
The situation serves as a reminder of the hidden complexities behind celebrity lifestyles. While glamorous on the surface, managing extensive real estate, careers and family requires significant logistical and financial coordination.
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Fans have expressed support for the couple on social media, with many viewing the reports as typical challenges in large construction projects rather than signs of deeper trouble. Others speculate on potential impacts to their carefully cultivated public image.
Regardless of the outcome, the Lewisboro estate represents a significant personal investment for Lively and Reynolds. Its completion, whenever achieved, would add another chapter to their story of building a life together away from constant Hollywood spotlight.
The coming weeks may bring more clarity as parties involved work toward settlement. Until then, the reported $2.1 million in liens stands as the latest headline in the couple’s high-profile journey through fame, family and fortune.
Emma Jones was in Newcastle to meet business founders
17:36, 25 May 2026Updated 17:42, 25 May 2026
A view of Newcastle(Image: Simon Greener/Newcastle Chronicle)
The Government’s leading official for supporting small firms has met business leaders in Newcastle and told them that “your message was well heard”.
Emma Jones, the small business commissioner, has been in the North East to meet leaders of small businesses as part of a series of “SME safaris” around the country.
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Writing on social media after the event, Ms Jones said that she had been told that business leaders want “less admin and more time to spend on growth”.
She was also told that recent Government policy changes – including a rise in the minimum wage and equalisation of pay rates for younger people – had had a significant impact on many small firms.
Emma Jones, small business commissioner(Image: Shannen Lythgoe – Photographer)
She said: “The increases to National Insurance and the minimum wage were discussed with a reflection on the minimum wage being the same across the whole UK rather than being reflective of local economies, ie the cost of living in the North East is less than, for example, in London.
“The impact of these changes on hiring practices was clearly not the intention and a repeated point made on safaris has been the impact on the recruitment of young people, including the role hospitality plays in being a ‘national service’ that trains young people in skills of communication, finance, and business.
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That first job is critical to any young person and although all the businesses we spoke to want to employ young workers, they are no longer defaulting to only recruiting the young in entry level roles.”
Ms Jones said her meeting with North East business leaders had also discussed the need to create a tax system for businesses that encourages people who take risks when starting their companies.
She said: “All the founders met are on a mission to keep building and investing and what they asked for was an environment to encourage and celebrate this. Your message was well heard.” The Office of the Small Business Commissioner was set up by the previous Conservative Government under the Enterprise Act 2016, primarily to tackle the issue of overdue payments and unfavourable payment practices in the private sector.
Ms Jones was appointed as small business commissioner last year.
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A trained accountant, she set up a technology business before founding the Enterprise Nation business support group.
Last week she welcomed new measures from the Government to crack down on late payments which include giving her office the power to investigate businesses suspected of poor payment practices, adjudicate payment disputes outside of the court process, and levy financial penalties on businesses that persistently pay their suppliers late.
Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering with a focus on applied mathematics and machine learning. Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the right balance between safety, growth, yield, and value. High Yield Investor offers real-money core, retirement, and international portfolios. The services also features regular trade alerts, educational content, and an active chat room of like minded investors. Learn more
Analyst’s Disclosure: I/we have a beneficial long position in the shares of BAM either through stock ownership, options, or other derivatives. 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.
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