• Manipal Academy of Higher Education (MAHE) to modernise its Student Life Cycle Management platform by leveraging Agentforce and related solutions, deploying 50+ AI agents across academic and administrative systems over the next two years
• MAHE to establish a Salesforce Academia Center of Excellence to develop AI-ready digital talent and prepare students for the future workforce.

Manipal, Karnataka, India, March 30: Salesforce, the world’s #1 AI CRM*, announced a collaboration with Manipal Academy of Higher Education (MAHE), an Institution of Eminence Deemed to be University, to modernise its Student Life Cycle Management (SLCM) platform and accelerate its transition to an AI-driven university. This collaboration will enable the deployment of AI-powered agentic systems across academic and administrative ecosystems, enhancing how the institution engages with students, faculty, and operations at scale. MAHE will leverage Agentforce Education, Agentforce, Data 360, MuleSoft, and Tableau to accelerate its shift from traditional systems to AI-driven operations. This forms part of MAHE’s MAGIC (MAHE Agentic Intelligent Console) program—a strategic initiative conceptualised and led by MAHE to deploy AI agents across academic and administrative systems and drive institution-wide transformation.

MAHE operates a complex academic ecosystem, supporting over 40,000 students from 60+ nations across multiple campuses. Agentforce Education will unify the entire student lifecycle — from admissions and enrollment to academic progress and alumni engagement — providing a 360-degree view of the student journey. MuleSoft will connect MAHE’s existing student, learning, and document systems through real-time, API-led integration, while Tableau will deliver advanced analytics and dashboards for data-driven decision-making. Agentforce will introduce intelligent AI agents to support processes such as student queries and admissions, improving responsiveness and helping scale services across the institution.

Deloitte will serve as the implementation partner, supporting MAHE in deploying Salesforce’s unified platform and ensuring seamless integration across systems to modernize the university’s digital infrastructure.

Building the Next Generation of AI Talent

In addition to transforming MAHE’s digital infrastructure, the collaboration with Salesforce will also focus on empowering students with future-ready skills as they prepare to enter the workforce of tomorrow. Salesforce and MAHE will establish a Salesforce Academia Center of Excellence and launch the “Agentic AI for All” initiative, introducing specialized learning programs, micro-credentials, and hands-on technology labs across institutions including Manipal Institute of Technology (MIT), Manipal and TA Pai Management Institute (TAPMI). These initiatives will provide students and faculty with practical exposure to enterprise technologies, particularly the Salesforce platform and Agentforce, through experiential labs, innovation programs, and faculty development initiatives.

Comments on the news

Lt. Gen. (Dr.) M.D. Venkatesh VSM (Retd.), Vice Chancellor of MAHE, said “At Manipal Academy of Higher Education, our focus has always been on strengthening academic governance, student experience, and institutional effectiveness through thoughtful and responsible use of technology. The MAGIC initiative reflects MAHE’s long-term vision to embed artificial intelligence across academic and administrative systems in a manner that is student-centric, ethically grounded, and academically led. Our collaboration with Salesforce is aligned with this vision, enabling us to modernise core university processes while ensuring that technology remains firmly in service of education, research, and learner success.”

Arundhati Bhattacharya, President & CEO at Salesforce – South Asia, said “India stands at a defining moment in the AI era, where the strength of our future economy will depend on the talent we build today. Universities will play a central role in shaping that future by combining academic excellence with real-world technology exposure. Institutions like MAHE are demonstrating how AI, data, and digital platforms can reimagine both how universities operate and how students prepare for the jobs of tomorrow. Initiatives like this will be critical in building a workforce that can power India’s innovation and growth in an increasingly AI-driven world.”

Mankiran Chowhan, Managing Director, Salesforce India, said “Leading universities are increasingly looking at technology not just to digitize processes, but to create more intelligent and connected campus experiences. MAHE is taking a bold step in that direction by building an AI-powered university ecosystem that reimagines how institutions engage with students across their entire journey — from admissions to alumni. We are proud to partner with MAHE on this journey and demonstrate how agentic AI can enhance institutional agility while enabling more personalized and responsive experiences for students and faculty.”

Enables Government of India to adopt advanced cloud infrastructure with data residency

Amazon Web Services India Private Limited (AWS India) today announced that it will work with Yotta Data Services to deploy AWS Outposts for the National Informatics Centre’s (NIC) Meghraj 2.0 initiative. This initiative enables government departments to leverage AWS services and generative AI capabilities for data residency and security requirements.

AWS Outposts allows customers with sensitive workloads that are restricted to NIC data centers to leverage AWS’s advanced cloud capabilities including the AWS Nitro System’s advanced security capabilities and AWS managed services such as Amazon Elastic Kubernetes Service (Amazon EKS), Amazon Relational Database Service (Amazon RDS), and Amazon Simple Storage Service (Amazon S3).

This hybrid architecture enables government departments to run sensitive workloads within NIC data centers while accessing the full capabilities of AWS services. With AWS Outposts, applications running in NIC data centers can leverage the AWS Region in India, during peak demand for citizen-facing services. During peak demand periods, applications can expand to the AWS Region in India for use cases like data ingestion, with data synchronizing back to NIC data centers within hours, enabling elastic scaling beyond on-premises capacity constraints. Using AWS Outposts, NIC can enforce security guardrails via AWS Control Tower, to create a security baseline initialized for every new workload eliminating risk of human errors with manual configurations and preventing security drift.

“This synergy with Yotta represents AWS’s commitment to supporting the Government of India’s digital transformation vision,” said Sandeep Dutta, President, AWS India and South Asia. “By deploying AWS Outposts for NIC Meghraj 2.0, we’re enabling government departments to leverage the full power of our cloud services and generative AI capabilities while meeting the requirements for sensitive workloads.”

“This collaboration with AWS strengthens Yotta’s mission to power India’s sovereign and secure digital infrastructure for government”, said Sunil Gupta, Co-founder, Managing Director & CEO, Yotta Data Services. He further added, “By enabling AWS Outposts within NIC’s Meghraj 2.0 framework, we are combining Yotta’s enterprise-grade data center and sovereign cloud capabilities with AWS’s advanced cloud and AI services to deliver a robust hybrid architecture tailored for India’s public sector. Government departments can now scale citizen services seamlessly, leverage generative AI, and innovate faster while ensuring data residency and security within India’s trusted infrastructure ecosystem.”

About Amazon Web Services (AWS) India Services Private Limited

AWS India Private Limited (AWS India) undertakes the resale and marketing of AWS Cloud services in India.

About Amazon Web Services

Amazon Web Services (AWS) is guided by customer obsession, pace of innovation, commitment to operational excellence, and long-term thinking. By democratizing technology for nearly two decades and making cloud computing and generative AI accessible to organizations of every size and industry, AWS has built one of the fastest-growing enterprise technology businesses in history. Millions of customers trust AWS to accelerate innovation, transform their businesses, and shape the future. Learn more at aws.amazon.com and follow @AWSNewsroom.

Vedanta Ltd. has announced that its Committee of Directors has approved raising up to ₹3,000 crore through Non-Convertible Debentures (NCDs) on a private placement basis. The objective of this fundraising exercise is to further strengthen the company’s capital structure and optimize its borrowing costs.

In an exchange filing, the company stated that it will issue a maximum of 300,000 unsecured, rated, listed, and redeemable NCDs, each having a face value of ₹100,000, aggregating to a total amount of ₹3,000 crore. These NCDs will be listed on the Bombay Stock Exchange (BSE).

The debt instruments and bonds previously issued by the company have received a robust response from investors. A $500 million bond issue in October 2025 was oversubscribed three times, while an NCD issue launched in June of the previous year received an oversubscription of approximately 60 percent.

The company continues to maintain access to both domestic and international debt markets. While support for NCDs and bank funding remains steady, interest from foreign lenders has also been observed in refinancing transactions under the revised External Commercial Borrowing (ECB) norms. Domestic NCDs, bank loans, ECBs, and US Dollar bonds collectively provide diversified sources of capital, enabling the company to maintain financial flexibility and a strong balance sheet.

This development comes at a time when the group is gradually reducing debt from its balance sheet and refinancing existing borrowings to lower its overall cost of debt. According to a recent exchange filing, Vedanta Limited’s Net Debt-to-EBITDA ratio has declined from 1.40x in Q3 FY25 to its current level of 1.23x, with a target set to bring it below 1x in the near future.

At the Vedanta Resources level, this ratio has decreased from 3.3x in FY20 to approximately 1.9x currently. The improvement in the Net Debt-to-EBITDA ratio reflects a strengthening of the balance sheet and an enhanced capacity to repay debt using operational earnings. The Net Debt of the parent company, Vedanta Resources (excluding Vedanta Limited), has also come down from approximately US$ 8.9 billion in March 2022 to approximately US$ 4.8 billion as of December 31, 2025.

Investor interest remains sustained at a time when operational performance across various business verticals is witnessing improvement, bolstered by higher production volumes, cost efficiencies, and favorable commodity trends. The proposed demerger—now nearing completion—is also being viewed by analysts as a structurally positive step toward long-term value creation.

Parallel to its deleveraging initiatives, Vedanta Limited plans to undertake capital expenditure (Capex) of approximately ₹40,000 crore over the next few years. The objective is to consolidate its market-leading position, scale up its EBITDA to approximately US$ 10 billion, and achieve a Compound Annual Growth Rate (CAGR) of 18% in EBITDA over the near term. According to the company’s recent exchange filing, out of the total approved Capex of approximately ₹75,000 crore (valid through September 2025), around ₹35,000 crore has already been expended, while the remaining amount is slated to be spent over the coming years. The commissioning of major projects across the aluminum, zinc, oil and gas, iron ore, steel, and energy sectors is scheduled for the next two financial years.

Research institutions and financial firms maintain a positive outlook regarding Vedanta Limited. BofA Securities has upgraded the company’s rating to “Buy,” citing a strong outlook for aluminum, favorable silver prices, and a healthy dividend yield. In its report, BofA Securities stated, “Significant deleveraging at the parent company level mitigates the risk of an increase in brand fee rates or inter-corporate lending.” The firm has raised its target price from ₹480 to ₹840, implying a potential upside of 75%.

BofA Securities noted, “We have raised our EBITDA estimates for FY26E–FY28E by 16–21%, incorporating higher aluminum forecasts, an increased fair value for Hindustan Zinc, a decline in the US Dollar–Indian Rupee exchange rate (rupee depreciation), and the group’s robust balance sheet—specifically by reducing the holding company discount from 15% to 5%.” Furthermore, BofA Securities has projected that Vedanta Limited’s operating cash flow for FY27 could grow by 31% year-on-year.

The ongoing tensions between Afghanistan and Pakistan have escalated again. The two countries share a nearly 2,600-kilometer border, called the Durand Line. This border has been a source of dispute and mistrust for years. The situation has become even more complicated since the Taliban returned to Afghanistan in 2021. Pakistan claims that militant groups based in Afghanistan are carrying out attacks on its territory, which the Afghan side denies. As a result, incidents of border firing, airstrikes, and retaliatory actions have increased in recent months, causing instability in the region.

In recent clashes, both sides have accused each other of attacks from the air and ground. Media reports state that several people have died and dozens have been injured in cross-border incidents. Reports from UN agencies indicate that at least 70 civilians were killed and over 400 injured in cross-border attacks and clashes in the last months of the previous year. These figures show that civilians are facing the greatest impact of the conflict. People living in border villages experience constant fear and insecurity.

Security concerns are a key factor in this conflict. Pakistan argues that groups like the Tehreek-e-Taliban Pakistan (TTP) use Afghan territory to launch attacks against it. Pakistan also claims that terrorist attacks within its borders spiked significantly in 2023 and 2024, resulting in hundreds of deaths. It blames groups operating from Afghan territory for these attacks. On the other hand, the Afghan government insists it will not allow its land to be used against other countries, but controlling the mountainous border areas is difficult. This mutual distrust can escalate into military action.

The refugee issue is another significant humanitarian aspect of the conflict. Pakistan has long hosted Afghan refugees. According to various international agencies, there are around 1.3 million registered Afghan refugees in Pakistan, with millions more lacking proper documents. After the power shift in Afghanistan in 2021, over 600,000 Afghan nationals entered Pakistan. Recently, Pakistan has intensified its efforts to deport illegal foreign nationals, forcing thousands of Afghan families to return. This has worsened the humanitarian crisis in Afghanistan, which already faces an unstable economy.

This conflict is also harming the economies of both countries. Afghanistan’s economy has faced severe pressure for the past several years. The World Bank and other organizations report that Afghanistan’s economy has contracted since 2021, with the unemployment rate rising sharply. Border closures and trade disruptions have affected the supply of food grains, fruits, vegetables, and essential goods. Annual trade between Pakistan and Afghanistan amounts to billions of dollars, but frequent border closures have hurt local traders and farmers, leading to notable losses.

Militarily, the two countries are in different situations. Pakistan has a well-organized army, air force, and modern weapons. Meanwhile, Afghanistan’s conventional military has changed since the Taliban took control. Although Afghanistan has limited resources, the mountainous terrain and local support make it hard to fully stop military activities in the border areas. This is why even small clashes can quickly escalate into major conflicts.

The international community is also worried about the growing tensions. The United Nations has repeatedly urged both countries to show restraint and seek solutions through dialogue. Human rights organizations have stressed that safeguarding civilians should be a priority. International law prohibits targeting civilians or using excessive force in military actions. Therefore, there are calls for investigations and transparency after each incident. However, the reality on the ground often differs from what diplomats say.

This conflict is complex from a political standpoint as well. Political instability and economic challenges exist within Pakistan. Rising inflation, foreign debt, and internal security issues are straining the government. Consequently, the government adopts a strategy focused on security issues and tough measures. At the same time, Afghanistan’s lack of international recognition and economic sanctions complicate the situation further. The tensions at the border add to these challenges.

Experts warn that without concrete steps to rebuild trust between the two countries, this conflict could persist for a long time. Improving border management, sharing intelligence, and maintaining regular communication are essential. Also, addressing the refugee issue from a humanitarian viewpoint is crucial. Until people feel secure and have a dignified life, discontent and instability will continue.

The most heartbreaking aspect of this situation is that ordinary people are paying the price. Schools in border villages close, trade stops, and families are forced to leave their homes. This has a deep psychological impact on children and women. Many families lose their means of living. Reports of conflict are more than just numbers; behind every statistic is a family story.

South Asia already faces many challenges. In this context, rising tensions between Pakistan and Afghanistan could threaten the entire region’s stability. If the situation isn’t controlled quickly, it could affect neighboring countries and regional trade. Therefore, both nations must choose diplomacy and cooperation over military confrontation.

Ultimately, the Pakistan-Afghanistan conflict is not just a disagreement between two countries. It also involves humanitarian, economic, and regional stability issues. Statistics reveal that every time shots are fired at the border, innocent civilians die and thousands are displaced. The way to a solution lies in dialogue, trust, and cooperation. If both countries work to resolve their differences peacefully, they can not only establish peace at the border but also open a new chapter of stability and development for the entire region.

Author:
Arshdeep Arora
Multilingual Content Specialist

In a candid conversation on a Mexican podcast, the global icon reflected on his struggles, emotional decisions, deep patriotism, and his beautiful love story with Antonela. His words revealed a humble and thoughtful side that goes far beyond trophies and records.

The Lingering Regret That Still Affects Him

Not Learning English A Missed Opportunity

Messi openly admitted that while he has few regrets in life, not learning English when he had the time stands out as the most significant one. As a child and teenager, he could have dedicated time to mastering the language, but football took priority.

Throughout his extraordinary career, Messi met many influential personalities, world leaders, and sporting legends. However, because of the language barrier, he often found it difficult to communicate freely. He confessed that in those moments, he felt somewhat disconnected and unable to fully express himself.

This honest admission highlights an important truth. Even the greatest athlete of his generation sees room for growth and self improvement.

A Strong Lesson for His Children

Education and Preparation Matter

Now playing for Inter Miami in Major League Soccer in the United States, Messi is focused not only on football but also on raising his children with strong values. He constantly emphasizes the importance of education and preparation.

He wants his children to understand that talent alone is not enough. Knowledge, communication skills, and cultural awareness are powerful tools that open doors worldwide.

Messi’s perspective reflects maturity and wisdom. He is not just a football legend but also a responsible father who wants his children to avoid the mistakes he believes he made.

The Emotional Journey From Rosario to Barcelona

A Life Changing Move at 13

At just 13 years old, Messi left his hometown of Rosario in Argentina and moved to Spain to pursue his dream. It was a life changing decision filled with uncertainty and emotion.

He recalled that the entire neighborhood came to the airport to say goodbye. They were not just saying farewell to a young football talent but to the Messi family as a whole. It was a deeply emotional moment that remains etched in his memory.

However, the beginning in Spain was far from easy. Due to transfer regulations, he was unable to play for six months. When he finally got the opportunity to step onto the pitch, he suffered an injury that kept him out for three additional months.

These early challenges tested his resilience, patience, and mental strength.

Building a Golden Legacy at Barcelona

From La Masia to Global Greatness

After arriving in Spain, Messi joined Barcelona’s famous La Masia academy, where his extraordinary talent was nurtured and refined. The academy laid the foundation for one of the most iconic club careers in football history.

With Barcelona, Messi achieved unprecedented success. He scored countless goals, broke numerous records, and won multiple domestic and international trophies. His consistency and brilliance earned him eight Ballon d’Or awards, a remarkable achievement that cements his place among the greatest players of all time.

His journey from a young boy with big dreams to a global superstar is nothing short of inspirational.

Rejecting Spain Choosing Argentina From the Heart

Loyalty Over Convenience

Because he grew up and built his entire club career in Spain, Messi was eligible to represent the Spanish national team. The Spanish Football Federation reportedly made strong efforts to convince him to switch allegiance.

However, Messi revealed that he never felt confused about his decision. His heart always belonged to Argentina. Playing for his homeland was not a strategic move but an emotional commitment.

At the time, Spain was a dominant force in international football. Many critics later argued that had Messi chosen Spain, he might have won more international trophies earlier in his career.

Yet Messi never regretted his choice. For him, representing Argentina was about identity, pride, and belonging.

From Criticism to World Cup Glory

Silencing Doubters With Historic Triumph

There were difficult periods in Messi’s international career. Argentina lost several major finals, and critics questioned his leadership and influence. Some even unfairly compared him to past legends and doubted his ability to deliver on the biggest stage.

But in 2022, Messi achieved what many believed was the missing piece of his legacy. He led Argentina to World Cup glory, silencing every critic and fulfilling a lifelong dream.

That victory was not just another trophy. It was the ultimate validation of his loyalty, perseverance, and unwavering belief in his country. It transformed his international journey into a complete and historic success story.

A Lifelong Commitment to Growth

Learning Never Truly Ends

Despite winning almost everything possible in football, Messi insists that learning and self improvement never stop. Every stage of life offers new lessons and experiences that shape a person’s character.

His humility stands out. Even after reaching unimaginable heights, he remains grounded and aware of his imperfections. This mindset sends a powerful message to young athletes and fans worldwide.

Success is not a final destination but an ongoing journey of growth.

A Romantic Proposal to Antonela

A Love Story Rooted in Simplicity

Messi also shared a touching detail about his personal life. He proposed to Antonela during a dinner in Barcelona. The couple had been together for many years and already had two children at the time.

He described the proposal as natural rather than impulsive. It was a heartfelt and slightly cinematic moment that reflected their deep bond.

Their love story began long before global fame and fortune. It is built on trust, friendship, and shared history. In many ways, it represents stability in the life of a global superstar constantly under public scrutiny.

The True Essence of Messi’s Legacy

Lionel Messi’s story is not just about goals, records, or awards. It is about resilience, loyalty, humility, and emotional honesty. His regret over not learning English shows his human side. His unwavering choice to represent Argentina demonstrates powerful patriotism. His romantic gesture toward Antonela reveals his grounded personality.

As he continues his journey in the final chapters of his playing career, his influence extends beyond football. He inspires millions not only through his magical performances on the pitch but also through his sincerity and self reflection off it.

Lionel Messi remains a symbol of greatness shaped by passion, sacrifice, and relentless dedication. His life reminds us that even legends have regrets, but true greatness lies in learning from them and moving forward with strength and authenticity.

• To boost margins through value-added products
• Vedanta to expand India’s aluminium production capacity

Vedanta Aluminium—India’s largest aluminium producer, currently holding nearly half of the domestic market share among primary producers—is strongly positioned to capitalize on the country’s rapidly growing demand for aluminium. While the company currently commands approximately 50% of the domestic market among primary producers, the overall demand for aluminium in India is, in fact, surging at a remarkable pace. Aluminium demand in India is growing at an annual rate of 6%, a figure significantly higher than the global average. To meet this escalating demand, the company is actively expanding its production capacity and simultaneously working on plans to operationalize its captive mines.

To cater to the rising demand for aluminium, the company is working on a plan to expand the smelter capacity of Bharat Aluminium Company (BALCO) by 435 KT, bringing the total capacity to 1 million tonnes. This expansion will play a pivotal role in meeting the growing domestic demand. Indeed, selling aluminium in the domestic market yields higher returns than exporting it; consequently, this strategic shift is expected to lead to an improvement in the company’s profit margins.

Furthermore, the company is actively focusing on the production of high-margin, value-added products, aiming to increase the contribution of these products to over 90% of its total sales. This portfolio includes billets for the construction, railway, automotive, and clean energy sectors; rolled products manufactured at BALCO, which are utilized across the automotive, electrical, power, insulation, and packaging industries; and primary foundry alloys designed for the automotive sector and advanced manufacturing applications. The company’s product portfolio spans hot and liquid metal, wire rods, ingots and alloy ingots, billets, slabs, rolled products, sow ingots, Aluminum-Silicon (AlSi) T-ingots, flip coils, and low-carbon variants—’Restora’ and ‘Restora Ultra’. The company benefits significantly from this extensive product range; moreover, the introduction of new value-added products is poised to position the company even more favorably. Indeed, with the country targeting a 30% share of electric vehicles (EVs) by 2030, the demand for EVs—and, consequently, for premium aluminum—is witnessing rapid growth. To cater to this demand, the company is investing approximately ₹30,000 crore, a substantial portion of which has already been deployed toward its expansion plans. The company is now entering the ‘harvest phase’ of its investment cycle. Additionally, the company is developing a ₹1.3 lakh crore greenfield aluminum smelter project in Odisha, which will comprise a smelter with an annual capacity of 3 million tonnes and a 4,900 MW captive power plant. This initiative is expected to result in a significant boost to India’s global aluminum production capacity.

Royal Challengers Bengaluru have suffered a major setback ahead of the IPL 2026 season. The franchise will not be able to use the DY Patil Stadium in Navi Mumbai as their home ground after Mumbai Indians refused to grant the mandatory No Objection Certificate. This unexpected development has intensified speculation about RCB’s home venue plans and added a new layer of drama before the tournament even begins.

For a franchise led by global cricket icon Virat Kohli, the issue of a home ground is far more than a logistical decision. It directly impacts team morale, fan engagement, commercial partnerships, and overall performance strategy. With IPL 2026 approaching, RCB now finds itself in a high pressure situation that demands swift and strategic action.

Why DY Patil Stadium Was RCB’s Preferred Choice

Strategic Location and World Class Infrastructure Made It a Strong Contender

DY Patil Stadium in Navi Mumbai has previously hosted IPL matches and international fixtures. Known for its excellent pitch conditions, modern facilities, and large seating capacity, it was seen as a powerful alternative for RCB during a period of uncertainty surrounding their traditional home ground in Bengaluru.

Mumbai is one of India’s biggest cricket hubs, offering strong corporate backing, high fan turnout, and seamless travel connectivity. For RCB management, shifting base to DY Patil appeared to be a calculated and smart move that could maintain brand visibility while ensuring smooth operations.

However, that plan has now collapsed following Mumbai Indians’ firm decision to deny approval.

Why Mumbai Indians Refused the NOC

Protecting Home Territory and Commercial Interests

As per IPL operational norms, if a franchise intends to establish its home base close to another team’s designated territory, it must obtain consent from the concerned franchise. The Wankhede Stadium, home of Mumbai Indians, is located in close proximity to DY Patil Stadium.

Mumbai Indians reportedly argued that allowing another franchise to operate within the same metropolitan region could set a risky precedent. Such a move might dilute fan loyalty, impact ticket revenue, and create brand conflicts in the long term. From a strategic business standpoint, MI’s decision appears calculated and protective of its established market dominance.

While the refusal may seem harsh, IPL franchises operate in a highly competitive commercial ecosystem where territorial integrity plays a critical role.

The Bengaluru Stampede Tragedy and Its Lasting Impact

June 4 Incident Changed the Narrative Completely

The crisis traces back to June 4, when a tragic stampede occurred during RCB’s IPL victory celebrations in Bengaluru. The incident led to the heartbreaking death of 11 people and triggered nationwide outrage.

A government inquiry later held RCB responsible, stating that the franchise had not obtained the necessary permissions for organizing the victory parade at the M Chinnaswamy Stadium. The mention of senior figures, including Virat Kohli, in discussions around the event further intensified media scrutiny.

Following the tragedy, the Karnataka government adopted a strict stance toward large scale events at the stadium. The Board of Control for Cricket in India was compelled to shift several domestic and international fixtures, including Vijay Hazare Trophy matches and Women’s World Cup games, out of Bengaluru.

This chain of events significantly damaged RCB’s operational certainty regarding their traditional home venue.

Government Clearance Yet Continued Uncertainty

KSCA Received Approval but Questions Remain

On January 17, the Karnataka State Cricket Association announced that it had received official government approval to host IPL and international matches at the Chinnaswamy Stadium. A formal press release confirmed the clearance, seemingly restoring normalcy.

However, reports suggested that RCB management remained cautious about immediately returning to the venue. Concerns around crowd control, safety protocols, and public perception reportedly influenced the franchise’s continued search for alternative venues.

Even with government approval in place, RCB appears to be prioritizing risk management and long term brand rebuilding.

Raipur and Indore Emerge as Strong Alternatives

Central India Could Host RCB’s Home Matches in IPL 2026

Earlier in January, RCB initiated discussions with the Chhattisgarh government to host at least two home matches in Raipur. The Shaheed Veer Narayan Singh International Stadium has previously hosted IPL fixtures and offers modern facilities.

With the DY Patil option now eliminated, Indore has emerged as a powerful contender to host the remaining five home matches. The Holkar Stadium is renowned for its batting friendly pitches and enthusiastic cricket crowd. It has successfully hosted both international and IPL games in the past.

Indore’s central location provides logistical convenience and balanced travel schedules, making it an attractive solution for IPL 2026. Sources indicate that the city is now a frontrunner in RCB’s venue deliberations.

Impact on Virat Kohli and Team Dynamics

Emotional Disconnect and Loss of Home Advantage

Virat Kohli shares a deep emotional bond with Bengaluru and the Chinnaswamy crowd. The passionate home support has often fueled RCB’s high energy performances. Playing away from their traditional base could affect team morale and emotional momentum.

Home advantage in cricket extends beyond pitch familiarity. Crowd energy, local support, and psychological comfort contribute significantly to performance outcomes. A neutral venue means RCB will need to rebuild that connection in unfamiliar territory.

That said, IPL professionals are accustomed to adapting to varied conditions. If managed effectively, the team could turn this challenge into a motivational advantage.

Broader Implications for IPL 2026

Scheduling Complexities and Commercial Adjustments

Uncertainty over RCB’s home ground could impact tournament scheduling. The BCCI will need clarity on venue allocation to finalize travel logistics, broadcast planning, and security arrangements.

Each host city requires coordination with local authorities, sponsors, and ticketing partners. A delayed decision may create operational pressure. For RCB, finalizing the venue quickly is crucial to maintaining competitive preparedness and commercial momentum.

Is a Return to Chinnaswamy Still Possible

Balancing Emotion, Reputation, and Responsibility

Although official approval has been granted, returning to Chinnaswamy carries reputational weight. RCB would need to implement strict safety protocols and demonstrate heightened responsibility to restore public confidence.

The stampede tragedy remains a sensitive subject. Any comeback to the venue would require transparent communication, improved crowd management systems, and a renewed commitment to fan safety.

Ultimately, the decision will balance emotional loyalty to Bengaluru with strategic and ethical considerations.

Conclusion A Defining Moment for RCB

As IPL 2026 approaches, Royal Challengers Bengaluru stand at a crucial crossroads. The rejection from Mumbai Indians over the DY Patil Stadium represents a significant blow, but it also opens doors to fresh possibilities in cities like Raipur and Indore.

Mumbai Indians’ decision appears strategically sound from a business standpoint. Meanwhile, RCB must demonstrate resilience, smart planning, and decisive leadership during this transitional phase.

For Virat Kohli and his team, the challenge extends beyond cricket. It is about rebuilding trust, preserving brand strength, and delivering powerful performances regardless of venue constraints.

One thing is certain. Even before the first ball of IPL 2026 is bowled, the season has already sparked intense debate, strategic drama, and heightened anticipation across the cricketing world.

• Records highest-ever quarterly Revenue of ₹45,899 crore, up 19% YoY
• Achieves record quarterly EBITDA of ₹15,171 crore, up 34% YoY

Mumbai, 29th January 2026: Vedanta Limited (BSE: 500295 & NSE: VEDL) today announced its Unaudited Consolidated Results for the third quarter and nine months ended 31st December 2025. Vedanta delivered exceptional financial performance with profit after tax jumping 60% YoY to ₹7,807 crore. The company reported a record quarterly EBITDA of ₹15,171 crore, up 34% YoY supported by margin expansion of 629 bps to 41%*. The company also recorded the highest-ever quarterly revenue of ₹45,899 crore, up 19% YoY.
Vedanta’s Net Debt to EBITDA ratio improved to 1.23x from 1.40x, with a strong double-digit Return on Capital Employed (ROCE) at 27%, improving by 296 bps YoY. Credit ratings for Vedanta have been reaffirmed at AA by both CRISIL and ICRA, following the recent NCLT demerger order.

Vedanta invested about USD 1.3 billion in growth capex in the nine months of FY26. The company delivered strong operational performance during the quarter, with record production across key businesses. Aluminium recorded its highest-ever quarterly production at 620 kt, up 1% YoY, while alumina production surged to a record 794 kt, up 57% YoY, reflecting improved operational efficiencies and ramp-up initiatives. Zinc India posted its highest-ever third-quarter mined metal production at 276 kt, up 4% YoY, alongside refined metal production of 270 kt, also up 4% YoY. Notably, Zinc India achieved its lowest Q3 cost of production in the last five years at $940/t, lower by 10% YoY. Zinc International operations reported production of 59 kt, up 28% YoY.

The Iron Ore business reported quarterly ore production of 1.2 million tonnes, up 3% YoY, while pig iron production increased to 229 kt, up 6% YoY. Copper cathode production stood at 45 kt, marking the highest quarterly production in the last seven years. Ferro chrome production rose sharply to 24 kt, up 32% YoY. The Power business delivered a robust performance, with sales increasing 61% YoY.

Vedanta achieved several important milestones during the quarter. The Company received approval from the Hon’ble National Company Law Tribunal (NCLT) for its proposed demerger, marking a key step towards unlocking long-term value. Vedanta also acquired Incab Industries, strengthening its downstream footprint in copper and aluminium.

The Company delivered a total shareholder return of ~30% during the quarter, outperforming the Nifty by 5.0x and the Nifty Metal index by 2.7x, as shares soared to lifetime highs repeatedly. In addition, Vedanta Group secured three additional mining blocks of high-value critical minerals, taking its total assigned blocks to 11.

The total shareholder returns for the last 5 years stood at 428%, accompanied by a cumulative dividend yield of 73.5%.

Commenting on Q3FY26 results, Mr. Arun Misra, Executive Director, Vedanta, said, “Q3 FY26 has been a landmark quarter for Vedanta, delivering our highest ever EBITDA of ₹15,171 crore, with two of our businesses achieving their best ever financial results. Aluminium posted its strongest EBITDA margin of $1,268 per ton, supported by record alumina and aluminium production. Zinc India recorded its highest ever quarterly EBITDA of ₹6,064 crore, driven by record mined and refined metal output, with silver contributing 44% of overall profit. Zinc International also reported a 28% YoY increase in production, led by Gamsberg achieving its highest ever recovery. Our Oil & Gas business reached a major milestone with India’s first subsea template installation, while our Thermal Power Business delivered 188% YoY EBITDA growth with a 62% increase in sales volumes. Steel and Ferrochrome Business also achieved record production of steel billets at 285 kt, and ferrochrome output up 32% YoY. Alongside the landmark approval for the demerger into five pure play entities, these results demonstrate our strong operational momentum and readiness to unlock long term value as we advance Vedanta’s 2.0 journey.”

Mr. Ajay Goel, Chief Financial Officer, Vedanta, said “This has been a remarkable quarter for Vedanta. We delivered our highest-ever quarterly PAT of ₹7,807 crore, marking a strong 60% YoY growth. Our Q3 revenue stood at a record ₹45,899 crore, up 19% YoY, while EBITDA reached an all-time high of ₹15,171 crore, growing 34% YoY. EBITDA margins expanded sharply by 629 bps YoY to 41%. Our balance sheet continues to strengthen, with Net Debt to EBITDA improving to 1.23x from 1.40x YoY. The reaffirmation of our AA credit rating by CRISIL and ICRA following the NCLT demerger order, along with upgrades in VRL credit rating outlook from Stable to Positive by S&P, Moody’s & Fitch Ratings, underscore the market confidence in Vedanta’s growth trajectory. We are now entering an exciting phase of growth and value unlocking, creating long-term value for all our stakeholders.”

3QFY26 ESG Highlights

 ESG Leadership: Vedanta Aluminium secured second rank in the S&P Corporate Sustainability Assessment for the third consecutive year. Cairn Oil & Gas, in its very first participation, placed among the top five companies globally in the Oil and Gas Upstream and Integrated sector, emerging as the highest scorer in India. In the Carbon Disclosure Project (CDP) Ratings, Vedanta maintained a strong Climate score of ‘B’, while our Water rating improved from ‘B’ to ‘A minus’.
 Environmental: Vedanta advanced its sustainability agenda in Q3 FY26 with renewable energy use rising 44% QoQ, Greenhouse Gases (GHG) intensity down 6.3%, and water recycling up to 69 million m³. Key initiatives include deployment of electric forklifts, energy efficiency projects, renewable energy sourcing, and air quality improvements. We drove lower emissions and strengthened progress toward net water positivity by 2030.
 Social Front: Vedanta invested ₹267.9 crore in CSR initiatives that positively impacted 5.5 million lives across the world. Through programs like Shiksha Sambal, we have empowered over 13,000 students; half of them young women. Today, nearly 1000 self-help groups are active across India, driving micro enterprise growth of over 50 percent quarter on quarter.

1Excludes custom smelting at copper business & one-off gain
 Revenue:
o Consolidated revenue at ₹45,899 crore, up 19% YoY driven by higher LME, volumes, premium, and forex gain
o The revenue is up 17% QoQ largely on account of higher LME, volume, forex gain, partially offset by lower premium
 EBITDA and EBITDA Margin:
o EBITDA increased by 34% YoY & 31% QoQ to ₹15,171 crore mainly driven by higher LME, premiums, lower costs, forex gains and higher volumes
o EBITDA margin at 41%, up 629 bps YoY and 512 bps QoQ
 Depreciation & Amortization:
o Depreciation & Amortization at ₹2,725 crore, lower due to accounting treatment as required by Ind AS 105, post NCLT demerger order on 16 December 2025
o YoY increase due to major capitalization and increase in production at ZI
 Finance Cost:
o Finance cost is lower 11% YoY mainly due to lower borrowing rates and stable QoQ
 Investment Income:
o Investment Income is lower 5% YoY due to change in investment mix, and higher 7% QoQ due to higher interest on income tax refund in 3QFY26
 Taxes:
o ETR is 27%
 Profit After Tax
o PAT is ₹ 7,807 crore, up 60% YoY & 124% QoQ
 Leverage, liquidity, and credit rating:
o Gross debt at ₹ 80,709 crore as on 31st December 2025
o Net debt at ₹ 60,624 crore as on 31st December 2025
o Net debt to EBITDA ratio of 1.23x vs 1.40x in 3QFY25
o Cash and cash equivalents position remains strong at ₹ 20,085 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, & fixed deposits with banks
o Both ICRA and CRISIL have reaffirmed AA/ Watch with Developing Implications rating for Vedanta Limited

Significance of the Decisive Match and Series Context

The third ODI was the series decider. Sri Lanka had won the first match by 19 runs, while England bounced back to win the second match by five wickets, leveling the series. With both teams under immense pressure, the decider promised a thrilling contest.

The match tested strategy, experience, and mental strength. Early overs saw Sri Lanka putting England under pressure, but England balanced composure with aggression to turn the game in their favor and make history.

England’s Innings – Perfect Balance of Composure and Aggression

Early Setback – Two Wickets in 11 Overs

After winning the toss, England opted to bat first but had a shaky start. Opener Ben Duckett was dismissed for just 7 runs by Dhananjaya de Silva, while Rehan Ahmed added only 24. England’s score was 40/2 in 11 overs, giving Sri Lanka early control of the match.

Joe Root and Jacob Bethell Partnership

Joe Root, batting at number three, stabilized England’s innings. Alongside Jacob Bethell, Root put together a crucial 126-run partnership for the third wicket. Bethell scored 65 runs off 72 balls, including eight boundaries. Root rotated the strike effectively, building a solid platform for England.

Captain Brook’s Explosive Century

Following Bethell’s dismissal, captain Harry Brook took charge. Brook scored a blistering 136* off 66 balls, hitting 11 fours and 9 sixes. His aggressive approach accelerated England’s innings and completely dismantled Sri Lanka’s bowling.

Joe Root’s Experience Shines

At the other end, Joe Root scored 111* off 108 balls, completing his 20th ODI century. Root’s calm, strategic batting complemented Brook’s aggression. In the final five overs, England added 88 runs, finishing at a massive 357/3 in 50 overs.

Sri Lanka’s Fast Start and Growing Pressure

Opener Pathum Nissanka’s Fifty

Chasing 358, Sri Lanka started aggressively. Opener Pathum Nissanka reached a quick fifty in just 25 balls, putting England under early pressure. However, within the powerplay, Sri Lanka lost three crucial wickets, increasing the chase’s difficulty.

Pawan Rathnayake’s First ODI Century

Pawan Rathnayake anchored the innings with a resilient 121 off 115 balls, including 12 fours and 1 six. Despite his heroics, lack of support from the other end and regular wicket losses increased pressure on the team.

England’s Bowlers Turn the Game

In the death overs, England’s bowlers executed perfect line and length, shifting the match momentum. Jamie Overton, Will Jacks, Adil Rashid, and Liam Dawson took two wickets each, putting Sri Lanka on the back foot.

Sri Lanka was bowled out for 304 in 46.4 overs, handing England a 53-run victory in the decisive match.

Sri Lanka’s Long Home Unbeaten Streak Ends

With this defeat, Sri Lanka lost a home ODI series for the first time since 2021. Prior to this, they had maintained an unbeaten streak in 12 consecutive home ODI series. Their last home series loss came against India in July 2021, when India won 2-1.

Confidence-Boosting Win for England

This series win was more than just a victory; it showcased England’s balance, strategy, and mental strength. Joe Root’s consistency, Harry Brook’s aggressive captaincy, and precise bowling demonstrated the team’s readiness for high-pressure situations.

This performance will boost England’s confidence and provide a strong platform for future tours and series.

Conclusion

England’s dominance in the third ODI, powered by Joe Root and Harry Brook’s brilliant centuries, helped them defeat Sri Lanka and win the series 2-1. Sri Lanka’s home ground advantage could not save them, marking a historic defeat. England’s strategy, experience, and team balance were on full display, making this a landmark victory in their tour.

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