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March 28, 2023 11:25 AM IST Sterlite's lawyer notes that the copper plant is getting junked due to prolonged closure
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March 26, 2023 05:55 PM IST The mining tycoon’s Vedanta Resources has close to $2 billion of bonds to settle in 2024 — half of which is due in January.
- March 24, 2023 10:55 AM IST
The stock was down over 20% in February while so far in March after huge volatility it is up just 2.6%.
- March 24, 2023 08:06 AM IST
In this episode of Market Minutes, Shailaja Mohapatra talks about Hindenburg's latest victim - Block, Accenture's earnings impact on Indian IT services firms, Vedanta's dividend plans and what it means for the holding company, and a likely block deal in Campus Activewear. Also catch Sameer Shah of Godrej Consumer Products share his views on growth initiatives, margin trajectory and El Nino impact. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
- March 28, 2023 06:26 AM IST
Meanwhile shares of Vedanta on Thursday (March 23) closed 4.87 percent lower at Rs 271.35 apiece
- March 23, 2023 04:19 PM IST
The market snaps a two-day winning streak as 1,424 shares advance, 19,89 decline and 125 shares remain unchanged
- March 23, 2023 10:50 AM IST
Vedanta’s shares have fallen about 32% in the last 12 months, giving it a market value of about $12.6 billion. A 5% stake is worth about $630 million.
- March 23, 2023 11:40 AM IST
During Thursday's early trading session, Vedanta's shares dropped by up to 6% on the BSE.
- March 20, 2023 03:49 PM IST
The company aims to double its share in India's domestic oil production to 50 percent and hopes that the Indian government will reconsider the windfall tax on oil.
- March 16, 2023 04:25 PM IST
The company had earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.
- March 16, 2023 01:44 PM IST
Omar Davis will work closely with Vedanta chairman Agarwal to lead the Group's strategic initiatives and will be based out of the group's London office.
- March 16, 2023 12:03 PM IST
As the credit market tightens, banks are talking tough about a $1-billion loan to the mines and minerals giant, a report has said. To lower the asking rate, THL Zinc Ventures, a subsidiary of Vedanta Ltd, is negotiating with a clutch of global lenders
- March 15, 2023 01:53 PM IST
Vedanta Resources Ltd has earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.
- March 13, 2023 09:44 AM IST
The Indian government may put a plan to sell part of its stake in Hindustan Zinc on hold unless the company calls off the nearly $3 billion cash acquisition of two Vedanta Group subsidiaries, as per a news report.
- March 12, 2023 12:35 PM IST
The government currently holds a 29.54 per cent stake in HZL, while a 5.54 per cent stake is with public shareholders.
- March 08, 2023 02:26 PM IST
Although Anil Agarwal used the example of 'Holika dahan' as a sign of the victory of good over evil, the businessman has been experiencing troubled waters after the Centre opposed Vedanta's deal with Hindustan Zinc (HZL) to sell its international zinc assets.
- March 06, 2023 12:22 PM IST
A round-up of top stories on Moneycontrol this afternoon.
- March 06, 2023 08:33 AM IST
Agarwal said that he wants to double the size of Hindustan Zinc and that the South African assets are profitable one and will help HZL grow robustly.
- March 03, 2023 12:33 PM IST
Vedanta last month slashed net debt by $2 billion in the current financial year as it seeks to soothe investor concern over its liquidity
- March 01, 2023 06:16 PM IST
Duggad is overweight on the sector given its underperformance in the last five years. He is betting on stocks like Mahindra &Mahindra, Tata Motors and Maruti Suzuki
- March 01, 2023 08:18 AM IST
FIIs are now 85 percent net short on Nifty futures, meaning 85 out of 100 open contracts on Nifty futures held by FIIs are a bet on the index heading lower
- February 28, 2023 09:28 PM IST
In a statement, the firm, which is the majority owner of Mumbai-listed mining and oil and gas company Vedanta Ltd, said it is in the advanced stage of finalization to tie up USD 1.75 billion through a combination of syndicate loan and bilateral bank facilities.
- March 01, 2023 06:06 AM IST
Vedanta to service its debt obligations through multiple options including refinancing and internal accrual-backed repayments.
- February 28, 2023 03:40 PM IST
Shares continued to slide for eighth day. Sentiments were jittery on earnings downgrades, rising interest rates, FII selling, and weak retail investor interest. Santosh Nair decoded the rout that's plaguing the Indian markets. Vedanta, Lemon Tree, Blue Star & Crompton Greaves Consumer Electricals also on the radar.
- February 28, 2023 11:35 AM IST
S&P Global Ratings has stated in a report that if Vedanta Resources is unable to advance either the $2 billion fundraising exercise or the sale of its international zinc assets to Hindustan Zinc Ltd in the near future, the company's credit rating will face immediate strain
