Latest Updates Around The World
India’s Vedanta will raise 30 billion rupees ($329.89 million) through the sale of shorter-dated bonds before the end of March in its second bond issuance of the current fiscal year, two sources aware of the matter said on Wednesday.The metal-to-oil conglomerate will likely sell two-year or three-year bonds, or a combination of both, the sources […]
Mumbai: Debt capital market (DCM) heads expect a sharp rise in foreign borrowings from domestic companies, including some top government banks, over the next two quarters as the trade deal with India improves investor sentiment towards these companies in what is expected to be a softer global interest rate regime.Bankers said several issuers who stayed […]
Shares of Hindustan Zinc have fallen 2% in the past two trading sessions even as silver prices rose sharply to hit a new all-time high of Rs 4 lakh, highlighting the disconnect between commodity prices and stock performance. The stock’s weakness is not related to fundamentals or operational concerns but is mainly driven by promoter […]
Hindustan Zinc’s Offer for Sale (OFS) saw strong interest from institutional investors on the first day of the offering with 142.02% subscribed to the non-retail portion, reflecting healthy demand at the price levels offered.The OFS, launched by promoter Vedanta, opened for non-retail investors on Wednesday. The issue is being offered at a floor price of […]
A dramatic tripling in silver prices over the past year has propelled Hindustan Zinc Ltd to the top of India’s metals pack in terms of market capitalization. The rally has boosted the company’s valuation to around Rs 3.2 lakh crore, helping it overtake several major competitors, including its parent company, Anil Agarwal-led Vedanta.Shares of Hindustan […]
Shares of Hindustan Zinc (HZL) will be trading on Tuesday after the company reported its highest ever sales and profit growth in the December quarter, supported by 4% year-on-year growth in mined metal production. The consolidated net profit of the Vedanta business rose 46% to Rs 3,916 crore, compared to Rs 2,678 crore in the […]
IT services company LTIMindtree on Monday reported an 11% decline in consolidated net profit for the December quarter to Rs 971 crore, compared to Rs 1,085 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the company.However, excluding the one-time impact of the new labor law, […]
The Indian market ended higher on Friday, with the Sensex and Nifty rising decisively, after a strong earnings surprise from Infosys reignited risk appetite and pulled heavyweight IT stocks sharply higher, among other factors. The rally pushed the Sensex and Nifty to new intraday highs, overturning recent caution and setting a bullish tone for the […]
After a quiet week, Indian markets traded in the green on Friday as investors were cautiously optimistic for next week. CA Rudramurthy BV, MD, Vachana Investments shared his insights on Nifty, Bank Nifty and sector-specific opportunities, and urged traders to focus on capital protection in the current bandwidth-constrained environment.Nifty and Bank Nifty levels Rudramurthy identified […]
Vedanta shares on Thursday broke their four-day winning streak, down almost 2%, amid heavy trading volumes, even as the stock had risen sharply in recent sessions. The scrip had risen almost 12% in the last four trading days, reaching Rs 675.70 in the previous session before taking profits in today’s trading.The stock fell 1.69% on […]
