The FinTech Hub
Source: Live Mint Mining giant Vedanta-owned firm, Hindustan Zinc received an official penalty notice from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) over non-compliance of the number of independent directors on the firm’s board, according to an exchange filing. “The Company has received a Notice from BSE Limited and National Stock…
Source: Live Mint Shares of metal and mining major Vedanta gained over 3% in trade on Tuesday, March 18, after Chairman Anil Agarwal projected strong growth potential for its demerged entities. Agarwal in a letter to the shareholders said that each of the four newly-demerged companies has the potential to grow into a $100 billion…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. IndusInd Bank Moody’s Investors Service has affirmed IndusInd Bank’s long-term foreign currency deposit rating at Ba1 with a stable outlook. However, the agency has placed the bank’s Baseline Credit Assessment (BCA) under review for a possible downgrade due…
Source: Live Mint Vedanta Ltd., a leading private-sector mining giant last week secured approval from its shareholders and creditors to proceed with its much-anticipated demerger plan. The restructuring will result in the creation of five independent, sector-specific entities and the management expects the demerger process to be finalized by the first quarter of the financial…
Source: Live Mint Shares of Vedanta Limited fell on February 18 as shareholders and creditors prepared to meet regarding the company’s proposed demerger. Read Full Article
Source: Live Mint Nifty 50 on 30 December: Recap Benchmark indices fell on the penultimate trading day of 2024, dragged down by losses in banking stocks amid weak global cues. Most global markets traded weak as elevated US treasury yields and the prospect of fewer US rate cuts than earlier anticipated weighed on sentiment. Nifty…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vedanta: The board of Anil Agarwal-owned Vedanta has approved its fourth interim dividend of ₹8.5 per share. The announcement was made after market hours on Monday, December 16. Earlier, on December 12, Vedanta had notified the stock exchanges…
Source: Live Mint The board of metals and mining major Vedanta Limited at its meeting held on Monday, December 16 approved an interim dividend of ₹8.5 per equity share. This is the fourth interim dividend by the company for the financial year 2024-25 (FY25). Board of Directors of Vedanta Limited, at its meeting held today…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vedanta: Vedanta is set to invest $2 billion in Saudi Arabia to establish copper-processing facilities, aligning with the kingdom’s goal to become a global mining and metals hub. The investment will fund a smelter and refinery with an…
Source: Live Mint Metal stocks: The recent surge in alumina prices has brought increased attention to metal stocks such as Vedanta, National Aluminium Company (NALCO), Hindalco Industries, Arfin India, Century Extrusions, Maan Aluminium, and MMP Industries. An increase in alumina prices usually translates into an increase in aluminium prices eating away the profits generated by…
