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Source: Live Mint Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to June-July. Speaking with PTI, Vedanta CFO Ajay Goel said, “We are on track to finish (the…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vedanta, Adani Power, IOC, Varun Beverages Vedanta, Adani Power, IOC, and Varun Beverages will be in focus today as they are set to release their fourth-quarter earnings. Bajaj Finance India’s leading non-banking financial company, Bajaj Finance, on Tuesday…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Bajaj Finance reported a strong performance for the fourth quarter of FY25, with its assets under management (AUM) rising 26 percent year-on-year to ₹4.17 lakh crore as of March 31, 2025. The company added approximately ₹18,700 crore to…
Source: Live Mint Vedanta Demerger: Vedanta Ltd. has extended the deadline to complete its planned demerger from March 31 to September 30, citing pending approvals from the National Company Law Tribunal (NCLT) and other government authorities, the company informed in an exchange filing on Friday, March 28. According to billionaire industrialist Anil Agarwal-led metals-to-mining conglomerate,…
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…
