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Indian firms raise bumper funds from equity market in 2024, set new records  The year 2024 has been a historic one for the Indian stock market. Corporates raised bumper funds from investors through initial public offerings (IPOs), follow-on public offers (FPOs), qualified institutional placements (QIPs) and rights issues, and set several new records.  In 2024, domestic companies raised Rs 1.64 lakh crore through 90 IPOs. During this period, shares worth Rs 1.39 lakh crore were sold to institutional investors. This is the highest figure ever for raisin...
Indian firms raise bumper funds from equity market in 2024, set new records
Indian firms raise bumper funds from equity market in 2024, set new records
Source: IANS
2024-12-24 03:31:44 pm
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks Vedanta is currently trading at Rs. 458.15, up by 0.35 points or 0.08% from its previous closing of Rs. 457.80 on the BSE. The scrip opened at Rs. 461.50 and has touched a high and low of Rs. 467.70 and Rs. 453.50 respectively. So far 711646 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 523.60 on 30-Sep-2024 and a 52 week low of Rs. 230.65 on 30-Nov-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks
Vedanta edges higher on emerging as preferred bidder for critical mineral blocks
Source: Accord Fintech
2024-11-08 04:23:37 pm
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers After Adani Power, which submitted a bid of Rs 12,500 crore for the acquisition of the KSK Mahanadi Power plant in Chhattisgarh, other bidders have revised their offers upwards and the final number could be much higher, according to reports.   Following the implementation of the Committee of Creditors (CoC) Challenge Mechanism, lenders to the distressed power plant are now hopeful of a full recovery from the non-performing asset, an extremely rare feat in the Insolvency and Bankruptcy...
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers
Adani Power`s bid for KSK Mahanadi Power forces other bidders to raise offers
Source: IANS
2024-10-26 09:39:45 am
Metal stocks zoom after China announces stimulus for struggling economy Metal stocks zoomed on the BSE after China announced stimulus for its struggling economy. People’s Bank of China (PBOC) China's central bank said it will cut the reserve requirement ratio (RRR) for banks by 50 basis points or half a percentage point. Additionally, the central bank will lower the seven-day reverse repurchase rate to 1.5% from 1.7%.  Tata Steel is currently trading at Rs. 160.20, up by 6.25 points or 4.06% from its previous closing of Rs. 153.95 on the BSE. ...
Metal stocks zoom after China announces stimulus for struggling economy
Metal stocks zoom after China announces stimulus for struggling economy
Source: Accord Fintech
2024-09-24 02:27:28 pm
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand Indian metals-to-oil conglomerate Vedanta plans to step up nickel and nickel sulphate production and tap rising demand for EV battery materials in countries in northeast Asia, the company said on Thursday. "Vedanta Nico plans to expand its capacity for nickel and nickel sulphate production going forward," the company said in an emailed statement to Reuters, referring to its business unit. The company did not give details about production figures and investment numbers. Unli...
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand
India`s Vedanta plans to expand nickel sulphate production, to tap overseas demand
Source: Reuters
2024-09-12 01:58:41 pm
Indian miner Vedanta tops Q1 profit estimates on higher aluminium, zinc prices Indian mining group Vedanta's reported a bigger-than-expected first-quarter profit on Tuesday, reflecting higher prices of aluminium and zinc, its biggest two businesses. The conglomerate, led by billionaire Anil Agarwal, said its consolidated net profit surged 37% to 36.06 billion rupees (around $430 million). Analysts on average were expecting a profit of 24.83 billion rupees, as per LSEG data. During the quarter, global prices of base metals including zinc and aluminium rose a...
Indian miner Vedanta tops Q1 profit estimates on higher aluminium, zinc prices
Indian miner Vedanta tops Q1 profit estimates on higher aluminium, zinc prices
Source: Reuters
2024-08-06 05:13:16 pm
Vedanta surges on getting nod to raise up to Rs 1,000 crore through NCDs Vedanta is currently trading at Rs. 449.60, up by 1.95 points or 0.44% from its previous closing of Rs. 447.65 on the BSE. The scrip opened at Rs. 450.20 and has touched a high and low of Rs. 454.30 and Rs. 445.15 respectively. So far 351536 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 506.85 on 22-May-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023. Last one week high and low of the scrip stood at Rs. 47...
Vedanta surges on getting nod to raise up to Rs 1,000 crore through NCDs
Vedanta surges on getting nod to raise up to Rs 1,000 crore through NCDs
Source: IANS
2024-07-12 03:55:10 pm
Vedanta's parent to sell 2.6% stake in Indian miner in about-turn Vedanta Resources will sell a 2.6% stake in Indian metals-to-oil firm Vedanta to a group of institutional investors, the former said in a statement on Wednesday. The move marks an about-turn from a week ago when Vedanta Chairman Anil Agarwal said there were no plans for a stake sale by the company's controlling shareholders. Vedanta Resources will sell the stake through its unit Finsider International, which held a 2.63% stake in Mumbai-listed Vedanta as of March-end, according to e...
Vedanta's parent to sell 2.6% stake in Indian miner in about-turn
Vedanta's parent to sell 2.6% stake in Indian miner in about-turn
Source: Reuters
2024-06-26 03:24:40 pm
Coal India, NMDC exploring lithium mines overseas, mines secretary says State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh , to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governm...
Coal India, NMDC exploring lithium mines overseas, mines secretary says
Coal India, NMDC exploring lithium mines overseas, mines secretary says
Source: Reuters
2024-05-15 12:44:49 pm
Real estate, metal stocks lead sectoral gainers Real estate stocks are the top sectoral gainers on Monday with the index up more than 3 per cent. The BSE Real Estate Index is up 3.86 per cent led by Prestige Estates which is up almost 7 per cent. DLF is up more than 5 per cent, Sobha is up more than 5 per cent, and Lodha is up more than 3 per cent. Prestige Estates was up almost 7 per cent after it announced a strategic deal with the Abu Dhabi Investment Authority (ADIA) and Kotak AIF. The Rs 2,001 crore ($240 million) deal is dedica...
Real estate, metal stocks lead sectoral gainers
Real estate, metal stocks lead sectoral gainers
Source: IANS
2024-04-01 03:17:20 pm
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-03-01 09:31:18 am
India`s Hindustan Zinc posts fifth straight quarterly profit fall in Q3 Indian miner Hindustan Zinc reported its fifth consecutive decline in quarterly profit on Friday, dragged by lower zinc prices and sales. Still, the 6% profit drop is the smallest since it first reported a fall in profit in the third quarter of last year. Shares of the company rose as much as 3.7% after its results. The company's largest revenue-generating segment, zinc, remains under pressure mainly due to supply-demand imbalances, inflationary pressures and geopolitical issues in ...
India`s Hindustan Zinc posts fifth straight quarterly profit fall in Q3
India`s Hindustan Zinc posts fifth straight quarterly profit fall in Q3
Source: Reuters
2024-01-19 02:47:09 pm
India`s Vedanta finance chief Sonal Shrivastava resigns India's Vedanta on Tuesday said Chief Financial Officer (CFO) Sonal Shrivastava has resigned amid a major structural overhaul announced last month.Ajay Goel, incumbent CFO at Indian edtech startup Byju's, will return as Vedanta's finance chief effective Oct. 30, the company said in a statement.Billionaire Anil Agarwal-led Vedanta announced plans to carve the metals-to-oil conglomerate into six separate businesses last month, a move aimed at shoring up the group's financial performance after e...
India`s Vedanta finance chief Sonal Shrivastava resigns
India`s Vedanta finance chief Sonal Shrivastava resigns
Source: Reuters
2023-10-24 11:03:38 am
Vedanta invites Japanese companies to partner in India's electronics manufacturing revolution The state government of Gujarat, in a strategic move aimed at fostering collaboration and investment prospects between Japan and India, invited Vedanta to the roadshow targeting Japan?s major electronics players, ahead of the 10th Vibrant Gujarat Global Summit.Vedanta, a global natural resources and technology conglomerate, highlighted the tremendous investment opportunities in India, especially in Gujarat, and urged Japanese companies to partner in India?s electronics manufacturing revolutio...
Vedanta invites Japanese companies to partner in India's electronics manufacturing revolution
Vedanta invites Japanese companies to partner in India's electronics manufacturing revolution
Source: IANS
2023-10-17 02:13:27 pm
Vedanta zooms on incorporating wholly owned subsidiary Vedanta is currently trading at Rs. 228.25, up by 6.10 points or 2.75% from its previous closing of Rs. 222.15 on the BSE.The scrip opened at Rs. 222.15 and has touched a high and low of Rs. 229.90 and Rs. 222.15 respectively. So far 804545 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 207.85 on 28-Sep-2023.Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 217.20 ...
Vedanta zooms on incorporating wholly owned subsidiary
Vedanta zooms on incorporating wholly owned subsidiary
Source: Accord Fintech
2023-10-11 02:33:04 pm
India`s Vedanta will complete sale of steel assets by March- chairman to CNBC-TV1 India's Vedanta Ltd will complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC-TV18 channel on Tuesday.The company in June began the review of its steel and steel raw material business.
India`s Vedanta will complete sale of steel assets by March- chairman to CNBC-TV1
India`s Vedanta will complete sale of steel assets by March- chairman to CNBC-TV1
Source: Reuters
2023-10-03 02:33:10 pm