In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
The country's top 50 promoter families earned Rs 709.4 crore on average from their companies in FY22, while the median income of these promoters was Rs 123.2 crore in the last fiscal
High input costs leading to margin pressure, lower-than-expected realisations are among downside risks
At 10:36 am; Nifty Metal index was the top gainer among sectoral indices, up 4.4 per cent, as compared to 1.3 per cent rise in the Nifty50 index.
'Government-listed companies can see their market cap go up five times if they are either corporatised or privatised', said Agarwal
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
The conglomerate is diversifying into chip manufacturing by forming a joint venture with Taiwan's Foxconn.
The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data
Vedanta has told state governments that its operations would help them generate $2.2 billion in tax revenues over 20 years and create up to 100,000 direct and indirect jobs, said the first source
Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.
Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Agarwal termed the signing up of the pact with Foxconn as a "very big job", and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country. This is also the second attempt of Vedanta to enter the semiconductor space after its earlier plan to set up a display unit with about Rs 60,000 crore investment could not take off. Agarwal was speaking at the 7th National Leadership Conclave. According to the memorandum of
The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.
Cairn's plan stands out compared to producers around the world, most of whom are staying away from committing investments in oil and gas
While Nifty Metal index is just 140 points short of a new historic peak, Vedanta shares gracefully achieved it today
In the past one week, Vedanta has outperformed the market by gaining 12 per cent on higher commodity prices including crude oil and metals as tensions between Russia and Ukraine flared up
Vedanta's aluminium business, which has not been impacted majorly by COVID-19, would focus on backward integration in the next fiscal and would bring into production two of its mines in Odisha to provide raw material security for its plants, a top official of the company said.
CRISIL improved its rating on Vedanta Ltd. on account of stronger than expected operating profitability due to high commodity prices in FY22.
While Blue Star record a new 52-week high, RHI Magnesia India hit a new all-time high in February
Debt maturities to stay elevated in Fy23; Fy24