According to persons familiar with the situation, Indian entrepreneur Anil Agarwal is researching measures to reduce the enormous debt load weighing down his commodities business empire, including selling a minority investment in Vedanta Ltd. Those who spoke on the condition of anonymity because the information is confidential stated that Agarwal is considering the prospect of…
BENGALURU: After a Bloomberg story that the Indian tycoon was considering selling less than 5% of the business, Vedanta Ltd, which is owned by billionaire Anil Agarwal, claimed on Thursday that any talk of a stake sale in the big mining company was “untrue and false.”After the report, Vedanta’s stock price dropped as much as…
Demerger of Shipping Corporation of India: Early morning trading today saw a rise in the price of SCI shares. Today’s opening bell saw the share price of Shipping Corporation of India climb, and within a short period of time after the stock market began, it reached an intraday high of 139.35 rupees per share on…
World market update: Tuesday’s US stock market closed higher despite tight range trading in US stock futures throughout the FOMC meeting. The US dollar and US bond yield have decreased in early morning deals as the market is buzzing with today’s FOMC meeting’s 25 basis point rate hike. WTI crude oil is down 0.42 percent…
Shares of dividend stock: Hindustan Zinc Ltd. would consider paying a fourth interim dividend in the fiscal year 2022–2023 after previously paying three interim dividends totaling 49.50 per share with a 15.50% dividend yield. The company’s board of directors will discuss the request for an interim dividend payment at its meeting planned for today, March…
AHAN – I sold shares of Biocon in the open market on Friday, which resulted in a 9.04 percent decline in the company’s stock price. According to the NSE bulk sales data, AHAN-I sold 189,28,363 equity shares of the firm at an average price of 200.74. The transaction’s buyers are not immediately identified. The Indian…
Three sources told Reuters that Malaysia’s Petronas has made an offer of 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India’s largest power producer, NTPC. This is the first time a state-run company has made a deal like this. The offer price was more than the 30…
After falling for 5 days in a row, Indian markets made up some of their losses on Thursday, despite mixed signals from the rest of the world. This happened after the Swiss bank Credit Suisse announced its plan to raise liquidity. But Sensex and Nifty 50 ended up going a little bit up. The stocks…
World stock market update: The US stock market continued to trade weakly on Wednesday as concerns about a financial crisis in the US grew as the share price of Credit Suisse fell by nearly 24%. In early Thursday am trades, the dollar index recovered to 104 levels and maintained above the psychological levels. The price…
New Delhi: A sustained downturn in demand across important markets, such as the US and the European Union, was the main cause of India’s merchandise exports’ nearly 9% decrease in February, the third contraction in the current fiscal. Meanwhile, imports decreased in value for the third consecutive month as Indian importers cut down on their…
