Vedanta to sell South Africa, Namibia mining units to Hindustan Zinc; stock surges
The company’s board approved the sale of the Zinc International business held by THL Zinc Ventures Ltd (THLZV), which is a wholly-owned subsidiary of Vedanta.
The company’s board approved the sale of the Zinc International business held by THL Zinc Ventures Ltd (THLZV), which is a wholly-owned subsidiary of Vedanta.
Anil Agarwal-led mining company has reported a 60.8% YoY decline in consolidated net profit at ₹1,808 crore for Q2 FY23, weighed down by lower commodity prices and rise in operating expenses
The company’s revenue from operations surged 20.5% at ₹36,237 crore in the September quarter, as compared to ₹30,048 in the same period last year.
Vedanta joined hands with Taiwanese manufacturing giant Foxconn to manufacture semiconductors with $19.5 billion investment.
The Sensex and Nifty are poised to open flat to higher on Monday, tracking mixed cues from Asian peers as investors prepare for a rate hike from the U.S. Fed.
Vedanta has clarified that the proposed business of manufacturing semiconductors will be undertaken by its holding company, Volcan Investments.
Tatas, too, in talks with Taiwanese electronics giant Wistron to make Apple iPhones. Developments could pave way for large-scale electronics manufacturing in India
The Sensex and Nifty are poised to rise, in line with global peers and strong trends on SGX Nifty futures.
The Sensex and Nifty are headed for a strong opening on Thursday, following strong cues from Asian peers and strong finish at Wall Street overnight.
The Sensex and Nifty are headed for a strong opening on Wednesday, following a rally in Asia and positive closing on Wall Street overnight as robust earnings eased rate hike concerns.