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Sensex, Nifty trade rangebound; Nifty PSU Bank top loser
Wed, Feb 14, 2018
The domestic market opened higher on Wednesday even as Asian markets were trading mixed as investor nerves were strained ahead of a US inflation report that could soothe, or inflame, fears of faster rate hikes globally.
Sensex, Nifty at record highs ahead of Economic Survey 2018
Mon, Jan 29, 2018
The Economic Survey is the ministry's view on the annual economic development of the country, and will set the tone for the Budget 2018, to be unveiled on February 1.
Markets end at fresh peak! Nifty settles above 11,000, Sensex at 36,139
Tue, Jan 23, 2018
Gains in global markets after US lawmakers passed a short-term measure to fund the federal government through Feb. 8, ending a three-day government shutdown, also boosted investor sentiment.
India not to sell Cairn Energy shares to recover tax
Sun, Nov 19, 2017
Cairn Energy holds 4.95% stake in Vedanta Ltd that the income tax department had attached in January 2014 after slapping the British firm with a Rs 10,247-crore tax demand over a decade-old internal reorganisation of Indian business.
Vedanta's Q4 consolidated net profit at Rs 2,989 crore
Tue, May 16, 2017
Vedanta`s consolidated revenue during the quarter under review rose by 41 per cent to Rs 22,371 crore from Rs 15,828 crore earned during Q4 of FY16.
Vedanta completes Cairn merger
Tue, Apr 11, 2017
In July last year, Vedanta had sweetened its merger proposal to win over minority shareholders like LIC.
Vedanta announces Rs 6,580 crore dividend payout
Thu, Mar 30, 2017
The board of directors of the company have also approved the second interim dividend of Rs 17.70 per equity share i.E. 1,770 per cent on face value of Re1 per share for the financial year 2016-17, the company said.
Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger
Thu, Mar 23, 2017
Vedanta in a BSE filing said, “The National Company Law Tribunal has approved the scheme of arrangement between Vedanta and Cairn India, and their respective shareholders and creditors ('Scheme').
Hindustan Zinc surges over 3% in early trade after board announces to pay special one-time interim dividend
Thu, Mar 23, 2017
The stock of Hindustan Zinc traded up 3.32% to Rs 322.00 in early trade on Thursday as compared to its previous close of Rs 311.75 on the BSE.
Cairn liable to pay Rs 10,247 crore capital gains tax: ITAT
Sat, Mar 11, 2017
The tribunal also said that Cairn India should have withheld tax on capital gains made by its parent company.
Vedanta to invest $10 billion on expanding business
Sun, Feb 19, 2017
"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.
Vedanta net leaps 353% in Q3 FY17 to Rs 1,866 crore
Tue, Feb 14, 2017
Tom Albanese, Chief Executive Officer, Vedanta Limited, said: “Volume ramp-up and cost efficiency across our operations, aided by higher commodity prices, have significantly driven up EBITDA y-o-y. Our financial position remains robust and we continue to strengthen our balance sheet by maximising free cash flow and reducing debt."
Government seeks up to $2.2 billion dividend from Hindustan Zinc: Sources
Tue, Jan 17, 2017
India is seeking a dividend of up to $2.2 billion (nearly Rs 14,636.1 crore) from partly state-owned Hindustan Zinc Ltd (HZL), three people with knowledge of the matter said, as New Delhi targets a boom in the base metal to help shore up crumbling public finances.
India gets six more weeks to respond to Cairn Energy arbitration
Sun, Nov 20, 2016
Its counsel argued that the government wants the arbitration initiated by Vedanta to be taken up first.
Metals, oil and gas give most returns this year so far
Thu, Nov 03, 2016
Metal stocks have grown by 39% since January and 63% from the February 2016 lows. Oil and gas stocks have risen by 28%, followed by auto with a growth of 19% and banking with 15% increase.
Vedanta gets board approval to issue NCDs worth Rs 1,250 crore; stock up 2.16%
Wed, Oct 05, 2016
Vedanta announced on Wednesday that the company has received its board approval to raise up to Rs 1,250 crore funds via issue of non-convertible debentures (NCDs).
Vedanta extends maternity leave to 6 months
Wed, Sep 28, 2016
Following the Maternity Benefits (Amendment) Bill 2016 that was passed by the Rajya Sabha (Upper House) in August this year which will be a law soon, Vedanta Ltd has announced on Wednesday to implement maternity leave of 26 weeks
Cairn India shareholders approve merger with Vedanta
Mon, Sep 12, 2016
The Bombay High Court had passed an order in July asking the company to have a meeting of equity shareholders with regards to the decision to merge Cairn India with Vedanta.
Watch top 5 stories of the day; From attack in Munich to EPFO subscribers likely to get cheaper home loans soon
Sat, Jul 23, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Munich attack: 10 killed in 'Shooting Rampage'
Vedanta, Cairn India announce revised terms for the merger
Fri, Jul 22, 2016
The pro-forma ownership in Vedanta Ltd will now be where Vedanta Ltd shareholders have 79.8% and Cairn India shareholders own 20.2%.