Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Steel Exchange receives APCRDA approval for its flagship SIMHADRI TMT products
For use in ongoing construction works under Amaravati Capital City development program
Vedanta group's 4 demerged businesses set for stock market debut on June 15
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...
NSE inks pact with Steel Users Federation to develop steel derivatives market
The National Stock Exchange of India and the Steel Users Federation of India have partnered. This collaboration aims to build a robust derivatives market for steel in India. The initiative will offer steel industry participants a way to manage price risks. This will lead to better price discovery and hedging for the domestic steel value chain.
Tata Steel, JSW Steel among top Nifty losers; metal index tumbles over 4% as US-Iran war stokes fears
The broader sell-off in metal stocks came even as aluminium prices surged globally amid supply disruption concerns linked to the escalating Iran conflict. Aluminium on the London Metal Exchange rose after Qatar-based producer Qatalum halted production.
Premji Invest owned-PI Opportunities AIF buys Rs 102 crore worth Vedanta Iron and Steel shares
Vedanta Iron and Steel stock finished at Rs 21.06 on the National Stock Exchange, and at Rs 21.05 on the BSE.