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Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%
Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected to benefit from higher silver prices.
Hindustan Zinc, Vedanta rally up to 6% on huge volumes; here's why
The government today increased the import duty on gold and silver from 6 per cent to 15 per cent; analysts see this as a positive move for Hindustan Zinc.
Hindustan Zinc, Vedanta to NALCO: Metal stocks jump after India raises import duty in gold, silver, other metals
Metal stocks surged on May 13, driven by rising gold and silver prices after the government raised import duties on precious metals. Hindustan Zinc led the gains, with Nifty Metal climbing 1.3%. Gold and silver prices hit upper circuits, reflecting strong buying interest.
Will provide insurance to all vessels coming to or going from India: DFS Secretary Nagaraju
India has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Sugar, and Hoger Offshore are the first beneficiaries. The pool reduces reliance on foreign insurers. It offers financial protection against war perils and cargo risks. This move strengthens India's control over its maritime trade.
Buy, Sell Or Hold: Canara Bank, ABB India, L&T, Vedanta, HFCL, SBI, Sandur Manganese — Ask Profit
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Metal stocks shine in weak market: Hind Zinc, Vedanta up 4%; top picks here
Analysts said that the metal space is again a renewed strength after a healthy consolidation phase. They said that strong metal prices will help support or boost the company's profits going forward.
Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil
Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged entities.
ONGC, Oil India And Vedanta In Focus As India Cuts Onshore Crude Oil Royalty Rates
The government has reduced onshore crude oil royalty rates for nominated blocks and pre-NELP Production Sharing Contracts from 20% to 12.5%. Meanwhile, the royalty rate on New Well Gas has been reduced from 10% to 9%.
India must speed up domestic resource production amid global supply risks: Vedanta
Amid rising geopolitical tensions around the Strait of Hormuz and growing global competition for critical minerals, Vedanta Group has said India needs to accelerate domestic exploration and operationalise natural resource assets faster to reduce import dependence and strengthen long-term resource security.
Gainers & Losers: Paytm, Godrej Industries among 8 big stock movers on Thursday
Indian benchmark indices ended marginally lower amid weakness in FMCG, IT and PSU banking stocks. Paytm surged after reporting quarterly profit, while Godrej Industries, Hero MotoCorp, Tejas Networks and Vedanta gained.
Vedanta dividend: How the mega demerger will impact payout for 21 lakh shareholders?
Vedanta's mega demerger has spun off four new companies, impacting dividend payouts for its 21 lakh shareholders. While the parent company is expected to remain dividend-paying, its absolute dividend per share will likely decline. Investors will now need to assess each demerged entity's cash flow and growth plans for future income.
Rs 1 lakh to Rs 14 crore in 24 years! Hindustan Zinc delivers 1,400x returns since Vedanta’s purchase
Hindustan Zinc has delivered exceptional returns of 1,400 times since Vedanta acquired it in 2002. An initial investment of Rs 1 lakh has grown to Rs 14 crore over 24 years. The company's operational and financial performance has seen significant growth. Brokerages remain positive on its future prospects.