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ED investigates Vedanta Group for FEMA violations
A Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage," the spokesperson said. -Our Bureau
Vedanta premises see Enforcement Directorate search operations; Stock falls
In an exclusive interaction with CNBC-TV18 last month, Vedanta Group Chairman Anil Agarwal said that all the other demerged entities will begin trading as independent entities by the end of June.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Vedanta demerger: What recent large demergers of Tata Motors, ITC and others tell us about possible listing timeline?
Vedanta's mega demerger has created four new entities, with investors eagerly awaiting their stock market listings. Drawing parallels from recent large demergers like Tata Motors and ITC Hotels, these new companies could see listings ranging from three weeks to several months, depending on regulatory hurdles and operational progress. Analysts suggest Vedanta's demerged units might list within 4-8 weeks.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Vedanta demerger: Do you have the unlisted shares in your demat account? Here’s all you need to know
Vedanta's recent demerger has resulted in four new unlisted companies added to shareholders' demat accounts. These entities are expected to list and commence trading on BSE and NSE by mid-June, following regulatory approvals. Investors are now awaiting the market debut of these spun-off businesses.
Deven Choksey cautious on jewellery, gold finance and paint stocks
Deven Choksey of DRChoksey Finserv remains cautious on jewellery, gold finance and paint stocks despite strong demand trends. He believes jewellery and gold finance companies are largely fully priced after a strong run and investors should wait for better entry points after meaningful corrections. On paint companies, Choksey expects competitive and cost pressures to remain high for now. He sees potential in selective midcaps such as Tata Technologies and some real estate names. Choksey also sees Hindustan Zinc and Vedanta benefiting from higher silver prices. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Indian Hotels among 5 F&O stocks with a sharp rise in futures open interest
Five NSE F&O stocks, Kaynes Technology, Vedanta, Indian Hotels, Wipro and KPIT Technologies, recorded sharp futures open interest gains on May 12, signalling heightened trader participation, fresh positions and derivatives market activity.
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.
Vedanta share price falls after discovery session for demerger adjustment - All you need to know
Brokerage firm Nuvama now values the consolidated Vedanta Ltd. at ₹936 per share before the demerger. Of which, the ex-demerger Vedanta Ltd. is valued at ₹336 per share, the stake in Hindustan Zinc is valued at ₹317 apiece, while the base metals and other businesses is valued at ₹19 per share.
Q4 Results Highlights: Indegene profit falls 32%, RPG Life revenue up 24%
Q4 Results Highlights: Major companies including Bajaj Finance, Adani Power, Vedanta, MOIL, Mphasis, Navin Fluorine, Waaree Energies and Bandhan Bank reported their Q4 earnings on Wednesday, while a host of financial, energy and midcap firms also announced results, keeping markets active ahead of a holiday-shortened week.
Mint Explainer | Vedanta F&O contracts expire today ahead of demerger. What happens next?
Vedanta Ltd is restructuring into five independent companies. This move, aimed at value unlocking, will disrupt the derivatives market temporarily, with all futures and options contracts expiring on April 29.