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Vedanta Power, Oil & Gas shares fall 3%; Vedanta Aluminium, Iron & Steel jump up to 5%. What lies ahead?
Vedanta's demerger saw mixed fortunes for its listed entities. While Vedanta Power and Oil & Gas shares dipped, Vedanta Aluminium and Iron & Steel surged, with the latter showing significant gains post-listing. Analysts are bullish on Vedanta Aluminium, citing strong global demand and operational strengths, with multiple brokerages initiating 'Buy' ratings and projecting substantial upside.
Adani AGM 2026 Live: Gautam Adani Announces Big Workforce, Healthcare And Education Push At AGM
Adani AGM 2026 Live: Gautam Adani addresses shareholders today. Track live updates, key announcements, growth plans, capex guidance, debt outlook and major takeaways from the Adani Group AGM.
Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors
Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC's CMD resigned.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Hindustan Zinc shares drop 5% amid slump in global silver prices
Hindustan Zinc shares fell 5% amid declining global silver prices, reaching an intraday low of ₹544. Concerns over inflation and potential rate hikes persist as investors assess the US economic outlook and upcoming PCE data.
Vedanta Aluminium Metal to double production capacity to 60 LTPA
Vedanta Aluminium Metal Ltd, now a listed entity, plans to double its production capacity to 60 lakh tonnes per annum. This expansion aims to meet surging demand from infrastructure, automotive, and electrification sectors. With existing facilities in Odisha and Chhattisgarh, and significant captive resources, the company is set to become a global leader in low-cost, high-quality aluminium production, serving over 60 countries.
Vedanta Aluminium Metal to double production capacity to 60 LTPA
Vedanta Aluminium Metal plans to double capacity to 60 lakh tonnes, after NSE and BSE listing, targeting global growth in infra, auto and electrification.
ArcelorMittal partners with AWS to automate global operations
Steel giant ArcelorMittal is joining forces with Amazon Web Services (AWS) to revolutionize its global operations. By integrating AWS's cloud and AI capabilities, the company aims to enhance safety, improve asset reliability, and boost energy efficiency across its manufacturing processes. This strategic partnership will leverage advanced technologies like industrial IoT and machine learning to enable predictive maintenance and optimize production, marking a significant step towards digitally enabled, sustainable steelmaking.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
India to lead next phase of global steel demand, says Lakshmi Mittal
India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.
India poised to drive next wave of global steel demand, says Lakshmi Mittal
India is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition investments will drive this expansion. ArcelorMittal's Executive Chairman, Lakshmi Mittal, highlighted India's emerging role, comparing it to China's past growth. The company's 20th anniversary marks a new phase for the steel industry.
Rajdarshan Industries Ltd leads losers in 'B' group
TV Vision Ltd, Saraswati Commercial (India) Ltd, Khandwala Securities Ltd and Varvee Global Ltd are among the other losers in the BSE's 'B' group today, 18 June 2026.