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The Latest Breaking News from Vedanta

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

The Economic Times

Stocks in news: Lenskart, GNG Electronics, Vedanta, Infosys, RIL

Markets closed lower on weekly expiry day amid weak global cues, with selling pressure on every rise. Block deals in GNG Electronics and Lenskart, Vedanta's demerger, Infosys's CMMI AIM Framework contribution, and RIL's interest in rare-earth minerals were key developments. Analysts eye 23,000 as a crucial support level.

The Economic Times

Vedanta demerger: Four spin-off companies list on exchanges on June 15

Vedanta’s four demerged businesses will begin trading on June 15, completing a major corporate restructuring. The listings will enable market-driven price discovery, help unlock shareholder value and allow each standalone company to pursue sector-specific growth opportunities independently.

The Economic Times

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Reliance, Vedanta, Adani join India's drive to cut China rare earth dependence, sources say

Indian conglomerates Reliance, Vedanta, and Adani are among ten companies expressing interest in developing rare-earth processing facilities in Andhra Pradesh. This move aligns with New Delhi's strategy to reduce reliance on China for these critical minerals, essential for electric vehicle motors and other high-tech applications.

The Economic Times

Stocks in news: Emcure Pharma, Dixon Technologies, Ajanta Pharma, Godrej Properties, Vedanta

Indian markets experienced a volatile session, closing higher amidst mixed signals. Bulls are defending the 23,000 level in Nifty, but uncertainty persists due to mixed heavyweight stock trends. Investors are advised to focus on stock-specific opportunities as analysts maintain a cautious outlook.

The Economic Times

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Hindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs 5,000 crore. The proposed divestment comes amid broader disinvestment efforts, with recent stake sales in Coal India and NHPC.

The Economic Times

Vedanta demerger: How will the mega restructuring impact dividend payouts for shareholders?

Vedanta has completed a major demerger, splitting into four new companies. Investors are now assessing how this restructuring will affect the company's tradition of consistent dividend payouts. While Vedanta is expected to remain a dividend-paying entity, the absolute dividend per share may decrease. Shareholders will need to evaluate each demerged…

The Economic Times

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Stocks in news: Tata Steel, ICICI Bank, Tata Motors, Vedanta, Maruti Suzuki

Indian markets traded cautiously on Thursday's weekly expiry, with analysts observing a continued tussle for direction in the Nifty. Key companies like Tata Steel, Tata Motors, ICICI Bank, Vedanta, and Maruti Suzuki are in focus due to significant business updates and regulatory developments.

The Economic Times

Vedanta says no penalty, restrictions imposed after ED searches

India's financial crime-fighting agency searched Vedanta group locations. The company stated no penalty or restriction has been imposed. Vedanta is cooperating with the foreign exchange law probe. Operations and financial activities remain unaffected. The searches were conducted in connection with a probe.

The Economic Times

Vedanta group's iron ore mining, steel biz cut 2.5 MT of carbon emissions in last 5 yrs

Vedanta's iron ore and steel business has significantly cut carbon emissions. Over five years, nearly 2.5 million tonnes of emissions were reduced, avoided, or sequestered. Initiatives include electric vehicles, sustainable logistics, waste heat recovery power, and extensive tree plantation drives. These efforts align with national and global climate goals, showcasing…

The Economic Times

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

Vedanta and Hindustan Zinc shares dipped after the Enforcement Directorate visited some of their offices as part of a FEMA probe. The companies confirmed the visits and stated they are fully cooperating with the authorities. This news comes after Vedanta's recent demerger and a positive rating upgrade from ICRA.

The Economic Times

Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports

Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS,…

The Economic Times

Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.

The Economic Times

ED searches against Vedanta Group in FEMA case

Vedanta Group FEMA Case: The Enforcement Directorate is searching Vedanta Group properties in Delhi and Mumbai. This action is part of an investigation into alleged violations of the Foreign Exchange Management Act. The specific nature of these violations has not been officially revealed. The company's statement is awaited. Vedanta, a…

The Economic Times

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The Economic Times

Stocks in news: IndiGo, Suzlon Energy, Patanjali Foods, PB Fintech, Vedanta

Markets experienced significant volatility on Friday, with indices falling in the final hour due to heavy institutional selling. Several companies like IndiGo, Suzlon Energy, and Patanjali Foods are in focus today. Vedanta received its highest domestic credit rating in over a decade.

The Economic Times

Vedanta secures highest credit rating in over decade following ICRA Upgrade

Vedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Aluminium Metal Ltd, to AA+ with a stable outlook. This upgrade reflects strong operational performance and a robust financial profile. The rating signifies high safety for financial obligations and…

The Economic Times

Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?

Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the group’s ongoing…

The Economic Times

Vedanta's Rs 1 lakh cr projects to be reviewed every fortnight to ensure timely completion: Odisha CM Majhi

Odisha Chief Minister Mohan Charan Majhi announced that Vedanta's proposed projects, valued over Rs 1 lakh crore, will undergo fortnightly reviews to ensure swift execution. These initiatives, including a new alumina refinery and aluminium smelter, aim to significantly boost Odisha's economy and infrastructure, creating numerous jobs and positioning the state…

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The Economic Times

ONGC yet to take control of Cambay Block as Vedanta challenges govt move

ONGC has not yet taken control of the Cambay basin block CB-OS-02. Vedanta is challenging the government's decision to reject the contract extension. The Delhi High Court has ordered parties to maintain the status quo. Vedanta continues to operate the block pending the court's decision. ONGC remains ready to assume…

The Economic Times

Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty

Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order…

The Economic Times

It's time for a Bihar IPL team: Vedanta chairman Anil Agarwal says players like Ishan Kishan and Vaibhav Suryavanshi could produce best team in the world

Vedanta chairman Anil Agarwal is advocating for an IPL franchise for Bihar, emphasizing the state's rich cricketing talent and its right to a national identity. Highlighting players like Ishan Kishan and Vaibhav Suryavanshi, Agarwal expressed his dream of providing Bihar's youth with world-class sporting opportunities and support within the state.

The Economic Times

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…

The Economic Times

India's top copper producers like Adani, Vedanta and Hindalco oppose inclusion of scrap-based rods in standards

In a major dispute, leading copper producers like Adani and Vedanta are opposing the inclusion of copper wire from secondary refiners in government quality standards, based on the argument that products made from scrap pose safety risks due to inconsistent purity. This standoff impacts a significant portion of copper wire…

The Economic Times

Vedanta demerger: At what price will each of the four new companies list? Check cost of acquisition

Vedanta has completed its demerger, with investors awaiting the listing of four new companies. The company has shared the cost of acquisition ratios for these entities. Shareholders will receive individual cost allocations for Vedanta, Malco Energy, Talwandi Sabo Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel. Analysts have provided…

The Economic Times

Vedanta, Hindalco, other metal stocks rally up to 11% in one week. Should you buy or wait? Here's what analysts say

Metal stocks are experiencing a strong rally. Shares of Adani Enterprises, Hindalco Industries, and Vedanta have surged. Analysts recommend patience. Investors should buy on dips rather than chase momentum. Several factors are driving this surge, including government import duty hikes on gold and silver. Strong industrial demand and supply disruptions…

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