Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.
Vedanta Group is getting ready for two separate ventures that may see investments worth $15 billion in chip and display manufacturing space
Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025
While Blue Star record a new 52-week high, RHI Magnesia India hit a new all-time high in February
Vedanta on Thursday said it has signed a pact with TERI to accelerate its Environmental, social, and governance (ESG) goals. Vedanta plans to invest around Rs 200 crore over the next five to 10 years on R&D and sustainability initiatives to promote and build a sustainable ecosystem. "Vedanta... on Wednesday signed a Memorandum of Understanding with TERI... to forge a long-term partnership and work in collaboration on creating a sustainable world by leveraging both the organizations' strength in the ESG space," Vedanta said in a statement. With a mission to promote 'Sustainable Use of Resources for a Resilient Planet through Transformative Actions', the memorandum of understanding (MoU) was signed at the World Sustainable Development Summit (WSDS). The partners will work towards building a sustainable future by engaging with governments, civil society and peers to promote a larger ecosystem for climate change, resource efficiency, and circularity, harnessing cleaner energy, ...
Debt maturities to stay elevated in Fy23; Fy24
What we're really seeing is two companies petitioning the government for corporate welfare as it offers $7 bn of enticements to boost electronics manufacturing.
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years
Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem
Shares of Steel Authority of India (SAIL) may decline another 10 per cent
Anil Agarwal company to invest $500 mn in LCD facility
The FY23 Budget's nominal GDP assumptions factor in an expectation that the deflator will show a 'reversal to the mean' in the coming year, finance secretary TV Somanathan said
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
BPCL, DLF, Dwarikesh Sugar, Exide, GIC Housing, HDIL, HPCL, IOC, Jindal Saw, KEC Intl, KPIT Tech, Krsnaa Diagnostics, SCI, Sun Pharma, Suven Life, Tata Motors and UCO Bank in focus ahead of Q3 results
Its consolidated income during the October-December period increased to Rs 34,674 crore from Rs 23,621 crore in the year-ago period
For the week, the Sensex and the Nifty indices are down 3% each
The whole world wants to visit India and there is a potential to increase tourism by 10 times, since the country has 10,000 years of rich history, he said
The company is already in discussions with stakeholders in Saudi Arabia
Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March