China, US, elections – what could be the biggest moving parts of 2024: S Naren
January 2nd, 2024 10:31
S Naren says: “We love a company where there is a profitable business along with that there is an unprofitable EV business and that unprofitable EV business is also given price to earnings on the loss so that at some point of time, when that EV business turns around, you get a big kicker and that is the framework which we enjoy.”
Vedanta faces investor reckoning over $3.2 billion of bonds
January 2nd, 2024 10:30
Vedanta's dollar notes due this month were the most supportive of the firm’s liability management exercise, while the remaining three trade below the 80 cents on the dollar mark often considered indicative of distress. Still, the bond due in August 2024 rose 3.5 cents on the dollar in December to 66.4 cents, according to Bloomberg-compiled data.
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