Vedanta Resources' debt rejig plan gets bondholder nod
January 4th, 2024 07:27
People familiar with the matter told ET that the approval is more than 97% for bonds maturing in 2024, 2025, and 2026. The company had to immediately repay $1 billion debt on January 21. It had offered an additional early consent fee for those agreeing to the restructuring, sweetening the proposal for investors.
Metal companies plunge as China growth worries deepen
January 4th, 2024 07:27
The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%. Shares of aluminium producers Nalco and Hindalco tumbled 6.5% and 3.8%, respectively.
Adani Group shares surge up to 11.4% as SC rejects SIT probe demand
January 4th, 2024 07:27
The gains helped cut losses further triggered by the scathing Hindenburg report on January 24, 2023. Yet, seven out of the 10 listed Adani stocks are 2% to 72% below the peaks hit before the release of the report. Adani Ports, Adani Power and Ambuja Cements are the gainers
SC backs Sebi inquiry into Adani, rejects any other
January 4th, 2024 07:27
The apex court also asked the Centre and Sebi to constructively consider suggestions of the six-member expert committee headed by former Supreme Court judge AM Sapre, and take further action to strengthen the regulatory framework, protect investors and ensure the orderly functioning of the securities market.
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