Vedanta shares will trade ex-demerger today. A special session will adjust prices. Four new entities will list soon. This restructuring aims to unlock value. Investors should focus on future listings. Vedanta’s Q4 results showed strong profit growth. The demerger is a significant corporate move in India’s metals sector.Read More
India’s state-run oil refiners are sparingly using a special FX credit line from State Bank of India, designed to support the rupee. Refiners are hesitant due to expectations of further rupee depreciation, which would increase their repayment costs. This cautious approach comes as the rupee faces renewed pressure, partly from oil-related dollar buying.Read More
US equity futures rose, driven by tech giants and AI trade, while oil prices surged amid escalating Iran war uncertainty. The Federal Reserve held rates steady, revealing a hawkish tilt, as traders navigate a volatile market with upcoming central bank decisions and megacap earnings.Read More
Indian markets anticipate the US Fed’s decision and election exit polls today. Key companies including HUL, Bajaj Finance, and Adani Power will be watched closely. Adani Green plans significant battery storage expansion. Jaguar Land Rover faces a refund order. Vedanta foresees increased aluminium production costs due to geopolitical tensions.Read More
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