Vedanta Ltd. reported in-line Ebitda of Rs 90.4 billion (our estimate: Rs 93.6 billion), up 17% QoQ, primarily due to higher Ebitda in aluminium, Zinc-India and iron ore and improved earnings in other business segments except power and copper.
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Oil Ministry tells ONGC to sell Oilfields; hive off Drilling, other Services
The petroleum ministry has told India’s largest oil and gas producer ONGC to sell stake in producing oil fields such as to Ratna R-Series to private firms, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm to raise production.
Asia Shares Track U.S. Rally; Yields Dip, Yen Up | Gold Silver Reports
Asian shares climbed and U.S. equity futures pared a drop Monday as the global economic recovery and corporate earnings prospects bolstered sentiment despite rising Covid-19 infections.
Analysts Stay Bullish On Titan But Caution On Covid-19 Impact On Near-Term Sales
Analysts Stay Bullish On Titan: Analysts maintained their bullish ratings for Titan Co., citing higher-than-expected jewellery sales in the quarter ended March even as near-term sales could be impacted owing to localised curbs amid a surge in Covid-19 cases across the country.
Stocks Tips For Today: Auto Stocks, HCL Tech, Axis Bank, Wipro
Stocks Tips For Today: Indian equities snapped a two-day losing streak amid weak global cues, giving up half of the gains made on Tuesday in the process. The S&P BSE Sensex ended 1.2% lower at 49,509 while the NSE Nifty 50 declined 1% to close at 14,690.