Stocks Tips For Today: Indian equity benchmarks gained amid investors optimism that the economy will rebound strongly from the world’s worst Covid-19 outbreak.
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Vedanta Ltd Q4 Outlook – Apt Play On Rising Commodity Prices
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.
PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
PMC Bank: Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd (PMC Bank). under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.
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.