JSW to spend Rs 15,000 crore to increase capacity by 50% at Vijayanagar

JSW Steel is targeting to increase the capacity from 12 Million Tonne Per Annum (MTPA) to 18 MTPA by FY 24. Key points to note JSW Steel Vijayanagar Works is the largest single-location integrated steel-making facility in India with a current capacity of 12 MTPA. 18 MTPA target is through – 5 MTPA brownfield expansion … Read more

Vedanta mulls demerger of some businesses with separate listing & leadership

Billionaire Anil Agarwal-led Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it called a value-unlocking exercise. On Wednesday, Vedanta announced the constitution of a committee of directors to evaluate and recommend such options and … Read more

Silver ETFs to help investors in portfolio diversification

With the introduction of norms for silver exchange traded funds (ETFs), investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday. The Securities and Exchange Board of India (Sebi) came out with operating norms for silver ETF, whereby such scheme … Read more

Vedanta mulls group restructuring; separate listing of businesses

Billionaire Anil Agarwal‘s on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. In a stock exchange filing, the firm said its board has constituted a committee of directors to evaluate and recommend options to restructure … Read more

Banks select Vedanta’s offer of Rs 5,000-Rs 6,000 crore for Videocon

“Vedanta has emerged as a preferred bidder for the company,” an executive aware of the matter said. The Vedanta group was engaged in protracted negotiations with a State Bank of India-led group of lenders after submitting its first offer. It later bettered the bid in the last week of November, according to executives aware of … Read more

Morgan Stanley is warning that the stock market’s economic recovery trade may soon be over. Here are 4 strategies they recommend for finding the returns that still exist.

Investors have shifted into cyclical assets lately as COVID-19 vaccines are on the way and the economy gets set to recover. But Morgan Stanley’s Mike Wilson is warning that valuations are getting too high, and that a near-term pullback may in the cards. He laid out four strategies to still find returns in cyclicals. Visit … Read more

Warren Buffett’s gold bet has ‘made it safe’ to buy the metal, billionaire investor Thomas Kaplan says

Buffett “effectively detoxified gold” when his Berkshire Hathaway conglomerate revealed a $564 million stake in the gold miner in August, the NovaGold chairman said.”He’s made it safe for anyone interested in gold to be looking at the gold narrative,” Kaplan added, according to a transcript on Sentieo, a financial-research site. Read More: BlackRock’s investment chief breaks … Read more