Chip shortage is leading new facilities coming up globally. Now Vedanta and Foxconn have joined together to set up one in India. Key points to note – A new JV has been set up where Vedanta will hold majority and Hon Hai Technology Group (also known as Foxconn) will hold minority. Quantum of investment, entity … Read more
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
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
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
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
“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
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