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Mining company Vedanta has declared a 1,850% interim dividend for the financial year 2023-24, totalling Rs 6,877 crore. The dividend would be given as per law, the company said. Vedante reported poor Q4 profits, hit by declining metal prices as revenue from its core aluminium business dropped to 33% from 39% on year.
Stocks in the news: HDFC, Vodafone Idea, HPCL, Lupin, Adani Enterprises and JK TyreMortgage lender Housing Development Finance Corp (HDFC) said it has launched its qualified institutional placement (QIP).
from Stocks-Markets-Economic Times https://ift.tt/30BqdM5
… Read MoreAxis Bank launches Rs 10,000 crore QIP at Rs 442.29 floor priceThe lender is looking to mop up Rs 8,000 crore as the base deal size, with an option to increase the total funds raised by another Rs 2,000 crore.
from Stocks-Markets-Economic Times https://ift.tt/33rn56Z
… Read MoreStocks in the news: Axis Bank, Vodafone Idea, Sun Pharma, Adani Ports, Cipla, SBI CardAxis Bank has launched its qualified institutional placement (QIP) on Tuesday to raise up to Rs 10,000 crore.
from Stocks-Markets-Economic Times https://ift.tt/33n0998
… Read MoreIndia has biggest disconnect between stock rally, economic gloomThe nation’s shares have logged the one of the best rebounds from the March lows globally while battling some of the world’s worst economic data. The surge has pushed up valuations to a record as investors look past the grim … Read MoreAirtel calls off Kenya unit merger with Telecom KenyaAccording to a Reuters news report, Telkom Kenya, in a statement, said it had "opted to adopt an alternative strategic direction" and would no longer be pursuing the proposed joint venture transaction.
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