The Directorate General of Trade Remedies (DGTR) has recommended 3.46% to 10.27% countervailing duty (CVD) on copper wire imports from Vietnam, Thailand, Malaysia, and Indonesia. The duty, if imposed by the Finance Ministry, will hit margins of electrical wire makers that are the primary importers of this commodity. Indian Primary Copper Producers’ Association has filed … Read more
Kunal Kothari, Research Analyst, Centrum Broking, says in the last two weeks, there have been a good turnaround in the trend and prices have moved up by around Rs 1000 to Rs 1500 per tonne. So, the stimulus that was announced in China is flowing very positively for the metal sector.On the back of the … Read more
Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more
In the intricate world of investing, where fortunes are made and lost on a daily basis, astute investors understand that hidden gems often lie beneath the surface. These overlooked opportunities, often overshadowed by noise and chaos in the market. These opportunities have the potential to unlock substantial wealth for those who delve to explore this … Read more
By Nishant Kumar, Dinesh Nair and Baiju Kalesh Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said. Vedanta Resources Ltd.’s billionaire founder is working with Centricus Asset Management … Read more