Metals

Higher steel and aluminium prices, better realisations and firm global metal trends are expected to support Q1 FY27 earnings despite higher input costs and softer volumes

Vedanta's digital metal procurement platform processed nearly $5 billion in FY26 sales, with over 450 MSMEs using it for sourcing metals and accessing ₹1,600 crore in channel financing

The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector

Vedanta Ltd on Wednesday said it has incorporated a wholly-owned company Vedanta Property Platforms Ltd (VPPL) to foray into real estate sector. VPPL will serve as a strategic vehicle for Vedanta's real estate business and related activities. The move is aimed at monetising surplus land and non-core property assets and creating a dedicated structure for potential joint ventures and asset-light initiatives to fund expansion in its core metals and energy businesses. In a filing to BSE, the company said VPPL was incorporated in Mumbai, Maharashtra, on June 22. The subsidiary will serve as a strategic platform for undertaking real estate business and ancillary activities. It has an authorised capital of Rs 1 lakh, comprising 1 lakh equity shares of Rs 1 each. Its subscribed capital also stands at Rs 1 lakh. Vedanta has subscribed to 100 per cent of the equity share capital of the company through a cash consideration of Rs 1 lakh, making VPPL a wholly-owned arm. As the company has bee

The industry body is framing a code of conduct, audit norms. and customer protection standards while seeking formal recognition from ministries, said Chairperson Nirupama Soundararajan

The ‌Mumbai-based miner's consolidated net profit rose to ₹6,698 crore ($706.3 million) ​in the quarter ended ‌March ​31 from ‌₹3,483 crore a ‌year ago

Existing investors who have become overweight after the bull run of the past year should book partial profits and rebalance

GCC supply disruptions and rising global prices boost outlook for Indian aluminium producers, with integrated players likely to benefit from tighter supply

India is ramping up domestic production of rare earth permanent magnets, crucial for electronics, space, aerospace, defence and electric vehicles, with the first-ever Samarium Cobalt plant becoming operational in 2023, Union Minister Jitendra Singh said on Wednesday. While admitting that over 80 per cent of these magnets are still imported due to limited domestic capacity, Singh, who is MoS Prime Minister's Office, highlighted significant strides made in the last 10-11 years through high prioritisation by the government. "Our present requirement of rare earth permanent magnet is 4,000 tonnes but by the time we reach 2030 and are able to produce 5,000 tonnes indigenously, our requirement would have gone up to 8,000 tonnes," Singh said. He outlined ambitious targets -- 500 tonnes per annum in the first phase, scaling to 2,000 tonnes by 2028 and 5,000 tonnes by 2030. "Prime Minister Modi himself launched it (the Samarium Cobalt plant)... We have initiated processes and we are in the .

Sachin Gupta, research analyst at Choice Broking recommends accumulating Hindustan Zinc, Coal India and EID Parry on dips for a potential upside bounce as per technical charts.

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

Sebi has overhauled valuation norms for mutual funds, requiring gold and silver holdings to be priced using domestic spot rates from recognised exchanges instead of LBMA-linked benchmarks

Aluminium prices have dropped 6 per cent to $3,056 a tonne from their recent peak of $3,252 on the London Metal Exchange

Speaking at a conference organised by Ficci and Ministry of Mines here, Reddy highlighted the government's push under the Aatmanirbhar Bharat initiative to reduce import dependence

MOFSL remains constructive on Tata Steel on the back of a strong domestic demand outlook, safeguard duty-led price support, ongoing capacity expansions and a gradual turnaround in the EU biz.

While overseas experience has proven invaluable in other economies, it appeared to play a diminished role in India's contemporary tech ecosystem

Vedanta's market cap hit ₹2.97 trillion in intra-day trade on Thursday; the stock has skyrocketed by 72 per cent in the last six months.

Analysts remain positive on Vedanta given the robust non-ferrous prices, strategic expansion at aluminium and zinc India, controlled leverage on B/S, return ratios >20%, dividend yield of 6%.

Vedanta stock has outperformed the market by surging 24% in the last six months. The company's portfolio of resources business provides advantages of scale, diversification and strong balance sheet.

Corporate earnings logged a 3rd straight quarter of double-digit growth, underpinned by strong performances from OMCs, Metals, Telecom, Technology, Cement, NBFCs - Lending, and Capital Goods.