On January 21, 2025, shares of Vedanta Ltd experienced a notable increase, rising over 1% to ₹465 following a significant upgrade from Fitch Ratings. The global rating agency raised Vedanta Resources Ltd’s (VRL) long-term foreign-currency issuer default rating (IDR) from B- to B+ while simultaneously changing the outlook to stable.  The SME IPO of Capital … Read more

Stocks based out of Andhra Pradesh, where the ruling TDP is a key ally in the Centre, saw heightened investor interest after Finance Minister Nirmala Sitharaman announced a Rs 15,000 crore state package in the first Budget of the Modi 3.0 government. Beyond the budget announcements, the bet was also that Andhra CM Chandra Babu … Read more

Commodity derivatives exchange MCX on Monday reported a net profit of Rs 160.04 crore for the quarter ended December 31, as against a net loss of Rs 5.35 crore for the corresponding period a year ago. MCX’s quarterly net profit, however, fell short of analysts’ expectations. According to expert research, the commodity derivatives exchange was … Read more