Read the latest business, financial news on Market Biz
London-based VRL, the parent of Indian operating company Vedanta, needs $1.3 billion in FY24 and $4.3 billion in FY25.
According to a BSE circular, the stock will trade in the trade-for-trade segment for the first 10 trading sessions. In the trade-for-trade segment, shares cannot be bought and sold on the same day.
For the week, Sensex and Nifty fell 0.5 percent each.
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.
Buffett still owns 218,237 Class A shares of Berkshire, for an approximately 15% stake in the Omaha, Nebraska-based conglomerate he has run since 1965.
Bitcoin, the world’s biggest and best-known cryptocurrency, is down 16.3% from the year’s high of $31,818 on July 13.
The broader indices outperformed the main indices with the BSE midcap and smallcap indices ending marginally higher
The Indian equity market mirrored the weak trend across global counterparts and opened lower on August 17.
Though valuations are nowhere as cheap as they were till a few months back, there are still pockets of undervaluation. However, we are cautious on markets.