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STERLITE CRISIS
Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates 'Buy' call on 3 stocksIndia’s textile sector is nearing an inflection point and could regain lost global market share, according to Emkay Global. The brokerage i...- Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
- Sterlite Copper oxygen plant develops 'technical snag'; production haltedIn a statement on Friday, the company said, "a technical snag has developed in the cold box at our oxygen plant in Tuticorin, leading to a ...
- Sterlite Copper begins production of medical oxygen; dispatches first batchVedanta Ltd owned Sterlite Copper has commenced production of medical oxygen at its facility in Tamil Nadu and the first batch of 'medical ...
- Sterlite Tech says BSNL's outstanding dues now below Rs 100 cr, expects substantial settlement this yearThe pending dues were for optical fibre cable sales to BSNL, the supplies for which happened in 2018, he said, adding that the payment issu...
- COVID-19: Sterlite Tech operating at 65% global production capacitySterlite has 1.4 crore route kilometer (rKm) optical fibre production in China and 3.6 crore km capacity in India.
- Sterlite closure: No immediate crisis but concerns on future copper supplyAccording to Urvisha H Jagasheth, analyst at CARE Ratings, production of domestic refined copper in India is expected to see a 36% drop in ...
- After Sterlite crisis, more unrest could be in store for billionaire Anil AgarwalIt may get worse amid concern that Vedanta's key copper smelter could remain shut until 2019, further pressuring a stock that’s already bad...
- Ready for any scrutiny on Tamil Nadu plant: Vedanta chief Anil AgarwalIt's not Vedanta's first brush with environment groups and NGOs. Agarwal views them as actions by vested interests that would not like Indi...
- Green panel posts hearing on Friday on Sterlite's petitionThe southern bench of the National Green Tribunal has allowed MDMK leader Vaiko and two others to implead themselves in a petition filed by...
- Sterlite Industries to pay US-based Asarco $82.75 million in damagesUS bankruptcy court has directed Sterlite to pay US-based Asarco $82.75 mn in damages for walking away from a deal to acquire the American ...
- Heard on the Street: Demand surge hopes lift metalsShares of metal & mining companies surged tracing the intra-day rally on London Metal Exchange on Friday.
- Copper price spike to make power equipment costlierTight supplies due to constraints on copper mining, a weak dollar and potential exchange-traded fund flows into copper as an asset class ha...
- Sterlite to complete financial closure of TSPL in 3 mthsVedanta Group company Sterlite Energy Limited hopes to complete the financial closure of the 1,980-MW Talwandi Sabo Power Project, to be se...
- Govt seeks Rs 2,000 cr from Sterlite for exiting BalcoThe government will offer its 49% stake in Bharat Aluminium Company (Balco) to Sterlite Industries, the country’s largest non-ferrous metal...
- Grupo Mexico appeals against Asarco verdictGrupo Mexico, the lone contender for Sterlite Industries in the race to acquire US-based mining company Asarco, has appealed in a bankruptc...
- Global meltdown yet to unsettle Indian copper producing firmsIndian copper producers like Sterlite Industries and Birla Copper say demand from local user companies hasn’t fallen much even though expor...
- Sterlite lowers Asarco bid by $500 mnSpeculation is rife that Sterlite Industries has shown renewed interest in buying America’s copper major Asarco for $2.1 bn, which is $500 ...
- Sterlite may walk away from Asarco acquisitionSterlite Industries, a unit of Vedanta Resources, has sought a reduction in its earlier valuation for copper miner Asarco, due to the liqui...
- Sterlite seeks revaluation of Asarco due to liquidity crisisSterlite's move to revise downward Asarco's valuation and the tight liquidity conditions currently prevailing globally have also fuelled sp...
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