Security Financial News

By James Oliphant

Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of its loans and plans to deleverage as much as USD 3 billion debt over the next three years, a senior official said at an analyst meeting. «Deleveraging is our priority. We would be deleveraging the debt of Vedanta Resources by USD 3 billion over the next three years. Vedanta Ltd's cash flow pre-growth capex is estimated to be USD 3.5-4 billion for the financial year 2025, sufficient for secured debt maturities of USD 1.5 billion,» said Navin Agarwal, Vice Chairman, Vedanta Ltd and member of Promoter Group, at a recently concluded analysts' meet, according to analysts who attended the meeting. The financial year 2025 maturities of USD 1,100 million and close to USD 750 million of interest servicing would be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives. «Vedanta is a dynamic organisation that continuously evaluates its capital structure. The parent company has multiple avenues to meet its debt obligation. Hence, we are not considering a stake sale actively in the near term.

NDTV, the 21-year-old was bought by Gujarat Titans for a whopping ₹3.60 crore. Known for his batting skills, Minz was riding a Kawasaki superbike when he made contact with another bike and lost control. Confirming the news to News18, his father Francis Minz said, “He lost control when his bike came in contact with another bike.

passenger safety. Kiran Verma, Founder of Simply Blood, shared his harrowing experience where the driver assaulted him in front of his son, highlighting the need for action against such behavior. Incident Details Verma recounted the incident where the driver demanded extra payment in cash, leading to a confrontation. Despite Verma's attempts to resolve the situation peacefully, the driver became aggressive, culminating in him slapping Verma twice. The incident left Verma's son distressed and traumatized.

Godrej & Boyce is aiming to invest about Rs 40 crore over the next three years to expand its distribution footprint for its consumer brands in the tier-II and tier-III cities. The fresh investments by the company, which sells interior solutions, furniture, appliances and locks, will see its footprint getting doubled to more than 400 towns by FY27, a senior official has said. «G&B plans to spend around Rs 10-15 crore every year on store expansion and renovation for the next three years,» a company spokesperson told PTI. The company is targeting to grow its topline by 15-20 per cent per year, and it hopes for the store expansion to be one among several initiatives to realise its aim, the spokesperson added.

Indian Navy has now introduced the kurta-pyjama attire into the naval messes. The recently permitted naval ethnic attire made its debut at a Naval Officers' Mess in New Delhi. Indian Navy Chief Admiral R Hari Kumar, Vice Chief Vice Admiral Dinesh Tripathi and other naval officers wore the recently permitted naval ethnic attire, Officials said on Sunday.

Pawan Singh, BJP's pick from Bengal's Asansol Lok Sabha seat, says he won't contest Lok Sabha polls. BJP had announced Pawan's name for Asansol Lok Sabha seat in West Bengal.

Haryana chief Sushil Gupta on Sunday exuded confidence that the AAP-Congress combine will win all the 10 Lok Sabha seats in the state. People want change both at the Centre and in Haryana, he claimed. The AAP and the Congress are constituents of the INDIA bloc formed by opposition parties to take on the BJP in the upcoming Lok Sabha elections. The two parties announced their seat-sharing arrangement for Delhi, Gujarat, Goa and Haryana a week ago. As part of the arrangement, the AAP has fielded Gupta from Kurukshetra while the Congress will contest the remaining nine seats in Haryana.

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, ended Saturday's special trading session on a bullish note. During the special live trading session on Saturday, the domestic benchmark indices mirrored the favourable overnight cues from Wall Street, as the Nifty 50 reached a new all-time high of 22,419.55.

BJP candidate list Lok Sabha 2024 LIVE In a post on X, Pawan Singh wrote, “I express my heartfelt gratitude to the top leadership of Bharatiya Janata Party. The party trusted me and declared me as the candidate from Asansol but due to some reason I will not be able to contest the elections from Asansol." In the 2019 Lok Sabha elections, singer Babul Supriyo clinched victory in this seat on a BJP ticket by defeating TMC's Moon Moon Sen. However, two years later, Supriyo resigned from the seat and joined the TMC.

Chhattisgarh: A police constable and a Naxalite were killed in an encounter in Kanker district on Sunday, March 3, a police official informed. When a joint team of security personnel was leading an anti-Naxal operation on March 3, a gunfight ensued in a forest near Hidur village that is under Chhotebethiya police station jurisdiction, a police official informed.

life insurance offers important financial security, the expeditious and efficient resolution of claims holds significant importance when selecting a policy. Ensuring confidence that your family will promptly and seamlessly receive the assured payout in challenging circumstances is vital. When searching for a life insurance plan, the pivotal question revolves around the speed and efficiency with which your loved ones receive the payout in the event of a claim.

Tata Steel shares, which hit a fresh peak of Rs 156 on BSE, have shown a powerful breakouhavet on the daily chart, accompanied by a notable surge in volumes. “Additionally, the formation of a Morning Star pattern, a bullish reversal candle pattern, indicates strong support for the stock. The momentum indicator, RSI, has also provided a buy crossover, confirming the bullish undertone in the stock,” says Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.

Also read: IPOs This Week: RK Swamy IPO among 7 other issues to open; check details These are the stock recommendations from Rupak De, Senior Technical Analyst at LKP securities: The stock has experienced a breakout from a flag pattern on the daily chart, indicating a notable increase in investor optimism. Furthermore, the stock has consistently traded above the crucial moving average. In the upward direction, there is a potential move towards 640, with support established at 570.

Shripad Naik's candidature from North Goa Lok Sabha seat, all eyes are now on who will be the nominees of the BJP and the Congress from South Goa seat. Naik's name figured in the first list of 195 candidates declared by the BJP in Delhi on Saturday for the upcoming Lok Sabha polls. The coastal state has two Lok Sabha constituencies — North Goa and South Goa. While the North Goa seat has been represented by Naik for five consecutive terms, the South Goa seat has been won by the Congress, BJP and regional parties on different occasions.

Trump continued his march toward the GOP nomination on Saturday, winning caucuses in Idaho and Missouri and sweeping the delegate haul at a party convention in Michigan. Trump earned every delegate at stake on Saturday, bringing his count to 244 compared to 24 for former U N Ambassador Nikki Haley. A candidate needs to secure 1,215 delegates to clinch the Republican nomination. The next event on the Republican calendar is Sunday in the District of Columbia. Two days later is Super Tuesday, when 16 states will hold primaries on what will be the largest day of voting of the year outside of the November election. Trump is on track to lock up the nomination days later.

CAIRO (Reuters) — The Houthi Transport Ministry in Yemen said on Saturday there had been a «glitch» in undersea communication cables in the Red Sea as a result of actions by U.S. and British naval vessels.

Israel has broadly accepted a deal for a six-week Gaza ceasefire and it is now up to Hamas to agree to release the most vulnerable hostages for the deal to take effect, a senior US official said Saturday. «There's a framework deal. The Israelis have more or less accepted it,» the Biden administration official told reporters on a call, speaking on condition of anonymity.

PwDs) in the workforce, corporate India still has a long road ahead. As per an analysis of the Securities and Exchange Board of India (SEBI)-mandated Business Responsibility and Sustainability reports filed by 1,062 listed companies for 2022/2022-23, more than 87% of them said their workplaces were accessible to people with disabilities. However, only 0.6% of permanent workers they employed were PwDs.

Security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes, officials said on Saturday. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system. A Defence Research and Development Organisation (DRDO) team examined the consignment and confirmed its potential usage in Pakistan's nuclear initiatives, notably in manufacturing crucial components for missile development, the officials said.

By Ahmed Mohamed Hassan and Nidal al-Mughrabi