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Indices further pare gains; breadth strong

Key equity indices further pared gains in mid-morning trade. Metal stocks were trading firm. The Nifty held above the 14,400 mark. Positive cues from other Asian stock markets boosted investors sentiment. At 11:22 IST, the barometer index, the S&P BSE Sensex, was up 129.51 points or 0.27% to 48,078.93. The Nifty 50 index added 46.85 points or 0.33% to 14,406.30. In the broader market, the S&P BSE Mid-Cap index gained 1.47% while the S&P BSE Small-Cap index rose 1.17%. The market breadth was ...
India General White House District Of Columbia United States Mishra Dhatu Nigam Anthony Fauci

Govt to slap recovery notice on Vedanta's Cairn after Delhi HC judgment

The oil ministry will seeks tens of millions of dollars from Vedantas Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government in lieu of its Rajasthan oil and gas block license being extended beyond initial term, a top official said. In the interim, the firms Barmer basin block licence, whose initial 25-year term ended on May 15, 2020, has been given an eighth interim extension, the official, who wished not to be identified, said. ...
Union Cabinet Vedanta Cairn Oil Gas Cairn Oil Gas Vedanta Ltd Delhi High Court Natural Gas Corp

Volumes spurt at Prestige Estates Projects Ltd counter

Prestige Estates Projects Ltd registered volume of 3.35 lakh shares by 10:48 IST on BSE, a 10.48 fold spurt over two-week average daily volume of 32009 shares Vedanta Ltd, Gillette India Ltd, IIFL Wealth Management Ltd, Caplin Point Laboratories Ltd are among the other stocks to see a surge in volumes on BSE today, 01 April 2021. Prestige Estates Projects Ltd registered volume of 3.35 lakh shares by 10:48 IST on BSE, a 10.48 fold spurt over two-week average daily volume of 32009 shares. The sto...
Gillette India Ltd Vedanta Ltd Prestige Estates Projects Ltd Wealth Management Ltd Caplin Point Laboratories Ltd Management Ltd

Ducon receives order for alumina handling system from Vedanta

The scope includes complete Design & Engineering, Supply, Erection and Commissioning of Alumina Handling System, for refinery expansion. The Company continues to be actively involved in bidding for both FGD (Flue Gas Desulpharisation) and MHS (Material Handling System) projects. In the case of FGD Projects, the company is bidding directly as well as jointly with other EPC companies and remains hopeful to win some of these projects as and when they are decided. Powered by Capital Market - Live ...
Ducon Infratechnologies Alumina Handling System Alumina Refinery District Kalahandi Flue Gas Desulpharisation Material Handling System

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Vedanta's mining plant in Goa can't operate sans environment clearance: NGT

The National Green Tribunal has held that Vedantas mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC). A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the recommencement of the plant in 2019 can only be done after obtaining EC. "Accordingly, we hold that the application is maintainable and requirement of prior EC for operating the plants in question by Respondent no. 4 (Vedanta) is attracted. The Ministry of Environment and Fo...
Justice Adarsh Kumar Goel Supreme Court Goa Foundation National Green Tribunal Sesa Sterlite Ltd Ministry Of Environment

Cairn says it has identified Indian assets for seizing if it is not paid

British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand. "Cairn is extremely confident that satisfaction of the award will be achieved either by negotiated settlement or by enforcement against Indian assets," the firm said in its 2020 annual earnings statement. The f...
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