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Why betting against the 'big-money honchos' has paid off
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Why betting against the 'big-money honchos' has paid off
Vedanta: Earlier this week, the company also announced its second interim dividend of INR 11 per share, entailing a payout of INR 4,089 crore.
The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 — half of which are due as early as January — and another $1.2 bn in 2025, according to Bloomberg data.
Vedanta Resources Ltd (VRL), the UK-headquartered parent company of Vedanta group, had said last week that it secured a USD 1.25-billion loan from private lenders to refinance part of its USD 3.2-billion debt maturing in 2024 and 2025.
'I never questioned the wisdom of the government when it made me the Army Chief, so why should I do so now?' writes Gen MM Naravane (retired), one of India's foremost Army Chiefs, on why he was not appointed the Chief of Defence Staff. Naravane's straight-from-the-shoulder account in his memoir 'Four Stars of Destiny' offers fascinating glimpses of the 40-year journey as a soldier, officer and his rise to the top as the 28th Chief of the Army Staff.