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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
Vedanta Aluminium Metal Ltd (VAML) started its listed journey with a bang. But just over a fortnight later, it may have become a victim of its own hype.
VAML was one of the four businesses carved out of the Vedanta Ltd, the flagship company of the Anil Agarwal-led Vedanta Resources, as part of a mega restructuring exercise.
The company listed at a premium and quickly emerged as the most promising prospect among the four newly hived-off entities. Prominent brokerages including CLSA, Citi and Investec initiated coverage of VAML with “buy” calls, predicting that the stock could rise by up …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
