S&P Global Ratings on Friday downgraded Vedanta Resources to among its lowest ratings citing a “distressed” bond extension move, marking the second downgrade of the company this week. The agency reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet …
The dollar bonds of Vedanta Resources slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to overhaul his sprawling conglomerate to tackle its debts. All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down …
Synopsis If one looks at the recommendations of analysts, it appears that all of sudden they are finding everything wrong with IT stocks. Of the ten stocks, only two are buy and one stock which till few quarters back was considered a must have in a portfolio is now having a sell recommendation. Patience is …
“Real estate, after a 10-year down cycle, over the last one year we have seen real estate attraction picking up in the broader market and the stocks are also doing well,” says Ajay Bagga, Market Expert.We saw the broader market indices, they are at record highs and pockets like sugar, defence, they have been quite …