Nifty100 Equal Weight News and Updates

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Vedanta Ltd.

24 Jun 2025, 05:24PM

443.55

-1.73%

Vedanta Resources secures $600 mn loan to refinance private credit facility

Business Standard

London-based Vedanta Resources Limited (VRL), the parent firm of Mumbai-listed mining conglomerate Vedanta Ltd, has secured a term loan facility of up to USD 600 million that will be used to refinance a high-cost private credit facility, according to a communication sent to bondholders. The first tranche of USD 380 million has been committed, with the remaining USD 220 million expected to be finalised shortly with other participating banks. Lenders for the USD 380 million facility comprise a consortium of Gulf, Japanese, and European banks, including First Abu Dhabi Bank, Mashreq, Sumitomo Mitsui Banking Corp, and Standard Chartered. "The facility carries a door-to-door tenor of over four years, with an average maturity of approximately three years and a pricing of SOFR (Secured Overnight Financing Rate) plus 450 basis points. "This proactive refinancing, combined with internal cash flows, positions us to fully repay the PCF facility - substantially enhancing our credit profile by

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Resources posts profit of $1,617 million in FY25

Business Line | 24 Jun 2025, 02:33PM 2 more

Hindustan Aeronautics Ltd.

24 Jun 2025, 05:18PM

4552.70

-2.73%

India-US deal to produce F-414 jet engines likely by March: HAL Chief Sunil

Business Standard

The Hindustan Aeronautics Ltd (HAL) will seal a deal with US defence major GE Aerospace by March to jointly produce a jet engine to power the next generation of India's combat aircraft, the aviation behemoth's chief DK Sunil has said. The mega plan to jointly produce the F-414 engines in India was announced during Prime Minister Narendra Modi's visit to Washington DC in 2023, though the programme suffered from several slippages because of protracted negotiations on the sharing of advanced technologies. In an exclusive interview with PTI Videos, HAL Chairman and Managing Director Sunil said crucial negotiations with GE Aerospace on the transfer of technologies for the engines were concluded and both sides are now focusing on the commercial aspects of the project. "We are now discussing the ToT (transfer of technologies) principles. (We will have) 80 per cent transfer of technology. Those discussions are more or less over," he said. "Now we will be getting into the commercials. So, in

Hindustan Aeronautics Ltd. is trading above its 200 day SMA of 4313.1

Indian Air Force To Get At Least Six Tejas Jets By March, Says HAL Chief

NDTV Profit | 24 Jun 2025, 03:10PM

Tata Motors Ltd.

24 Jun 2025, 04:39PM

687.40

-1.87%

JLR to begin CKD operations in Ranipet facility from 2026

Business Line

With the Chennai plant, we will start with CKD units of JLR from early 2026. Over time the passenger vehicle CKD units will be shifted from Pune to Ranipet, says PB Balaji, group CFO, Tata Motors

Tata Motors Ltd. has lost -33.11% in the last 1 Year

Maruti Suzuki India Ltd.

24 Jun 2025, 04:29PM

12404.00

-1.22%

Maruti Suzuki Escudo to launch this Diwali, set to challenge Creta, Seltos

Business Standard

Maruti Suzuki's new Escudo SUV, codenamed Y17, is expected to debut during Diwali 2025 with petrol, hybrid, and CNG options - poised to rival Hyundai Creta and Kia Seltos

Maruti Suzuki India .. has an average target of 13696.82 from 12 brokers.

Vedanta Ltd.

24 Jun 2025, 04:15PM

443.55

-1.73%

Vedanta's Runaya to invest 300-500 cr in rare earth processing & magnet-making facility

Business Line

The company could forge a joint venture with an international partner, a tech transfer or a partnership, to take the project forward

Vedanta Ltd. is trading below its 30 day SMA of 452.0

Hyundai Motor India Ltd.

24 Jun 2025, 02:45PM

2099.20

0.21%

Hyundai Motor India stock hits new high; outperforms the market in June

Business Standard

The recent price/volume behavior in scrip appears to be purely market-driven, the company said it is not aware of any undisclosed material or event that may have contributed to such movement.

Hyundai Motor India .. has an average target of 2078.00 from 9 brokers.

State Bank of India

24 Jun 2025, 02:40PM

806.55

-1.12%

SBI PO 2025 notification out for 541 posts at sbi.co.in, check details here

Business Standard

SBI has released the PO 2025 notification for 541 vacancies. Eligible candidates can apply online for entry-level managerial roles at sbi.co.in till July 14