Vedanta Limited, a subsidiary of Vedanta Resources Limited, is a prominent global natural resources’ company with a presence in India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan and Japan. It operates across a diverse range of sectors, including oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate, and is also venturing into semiconductors and display glass. Over the past two decades, Vedanta has made substantial contributions to national development.
At the heart of Vedanta’s approach lies a commitment to governance and sustainable development, with a strong emphasis on health, safety and environmental considerations. The company has established a comprehensive framework to lead in ESG (environmental, social and governance) practices within the natural resources’ sector. Vedanta is dedicated to achieving net-zero carbon emissions by 2050 or earlier and has allocated USD 5 billion over the next decade to expedite this transition. Additionally, giving back to local communities is ingrained in Vedanta’s ethos as it actively strives to improve the well-being of these communities.
Sector Overview
The Indian economy has outperformed global expectations, positioning itself as a beacon of economic promise in 2023. The International Monetary Fund (IMF) predicts that India will continue to shine, potentially contributing a substantial 15 per cent to global GDP growth. This impressive growth trajectory follows an estimated 6.8 per cent expansion in FY 2023, cementing India’s status as one of the fastest-growing major economies. In FY 2024, the Indian economy is projected to maintain its upward trajectory with a growth rate of 5.9 per cent.
Denne historien er fra October 23, 2023-utgaven av Dalal Street Investment Journal.
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Denne historien er fra October 23, 2023-utgaven av Dalal Street Investment Journal.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
