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Vedanta Resources raises $450 million

London-headquartered Vedanta Resources (VRL), the parent company of Indian mining major Vedanta, has raised $450 million from two of its rivals. While it raised $200 million from commodities firm Trafigura Group, it borrowed $250 million…

India Inc dividend payout soars 26%

Riding on the optimism of a growing economy, increase in earnings and buoyant markets, India Inc has recommended a dividend payout of Rs 3.26 trillion for FY23. This is a whopping 26% higher than the nearly Rs 2.6 trillion that corporates…