The asset management business of UK's largest insurance company says they see some of the most 'captivating opportunities' anywhere within emerging markets in India and specifically, within financials.
Reforms in the NBFC sector can increase the GDP by 1 to 2%, says Mukhopadhyay.
Domestic steel players have taken a 2-3 per cent price increase on Monday.
Vedanta remains the key source of income for the parent company to meet its debt obligations.
The company plans to reduce headcount in Europe by 3,000, about a seventh of the company’s total headcount.
Vedanta said it will spend the money across oil and gas, aluminium, zinc, lead, silver and copper businesses.
The demerger also suggests that the relatively new business of real estate is doing sufficiently well to sustain itself.
Net debt increased by almost 4 per cent to Rs 1.07 lakh crore.
Avanti is expected to benefit from this since it is the largest feed producer with nearly 50 per cent market share.
Gold is currently the most liquid and probably the only asset class which is appreciating.
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