S&P Global Ratings 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 its other obligations on time. The cut comes after Moody’s downgraded the miner’s corporate family rating and senior unsecured bonds earlier this week.
10 Nifty largecaps with up to 38 buy calls; analysts see up to 20% upside
Brokerages remain bullish on select Nifty large-cap stocks across sectors, with several companies receiving over 30 ‘buy’ calls from analysts, according to Trendlyne data. These