Vedanta Ltd is set to release its earnings today, with focus on its ability to meet debt obligations. The mining conglomerate is expected to report consolidated revenue of Rs 33,676-35,477 crore and a net profit between Rs 974 crore and Rs 1,589 crore. Operating profit is projected to be in the range of Rs 6,667 crore to Rs 7,988 crore. Vedanta reduced its net debt by Rs 1,420 crore in the September quarter, but debt reduction remains a primary concern for the market.
Asian stocks weaken as Fed policy doubts simmer
Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US