Vedanta gets long term ratings upgrade from ICRA following QIP, Hind Zinc OFS

Vedanta’s long-term ratings were upgraded by ICRA following successful fund-raising efforts, including a $1 billion QIP and $400 million OFS of Hindustan Zinc shares. These moves are expected to improve credit metrics and reduce debt, enhancing financial flexibility.

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Hospital stocks gain on safe-haven buying

In past one month, most hospital stocks such as Max Healthcare, Apollo Hospitals, Fortis Healthcare, Healthcare Global and Rainbow Children’s Medicare, among other, have surged