Vedanta Resources’ US dollar bonds saw a slight recovery on Thursday after a previous dip triggered by Viceroy Research’s report raising debt sustainability concerns. Despite Viceroy’s accusations of a “ponzi scheme,” JPMorgan and Bank of America countered, stating that Vedanta’s financial stress appeared limited.
SpiceJet shares rise 13%, extending second-day rally amid IndiGo operational disruptions
SpiceJet shares spiked intraday as operational disruptions at rival IndiGo boosted demand for its services. Despite the short-term rally, the stock remains fundamentally weak, with