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[ad_1] NEW DELHI: In a first, Vedanta and electronics manufacturing firm Foxconn on Monday unveiled their plan to set up a semiconductor and display manufacturing facility in Ahmedabad, news agency PTI reported quoting sources. This will be the first manufacturing facility for semiconductors in India. The joint venture had last year signed a memorandum of understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. The deal was biggest ever corporate investment in the history of independent India. "After a detailed site analysis in consultation with Gujarat government authorities, the joint venture entity of Vedanta and Foxconn has selected Dholera SIR for setting up their semiconductor and display manufacturing facility. The project is in the advanced stage of evaluation by the government of India," the official told PTI. The facility that will be set up in Gujarat is expected to create 1 lakh job opportunities, Gujar

[ad_1] Last Updated: June 28, 2023, 08:17 IST Stocks to Watch on June 28:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,862.50, up 51.5 points or 0.27% from the previous close. HDFC Ltd: The company said that the process of HDFC-HDFC Bank merger is underway, and the effective date is currently tentative and subject to change. This comes after its chairman Deepak Parekh said that the merger was expected to be completed on July 1, 2023. Additionally, HDFC announced the merger of its wholly-owned subsidiaries, HDFC Investments Limited and HDFC Holdings Limited, with HDFC Limited. Vedanta: Sources have told CNBC-TV18 that Vedanta-Foxconn has submitted a revised application to the Ministry of Electronics and Information Technology (MeitY) to establish a semiconductor fabrication unit in the country. The updated application comes in response to the new guidelines issued by MeitY and aims to

[ad_1] Last Updated: July 10, 2023, 12:41 IST Hindustan Zinc Dividend Announced Hindustan Zinc Dividend: The downward move in the share price came after it declared an interim dividend; Know Record Date, Other Details Shares of Hindustan Zinc (HZL) on Monday slipped over 5 per cent on the stock exchanges. The stock hit a day low of Rs 322.30 over its previous close of Rs 340.50. At today’s low price, the scrip traded 15.85 per cent lower from its 52-week high of Rs 383, hit on January 19 this year. Although, it has gained 23.72 per cent from its one-year low price of Rs 260.50, a level seen on July 27, 2022. The returns given by Hindustan Zinc shares over the last 12 months stand at nearly 27 per cent, according to Trendlyne data which is higher than the return of 20 per cent given by Nifty50 during this time. The downward move in the share price came after the company declared an interim dividend of Rs 7. In continuation to our letter dated July 5, 2023, and pursuant to Regulati

[ad_1] Last Updated: July 03, 2023, 08:21 IST Stocks to Watch on July 3:  The Nifty futures contract traded on the GIFT Nifty indicates a positive start to domestic equities. The contract was trading at 19,360, up 15 points or 0.08% from the previous close. HDFC, HDFC Bank Housing Development Finance Corporation and HDFC Bank boards announced the merger of the two entities, effective from July 1 following approval from shareholders and regulators. Adani Transmission In two bulk deals, GQG Partners acquired a total of 2.13 crore shares in Adani Transmission. The GQG Partners Emerging Markets Equity Fund purchased 72.59 lakh shares at a rate of Rs 786.19 per share, while the Goldman Sachs GQG Partners International Opportunities Fund bought 1.40 crore shares at the same price of Rs 786.19 per share. GHCL Shareholders of soda ash manufacturer GHCL have rejected a resolution to reappoint its chairman Sanjay Dalmia as a director of the company, with about 32% of the votes polled agains

[ad_1] Last Updated: June 28, 2023, 08:17 IST Stocks to Watch on June 28:  The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,862.50, up 51.5 points or 0.27% from the previous close. HDFC Ltd: The company said that the process of HDFC-HDFC Bank merger is underway, and the effective date is currently tentative and subject to change. This comes after its chairman Deepak Parekh said that the merger was expected to be completed on July 1, 2023. Additionally, HDFC announced the merger of its wholly-owned subsidiaries, HDFC Investments Limited and HDFC Holdings Limited, with HDFC Limited. Vedanta: Sources have told CNBC-TV18 that Vedanta-Foxconn has submitted a revised application to the Ministry of Electronics and Information Technology (MeitY) to establish a semiconductor fabrication unit in the country. The updated application comes in response to the new guidelines issued by MeitY and aims to