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Vedanta's notes maturing in April 2026 were among the top performers in India's high-yield sector last year, delivering an 80% return as Agarwal worked to reduce the group's debt. Junk bonds offered the highest returns in 2024 for dollar-denominated issuances by Indian companies.
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We have not reduced our own risk in our portfolios. But we are suspecting that at some point this year, there will be a reason to do so and so for now, no. But at some point, yes, there will be a time to move into cash.
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News and Media
Delta Corp shares surged 15.4% to Rs 130.8 after the Supreme Court stayed proceedings on show cause notices worth Rs 1.12 lakh crore issued by GST authorities to online gaming companies. The stay provides relief to gaming firms, including Gameskraft and Games 24x7, as they are not required to pay the tax amount until the matter is fully heard and decided in March.
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News and Media
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