Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's biggest iron ore miner, and the state government over its decision to impose an 80% premium on ore sales from Donimalai
1 min read16 Nov 2018There may have been valid reasons for NMDC to not declare an interim dividend, but announcing it and then getting it rejected by the board does not send the right signal
3 min read20 Mar 2018Over 8.58 crore bids came in for 1.59 crore shares reserved for them, representing 5.40 times over- subscription, according to NSE data
1 min read10 Jan 2018Institutional investors bid for over 6.36 crore shares of NMDC, representing 1.68 times of the 3.79 crore shares reserved for them, as per NSE data
1 min read9 Jan 2018NMDC will have to shell out `7,527.75 crore for the buyback, which is at an 8.02% discount to current rates
2 min read8 Aug 2016NMDC, MOIL share buyback will help the government to achieve fiscal deficit target of 3.5% for 2016-17
1 min read8 Jun 2016Shares of mining companies NMDC and Moil rose on Friday, a day after both companies informed the exchanges on Thursday that they are likely to consider buyback of shares
2 min read3 Jun 2016The stock settled at Rs99.85 on BSE, a drop of 2.20% over its previous close. On NSE, it was down 2.20% to close at Rs99.90
1 min read22 Apr 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared