India can become engine of global economic growth: Anil Agarwal
Agarwal said companies who want to invest in India can raise capital in the UK to invest in India's growth story.
Nov 13, 2015, 20:32 PM IST
Vedanta Resources net loss widens in H1 FY'16; halts dividend
Vedanta Resources Wednesday reported widening of its net loss to USD 324.5 million in the first half of the current fiscal as the mining conglomerate faced challenging commodities market.
Nov 04, 2015, 18:38 PM IST
Cairn-Vedanta merger to take place in June 2016, says Group firm
Mining baron Anil Agarwal-led Vedanta Resources Wednesday said the merger of its subsidiaries Vedanta Ltd and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.
Nov 04, 2015, 18:34 PM IST
Vedanta Q2 net profit declines 41% to Rs 974 crore
Vedanta Ltd Tuesday reported 40.6 percent drop in consolidated net profit to Rs 973.97 crore for the quarter ended September 30 on the back of lower commodity prices.
Oct 27, 2015, 18:06 PM IST
Cairn tax row: Will appoint arbitrator to resolve issue, India tells ICJ
India has told the International Court of Justice that it will soon appoint an arbitrator to resolve the Rs 10,247-crore tax dispute with British oil explorer Cairn Energy Plc.
Oct 25, 2015, 11:05 AM IST
Vedanta may discuss on sweetening Cairn India deal next week
The Board of mining billionaire Anil Agarwal-controlled Vedanta Ltd will meet on Tuesday amid talks of the company being forced to sweeten its offer for absorbing its cash-rich oil subsidiary Cairn India.
Oct 23, 2015, 22:21 PM IST
Cairn India Q2 hit by lower oil, profit slumps 70% to Rs 673 crore
Cairn, which operates India's biggest onland oilfield at Barmer district in Rajasthan, reported net profit dropping to Rs 673 crore or Rs 5.54 per share in July-September compared with Rs 2,278 crore or Rs 13.77 per share in the same period a year ago.
Oct 21, 2015, 20:47 PM IST
Vedanta Group has cut nearly 4,000 jobs in India since January
Metals and mining conglomerate Vedanta Resources, which has a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has slashed nearly 4,000 direct and indirect jobs in the country since January this year.
Sep 23, 2015, 18:55 PM IST
Vedanta-Cairn India merger gets BSE, NSE approval
In June, India's largest private miner Vedanta Ltd had announced it will absorb oil firm Cairn India in a USD 2.3 billion all-share deal to create the country's largest diversified natural resources firm.
Sep 15, 2015, 18:51 PM IST
Vedanta on major cost cutting drive at Goa iron ore business
Mining conglomerate Vedanta has started a major cost cutting drive at its iron ore business in Goa amid subdued market sentiments and depressed prices of the commodity in global markets.
Sep 15, 2015, 18:46 PM IST
Balco begins process to shut rolling biz; to cut 1,000 jobs
Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.
Sep 14, 2015, 15:12 PM IST
Vedanta Ltd raises Rs 2,000-cr from SBI through NCDs
Mining Conglomerate Vedanta Ltd has raised Rs 2,000 crore from country's largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).
Aug 24, 2015, 18:58 PM IST
Cairn seeks quick resolution to tax row
As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.
Aug 12, 2015, 15:49 PM IST
Vedanta resumes iron ore mining in Goa, pegs rate below $45/tn
The Anil Agarwal-led company today said it has received all approvals to restart mining at its Codli and Bicholim mines in Goa while announcing the reopening of Codli mine.
Aug 10, 2015, 21:01 PM IST
Vedanta to restart iron ore mining operations in Goa
Anil Agarwal-led mining firm Vedanta on Monday said it has received necessary government approvals and will resume operations from today at its biggest iron ore mine at Codli in Sanguem taluka in Goa.
Aug 10, 2015, 11:48 AM IST
Aviva Investors opposes Vedanta Ltd takeover bid for Cairn India
Fund firm Aviva Investors said on Wednesday it opposed a $2.3 billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
Aug 05, 2015, 23:18 PM IST
Shareholders may vote on merger with Cairn by Dec: Vedanta CEO
Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.
Jul 29, 2015, 22:14 PM IST
Cairn India merger not for refinancing debts: Vedanta CEO
Mining baron Anil Agarwal-run Vedanta Ltd today said its merger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.
Jul 24, 2015, 13:54 PM IST
Vedanta says its Cairn India buyout offer is fair
Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.
Jul 23, 2015, 21:27 PM IST
Not getting fair value in Cairn-Vedanta merger: Shareholders
Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.
Jul 21, 2015, 22:12 PM IST
