Imports, falling aluminium prices may lead to job cuts: Vedanta
Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.
Jul 21, 2015, 21:55 PM IST
Cairn India says merger with parent Vedanta is on track
Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.
Jul 21, 2015, 15:03 PM IST
Vedanta looks to regain market share after Goa mining resumption
Vedanta Limited, which has managed to retain 80 per cent of its earlier mining capacity in Goa after state government's renewal of the leases, is now looking to regain the lost market share, a senior official said.
Jul 13, 2015, 10:04 AM IST
Vedanta confident of closing Cairn merger by March
Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said on Sunday.
Jul 12, 2015, 17:07 PM IST
Vedanta hopeful of resuming iron ore mining in Goa by Oct
Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.
Jul 11, 2015, 19:20 PM IST
Vedanta-Cairn merger to be good for both's shareholders: Anil Agarwal
Listing the positives of the proposed merger of Cairn India with his Vedanta Ltd, its chairman Naveen Agarwal said that the move would not only strengthen the company`s cash-flows but also allow Cairn India`s shareholders to get access to Vedanta`s well invested metals and mining assets which have low cost and long life.
Jul 11, 2015, 19:18 PM IST
Sterlite Technologies eyes defence contract worth Rs 7,000 cr
The optical fibre manufacturer is also connecting defence establishments in Jammu & Kashmir with high-speed optical fibres.
Jul 06, 2015, 15:53 PM IST
Sterlite to invest Rs 400cr, up optic fibre capacity to 30m km
Sterlite Technologies will invest up to Rs 400 crore on capacity expansion as it targets a major part of the Rs 72,000-crore BharatNet project.
Jul 05, 2015, 15:10 PM IST
Anil Agarwal's bonus up 28% to Rs 8.85 cr in FY15
Vedanta in its annual report to shareholders, ahead of its annual general meeting (AGM) on August 3 in London, said the base compensation for Agarwal will remain unchanged at 1.608 million pounds.
Jul 05, 2015, 12:29 PM IST
Digital India huge opportunity for health, education: Anil Agarwal
Agarwal, who heads the mining giant Vedanta Resources Plc, is the Non-Executive Chairman of Sterlite Technologies Ltd (STL) which is involved majorly in laying the optical fibre network to connect 2.5 lakh gram panchyats.
Jul 01, 2015, 16:16 PM IST
'Digital India' to attract FDI, create jobs: Anil Agarwal
Prime Minister Narendra Modi's 'Digital India' drive will attract foreign direct investment in the country and generate jobs, Vedanta Group Chairman Anil Agarwal said on Tuesday.
Jun 30, 2015, 19:07 PM IST
Vedanta readies Rs 400-cr funding facelift for anganwadis
The Vedanta Foundation, the philanthropic arm of metal and mining major Vedanta, will revamp 4,000 anganwadi centres across India by equipping them with TVs, solar panels and toilets.
Jun 24, 2015, 21:44 PM IST
Cairn-Vedanta deal: LIC expresses doubts over valuations, debt
LIC owns 9.06 percent in Cairn India, second only to 9.82 percent of UK's Cairn Energy plc. LIC also has a minority 1.77 percent holding in Vedanta. The merger needs approval of at least half of the minority shareholders.
Jun 16, 2015, 22:35 PM IST
Anil Agarwal rules out raising offer price for Cairn
Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.
Jun 16, 2015, 20:58 PM IST
HZL sees global zinc demand firming up 4-5% annually
The firm, in which billionaire Anil Agarwal-led Vedanta has a majority stake, added that closure of zinc mines across the world has led to a stronger price outlook for the metal in the medium term.
Jun 16, 2015, 15:02 PM IST
Anil Agarwal meets Arun Jaitley; discusses Vedanta-Cairn merger
Keen to get LIC support for his debt-ridden miner Vedanta Ltd absorbing cash-rich Cairn India, billionaire Anil Agarwal Monday met Finance Minister Arun Jaitley to explain the merger that hinges on minority shareholder support.
Jun 15, 2015, 21:48 PM IST
Cairn India climbs 4%, post $2.3-bn Vedanta deal
Shares of Cairn India ended with nearly 4 percent gains Monday following the decision to merge the oil firm with private miner Vedanta Ltd in a USD 2.3-billion deal.
Jun 15, 2015, 18:08 PM IST
Cairn Energy, LIC hold key to Cairn-Vedanta merger
Edinburgh-based Cairn Energy plc and state-owned insurer LIC hold the key to billionaire Anil Agarwal's move to absorb his cash-rich oil firm Cairn India Ltd into debt-laden resources arm Vedanta Ltd.
Jun 15, 2015, 17:14 PM IST
'Vedanta to be accountable for Cairn's $3.2 billion tax demand'
The I-T Department had in March imposed a tax demand of Rs 20,495 crore on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy.
Jun 15, 2015, 16:12 PM IST
'Frustrated' by Rs 20,495-crore tax demand on Cairn: Vedanta
With its subsidiary Cairn India facing Rs 20,495-crore tax notice, billionaire Anil Agarwal-led Vedanta Group Sunday said it is "frustrated" by the tax demand raised on it using retrospective legislation.
Jun 14, 2015, 18:21 PM IST
