Forced to take tough calls to protect biz: Albanese on job cuts
Metals and mining conglomerate Vedanta Group was forced to take recourse to "tough" measures like job cuts to protect its businesses in difficult market conditions, a top company official has said.
Oct 27, 2015, 19:22 PM IST
Vedanta urges Centre for reasonable tax regime
Mining firm Vedanta Wednesday urged the government for a reasonable taxation regime, saying that iron ore mining companies shell out as high as 45 percent in taxes.
Oct 07, 2015, 21:43 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
Hindustan Zinc CEO to head Vedanta's global unit
Hindustan Zinc has approved the appointment of its Chief Executive Officer Akhilesh Joshi as the President of Vedanta Group's global zinc business, while Deputy CEO Sunil Duggal has been named to succeed him.
Sep 18, 2015, 16:12 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
No decision yet on Cairn-Vedanta deal: United India Insurance
Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.
Aug 04, 2015, 22:55 PM IST
Cairn India shares gain over 6% on bourses
Shares of Cairn India Thursday gained over 6 percent amid reports that its erstwhile parent firm Cairn Energy may vote against the merger of the company with Vedanta.
Jul 23, 2015, 21:25 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
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 Q1 net falls 24% as oil prices hit a soft patch
Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.
Jul 21, 2015, 21:49 PM IST
Hind Zinc Q1 Net up 19% to Rs1921 cr; mineral production up 42%
Vedanta Group firm Hindustan Zinc Ltd (HZL) Monday reported a 19 percent growth in its net profit at Rs 1,921 crore for the first quarter ended June 30, 2015, helped by higher volume and rupee depreciation.
Jul 20, 2015, 19:51 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
'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
Cairn India recoups loss, shares end 7% up
Shares of Cairn India bounced back 7 percent Wednesday, a day after it saw selling pressure in the wake of Vedanta merger reports.
Jun 10, 2015, 18:31 PM IST
Vedanta to refinance loans worth $1.6 bn in Indian markets
Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.
May 17, 2015, 14:46 PM IST
Vedanta ropes in Anuradha Dutt as addl independent director
Vedanta on Tuesday appointed prominent lawyer Anuradha Dutt an additional independent director to its board.
Apr 28, 2015, 17:50 PM IST
Hindustan Zinc's Q4 Net up 6.2% to Rs 1,997 cr
Vedanta Group firm Hindustan Zinc Monday reported a 6.2 percent growth in its net profit at Rs 1,997 crore for the quarter ended March 31, 2015.
Apr 20, 2015, 18:04 PM IST
Sesa Sterlite's iron ore, oil output dips in FY'15
Minerals major Sesa Sterlite Friday reported a decline in production of oil and gas, zinc and iron ore for the financial year 2014-15.
Apr 10, 2015, 17:45 PM IST
Vedanta Group asks employees to give up subsidised LPG
The move comes close on heels of Tata Group requesting its employees to voluntarily consider giving up use of subsidised LPG.
Apr 08, 2015, 14:54 PM IST
