Setback to India: International panel rejects stay on Cairn arbitration
The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.
Apr 26, 2017, 14:06 PM IST
I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax
Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.
Apr 20, 2017, 15:43 PM IST
Vedanta completes Cairn merger
The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.
Apr 11, 2017, 20:45 PM IST
Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn
Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department has slapped a fresh demand note of Rs 10,247 crore on British explorer Cairn Energy Plc.
Apr 09, 2017, 14:11 PM IST
Cairn-Vedanta merger: All approval in place barring RBI
Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.
Mar 28, 2017, 14:00 PM IST
Anil Agarwal to buy stake worth $2.4 billion in Anglo American
Mining billionaire Anil Agarwal plans to buy stake in South Africa's Anglo American Plc for up to 2 billion pounds (USD 2.4 billion) to gain a foothold in diamond mining business.
Mar 16, 2017, 20:07 PM IST
Vedanta to invest $10 bn on expanding business
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.
Feb 19, 2017, 16:39 PM IST
Expect Cairn-Vedanta merger by this fiscal-end: Anil Agarwal
Mining mogul Anil Agarwal on Thursday said the merger of his group's cash-rich oil subsidiary Cairn India with parent firm Vedanta is likely to be completed by the end of this fiscal.
Oct 06, 2016, 18:53 PM IST
Vedanta's Anil Agarwal mulls processing plant, varsity in Bihar
Responding to Chief Minister Nitish Kumar's call for investment, Vedanta Resources founder Anil Agarwal today said he was planning to start a minerals processing plant and a world-class university at his home state Bihar.
Sep 09, 2016, 19:59 PM IST
Vedanta to invest Rs 3,000 crore to double copper capacity
Mining conglomerate Vedanta will invest up to Rs 3,000 crore in copper operations to double the capacity to 8 lakh tonnes by 2019, making the firm India's largest producer of the
Sep 05, 2016, 15:57 PM IST
Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal
Mining mogul Anil Agarwal on Monday said the merger of his group's cash-rich oil firm Cairn India with its parent, Vedanta Ltd is likely to be completed by year end to create India's largest diversified natural resources company.
Jul 25, 2016, 16:26 PM IST
Vedanta sweetens Cairn merger deal, offers 3 additional preference shares
Unable to quickly absorb its cash-rich oil subsidiary Cairn India, mining billionaire Anil Agarwal's Vedanta Ltd on Friday sweetened the merger deal by offering three additional preference shares.
Jul 22, 2016, 19:22 PM IST
Vedanta posts Q4 loss of Rs 11,181 crore on impairment charge
Mining major Vedanta Ltd today reported a consolidated net loss of Rs 11,181.26 crore in the march quarter last fiscal due to a non-cash impairment charge of Rs 12,304 crore largely relating to Cairn India.
Apr 28, 2016, 19:37 PM IST
Cairn India posts biggest quarterly loss of Rs10,948 crore in Q4
Cairn India on Friday reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31 mainly because of impairment loss on goodwill and non-producing oil and gas assets due to drop in oil prices
Apr 23, 2016, 00:08 AM IST
Vedanta arm wins tender to redevelop Mormugao port in Goa
Metals major Vedanta today said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for 30 years.
Apr 15, 2016, 20:19 PM IST
Cairn India, Vedanta merger only after tax liability settled: Government
In a setback to mining mogul Anil Agarwal, the government today said it will not allow him to merge subsidiary Cairn India with his flagship firm Vedanta Ltd unless the Rs 10,247 crore tax issue is settled
Apr 11, 2016, 16:27 PM IST
Vedanta sells 1.6 MT of iron ore from Goa in January-March
Metals and mining group Vedanta today said the Goan iron ore arm reported sales of 1.6 million tonnes (MT) during January-March quarter of the last fiscal
Apr 11, 2016, 14:46 PM IST
India's aluminium consumption to rise to 20 million tonnes: Anil Agarwal
Describing aluminium as the future, Vedanta Resources Chairman Anil Agarwal today said the consumption of the metal will rise to 20 million tonnes (MT) from the present 2 MT going ahead.
Mar 26, 2016, 17:09 PM IST
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Mar 21, 2016, 13:38 PM IST
Davos 2016: India has chance to cement 'bright spot' status, says Vedanta chief
Referring to Finance Minister Arun Jaitley's statement here at WEF that "any economy needs multiple engines of growth", Agarwal said it is now becoming increasingly clear that services alone cannot drive India.
Jan 23, 2016, 16:51 PM IST
