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S&P removes Vedanta from negative credit watch on reduced risk

May 17, 2013

Standard & Poor's has removed Vedanta Resources from negative credit watch saying that the London-listed firm's re-financing risk has reduced after securing funds. #S&P #Business #WhyNow #Vedanta #companies
New hurdles: Is Vedanta fighting a losing battle for Niyamgiri?

May 17, 2013

An MoU between an Odisha Mining Corporation and Vedanta has come in for questioning from the Tribal Affairs Ministry, which has contended that it is against the letter and spirit of the Constitution and its provisions. #ToWhatEffect #Vedanta #MINING #Odisha #Niyamgiri hills #Bauxite mining
Cairn India helps Vedanta up profit by 21%

May 16, 2013

India-focused miner Vedanta's full-year earnings rose 21 percent, as revenue from oil and gas assets acquired in late 2011 helped offset iron ore mining bans that cost it almost $500 million in lost profit. #Vedanta #EarningsShow #Cairn India #O&G company

Blog posts

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Get set for an avalanche of M&As in 2012 as PEs opt out

Jan 01, 1970

As several private equity deals of 2007-08 came close to fruition, 2012 should see a step up in deal-making, acquisitions and divestitures. #DealStream #Private equity #Grant Thornton #M&As #Munesh Khanna #Vedanta plc

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Economic Times
S&P removes Vedanta from negative credit watch

2013-05-17 11:16:00

NEW DELHI: Standard & Poor's has removed Vedanta Resources from negative credit watch saying that the London-listed firm's re-financing risk has reduced after securing funds. "We affirmed the ratings and removed them from CreditWatch because Vedanta's re #Vedanta Resources #London #Standard & Poor's
Moneycontrol.com
Vedanta profit rises 21% as oil offsets iron ore hit

2013-05-16 12:06:00

Vedanta said earnings before interest, tax, depreciation and amortisation (EBITDA) for the year to the end of March totalled USD 4.89 billion, in line with market forecasts. Like this story, share it with millions of investors on M3 Vedanta said earnings #India #Goa
Topnews.in
Vedanta core profits rose 21% at $4.88 billion

2013-05-16 13:57:00

Vedanta Resources has said that it has recorded an increase of 21 per cent in its core profits at US$ 4.888 billion for the financial year 20012-2013. The India focused natural resources giant had recorded a. earnings before interest, taxes, depreciation #Vedanta Resources #India

Editor's picks

Why India is concerned about supplying arms to Afghanistan

From across the Hindu Kush, a plea for Indian help. Hamid Karzai wants New Delhi to provide artillery and military transport aircraft. It won’t cost India much—but New Delhi is worried about upsetting Pakistan, and wary of making commitments before it becomes clear which way the political wind is blowing in Kabul.
Sreesanth and IPL spot fixing: Why history makes it so hard to believe the police

With the glut of information regarding the IPL spot fixing scandal and the three cricketers how much of it can we really trust?
Phaneesh Murthy admits to relationship with employee

This is the second time the IT industry veteran has been involved in a sex scandal.
Despite BJP edge over Cong, both NDA and UPA are conjectures

Opinion polls show the BJP and the NDA ahead of the Congress and UPA. But it is the regional parties that are likely to make the biggest gains. NDA and UPA are post-poll creatures

Not just niceties, China and India need to focus on thorny issues

India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
Why the Indian media gives a damn about poverty

In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
Goa meet: Will the BJP finally find a way out of its troubles?

Can the party resolve internal discord and take a call on Modi’s PM candidature?
Why Dhoni, Tendulkar can't distance themselves from spot fixing

Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.

Angelina’s breast surgery possible in India, but there's a catch

So can we test in India and gain from the same treatment privilege that Jolie had? Yes, but there is a catch.
IPL 2013 KKR vs PWI Live: Yusuf kicks KKR out of the IPL

Live detailed updates as KKR take on Pune in a must-win game at Ranchi.
Wrong on Ghaziabad: The Kiran Bedi argument for moral policing

Bedi’s argument that we should focus on the legal wrong committed by the girl slapped by cops is technical, disingenuous and enabling.
Cloak but no dagger: The awfully mundane world of spies

There’s an endearing quality to reports that a CIA spy was arrested in Moscow: he comes across as a bumbling amateur who represents the lost Age of Innocence in the world of espionage.

From here on, Sonia-Manmohan dyarchy is a slow train wreck

The “two heads” power arrangement between Congress president Sonia Gandhi and Prime Minister Manmohan Singh is coming apart at the seams.
Lessons from Karnataka: Cong must stop backing corrupt leaders in Andhra

The fact that it has allowed individuals named in chargesheets to continue as ministers is evidence that the Congress runs Andhra Pradesh as if it is its fiefdom, without a care for ethics in public life.
IPL 2013: How Isa Guha is changing perceptions about cricket presenters

Isa Guha is not your usual female cricket presenter. Apart from being an ex-player, she’s highly educated and injects a breath of fresh air on Indian screens.
Android and Chrome aren't merging for now, says Google's Sundar Pichai

Pichai has emphasised that Google is embracing both Chrome and Android is investing in both at least for now.