Anil Agarwal

Anil Agarwal News

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate
Business

Aatmanirbhar Silicon Valley dreams to turn to reality: Why India’s first chip factory in Gujarat is reason to celebrate

Vedanta and Taiwan’s Foxconn will invest Rs 1.54 lakh crore to set up the 1,000-acre semiconductor plant in Ahmedabad. The factory, which is expected to start production in two years, will not only employ more than one lakh people but also accelerate India’s manufacturing ambitions

‘India's Atmanirbhar Silicon Valley’: Anil Agarwal’s Vedanta invests Rs1.54 trillion for semiconductor plant in Gujarat
Business

‘India's Atmanirbhar Silicon Valley’: Anil Agarwal’s Vedanta invests Rs1.54 trillion for semiconductor plant in Gujarat

A memorandum of understanding was signed with the state government for setting up the semiconductor plant costing around Rs 1.54 lakh crore

Vedanta withdraws cases against Centre to settle Rs 20,495 crore retrospective tax dispute
Business

Vedanta withdraws cases against Centre to settle Rs 20,495 crore retrospective tax dispute

In a statement, Vedanta said it has used a recently enacted law to settle the tax dispute. As conditions for the same, it has withdrawn all legal challenges against the government and given an undertaking to forego all future rights pertaining to the tax demand

Anil Agarwal-controlled Vedanta seeks shareholders nod for delisting; e-voting till 24 June
Business

Anil Agarwal-controlled Vedanta seeks shareholders nod for delisting; e-voting till 24 June

Billionaire Anil Agarwal-controlled Vedanta Ltd on Tuesday began the process of seeking shareholders nod for delisting the company

Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's
Business

Taking Vedanta private will give Anil Agarwal-controlled parent firm access of company cash; deal credit positive: Moody's

On 18 May, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL's open offer.

Vedanta's oil and gas head Ajay Dixit quits; company says his term comes to an end
Business

Vedanta's oil and gas head Ajay Dixit quits; company says his term comes to an end

Billionaire Anil Agarwal-led Vedanta Ltd' oil and gas division Cairn CEO Ajay Dixit has decided to hang up his boots at month-end after completing his contractual term, becoming the fifth chief executive to leave the firm since it was taken over by the mining baron more than eight years back

Vedanta stock erases most of early gains, closes over 1% higher due to profit-booking; share falls over 40% this year
Business

Vedanta stock erases most of early gains, closes over 1% higher due to profit-booking; share falls over 40% this year

At the offer price of Rs 87.5, Agarwal's Vedanta Resources will have to shell out Rs 16,218 crore to acquire all of the public shareholding.

Vedanta shares zoom 10% after Anil Agarwal announces delisting plan as virus crisis deepens
Business

Vedanta shares zoom 10% after Anil Agarwal announces delisting plan as virus crisis deepens

Vedanta Resources had a market value of under Rs 33,200 crore going by Tuesday''s closing price of Rs 89.30 on the BSE

Coronavirus Outbreak: Vedanta spent Rs 151 cr on preventive healthcare, free meals
Business

Coronavirus Outbreak: Vedanta spent Rs 151 cr on preventive healthcare, free meals

Metals and mining giant Vedanta on Wednesday said it has spent Rs 151 crore so far to provide preventive healthcare to local communities and distributing free meals to daily wage workers. Having taken various precautionary measures to ensure the safety and well-being of its employees, Vedanta has reached out to over seven lakh community members to prevent the spread of the pandemic, the company said in a statement.

BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr
Business

BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr

The government plans to sell its entire 52.98 percent stake in BPCL that will give buyers ready access to 14% of India's oil refining capacity and about one-fifth of the fuel market share in the world's fastest-growing energy market.

Light at end of tunnel, Indian economy will bounce back, says Vedanta Group chief Anil Agarwal
Business

Light at end of tunnel, Indian economy will bounce back, says Vedanta Group chief Anil Agarwal

Indian economy will soon bounce back from its worst showing in 11 years as a steep cut in taxes will help attract investments and the massive infrastructure spending revives economic activity, mining baron Anil Agarwal said

Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget
Business

Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget

Ahead of the annual Union Budget presentation, Prime Minister Narendra Modi on Monday interacted with top business tycoons to discuss issues facing the economy and measures needed to boost growth and create jobs

Mining baron Anil Agarwal's father dies at 87; associated with Vedanta Foundation for last three decades
Business

Mining baron Anil Agarwal's father dies at 87; associated with Vedanta Foundation for last three decades

Deeply shocked & saddened by the passing away of my beloved father, Sri Dwarka Prasad Agarwal. An irreplaceable loss to me and my family," Agarwal, Executive Chairman of Vedanta Resources Ltd tweeted

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal
Business

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal

Vedanta Resources Chairman Anil Agarwal on Monday said if the government reduces its stake in public sector companies and banks to 50 percent, they will work more efficiently

Anil Agarwal-led Vedanta's Q2 profit rises 6% to Rs 2,158 cr; revenue falls 3% to Rs 21,739 cr
Business

Anil Agarwal-led Vedanta's Q2 profit rises 6% to Rs 2,158 cr; revenue falls 3% to Rs 21,739 cr

Mining baron Anil Agarwal-led Vedanta Ltd on Thursday posted a 60.6 percent rise in consolidated profit to Rs 2,158 crore for the quarter ended 30 September

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report
Business

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug
Business

Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug

The bankruptcy court had on 20 June appointed Ashish Chhawchharia as RP, who late last month had floated EoIs for Jet Airways that stopped flying mid-April.

Anil Agarwal's Twin Star Tech not to bid for debt-ridden RCom's assets; to make formal announcement soon
Business

Anil Agarwal's Twin Star Tech not to bid for debt-ridden RCom's assets; to make formal announcement soon

RCom lenders have claimed dues of around Rs 49,000 crore on the company till May 2019.

Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week
Business

Jet Airways crisis: Lenders mull liquidation of grounded airline after EoIs attract no major bidder, CoC may meet this week

The decision of Abu Dhabi-based Etihad Airways to exit from the resolution plan of the crisis-hit airline has reportedly hastened Jet Airways' liquidation process.

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline
Business

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline

In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.