Vedanta

Vedanta News

Karti Chidambaram appears before CBI for second day in visa bribery case
India

Karti Chidambaram appears before CBI for second day in visa bribery case

The Lok Sabha MP has denied all allegations, calling the case most bogus and a result of political vendetta

How Swami Vivekananda, a modern monk with deep Vedantic roots, transformed India
India

How Swami Vivekananda, a modern monk with deep Vedantic roots, transformed India

Swami Vivekananda was as much the product of his time as he was ahead of it

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 As conditions for the same, it has withdrawn all legal challenges against the government and given an undertaking to forego all future rights pertaining to the tax demand

How India’s enemies wage dirty war using clean environment as pretext
World

How India’s enemies wage dirty war using clean environment as pretext

The use of chic causes like environment, gender, Islam as identity, or Leftist ideals gives one a glimpse into the minds of those who run shadowy, trans-world networks to influence societies, destabilise nations

As oxygen shortage continues, SC allows Vedanta to operate Tuticorin plant to meet 'national need'
India

As oxygen shortage continues, SC allows Vedanta to operate Tuticorin plant to meet 'national need'

The apex court made it clear that Vedanta shall not be allowed to enter and operate its copper smelting plant under the garb of this order and the permission to run the oxygen plant would not create any equity in the company's favour

Vedanta Group submits expression of interest in purchasing Government of India's stake in BPCL
Business

Vedanta Group submits expression of interest in purchasing Government of India's stake in BPCL

The Government of India is looking to sell its entire 52.98 percent stake in BPCL. The last date to put forward an expression of interest was 16 November

Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower
Business

Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower

Vedanta is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in fiscal 2021.

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.

Markets recover: Benchmark indices close day's session with minor losses; Vedanta, ITC, NTPC among top gainers
Business

Markets recover: Benchmark indices close day's session with minor losses; Vedanta, ITC, NTPC among top gainers

At close, the benchmark indices recovered sharply: Sensex was down 190.10 points or 0.60 percent at 31371.12, and the Nifty was down 42.65 points or 0.46 percent at 9196.55.

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.

Markets buoyant at close: Sensex rallies 743 points, Nifty tops 9,150-mark; Reliance Jio's Rs 43,574 cr deal with Facebook boosts sentiment
Business

Markets buoyant at close: Sensex rallies 743 points, Nifty tops 9,150-mark; Reliance Jio's Rs 43,574 cr deal with Facebook boosts sentiment

ZEE, Reliance industries and Asian Paints remained top gainers while ONGC, Vedanta and BPCL were the top losers.

Stock Market Today Latest Updates: Market at 3-week high as Sensex soars over 1,200 points, Nifty above 9,100; M&M zooms nearly 17%
Business

Stock Market Today Latest Updates: Market at 3-week high as Sensex soars over 1,200 points, Nifty above 9,100; M&M zooms nearly 17%

Stock Market Today LIVE Updates: Bourses erase early gains; Sensex slips 250 points, Nifty below 9,000-mark; bank stocks in green

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output
Business

India's oil production in February dips 6.4% to 2.39 million tonnes on lower private sector output

India's oil production fell 6.4 percent in February as a decline in output from fields operated by private firms negated a rise in production from ONGC fields

Sensex jumps over 200 points, Nifty above 7600-level; Infosys, HUL stocks up 6%
Business

Sensex jumps over 200 points, Nifty above 7600-level; Infosys, HUL stocks up 6%

At 10.02, the indices erases all its early gains and slipped in to red with Nifty below 7,700-mark.

Kaveri delta: How Tamil Nadu's new protected special agricultural zone will impact livelihoods
long-reads

Kaveri delta: How Tamil Nadu's new protected special agricultural zone will impact livelihoods

Kaveri Urimai Meetpu Kuzhu (Kaveri Rights Retrieval Committee) coordinator P. Maniarasan says that he and hundreds of other farmers are sceptical not about the spirit of the bill but about its efficacy to address the emerging threats.

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