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Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

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.

Vedanta sweetens Cairn merger deal, offers 3 additional preference shares

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.

Vedanta posts Q4 loss of Rs 11,181 crore on impairment charge

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.

Cairn India posts biggest quarterly loss of Rs10,948 crore in Q4

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

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.

Cairn India, Vedanta merger only after tax liability settled: Government

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

Vedanta sells 1.6 MT of iron ore from Goa in January-March

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

India's aluminium consumption to rise to 20 million tonnes: Anil Agarwal

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.

Expert analysis on Vedanta

Expert analysis on Vedanta

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Davos 2016: India has chance to cement 'bright spot' status, says Vedanta chief

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.

Vedanta revamps top deck; appoints Samir Cairae as India metals business CEO

Vedanta revamps top deck; appoints Samir Cairae as India metals business CEO

Cairae, who previously worked with cement maker Lafarge and oil driller Schlumberger, will report to Vedanta Resources Group CEO Tom Albanese, the firm led by NRI billionaire Anil Agarwal said in a statement.

 

Will try to keep loss-making Lanjigarh unit running: Vedanta

The Vedanta Group, which has set up a 1 MTPA refinery at Lanjigarh in Odisha's Kalahandi district, had earlier initiated process for gradual closure of the plant due to shortage of raw material.

Hindalco, Vedanta edge lower on Sensex exit from December 21

Hindalco's scrip dipped 4 percent to Rs 74.20 on BSE and Vedanta fell by 3 percent to Rs 90.35.

Vedanta, Hindalco to exit Sensex on December 21

Vedanta, Hindalco to exit Sensex on December 21

These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.

Private investment in July-Sept quarter Rs 2.25 lakh crore; highest quarterly rise since 2011

Private investment in July-Sept quarter Rs 2.25 lakh crore; highest quarterly rise since 2011

Could it be signaling economic recovery? Data shows that private companies' investment rose 54% year on year, in the July to September period, the highest in any quarter since 2011.

Vedanta lines up over Rs 20,500 cr for Rajasthan business

Mining conglomerate Vedanta has set aside more than Rs 20,500 crore towards investment in oil and gas and zinc business in Rajasthan over the next three years.

Balco begins process to shut rolling biz; to cut 1,000 jobs

Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.

Vedanta's Goa mine may restart iron ore export to China

Representatives of steel manufacturing mills from China's Jiangsu province and Tangshan area are currently in Goa to have discussions with officials of Vedanta's subsidiary, Sesa Iron ore.

Vedanta to issue Rs 2,000-cr NCDs to refinance debt

The issuance of NCDs is part of the overall debt refinancing of the company to substitute short-term liabilities and/or to retire higher cost debt, the filing added.

Govt wants mining to restart from October: Goa CM

Goa Chief Minister Laxmikant Parsekar has said the government will issue directions to mine operators in the state to resume operations.