Vedanta Group has cut nearly 4,000 jobs in India since January
Vedanta Group has cut nearly 4,000 jobs in India since January

Metals and mining conglomerate Vedanta Resources, which has a sizable presence in India in oil and gas, aluminium, iron ore and zinc sectors, has slashed nearly 4,000 direct and indirect jobs in the country since January this year.

Vedanta-Cairn India merger gets BSE, NSE approval
Vedanta-Cairn India merger gets BSE, NSE approval

In June, India's largest private miner Vedanta Ltd had announced it will absorb oil firm Cairn India in a USD 2.3 billion all-share deal to create the country's largest diversified natural resources firm.

Vedanta on major cost cutting drive at Goa iron ore business

Mining conglomerate Vedanta has started a major cost cutting drive at its iron ore business in Goa amid subdued market sentiments and depressed prices of the commodity in global markets.

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 Ltd raises Rs 2,000-cr from SBI through NCDs

Mining Conglomerate Vedanta Ltd has raised Rs 2,000 crore from country's largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).

Cairn seeks quick resolution to tax row
Cairn seeks quick resolution to tax row

As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.

Vedanta resumes iron ore mining in Goa, pegs rate below $45/tn

The Anil Agarwal-led company today said it has received all approvals to restart mining at its Codli and Bicholim mines in Goa while announcing the reopening of Codli mine.

Vedanta to restart iron ore mining operations in Goa

Anil Agarwal-led mining firm Vedanta on Monday said it has received necessary government approvals and will resume operations from today at its biggest iron ore mine at Codli in Sanguem taluka in Goa.

Aviva Investors opposes Vedanta Ltd takeover bid for Cairn India

Fund firm Aviva Investors said on Wednesday it opposed a $2.3 billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Shareholders may vote on merger with Cairn by Dec: Vedanta CEO

Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.

Cairn India merger not for refinancing debts: Vedanta CEO

Mining baron Anil Agarwal-run Vedanta Ltd today said its merger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.

Vedanta says its Cairn India buyout offer is fair

Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.

Not getting fair value in Cairn-Vedanta merger: Shareholders

Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.

Imports, falling aluminium prices may lead to job cuts: Vedanta

Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.

Cairn India says merger with parent Vedanta is on track

Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.

Vedanta looks to regain market share after Goa mining resumption

Vedanta Limited, which has managed to retain 80 per cent of its earlier mining capacity in Goa after state government's renewal of the leases, is now looking to regain the lost market share, a senior official said.

Vedanta confident of closing Cairn merger by March

Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said on Sunday.

Vedanta hopeful of resuming iron ore mining in Goa by Oct

Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.

Vedanta-Cairn merger to be good for both's shareholders: Anil Agarwal

Listing the positives of the proposed merger of Cairn India with his Vedanta Ltd, its chairman Naveen Agarwal said that the move would not only strengthen the company`s cash-flows but also allow Cairn India`s shareholders to get access to Vedanta`s well invested metals and mining assets which have low cost and long life.

Sterlite Technologies eyes defence contract worth Rs 7,000 cr

The optical fibre manufacturer is also connecting defence establishments in Jammu & Kashmir with high-speed optical fibres.