close
This ad will auto close in 10 seconds

Vedanta's Anil Agarwal mulls processing plant, varsity in Bihar

Responding to Chief Minister Nitish Kumar's call for investment, Vedanta Resources founder Anil Agarwal today said he was planning to start a minerals processing plant and a world-class university at his home state Bihar.

Jobs in entrepreneurial companies not for life: Vedanta CEO Tom Albanese

Jobs in entrepreneurial companies not for life: Vedanta CEO Tom Albanese

With three CEOs quitting since it took over oil producer Cairn India, mining mogul Anil Agarwal's Vedanta Ltd has defended the high turnover, saying jobs in entrepreneurial companies are not for life and is based on what people can do for the company in future.

Vedanta merger: Cairn calls shareholders' meeting on September 12

Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal.

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.

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

Anil Agarwal wants to model Vedanta on GE lines

Anil Agarwal wants to model Vedanta on GE lines

The Patna-born mining mogul Anil Agarwal plans to convert his group Vedanta Resources Plc into a GE-like institution -- a board-run conglomerate run by best professionals -- as he does not see his children taking over the mantle from him.

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.

Filed suit against govt to expedite pricing case: Anil Agarwal

Filed suit against govt to expedite pricing case: Anil Agarwal

Lamenting that decision making in India could have been quicker, mining baron Anil Agarwal has said his company Cairn India filed a suit against government to "help" latter decide on price and tenure of Rajasthan oilfield faster.

Govt can get $3.7 billion for its stake in HZL, Balco: Anil Agarwal

Govt can get $3.7 billion for its stake in HZL, Balco: Anil Agarwal

Keen to buy government's residual stake in Hindustan Zinc and Bharat Aluminium Co, Vedenta Resources Chairman Anil Agarwal Thursday said the government can get Rs 25,000 crore (about USD 3.7 billion) from stake sale.

Anil Agarwal firm to invest $10 bn on LCD manufacturing firm

Anil Agarwal firm to invest $10 bn on LCD manufacturing firm

 NRI billionaire Anil Agarwal today announced that it will set up India's first LCD manufacturing facility, which will see an investment of USD 10 billion (about 68,000 crore) in five phases.

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.

 

India has potential to attract $100 bn investment: Agarwal

India has potential to attract $100 bn investment: Agarwal

Vedanta Ltd is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil and gas.

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.

'Vedanta not considering sweetening Cairn merger offer'

'Vedanta not considering sweetening Cairn merger offer'

With minority shareholders of Cairn India said to be against the merger of the company with parent Vedanta Ltd, Vedanta Group Chairman Anil Agarwal Thursday hoped he wouldn't have to sweeten the merger offer.

India can become engine of global economic growth: Anil Agarwal

India can become engine of global economic growth: Anil Agarwal

Agarwal said companies who want to invest in India can raise capital in the UK to invest in India's growth story.

Vedanta Resources net loss widens in H1 FY'16; halts dividend

Vedanta Resources net loss widens in H1 FY'16; halts dividend

Vedanta Resources Wednesday reported widening of its net loss to USD 324.5 million in the first half of the current fiscal as the mining conglomerate faced challenging commodities market.

Cairn-Vedanta merger to take place in June 2016, says Group firm

Cairn-Vedanta merger to take place in June 2016, says Group firm

Mining baron Anil Agarwal-led Vedanta Resources Wednesday said the merger of its subsidiaries Vedanta Ltd and cash-rich Cairn India will happen in June quarter of 2016 as against the first quarter stated previously.

Vedanta Q2 net profit declines 41% to Rs 974 crore

Vedanta Q2 net profit declines 41% to Rs 974 crore

Vedanta Ltd Tuesday reported 40.6 percent drop in consolidated net profit to Rs 973.97 crore for the quarter ended September 30 on the back of lower commodity prices.

Cairn tax row: Will appoint arbitrator to resolve issue, India tells ICJ

Cairn tax row: Will appoint arbitrator to resolve issue, India tells ICJ

 India has told the International Court of Justice that it will soon appoint an arbitrator to resolve the Rs 10,247-crore tax dispute with British oil explorer Cairn Energy Plc.