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.

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.

Centre can't stop us from exporting crude: Cairn India to HC

Centre can't stop us from exporting crude: Cairn India to HC

Cairn India Tuesday claimed in the Delhi High Court that under Foreign Trade Policy, the Centre cannot stop it from exporting crude from its Rajasthan oil field.

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.

Govt lost Rs 1400 crore as Cairn not allowed to export oil: HC told

Govt lost Rs 1400 crore as Cairn not allowed to export oil: HC told

Cairn India Tuesday told Delhi High Court that a loss of Rs 1400 crore has been caused to the government as the company was forced to sell its share of crude from its Rajasthan oil field to private players at prices 20 percent less than the global rates.

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.

Forced to take tough calls to protect biz: Albanese on job cuts

Metals and mining conglomerate Vedanta Group was forced to take recourse to "tough" measures like job cuts to protect its businesses in difficult market conditions, a top company official has said.

Vedanta urges Centre for reasonable tax regime

Mining firm Vedanta Wednesday urged the government for a reasonable taxation regime, saying that iron ore mining companies shell out as high as 45 percent in taxes.

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.

Hindustan Zinc CEO to head Vedanta's global unit

Hindustan Zinc CEO to head Vedanta's global unit

Hindustan Zinc has approved the appointment of its Chief Executive Officer Akhilesh Joshi as the President of Vedanta Group's global zinc business, while Deputy CEO Sunil Duggal has been named to succeed him.

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.

No decision yet on Cairn-Vedanta deal: United India Insurance

Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.

Cairn India shares gain over 6% on bourses

Shares of Cairn India Thursday gained over 6 percent amid reports that its erstwhile parent firm Cairn Energy may vote against the merger of the company with Vedanta.

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 Q1 net falls 24% as oil prices hit a soft patch

Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.

Hind Zinc Q1 Net up 19% to Rs1921 cr; mineral production up 42%

Vedanta Group firm Hindustan Zinc Ltd (HZL) Monday reported a 19 percent growth in its net profit at Rs 1,921 crore for the first quarter ended June 30, 2015, helped by higher volume and rupee depreciation.

'Digital India' to attract FDI, create jobs: Anil Agarwal

Prime Minister Narendra Modi's 'Digital India' drive will attract foreign direct investment in the country and generate jobs, Vedanta Group Chairman Anil Agarwal said on Tuesday.