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.

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.

Vedanta to start iron ore mining operations in Goa next week

Mining conglomerate Vedanta Ltd is likely to start iron ore mining operations at the Codli mines in Goa on August 10.

Aviva opposes Cairn India's merger with Vedanta

Opposing Vedanta's all-share merger deal, Aviva said there was "a risk of the Vedanta Group misallocating capital" of oil producer Cairn India to pay off its huge debt.

May take some difficult decisions: Vedanta on aluminium biz

Terming the market situation for domestic aluminium producers as "very challenging", Vedanta on Wednesday said the firm might be forced to take "some difficult decisions" on jobs to cut costs.

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.

Anil Agarwal's bonus up 28% to Rs 8.85 cr in FY15

Vedanta in its annual report to shareholders, ahead of its annual general meeting (AGM) on August 3 in London, said the base compensation for Agarwal will remain unchanged at 1.608 million pounds.

Digital India huge opportunity for health, education: Anil Agarwal

Agarwal, who heads the mining giant Vedanta Resources Plc, is the Non-Executive Chairman of Sterlite Technologies Ltd (STL) which is involved majorly in laying the optical fibre network to connect 2.5 lakh gram panchyats.

'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.

HZL sees global zinc demand firming up 4-5% annually

The firm, in which billionaire Anil Agarwal-led Vedanta has a majority stake, added that closure of zinc mines across the world has led to a stronger price outlook for the metal in the medium term.

'Vedanta to be accountable for Cairn's $3.2 billion tax demand'

The I-T Department had in March imposed a tax demand of Rs 20,495 crore on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter, Cairn Energy.

Cairn India, Vedanta shares jump on $2.3 bn deal

Cairn India went up 3.54 percent to Rs 187.15 on BSE. Shares of Vedanta too climbed 2.82 percent to Rs 189.20 on BSE.

Cairn India, Vedanta Boards to meet on Sunday for merger talks

The Boards of Cairn India and Vedanta Ltd will separately meet Sunday to discuss on the proposed merger of the firms.

Cairn India, Vedanta boards to meet on Sunday amid merger speculation

On Friday, India`s oil minister, Dharmendra Pradhan, told Reuters he had met Cairn executives this week to discuss the potential merger and a source familiar with the matter had said the deal could be announced as early as Sunday.