Vedanta

Vedanta hit by up to $600 million charge for Goa iron ore unit closure

Vedanta hit by up to $600 million charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families. 

Mar 29, 2018, 23:37 PM IST
Anil Agarwal to boost Anglo American stake, invest $2 billion

Anil Agarwal to boost Anglo American stake, invest $2 billion

De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.

Sep 21, 2017, 17:50 PM IST

Vedanta chairman wants govt to lessen approvals for businesses

The government needs to improve business climate further, encourage self certification and trust entrepreneurs for promoting new businesses, NRI billionaire Anil Agarwal said on Thursday.

Aug 31, 2017, 15:48 PM IST
Vedanta's dream has just begun; to invest $6-7 billion

Vedanta's dream has just begun; to invest $6-7 billion

Vedanta Ltd had reported a consolidated net profit of Rs 2,988 crore for the quarter ended March 2017.

Jun 26, 2017, 16:47 PM IST

Vedanta gets nod to raise up to Rs 350 crore via NCDs

Vedanta Ltd on Wednesday said that a board-appointed panel has approved raising up to Rs 350 crore via issuance of non-convertible debentures.

May 31, 2017, 14:06 PM IST
Vedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore

Vedanta Ltd Q4 net profit grows 3.4 times to Rs 2,971 crore

Metal and mining conglomerate Vedanta Ltd on Monday saw its consolidated net profit jump over three fold to Rs 2,971 crore for the fourth quarter to March on the back of higher income.

May 15, 2017, 16:33 PM IST

Statue of Sri Madhwacharya installed in Udupi

A 32-feet tall monolithic statue of Sri Madhwacharya, the celebrated 13th century preacher and proponent of Dwaita (dualism) theory of Vedanta, has been installed at Kunjarugiri hillock near Udupi.

May 09, 2017, 14:12 PM IST
Setback to India: International panel rejects stay on Cairn arbitration

Setback to India: International panel rejects stay on Cairn arbitration

The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.

Apr 26, 2017, 14:06 PM IST
I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.

Apr 20, 2017, 15:43 PM IST
Vedanta completes Cairn merger

Vedanta completes Cairn merger

The merger of cash-rich oil producer Cairn India into its debt-ridden parent Vedanta Ltd is now complete, the two firms announced on Tuesday.

Apr 11, 2017, 20:45 PM IST
Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn

Tax dept slaps fresh demand note of Rs 10,247 crore on Cairn

Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department has slapped a fresh demand note of Rs 10,247 crore on British explorer Cairn Energy Plc.

Apr 09, 2017, 14:11 PM IST
Cairn-Vedanta merger: All approval in place barring RBI

Cairn-Vedanta merger: All approval in place barring RBI

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

Mar 28, 2017, 14:00 PM IST

Anil Agarwal to buy stake worth $2.4 billion in Anglo American

Mining billionaire Anil Agarwal plans to buy stake in South Africa's Anglo American Plc for up to 2 billion pounds (USD 2.4 billion) to gain a foothold in diamond mining business.

Mar 16, 2017, 20:07 PM IST

Vedanta to invest $10 bn on expanding business

Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.

Feb 19, 2017, 16:39 PM IST
Expect Cairn-Vedanta merger by this fiscal-end: Anil Agarwal

Expect Cairn-Vedanta merger by this fiscal-end: Anil Agarwal

Mining mogul Anil Agarwal on Thursday said the merger of his group's cash-rich oil subsidiary Cairn India with parent firm Vedanta is likely to be completed by the end of this fiscal.

Oct 06, 2016, 18:53 PM IST

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.

Sep 09, 2016, 19:59 PM IST
Vedanta to invest Rs 3,000 crore to double copper capacity

Vedanta to invest Rs 3,000 crore to double copper capacity

Mining conglomerate Vedanta will invest up to Rs 3,000 crore in copper operations to double the capacity to 8 lakh tonnes by 2019, making the firm India's largest producer of the

Sep 05, 2016, 15:57 PM IST
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.

Jul 25, 2016, 16:26 PM IST
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.

Jul 22, 2016, 19:22 PM IST
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.

Apr 28, 2016, 19:37 PM IST