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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

Cairn India posts biggest quarterly loss of Rs10,948 crore in Q4

Cairn India posts biggest quarterly loss of Rs10,948 crore in Q4

Cairn India on Friday reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31 mainly because of impairment loss on goodwill and non-producing oil and gas assets due to drop in oil prices

Vedanta arm wins tender to redevelop Mormugao port in Goa

Metals major Vedanta today said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for 30 years.

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