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Cairn India gives surprise $1.25 bn loan to Vedanta; stock tanks

Cairn India gives surprise $1.25 bn loan to Vedanta; stock tanks

Last Updated: Thursday, July 24, 2014, 18:13

After using its cash to help new promoter raise stake in the company, Cairn India has loaned out USD 1.25 billion to Vedanta Group, leading to its stock dropping by the most in five years.

Hindustan Zinc Q1 profit dips 3 pc to Rs 1,618 cr

Last Updated: Monday, July 21, 2014, 19:33

Vedanta Group company Hindustan Zinc Ltd (HZL) today reported nearly 3 percent dip in net profit at Rs 1,618 crore for the first quarter ended June 30 on the back of lower volumes and increased expenses.

'Simple regulatory farmework to help India attract investment'

Last Updated: Monday, July 07, 2014, 20:14

Agarwal said that though India has the world's fourth largest coal deposits and seventh largest deposits of iron ore.

Vedanta eyes 25% women representation on Board by 2015

Last Updated: Sunday, July 06, 2014, 18:38

NRI billionaire Anil Agarwal-led Vedanta Resources aims to have 25 percent representation by women in its Board by next year and all appointments will be made purely on merit.

Weighing Australia copper mine's future after rock slide: Vedanta

Last Updated: Wednesday, July 02, 2014, 16:29

The mine in Tasmania state now faces additional repair costs that places the mine`s ability to turn a profit into question.

PIL filed in SC for scrapping HZL-Vedanta deal of 2002

Last Updated: Wednesday, June 18, 2014, 18:06

Twelve years after the government sold its stake in Hindustan Zinc Ltd (HZL) to Vedanta group during the previous NDA rule, a PIL has been filed Wednesday in the Supreme Court seeking quashing of the deal.

Fitch downgrades Vedanta to 'BB'; withdraws ratings

Last Updated: Friday, June 06, 2014, 19:30

International rating agency Fitch today downgraded Anil Agrawal promoted Vedanta's credit rating to 'BB' from BB+ with a stable outlook and then withdrew its ratings.

Entire world is looking forward to Modi govt: Vedanta

Last Updated: Wednesday, May 28, 2014, 22:44

UK-based Indian businessman and the founder of Vedanta Resources PLC Anil Agarwal on Wednesday said the whole world is looking forward to the new government headed by Narendra Modi.

Vedanta full-year revenue, core earnings fall

Last Updated: Thursday, May 15, 2014, 13:07

Vedanta Resources Plc , the mining company majority owned by one-time scrap metal dealer Anil Agarwal, reported a fall in revenue and core earnings for 2013.

Vedanta to await local consent for Indian bauxite mine

Last Updated: Friday, May 09, 2014, 15:47

Vedanta Resources Plc said on Friday it will not mine bauxite from the Niyamgiri hills in Odisha until it has the consent of local communities.

Cairn India CEO Elango quits

Last Updated: Friday, May 02, 2014, 13:24

Cairn India's interim CEO P Elango has quit the company, completing the exit of all of the tier-1 management of the firm since it was acquired by mining group Vedanta Resources plc.

Vedanta's oil, zinc output up in FY14; iron ore, copper down

Last Updated: Thursday, April 10, 2014, 15:40

Output of refined zinc rose 11 percent to 7.49 lakh tonnes, while mined metal zinc content rose 1 percent.