Monday, Jun 27, 2022
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Vedanta Q4 Results: Net Profit drops 5% to Rs 7,261 crore

Vedanta Q4 Results: Net Profit drops 5% to Rs 7,261 crore

The revenue from operations climbed to Rs 39,342, up 41.14 per cent from Rs 27,874 crore in the year ago quarter.

28 April 2022
Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

Government May Take Fresh Look At BPCL Privatisation, Revise Terms Of Sale

The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil...

21 April 2022

Government Can Earn More Money By Share Sales: Vedanta Chairman

The comments from Agarwal, who has taken over a few central units through the divestment process in the past, assume importance as the government has been...

Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

Selling Shares During Talks To Panama Papers: The Saga Of Cairn Retro Tax

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit,...

06 March 2022

Societe Generale Sells Vedanta Shares Worth Rs 880 Crore

According to bulk deal data available with the National Stock Exchange (NSE), Societe Generale sold a total of 2,2,450,200 shares, amounting to 0.6 per cent...

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24 February 2022
Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

The company, which is now known as Capricorn Energy PLC, in a statement, said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will...


21 February 2022
Cairn Vedanta Makes Oil Discovery In Rajasthan block

Cairn Vedanta Makes Oil Discovery In Rajasthan block

The block is one of the 41 areas that the company had won in the first round of the open acreage licensing policy (OALP) bid round in October 2018.


16 February 2022
Moody's Changes Vedanta's Outlook From Stable To Negative

Moody's Changes Vedanta's Outlook From Stable To Negative

The rating agency affirmed Vedanta Resources Ltd's (VRL) B2 corporate family rating (CFR) and the B3 rating on the senior unsecured notes issued by VRL and...


14 February 2022
Vedanta, Foxconn Team Up To Manufacture Semiconductors In India

Vedanta, Foxconn Team Up To Manufacture Semiconductors In India

Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to...


28 January 2022
Vedanta Net Profit Rises 26% To Rs 4,164 Crore In December Quarter

Vedanta Net Profit Rises 26% To Rs 4,164 Crore In December Quarter

The consolidated income of the company during the October-December period increased to Rs 34,674 crore over Rs 23,621 crore earlier.


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26 January 2022
Vedanta Demerger Call By March-end: Anil Agarwal

Vedanta Demerger Call By March-end: Anil Agarwal

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into...


23 January 2022
Vedanta Group To Set Up $10 Billion Fund For Acquire Government Assets

Vedanta Group To Set Up $10 Billion Fund For Acquire Government Assets

 Metals and mining magnate Anil Agarwal's group has expressed interest to acquire the government stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI,...


21 January 2022
Hindustan Zinc Net Profit Rises 23% To Rs 2,701 Crore In Q3

Hindustan Zinc Net Profit Rises 23% To Rs 2,701 Crore In Q3

 Its consolidated income during October-December 2021 period increased to Rs 8,269 crore, compared with Rs 6,483 crore a year ago.


14 January 2022
Vedanta To Invest In Saudi Arabia's Mineral Sector

Vedanta To Invest In Saudi Arabia's Mineral Sector

The company is already in discussions with stakeholders in Saudi Arabia, which is aiming to become a mineral hub in the Middle East.


12 January 2022
NCLAT Disposes Of Telecom Department Petition Against Videocon Resolution Plan

NCLAT Disposes Of Telecom Department Petition Against Videocon Resolution Plan

A two-member bench observed that the appellate tribunal earlier this month had already set aside the June 8 order passed by the Mumbai bench of the National...


06 November 2021
Vedanta Clarifies It Has Nothing To Do With Cairn Energy PLC's Retrospective Tax Dispute Case

Vedanta Clarifies It Has Nothing To Do With Cairn Energy PLC's Retrospective Tax Dispute Case

The tax dispute dates back to 2006-07 when Cairn UK transferred shares of Cairn India Holdings to its Indian arm, Cairn India. It eventually exited the Indian...


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22 May 2021
Anti-Sterlite Agitation: Tamil Nadu Govt To Compensate 93 Arrested Protesters With Rs 1 Lakh

Anti-Sterlite Agitation: Tamil Nadu Govt To Compensate 93 Arrested Protesters With Rs 1 Lakh

The state government has also decided to withdraw cases against most protesters


23 April 2021
‘People Dying Due To Lack Of Oxygen’, Why Can’t TN Govt Take Over Vedanta’s Unit To Produce It, Asks SC

‘People Dying Due To Lack Of Oxygen’, Why Can’t TN Govt Take Over Vedanta’s Unit To Produce It, Asks SC

The Supreme Court was hearing Vedanta’s plea seeking opening of its Sterlite copper unit at Tuticorin on the ground that it would produce thousand tonnes of...


09 March 2019
Arrest Of Lingaraj Azad Part Of Odisha Govt’s Efforts To Provide Fresh Lease Of Life To Vedanta

Arrest Of Lingaraj Azad Part Of Odisha Govt’s Efforts To Provide Fresh Lease Of Life To Vedanta

Activists and civil society organisations from across the country are up in arms over the arrest of Lingaraj Azad, the leader of Niyamgiri Suraksha Samiti...


18 February 2019
Vedanta Sterlite Plant In Tamil Nadu To Remain Shut: Supreme Court

Vedanta Sterlite Plant In Tamil Nadu To Remain Shut: Supreme Court

It said NGT has no jurisdiction to order reopening of the plant.


09 August 2018
NGT Allows Vedanta To Access  Administrative Unit Of Sterlite Copper Plant In Tamil Nadu

NGT Allows Vedanta To Access Administrative Unit Of Sterlite Copper Plant In Tamil Nadu

A bench headed by chairperson A K Goel, however, said the company would not have access to its production unit and directed the district magistrate to ensure...


21 June 2018
'Danger': Vedanta Warns Sulphuric Acid Leak At Tamil Nadu’s Thoothukudi Sterlite Copper Plant Severe

'Danger': Vedanta Warns Sulphuric Acid Leak At Tamil Nadu’s Thoothukudi Sterlite Copper Plant Severe

This petition came days after the district administration said the leak was minor.




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