A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent self-made industrialists on social media. And now he has been flooded with booking writing proposals and has even been offered money for a biopic. In February this year, Agarwal, 68, started tweeting his journey from Bihar to Mumbai first and then to London to head a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.
With a robust outlook for mineral-led growth in India, Anil Agarwal-led Vedanta Limited is looking to invest up to $20 billion across its businesses, which includes doubling of silver production and steel capacities. In a virtual press conference had last month, Agarwal said the company planned a capex of $5 billion over a period of three years. The company has not given a timeline for $20-billion investment.
Attractively low prices, rising demand and a favourable ratio to gold point to better days ahead for the white metal.
'Here are 25 stories special to me for one reason too many,' says Sukanya Verma who scored 25 years writing about the movies last week.
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
Both gold and silver made a smart comeback and recovered by Rs 55 per 10 gram and Rs 100 per kilo, respectively, on the Bullion market in Mumbai on Wednesday on revival of heavy stockists' buying boosted by rise in the global prices.
The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
The gold medals for this summer's London Olympic Games will be the largest and most valuable ever to be handed out.
Marileidy Paulino of the Dominican Republic won World Championship gold in the women's 400m on Wednesday.
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
Prime Minister Narendra D Modi visited the Science City in Ahmedabad on Wednesday, September 27, 2023.
Red Fort, the 17th century Mughal marvel, was given the world heritage status by UNESCO on Thursday.
American Noah Lyles stormed to his third consecutive world 200 metres title on Friday to underline his status as the best in the business since Usain Bolt.
Prime Minister Modi gave President Biden the unique sandalwood box sourced from Mysore with intricately carved flora and fauna patterns and handcrafted by a master craftsman from Jaipur during an intimate dinner at the White House on Wednesday.
Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.
Projecting the mining operations as part of China's move to take over Arunachal Pradesh, the report said 'people familiar with the project say the mines are part of an ambitious plan by Beijing to reclaim South Tibet'.
'I will never look down upon television. But do I want to do it again? I don't think so.'
Ratio trading in gold and silver prices is a trading tool.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
Several states celebrate National Javelin Day on Monday to mark Neeraj Chopra's Olympic gold winning feat
'At school, on August 15, the Indian flag was raised. There was no national anthem at that time and we sang Rise India Thy Millions Lead,' recalls military legend Major General Ian Cardozo (retd).
Vedanta Limited (Vedanta) helping its parent and group holding company Vedanta Resources to deleverage its balance sheet has started to strain its balance sheet. Vedanta's gross debt (consolidated) was up 24.3 per cent year-on-year (YoY) in FY23 and reached a six-year high of Rs 66,628 crore by the end of March. Similarly, its net debt went up 20.3 per cent YoY to Rs 45,706 crore at the end of FY23, up from Rs 38,228 crore a year ago; it was the highest since FY20.
'If unchecked, by 2017, the global volume of discarded e-waste will weigh almost equivalent to 200 Empire State buildings.'
Summary of sports events and persons who made news on Sunday
Norway's Kjetil Jansrud sped to Olympic gold in the men's Super-G alpine skiing on Sunday and Eva Samkova of the Czech Republic won the women's snowboarding cross on the testing course where a Russian skier broke her back a day earlier.
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
Tunisia's Ahmed Hafnaoui pulled off a major shock on the opening day of the Tokyo Olympics swimming medal events with a stunning victory
The actor gave us some serious goals on how to be fierce and fabulous!
'How will they give me permission to die when there are many others in conditions worse than mine?'
From Virat Kohli to PV Sindhu and Pakistan cricketer Babar Azam among others flooded Twitter and Instagram with throwback photos with their mums.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
Glimpses from the Miss World pageant.
Sarita Devi, on Sunday, bowed out of the World Boxing Championships
"Be careful what you wish for, kid", was British boxing star Amir Khan's response to Vijender Singh and his promoters as they proposed a possible showdown between the two in the coming months.
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
22-year-old Noah Lyles is expected to top the podium in Doha but it will take more than silver hair and a gold medal to make people forget about Usain Bolt.
Last month, Barun K Gorain, a non-resident Indian with Canadian company Barrick Gold Corporation came to Delhi with a $10-million proposal for suggesting a viable method to recover silver from Barrick's gold mines in Argentina.
'I preferred theatre rather than going to production houses and giving photographs. I didn't have that kind of temperament. I didn't think I was unfortunate as I have struggled so much. I feel whatever happened was for my good.'
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