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Vedanta in talks to raise upto $2.5 bn to repay overseas bondholders

Vedanta Resources (VRL), the diversified mining company headquartered in London, is giving final touches to a plan to raise up to $2.5 billion (about Rs 20,800 crore) as debt repayment deadlines......

Vedanta's Rs 2,632-crore brand fee helps VRL repay part of its debt

An increased brand fee paid by India-listed Vedanta, apart from record dividend, has helped Vedanta Resources (VRL) — the London-based holding company of Vedanta Group — to repay part......

How to get licence for selling petrol, diesel

Govt's move will facilitate entry of global giants such as Total SA of France, Saudi Arabia's Aramco, BP Plc of the UK, and Trafigura's downstream arm Puma Energy. The government on Tuesday said......

What makes India a hotspot for global oil firms

Experts say local demand, government policies in retail and refining sector are attracting foreign players. Photograph: Lucy Nicholson/Reuters With Saudi Aramco planning to pick 20 per cent stake......

Walmart's $16 bn Flipkart buy is the biggest deal this year

Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company US retailer Walmart's buying 77 per cent stake in Flipkart for $16 billion is the biggest acquisition......

Olympics: Athletes split time between work and sport

'There is more to life than sport and anything can happen in sport, so you need something to fall back on' IMAGE: Jose Maria Larocca of Argentina is one of the most influential oil traders in the......

Switzerland may tighten anti-money laundering rules

A man is silhouetted as he makes his way past the main entrance of FIFA headquarters in Zurich. Photograph: Christian Hartmann/Reuters Switzerland may tighten its anti-money laundering laws after......

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