News for 'Vedanta'

Women's HIL: Jansen stars as Odisha Warriors hammer Bengal Tigers

Women's HIL: Jansen stars as Odisha Warriors hammer Bengal Tigers

Rediff.com20 Jan 2025

The two sides had played out a 1-1 draw three days ago in Ranchi with the Odisha Warriors then winning the penalty shootout thanks to goalkeeper Jocelyn Bartram's heroics.

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit

Rediff.com13 Jun 2023

Anil Agarwal-led Vedanta's Sterlite Copper on Monday came out with an advertisement inviting expression of interest (EoI) for carrying out plant "restart activities" at its Thoothukudi unit in Tamil Nadu, that got closed more than five years ago following an order issued by the Tamil Nadu Pollution Control Board (TNPCB). The EoI for restart comes when the company is still awaiting the final judgement on the issue, and the court has only allowed it to do maintenance work. "We have initiated the upkeep and maintenance activities at the plant as allowed by the Supreme Court vide its order dated May 4, 2023, in coordination with the district authorities.

Travails Of A Hindu School in Meghalaya

Travails Of A Hindu School in Meghalaya

Rediff.com29 Jan 2025

A state government that came to power after swearing to protect all people without discrimination refused to help a non-Christian organisation till the high court rapped it on its knuckles, observes former BJP MP Tarun Vijay, former Chief Editor, Panchjanya, the RSS weekly.

SC allows Vedanta's oxygen plant in TN to operate

SC allows Vedanta's oxygen plant in TN to operate

Rediff.com27 Apr 2021

The top court said there should be no political bickering over the generation of oxygen by Vedanta as the country is facing a national crisis.

Amid row, Vedanta chief explains why Gujarat was chosen over Maha

Amid row, Vedanta chief explains why Gujarat was chosen over Maha

Rediff.com15 Sep 2022

Mining magnate Anil Agarwal has said Gujarat was picked over Maharashtra for the Vedanta-Foxconn's Rs 1.52 lakh crore semiconductor project based on 'professional and independent' advice, as the political row in Maharashtra over the facility escalated on Thursday.

How Much Have MFs Invested In HDFC Bank?

How Much Have MFs Invested In HDFC Bank?

Rediff.com16 Aug 2024

With a deployment of Rs 2,720 crore in July, MFs' total investment in HDFC Bank in calendar year 2024 (till now) surged to Rs 48,820 crore.

Vedanta drops cases against govt to settle retro tax dispute

Vedanta drops cases against govt to settle retro tax dispute

Rediff.com13 Dec 2021

Billionaire Anil Agarwal's mining group Vedanta on Monday said it has withdrawn cases in the Delhi high court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government. Post slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent. Cairn India was in 2011 bought by Agarwal's group and subsequently, the firm was merged with Vedanta Ltd.

Gujarat is no Pakistan: Fadnavis on Vedanta row

Gujarat is no Pakistan: Fadnavis on Vedanta row

Rediff.com17 Sep 2022

Maharashtra fell behind Gujarat in attracting foreign investment during the MVA's tenure but in the next two years the present government would take Maharashtra ahead, said Fadnavis.

After Vedanta row, Shinde govt clears 181 industrial plots sanctioned by MVA

After Vedanta row, Shinde govt clears 181 industrial plots sanctioned by MVA

Rediff.com20 Sep 2022

The Eknath Shinde-Devendra Fadnavis government has been facing flak after Vedanta-Foxconn chose Gujarat to set up its multi-billion semiconductor plant.

Covid almost a national emergency: SC on Vedanta plea

Covid almost a national emergency: SC on Vedanta plea

Rediff.com22 Apr 2021

The Supreme Court Thursday termed the COVID-19 situation as almost a "national emergency" while agreeing to hear Vedanta's plea for opening of its Sterlite copper unit at Tuticorin in Tamil Nadu on the ground that it would produce thousand tonnes of oxygen and give it free of cost to treat patients.

HIL: UP Rudras down Delhi Pipers; Toofans overcome Soormas

HIL: UP Rudras down Delhi Pipers; Toofans overcome Soormas

Rediff.com11 Jan 2025

Jake Whetton (29') was the lone scorer for Delhi SG Pipers who are yet to register an outright victory in the league.

Retro tax settlement with Cairn may hinge on Vedanta case

Retro tax settlement with Cairn may hinge on Vedanta case

Rediff.com20 Aug 2021

The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.

'Because he never read it': Rahul's retort to Modi on Constitution

'Because he never read it': Rahul's retort to Modi on Constitution

Rediff.com15 Nov 2024

Congress leader Rahul Gandhi on Thursday said Prime Minister Narendra Modi thinks that the Constitution of India is 'blank' because he has never read it.

Vedanta to invest $20 bn across businesses, double silver and steel output

Vedanta to invest $20 bn across businesses, double silver and steel output

Rediff.com11 Aug 2021

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.

'We exist too': Kathuniya's plea after poor Paralympics reception

'We exist too': Kathuniya's plea after poor Paralympics reception

Rediff.com19 Oct 2024

Para-athlete Yogesh Kathuniya expressed his disappointment towards the lack of enthusiasm in the reception of para-athletes on their return following India's record-breaking campaign in Paris.

Vedanta confirms bidding for govt's stake in BPCL

Vedanta confirms bidding for govt's stake in BPCL

Rediff.com18 Nov 2020

The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).

'I can't see Junoon in current generation of gymnasts'

'I can't see Junoon in current generation of gymnasts'

Rediff.com19 Oct 2024

Dipa Karmakar believes most of the current generation of gymnasts lack passion and urged them to embrace the sport with fervour to excel on the global stage.

Uddhav's big charge: Shah asked BJP leaders to...

Uddhav's big charge: Shah asked BJP leaders to...

Rediff.com30 Sep 2024

He alleged Union Home Minister Amit Shah had directed BJP leaders in a "closed-door" meeting to "stop" him (Uddhav) and Sharad Pawar politically.

India Inc Biggies Plan To Invest $800 Bn

India Inc Biggies Plan To Invest $800 Bn

Rediff.com15 Oct 2024

Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.

Mahayuti govt conspired to shift C-295 facility to Gujarat: Cong

Mahayuti govt conspired to shift C-295 facility to Gujarat: Cong

Rediff.com28 Oct 2024

The Congress on Monday claimed that the Tata-Airbus C-295 aircraft facility inaugurated in Vadodara was earlier supposed to be set up in Nagpur and alleged that under Prime Minister Narendra Modi's instructions, the Centre and the Mahayuti dispensation have conspired to ensure the 'wholesale surrender' of Maharashtra's interests.

Major churn among top ranks at Vedanta Cairn

Major churn among top ranks at Vedanta Cairn

Rediff.com11 Apr 2019

The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.

Brokerages advise investors to stay away from Vedanta shares

Brokerages advise investors to stay away from Vedanta shares

Rediff.com4 Feb 2019

Brokerages put sell notice on Vedanta shares over the company's move to buy Volcan Investments' stake in Anglo American via subsidiary Cairn India Holdings, reports Aditi Divekar.

SC rejects Vedanta's plea to inspect, operate Sterlite's unit in Tuticorin

SC rejects Vedanta's plea to inspect, operate Sterlite's unit in Tuticorin

Rediff.com2 Dec 2020

Vedanta had sought handing over of the plant for three months saying it requires two months to start the unit and the company should be allowed to run it for four weeks to ascertain whether its polluting or not. The interim plea by Vedanta was opposed by Tamil Nadu government which claimed before a bench headed by Justice R F Nariman that the plant had been 'polluting consistently'.

Hockey India league is back in a new avatar!

Hockey India league is back in a new avatar!

Rediff.com4 Oct 2024

Hockey India League will return after seven long years in a new avatar, where both the men's and women's teams will participate in the event, starting on December 28.

Vedanta got Sterlite unit reopened, well almost

Vedanta got Sterlite unit reopened, well almost

Rediff.com25 Jan 2019

The plant had been kept shut in violation of the order of the NGT and a subsequent interim order of the top court.

Tuticorin shootings: What's in store for Vedanta's shareholders?

Tuticorin shootings: What's in store for Vedanta's shareholders?

Rediff.com6 Jun 2018

Vedanta Resources has huge interests in India. The promoter and majority shareholder of Vedanta Resources, Anil Agarwal, also founded Sterlite Industries.

Vedanta plans Rs 10K-cr copper smelter unit in coastal region

Vedanta plans Rs 10K-cr copper smelter unit in coastal region

Rediff.com1 Apr 2021

This comes at a time when the group's copper plant in Tamil Nadu remains shut for nearly three years, causing a Rs 5 crore loss every day.

Unable to digest TN police firing on Sterlite protestors: HC

Unable to digest TN police firing on Sterlite protestors: HC

Rediff.com29 Jul 2024

The bench said when the people were running, the police chased them and opened fire.

Byju's CFO Ajay Goel quits after audit

Byju's CFO Ajay Goel quits after audit

Rediff.com24 Oct 2023

Educational technology company Byju's chief financial officer Ajay Goel has quit after completing the audit process for the financial year 2022 and will return to Vedanta, the company said in a statement. The edtech major has roped in industry veteran Pradip Kanakia as senior advisor, and president (finance) Nitin Golani has been given additional responsibility as India chief finance officer (CFO) to handle the finance function of the company.

'Hindutva Tsunami Has Swept Maharashtra'

'Hindutva Tsunami Has Swept Maharashtra'

Rediff.com23 Nov 2024

'More than 9.5% new voters have been added to the electoral voters' list compared to the 2024 Lok Sabha election.' 'This led to an increase in about 5% to 6% in total votes polled for this assembly election.' 'That has tilted hugely in our favour because we worked hard for registration of these voters and concentrated on bringing out these new voters out during this assembly election.'

Sterlite shooting may dent Vedanta's brand image

Sterlite shooting may dent Vedanta's brand image

Rediff.com7 Jun 2018

The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury

Vedanta's Anil Agarwal eyes reviving Jet Airways

Vedanta's Anil Agarwal eyes reviving Jet Airways

Rediff.com12 Aug 2019

Agarwal submitted the express of interest through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon.

Challenges Chip Projects like Vedanta-Foxconn Face

Challenges Chip Projects like Vedanta-Foxconn Face

Rediff.com19 Sep 2022

Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.

Tributes pour in for Tata's 'Ratan'

Tributes pour in for Tata's 'Ratan'

Rediff.com10 Oct 2024

Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.

Maiden critical minerals auction: A modest showing

Maiden critical minerals auction: A modest showing

Rediff.com30 Sep 2024

In June last year, India unveiled its first list of 29 critical minerals open for private sector exploration and mining. Since then, 38 critical mineral blocks have been auctioned, but only 14 - less than 37 per cent - have found bidders. This modest achievement was secured only after the Centre conducted a second round of auctions when the first round fell flat, failing to attract the minimum required bidders.

Anil Agarwal to delist group flagship Vedanta Resources from LSE

Anil Agarwal to delist group flagship Vedanta Resources from LSE

Rediff.com2 Jul 2018

The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.

Ratings agencies downgrade Vedanta

Ratings agencies downgrade Vedanta

Rediff.com18 Aug 2010

The CreditWatch action follows Vedanta's announcement that it would acquire a controlling stake in India-based oil and gas company Cairn India Ltd.

Vedanta meeting disrupted by demonstration

Vedanta meeting disrupted by demonstration

Rediff.com29 Jul 2010

The demonstrators oncarried placards saying 'Anil Agarwal, Blood on Your hands', 'Who killed Arsi Majhi? Vedanta, Vedanta'.

India eyes multiple mineral pacts with about a dozen countries in Africa

India eyes multiple mineral pacts with about a dozen countries in Africa

Rediff.com8 Jun 2024

India is planning to soon sign new and updated mineral pacts with about a dozen countries in Africa. The Ministry of Mines is in discussions with Cte d'Ivoire, Democratic Republic of the Congo (DRC), Madagascar, Malawi, Mali, Morocco, Mozambique, South Africa, Tanzania, Zambia and Zimbabwe, Business Standard has learnt. Negotiations are ongoing with around a dozen countries, and more will be added to the list soon.

Vedanta-Cairn India merger gets bourses' approval

Vedanta-Cairn India merger gets bourses' approval

Rediff.com15 Sep 2015

Zero-debt Cairn India has $2.85 billion cash reserve.