The Shinde-led govt might even "trade Mumbai," said the editorial in "Saamana".
Indian conglomerate Vedanta has earmarked $15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion, a senior company official said. Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025, the official of the group's semiconductor arm said on Friday. "Semiconductor is a long-term business. We are looking at about $10 billion on display.
The Vedanta team held a meeting with Shinde, Fadnavis and top officials on July 26, he said.
UP Rudras came from a goal down to beat Vedanta Kalinga Lancers 3-1 to register their first win in the Hockey India League in Rourkela on Monday.
The government on Thursday said it has cancelled the auction of Tamil Nadu's Nayakkarpatti tungsten mineral block which is near the Arittapatti Biodiversity site and a number of cultural heritage sites. Tungsten is a critical and strategic mineral.
Gonzalo Peillat scored a brace as Hyderabad Toofans ended Tamil Nadu Dragons unbeaten run with a 4-0 win in the men's Hockey India League in Ranchi on Saturday.
Dutchman Thiery Brinkman scored a brace as Vedanta Kalinga Lancers defeated Delhi SG Pipers 5-1 in a men's Hockey India League match.
Maninder Singh (51') and Harmanpreet found the back of the net to extend Soorma's lead further and even though Gursahibjit Singh (56') pulled a goal back in the dying minutes, Soorma walked away with all three points.
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.
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.
India's biggest oil and gas bid round attracted four bidders that included state-owned ONGC and OIL and private sector Vedanta Ltd, with most blocks getting just two bids, according to Directorate General of Hydrocarbons (DGH). The OALP-IX bid round, where 28 blocks or areas spread over 1.36 lakh square kilometre were offered for finding and producing oil and gas, for the first time saw Reliance Industries Ltd-bp plc combine bidding together with ONGC for one block in Gujarat offshore.
The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.
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.
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.
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.
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.
The Eknath Shinde-Devendra Fadnavis government has been facing flak after Vedanta-Foxconn chose Gujarat to set up its multi-billion semiconductor plant.
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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.
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
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.
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.
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.
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.
Jake Whetton (29') was the lone scorer for Delhi SG Pipers who are yet to register an outright victory in the league.
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).
The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.
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.
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'.
The plant had been kept shut in violation of the order of the NGT and a subsequent interim order of the top court.
Vedanta Resources has huge interests in India. The promoter and majority shareholder of Vedanta Resources, Anil Agarwal, also founded Sterlite Industries.
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.
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.
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.
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
Agarwal submitted the express of interest through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon.
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.
The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.
He alleged Union Home Minister Amit Shah had directed BJP leaders in a "closed-door" meeting to "stop" him (Uddhav) and Sharad Pawar politically.
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.
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