Agarwal's is a classic story of a small trader becoming metal king. The secret, he says, lies in believing in himself and in the country's potential.
The corporate rivalry in India is pass. I believe there is enough water in the sea for every fish.
NRI business tycoon Anil Agarwal-led Vedanta Resources will pay $1.37 billion (about Rs 5,700 crore) for acquiring 71 per cent stake in India's biggest iron ore exporter Sesa Goa.
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
Vedanta Resources has submitted a proposal to the Orissa government to set up a world-class university in the state at an investment of $1 billion.
Anil Agarwal-promoted Vedanta Resources on Tuesday said its acquisition of Konkola Copper Mines in Zambia is complete, making it the fifth largest producer of refined copper in the world.
The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
Prime Minister Narendra Modi, who won a landslide election victory in May largely on a promise of economic growth, is expected to speed up divestments to bolster revenue generation.
Albanese said India had lost a lot of market share in iron-ore.
London-based Vedanta Resources has said it would acquire 51 per cent controlling stake in Zambia-based Konkola Copper Mines for $48.2 million (over Rs 222 crore).
The derivatives (futures and options) are not treated as capital asset and the income arising from the transfer of the derivatives is treated as business income and liable for normal rate of tax for domestic investors, an official statement said on Saturday, clarifying the stand of tax authorities on gains made from derivatives trading.
Vedanta Resources, the Indian mining company floated last month, has said copper and zinc production had increased sharply over the last quarter and commodity prices in India had begun to improve.
Anil Agarwal, chairman of the Vedanta group, has not started the New Year on a good note.
There is little doubt that the Dongria Kondhs are facing their biggest challenge. Being small in number, they need special attention and care in order to fight this deadly virus.
The list has been compiled by the Shanghai-based The Hurun Research Institute, the second year it has done this ranking, of an 'India philanthropy list'.
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
Aam Aadmi Party on Saturday challenged Congress and the Bharatiya Janata Party to disclose the names of the people from whom they have got more than 80 per cent of their funds being spent in the Lok Sabha election campaign.
Indian cricket legend Kapil Dev was also honoured with a Lifetime Achievement award at the ceremony.
The government was planning to come up with a new fiscal model giving 'special incentives' for fields that were given out on nomination to ONGC and Oil India, reports Shine Jacob.
'If the BJP comes back to power, Sterlite will open in one week.' 'If the Congress comes to power, it will open in one month.'
PM's Massive Mission to achieve 'Swachh Bharat' by 2019 is a tribute to Mahatma Gandhi on his 150th birth anniversary.
The Congress on Wednesday approached the Supreme Court challenging the Delhi high court's verdict holding it along with the Bharatiya Janata Party prima facie guilty of violating the foreign funding law by receiving donations from United Kingdom-based Vedanta Resources' subsidiaries.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
Indian companies are investing up to $600 million every year and creating jobs and contributing to the British economy.
The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
All in all, Cairn India shareholders are getting a 9.1 per cent premium based on closing prices of July 22
Gadkari, who was on a 3-day visit to London, listed the Hinduja family and Sri Prakash Lohia of the Indorama Corporation among the donors.
In first half of year, firms raise more than banks on low US treasury rates.
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
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