Not getting fair value in Cairn-Vedanta merger: Shareholders

Last Updated: Tuesday, July 21, 2015, 22:12

Minority shareholders of Cairn India Tuesday raised concern over the company not getting a "fair valuation" in the USD 2.3 billion all-share merger with parent Vedanta Ltd and use of its over Rs 24,000 crore of cash pile.

Imports, falling aluminium prices may lead to job cuts: Vedanta

Last Updated: Tuesday, July 21, 2015, 21:55

Hit by cheap imports and falling prices of aluminium in the global market, domestic industry will be forced to take "drastic steps" like job cuts and production cap, Vedanta Aluminium said Tuesday.

Cairn India Q1 net falls 24% as oil prices hit a soft patch

Last Updated: Tuesday, July 21, 2015, 21:49

Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.

Vedanta may cut jobs at aluminium unit as prices tank

Last Updated: Tuesday, July 21, 2015, 17:00

The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.

Cairn India says merger with parent Vedanta is on track

Last Updated: Tuesday, July 21, 2015, 15:03

Shareholders in Cairn India, the country`s largest private sector crude oil producer, are to get one share in mining giant Vedanta and one redeemable preference share under a $2.3 billion deal to buy out minorities announced in June.

Hind Zinc Q1 Net up 19% to Rs1921 cr; mineral production up 42%

Last Updated: Monday, July 20, 2015, 19:51

Vedanta Group firm Hindustan Zinc Ltd (HZL) Monday reported a 19 percent growth in its net profit at Rs 1,921 crore for the first quarter ended June 30, 2015, helped by higher volume and rupee depreciation.

Vedanta looks to regain market share after Goa mining resumption

Last Updated: Monday, July 13, 2015, 10:04

Vedanta Limited, which has managed to retain 80 per cent of its earlier mining capacity in Goa after state government's renewal of the leases, is now looking to regain the lost market share, a senior official said.

Vedanta confident of closing Cairn merger by March

Last Updated: Sunday, July 12, 2015, 17:07

Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said on Sunday.

Vedanta hopeful of resuming iron ore mining in Goa by Oct

Last Updated: Saturday, July 11, 2015, 19:20

Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.

Vedanta-Cairn merger to be good for both's shareholders: Anil Agarwal

Last Updated: Saturday, July 11, 2015, 19:18

Listing the positives of the proposed merger of Cairn India with his Vedanta Ltd, its chairman Naveen Agarwal said that the move would not only strengthen the company`s cash-flows but also allow Cairn India`s shareholders to get access to Vedanta`s well invested metals and mining assets which have low cost and long life.

Anil Agarwal's bonus up 28% to Rs 8.85 cr in FY15

Last Updated: Sunday, July 5, 2015, 12:29

Vedanta in its annual report to shareholders, ahead of its annual general meeting (AGM) on August 3 in London, said the base compensation for Agarwal will remain unchanged at 1.608 million pounds.

Digital India huge opportunity for health, education: Anil Agarwal

Last Updated: Wednesday, July 1, 2015, 16:16

Agarwal, who heads the mining giant Vedanta Resources Plc, is the Non-Executive Chairman of Sterlite Technologies Ltd (STL) which is involved majorly in laying the optical fibre network to connect 2.5 lakh gram panchyats.