Vedanta looking for new CEO; extends M S Mehta's term till March

Last Updated: Tuesday, December 31, 2013, 15:53

London-listed Vedanta Resources is looking to appoint a new Chief Executive as the present incumbent M S Mehta has agreed to continue for only 3 months.

Sesa Sterlite shares down over 3% on CBI investigation

Last Updated: Tuesday, December 24, 2013, 13:50

Shares of Sesa Sterlite on Tuesday fell by over 3 percent after the CBI registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL).

HZL disinvestment: CBI registers PE against Vedanta Chairman

Last Updated: Monday, December 23, 2013, 20:36

CBI has registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL) during the period of NDA government.

Anil Agarwal regrets investing in aluminium project in Odisha

Last Updated: Friday, November 29, 2013, 15:48

His comments come in the backdrop of Vedanta's alumina refinery project at Lanjigarh in Odisha.

Cairn India unveils Rs 5,725 crore share buy-back programme

Last Updated: Tuesday, November 26, 2013, 20:57

Cairn India Tuesday said it will spend up to Rs 5,725 crore to buy back shares, a move which would help promoter Anil Agarwal-led Vedanta Group gain greater control over oil producer without putting any money.

Cairn India to spend $1 billion on buyback: Report

Last Updated: Monday, November 25, 2013, 09:36

Cairn India Ltd, oil and gas unit of London-listed Vedanta Resources, is set to spend about USD 1 billion to buy back shares, Bloomberg reported on Sunday citing two people familiar with the matter.

Cairn India to consider share buy-back on Tuesday

Last Updated: Friday, November 22, 2013, 14:24

Cairn India Ltd board will on Tuesday consider a proposal to buy back shares, a move which will help promoters Vedanta Group increase its stake in the company without putting any money.

'No new offers yet from Vedanta on HZL, Balco sale'

Last Updated: Monday, October 28, 2013, 23:36

The government holds 29.5 percent stake in Hindustan Zinc Ltd (HZL) and 49 percent stake in Balco. Majority stake in the two erstwhile PSUs was sold to Vedanta group during 2001-2003.

Govt wasting time on finalising HZL stake sale: Vedanta

Last Updated: Thursday, October 24, 2013, 21:42

Mining conglomerate Vedanta Resources Thursday said the government is "unnecessarily spending so much time" on taking a final call on selling its remaining stake in Hindustan Zinc and it needs to take a decision at the earliest on the issue.

Not to buy Cairn Energy's stake in India arm as of now: Vedanta

Last Updated: Thursday, October 24, 2013, 21:38

Vedanta Resources Thursday said it does not intend to acquire Cairn Energy's over 10 percent stake in Cairn India immediately, but will look at it sometime in the future.

Hindustan Zinc Q2 profit up 6.52% at Rs 1,640.25 cr

Last Updated: Wednesday, October 23, 2013, 19:26

Hindustan Zinc, a Vedanta group company, Wednesday reported a 6.52 percent increase in its net profit to Rs 1,640.25 crore for the quarter ended September 30, 2013, as its performance was affected by lower other income and expenses on voluntary retirement scheme (VRS).

Vedanta Aluminium aims to triple capacity

Last Updated: Monday, October 21, 2013, 13:42

Vedanta Aluminium will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material.