Balco begins process to shut rolling biz; to cut 1,000 jobs

Last Updated: Monday, September 14, 2015, 15:12

Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.

Vedanta Ltd raises Rs 2,000-cr from SBI through NCDs

Last Updated: Monday, August 24, 2015, 18:58

Mining Conglomerate Vedanta Ltd has raised Rs 2,000 crore from country's largest lender State Bank of India through issuance of Non-Convertible Debentures (NCDs).

Cairn seeks quick resolution to tax row

Last Updated: Wednesday, August 12, 2015, 15:49

As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.

Vedanta resumes iron ore mining in Goa, pegs rate below $45/tn

Last Updated: Monday, August 10, 2015, 21:01

The Anil Agarwal-led company today said it has received all approvals to restart mining at its Codli and Bicholim mines in Goa while announcing the reopening of Codli mine.

Vedanta to restart iron ore mining operations in Goa

Last Updated: Monday, August 10, 2015, 11:48

Anil Agarwal-led mining firm Vedanta on Monday said it has received necessary government approvals and will resume operations from today at its biggest iron ore mine at Codli in Sanguem taluka in Goa.

Aviva Investors opposes Vedanta Ltd takeover bid for Cairn India

Last Updated: Wednesday, August 5, 2015, 23:18

Fund firm Aviva Investors said on Wednesday it opposed a $2.3 billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Shareholders may vote on merger with Cairn by Dec: Vedanta CEO

Last Updated: Wednesday, July 29, 2015, 22:14

Mining baron Anil Agarwal-led Vedanta Ltd expects to seek shareholders' approval for the proposed merger of the mining arm with Cairn India by December this year.

Cairn India merger not for refinancing debts: Vedanta CEO

Last Updated: Friday, July 24, 2015, 13:54

Mining baron Anil Agarwal-run Vedanta Ltd today said its merger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.

Vedanta says its Cairn India buyout offer is fair

Last Updated: Thursday, July 23, 2015, 21:27

Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.

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 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.