Cairn India's merger with Vedanta "uncertain": S&P

Last Updated: Wednesday, September 9, 2015, 21:44

Rating agency Standard & Poor's Wednesday said completion of the proposed merger of Cairn India with Vedanta Ltd appears "uncertain".

Vedanta to halve output at big alumina refinery

Last Updated: Thursday, August 27, 2015, 16:07

Vedanta Ltd will halve output at its one- million-tonne-a-year alumina refinery at Lanjigarh in Orissa in about two months, a senior executive said, due mainly to a shortage of raw material bauxite and weak world prices.

Vedanta to issue Rs 2,000-cr NCDs to refinance debt

Last Updated: Monday, August 17, 2015, 15:30

The issuance of NCDs is part of the overall debt refinancing of the company to substitute short-term liabilities and/or to retire higher cost debt, the filing added.

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.

Vedanta Q1 net melts 35% on challenging market conditions

Last Updated: Wednesday, July 29, 2015, 16:29

Billionaire Anil Agarwal-led mining conglomerate had reported a net profit of Rs 1,341.23 crore during the first quarter of 2014-15.

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 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.

Govt rejects Cairn's arbitration on tax dispute

Last Updated: Sunday, June 28, 2015, 11:28

The government has rejected Cairn Energy UK's plea for an arbitration over Rs 10,247-crore tax dispute saying taxation is not covered under the UK-India Investment Promotion and Protection Treaty.

Cairn-Vedanta deal: LIC expresses doubts over valuations, debt

Last Updated: Tuesday, June 16, 2015, 22:35

LIC owns 9.06 percent in Cairn India, second only to 9.82 percent of UK's Cairn Energy plc. LIC also has a minority 1.77 percent holding in Vedanta. The merger needs approval of at least half of the minority shareholders.

Anil Agarwal rules out raising offer price for Cairn

Last Updated: Tuesday, June 16, 2015, 20:58

Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.

I-T dept to defend Rs 20,495-cr tax claim on Cairn India

Last Updated: Tuesday, June 16, 2015, 17:50

The Income Tax Department will defend the Rs 20,495-crore tax claim it has made on Cairn India even after the company is merged with its parent Vedanta Ltd.

Merger to strengthen financial performance of Vedanta Resources: S&P

Last Updated: Monday, June 15, 2015, 22:22

The proposed merger of two Vedanta Resources firms, Cairn India with Vedanta Ltd, will improve the financial performance of the group company, global agency Standard & Poor's (S&P) said.