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Tuesday, September 2, 2025
TopicVedanta Ltd.

Topic: Vedanta Ltd.

Vedanta has lined up partners for semiconductor manufacturing, says chairman Anil Agarwal

Earlier this week, Foxconn withdrew from $19.5 billion semiconductor joint venture with metals-to-oil conglomerate, signaling a change in their partnership dynamics

India’s Vedanta Ltd initiates review of steel businesses

BENGALURU (Reuters) - Indian metals-to-oil conglomerate Vedanta Ltd on Friday said it has initiated a strategic review of its steel and steel raw materials businesses. The review will begin

Vedanta’s latest chip venture with Foxconn is just a little more than a piece of paper

Those hopeful that India can establish a foothold in semiconductor sector should temper expectations, and instead hope that Modi govt will follow through on local chip industry plans.

Vedanta says no restructuring, won’t spin off businesses, as current structure optimal

Company also said it aims to distribute minimum of 30% of attributable profits after tax, before exceptional items & excluding profits of Hindustan Zinc Ltd., as dividends within 6 months.

Indian billionaire Anil Agarwal considering Vedanta Resources merger with cash-rich India unit

Potential deal follows global commodities boom that has fuelled a rally in Mumbai-traded Vedanta Ltd. shares & almost doubled its market capitalisation in the past year to about $17 Bn.

NCLT allows Anil Agarwal’s Vedanta Group to take over Videocon

Twin Star, a part of Agarwal’s Vedanta Group, will pay about Rs 30 billion to Videocon’s lenders. Videocon was among the first 12 companies pushed into bankruptcy after directions issued by RBI in 2017.

Anil Agarwal eyes $10 billion of India turnaround deals

Anil Agarwal is teaming up with London-based Centricus Asset Management Ltd. to seek investments in Indian companies offering substantial growth opportunities.

Vedanta seeks TN govt nod to repair ‘crumbling’ Sterlite Copper smelter

Vedanta was ordered to shut Sterlite Copper last May after 13 people died when police opened fire on protesters, who alleged the plant was polluting the area.

Vedanta to move Supreme Court to reopen copper plant in Tuticorin

The Tamil Nadu government had in May ordered the Vedanta copper plant in Tuticorin to be closed after locals protested to it claiming it was polluting the area.

Lakshmi Mittal on the verge of getting control of Essar Steel and entering India

ArcelorMittal will now begin final negotiations with creditors of Essar Steel under India’s bankruptcy laws.

On Camera

China will be more central to India now. Though an anti-US unity is premature

Even with the option of EU markets, China will have to be a significant part of India’s economic policy. But the difficult security relationship is an important complication.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.