Earlier this week, Foxconn withdrew from $19.5 billion semiconductor joint venture with metals-to-oil conglomerate, signaling a change in their partnership dynamics
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
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.
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.
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.
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 is teaming up with London-based Centricus Asset Management Ltd. to seek investments in Indian companies offering substantial growth opportunities.
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.
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.
While the CBI has built its reputation as a premier crime investigation agency by cracking high profile cases, many other cases have remained unresolved or resulted in acquittals.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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