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 Economic Survey 2025-26 is not a celebration of success, but a measured warning that the traditional paradigms of global economic growth are no longer applicable.
The IT services sector contributed more than half of India’s Gross Value Added, serving as a major driver of exports and employment, the Economic Survey 2025-26 has found.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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