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Monday, July 28, 2025
TopicVedanta

Topic: Vedanta

Vedanta shares fall by 2% after Foxconn withdraws from $19.5 billion semiconductor joint venture

The companies, partnered last year to set up semiconductor and display production plants in Gujarat, are believed to have disputes over incentive approval delays by Indian government.

‘No impact on India’s semiconductor goals’, says govt as Foxconn pulls out of joint venture with Vedanta

Minister of State for Electronics and IT Rajeev Chandrasekhar tweets that it is not for govt 'to get into why or how two private companies choose to partner or not'.

Govt poised to reject crucial funding for Vedanta-Foxconn chip venture, reports Bloomberg News

The setback comes at a time when Anil Agarwal's metals and mining conglomerate is already grappling with reducing its significant debt load.

Vedanta names Holcim executive Sonal Shrivastava as CFO

The move comes as Vedanta's parent, Vedanta Resources, tries to trim its debt amid concerns over its ability to meet financial obligations.

‘Undue favour, 6,000 families affected’: SC on Odisha govt’s land acquisition for Vedanta university plan

Upholding 2010 Orissa HC order quashing land acquisition, SC said govt move left 6,000 families landless & rapped its disregard for environmental impact as land abuts wildlife sanctuary.

‘Untrue and baseless,’ says Vedanta over stake sale talks as shares drop 6%

Bloomberg News reported that Anil Agarwal was studying options including selling a minority stake in Vedanta, as he looked to shrink his commodities business empire's massive debt load.

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.

Vedanta & Taiwan’s Foxconn meet Maharashtra CM Shinde to take forward ‘$22bn semiconductor unit’

Unit is expected to generate around 2 lakh jobs & is likely to come up in Talegaon, Pune due to its industrial infrastructure and supply of skilled manpower, says Maharashtra govt.

Vedanta’s Sterlite Copper begins production of medical oxygen, dispatches first batch

The Sterlite copper smelter plant was given approval by the then AIADMK government on 26 April to produce medical oxygen at its Tuticorin facility for a period of four months.

SC allows Vedanta’s Sterlite to reopen oxygen plant due to ‘national need’

The apex court asked Tamil Nadu to form a panel, including the district collector and the Thoothukudi superintendent of police, to monitor activities at Vedanta's oxygen plant.

On Camera

Dhankhar’s resignation: How Modi-Shah’s ‘capable’ BJP has served another strong message to RSS

One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.

Unclaimed deposits worth Rs 67,000 crore lying in banks, 87% in public sector banks alone, Parliament told

SBI holds Rs 19,239 crore in unclaimed deposits, or 26% of the abandoned money in public banking system. PNB, Canara Bank follow.

India wanted a stable, prosperous Pakistan but our peace efforts were mistaken for weakness: Rajnath

Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.

Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.