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Wednesday, April 24, 2024
TopicVedanta

Topic: Vedanta

‘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.

3 yrs after its TN plant shut down, Vedanta plans to set up copper smelter in ‘coastal state’

Vedanta invites Expression of Interest, says the 'mega project' will provide direct and indirect employment to 10,000 people.

On Camera

Influencer is a real job. They are shaking up the internet

The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India, Oman hold 5th annual high-level meeting to boost maritime security

Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.