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Saturday, April 20, 2024
TopicVedanta

Topic: Vedanta

Rising interest rates are squeezing Anil Agarwal’s bid to take control of Vedanta

The billionaire's personal holding company, Vedanta Resources, has amassed about $7 billion of debt and faces a far less receptive bond market than it did in early 2020.

Vedanta’s Anil Agarwal seeks $5 billion for turnaround fund to invest in PSUs

Anil Agarwal plans to buy companies over a five-year period and then boost their profitability before seeking an exit.

‘In economy vs environment, latter reigns supreme’ — why HC upheld Vedanta plant closure

Madras HC dismisses Vedanta’s claims of being ‘victimised’ with the closure of its Sterlite Copper plant in Tamil Nadu’s Thoothukudi.

Only concern is environment, Madras HC says & rejects Vedanta plea to reopen Sterlite plant

Vedanta's Tuticorin plant stopped operations for maintenance in March 2018 & later extended shutdown due to mounting opposition from villagers against it.

Bombardier, Vedanta & GMR among 16 companies interested in running private trains in India

These companies took part in the first pre-application conference for running private trains Tuesday. The Modi government has moved to privatise 151 trains.

Lockdown to slow stressed asset deals in India, says Vedanta’s M&A head

India intends to suspend new bankruptcy filings for a year while it cushions companies from fallout of Covid & lockdown further imperils sale of Air India.

Anil Agarwal is exploring buying out investors in his Vedanta and taking it private

Anil Agarwal & his family own 50.1% of Vedanta, whose shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion.

Vedanta’s epic battle to restart iron ore mining in Goa to begin in Supreme Court next week

Vedanta’s plea to resume mining in Goa has support of Modi govt, which was concerned about an economic slump in Goa even before the virus.

Vedanta chairman Anil Agarwal pledges Rs 100 cr to COVID-19 cause, says many face uncertainty

Agarwal joins Anand Mahindra, Bill Gates and Jack Ma in the list of billionaires who are donating millions of dollars towards fighting coronavirus.

JSW, Tata & Vedanta plan for crisis as water shortage turns into economic threat

Competition for the resource is set to grow in India, where nearly a third of the country is water-stressed, increasing costs and risks for companies.

On Camera

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

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.