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Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government over a tax dispute(Cairn on Twitter)

Cairn Energy wins $1.2 billion from India in tax arbitration case

By Reuters | Posted by Ayshee Bhaduri | New Delhi
PUBLISHED ON DEC 23, 2020 02:58 PM IST
The tribunal ruled unanimously that India had breached its obligations to Cairn under the UK-India Bilateral Investment Treaty and awarded Cairn damages of $1.2 billion plus interest and costs, the company said in its statement.
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BALCO CEO, Abhijit Pati recognised amongst most promising business leaders of Asia 20-21

UPDATED ON DEC 18, 2020 05:37 PM IST
Alumnus of the Calcutta University, Mr. Abhijit Pati started his career as an engineer with Indian Aluminium Company (a subsidiary of ALCAN, Canadian Major Aluminium Producer) in the year 1989.
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Anil Agarwal, Executive Chairman of Vedanta Resources Limited
Anil Agarwal, Executive Chairman of Vedanta Resources Limited

Philanthropy to be a cornerstone of entrepreneurship in future: Anil Agarwal

UPDATED ON DEC 17, 2020 05:37 PM IST
The Executive Chairman of Vedanta Resources Limited believes that the profits of business must help society where it matters most and there is nothing more important than securing a healthy future for our women and children.
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Investors in Vedanta Resources Ltd. are turning their attention to the miner’s longer-term plan to streamline a complex group structure(REUTERS)
Investors in Vedanta Resources Ltd. are turning their attention to the miner’s longer-term plan to streamline a complex group structure(REUTERS)

Investors look for long-term plan from Vedanta after bond sale

By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 13, 2020 11:38 AM IST
Vedanta Resources, controlled by billionaire Anil Agarwal, allayed some immediate concerns this week when it received vital funding by selling $1 billion notes due 2024 at 13.875%. However, the company has yet to announce a plan on how it wants to address its structural challenges.
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A private security guard stands in front of the main gate of Sterlite Industries Ltd's copper plant in Tuticorin.(REUTERS)
A private security guard stands in front of the main gate of Sterlite Industries Ltd's copper plant in Tuticorin.(REUTERS)

Thoothukudi Sterlite plant: Apex court denies interim relief to allow re-opening

By Asian News International | Posted by Shankhyaneel Sarkar | New Delhi
UPDATED ON DEC 02, 2020 02:15 PM IST
The plant has been shut since May 2018 after a police firing killed 13 people during a protest against environmental pollution allegedly caused by the plant.
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Vedanta’s interest in Bharat Petroleum Corp. stems from its $8.67 billion acquisition of oil producer Cairn India nearly a decade back.(Reuters)
Vedanta’s interest in Bharat Petroleum Corp. stems from its $8.67 billion acquisition of oil producer Cairn India nearly a decade back.(Reuters)

Vedanta submits EoI with eye on government stake in BPCL

By Reuters | Chennai
UPDATED ON NOV 19, 2020 08:48 AM IST
A special purpose vehicle floated by the BSE-listed Vedanta Ltd and its London-based parent Vedanta Resources submitted an EoI before the close of deadline on November 16.
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Activists of the Kisan Mazdoor Sangharsh Committee (KMSC), the organisation that has spearheaded the rail blockade since September 24, has shifted the dharna from Devidas Pura to Jandiala Guru station but its members refused to lift the blockade.(HT file photo)
Activists of the Kisan Mazdoor Sangharsh Committee (KMSC), the organisation that has spearheaded the rail blockade since September 24, has shifted the dharna from Devidas Pura to Jandiala Guru station but its members refused to lift the blockade.(HT file photo)

Goods trains will stay off track in Punjab till farmers lift blockades

By HT Correspondent
PUBLISHED ON OCT 30, 2020 03:50 PM IST
With farmers extending their protest on rail tracks indefinitely against the Centre’s farm laws, the Railways says the ground situation is not conducive to resume services
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Vedanta Resources, which owns 50% in the Indian base metals producer, has around $2.9 billion in debt maturities due between April 2020 and March 2022, according to Moody’s(REUTERS)
Vedanta Resources, which owns 50% in the Indian base metals producer, has around $2.9 billion in debt maturities due between April 2020 and March 2022, according to Moody’s(REUTERS)

Vedanta pays $476 million dividend before potential downgrade

By Bloomberg| Posted by Ayshee Bhaduri | Mumbai
PUBLISHED ON OCT 25, 2020 02:45 PM IST
The payout will also come as a relief for Vedanta’s minority shareholders,after the company didn’t pass on a previous dividend in May by Hindustan Zinc to them
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A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai in this file photo. The company’s market valuation declined Rs 9,347.78 crore to Rs 36,038.22 crore on BSE.(Reuters Photo)
A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai in this file photo. The company’s market valuation declined Rs 9,347.78 crore to Rs 36,038.22 crore on BSE.(Reuters Photo)

Vedanta plummets nearly 21% after delisting fails

By Press Trust of India | Posted by Meenakshi Ray | New Delhi
UPDATED ON OCT 12, 2020 09:22 PM IST
Vedanta stock plunged 20.60 per cent to close at Rs 96.95 on BSE. During the day, it tanked 23 per cent to Rs 94. On NSE, it tumbled 20.68 per cent to close at Rs 96.65.
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Vedanta maintains that the expansion doesn’t involve acquisition of any additional land.(Source- Company website)
Vedanta maintains that the expansion doesn’t involve acquisition of any additional land.(Source- Company website)

Odisha activist seeks fresh public hearing for Vedanta’s expansion plan

By Debabrata Mohanty | Edited by Abhinav Sahay | Hindustan Times, Bhubaneswar
UPDATED ON OCT 03, 2020 01:09 PM IST
The activist alleges that the public hearing was conducted hurriedly, denying people their right to attend it.
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Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further $600 million.(REUTERS)
Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further $600 million.(REUTERS)

Vedanta leads India surge in dollar loans to fund local Buyouts

By Bloomberg | Posted by Shankhyaneel Sarkar | Hindustan Times, New Delhi
UPDATED ON SEP 14, 2020 06:59 AM IST
A surge in global liquidity following cash infusions from global policy makers to check the pandemic’s economic fallout is bolstering demand among international lenders for facilities from markets including China, India and Indonesia.
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A security guard stands in front of the main gate of Sterlite Industries Ltd's copper plant in Tuticorin in Tamil Nadu.(Reuters File Photo)
A security guard stands in front of the main gate of Sterlite Industries Ltd's copper plant in Tuticorin in Tamil Nadu.(Reuters File Photo)

HC rejects Vedanta plea to reopen Sterlite plant in Tamil Nadu

By Sharan Poovanna | Mint, Bengaluru
UPDATED ON AUG 19, 2020 06:49 AM IST
The Sterlite verdict is likely to have far-reaching consequences on the fate of similar establishments across the country and bolster the fight of green activists for stricter compliance with environmental laws.
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The move comes as Vedanta is looking to accelerate simplification of its corporate structure amid the coronavirus crisis.(Reuters)
The move comes as Vedanta is looking to accelerate simplification of its corporate structure amid the coronavirus crisis.(Reuters)

Vedanta Resources to delist Indian unit: What it means for you

By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON MAY 13, 2020 12:23 PM IST
Vedanta share prices have fallen more than 40% this year, giving the company a market value of about $4.4 billion.
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Vedanta share prices have fallen more than 40% this year, giving the company a market value of about $4.4 billion.(Reuters file photo)
Vedanta share prices have fallen more than 40% this year, giving the company a market value of about $4.4 billion.(Reuters file photo)

Vedanta trims gains after shares jump 10% as founders plan to delist firm

By hindustantimes.com| Edited by: Meenakshi Ray | Hindustan Times, New Delhi
PUBLISHED ON MAY 13, 2020 12:04 PM IST
Vedanta informed the stock exchanges its promoter group has offered to buy out all the public shareholders in the company at an indicative price Rs 87.50 per share, at roughly 10% higher than the stock’s closing price of Rs 79.60 on Tuesday.
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Petitions seeking resumption of mining in Goa are before the Supreme Court.(Amal KS/HT PHOTO)
Petitions seeking resumption of mining in Goa are before the Supreme Court.(Amal KS/HT PHOTO)

Goa Mining: Two petitions in SC give hope to the industry

By Gerard de Souza | Hindustan Times, Panaji
UPDATED ON JAN 12, 2020 02:15 AM IST
While the mining dependents continue to hold out hope of revival, others, once dependent on the industry, believe that it is time to move on.
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Swami Vivekananda 156th birth anniversary: Here are some sayings and teachings by him.(HT File Photo)
Swami Vivekananda 156th birth anniversary: Here are some sayings and teachings by him.(HT File Photo)

Swami Vivekananda 156th birth anniversary: Here are some sayings and teachings by him

By HT Correspondent | Hindustan Times, Delhi
UPDATED ON JAN 12, 2020 12:37 PM IST
Swami Vivekananda 156th birth anniversary: Swami Vivekananda was a Hindu monk and chief disciple of the 19th-century mystic Ramakrishna Paramhansa. He introduced the world to the Indian philosophies of Vedanta and Yoga.
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Market benchmark BSE Sensex jumped over 250 points on Friday(REUTERS)
Market benchmark BSE Sensex jumped over 250 points on Friday(REUTERS)

Sensex rises over 250 points on strong global cues; Nifty above 12,000

By Press Trust of India | Mumbai
UPDATED ON DEC 13, 2019 09:59 AM IST
After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.
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Market benchmark BSE Sensex dropped over 100 points in early trade on Wednesday(Hindustan Times Media)
Market benchmark BSE Sensex dropped over 100 points in early trade on Wednesday(Hindustan Times Media)

Sensex falls over 100 points; Sun Pharma rallies 5 percent

By Press Trust of India | Mumbai
UPDATED ON NOV 06, 2019 10:28 AM IST
After opening marginally higher, the 30-share index slipped into the negative terrain to trade 113.84 points, or 0.28 per cent, lower at 40,134.39.
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Share of Reliance Industries too advanced up to 1 per cent ahead of its quarterly earnings, scheduled to be announced later in the day.(PTI)
Share of Reliance Industries too advanced up to 1 per cent ahead of its quarterly earnings, scheduled to be announced later in the day.(PTI)

Sensex rises over 100 pts; HDFC Bank, RIL lead gains

By Press Trust of India | Mumbai
UPDATED ON OCT 18, 2019 10:28 AM IST
Top gainers in the Sensex pack included Yes Bank, Vedanta, Hero MotoCorp, PowerGrid, L&T, Bajaj Finance and HDFC Bank, rising up to 3 per cent.
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A screen at the facade of the Bombay Stock Exchange (BSE) building shows the stock prices.(PTI)
A screen at the facade of the Bombay Stock Exchange (BSE) building shows the stock prices.(PTI)

Sensex down by 300 points, Nifty at 11,500; banking and metal stocks worst hit

By Asian News International | Mumbai
PUBLISHED ON SEP 30, 2019 12:59 PM IST
Metal stocks tumbled with JSW Steel dipping by 3.7 per cent, Tata Steel by 3.5 per cent, Vedanta by 2.8 per cent and Hindalco by 2.6 per cent.
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A live ticker shows the Bombay Stock Exchange (BSE) share index (Sensex) on the BSE in Mumbai.(AFP File)
A live ticker shows the Bombay Stock Exchange (BSE) share index (Sensex) on the BSE in Mumbai.(AFP File)

Sensex opens over 200 point higher; Nifty tops 11,600

By Press Trust of India | Mumbai
UPDATED ON SEP 24, 2019 11:04 AM IST
After hitting a high of 39,306.37 points, the 30-share index pared some gains to trade 52.71 points, or 0.13 per cent, higher at 39,142.74 at 0945 hours, while the broader Nifty advanced 13.40 points, or 0.12 per cent, to 11,613.60.
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People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters Photo)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters Photo)

Sensex falls over 100 points; bank, energy, IT stocks drag

By Press Trust of India | Mumbai
PUBLISHED ON SEP 17, 2019 10:14 AM IST
The 30-share index was trading 147.66 points, or 0.40 per cent, lower at 36,975.65 at 0930 hours, while the broader Nifty fell 43.30 points, or 0.39 per cent, to 10,960.20.
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Vedanta chairman Anil Agarwal.(Mint photo)
Vedanta chairman Anil Agarwal.(Mint photo)

‘Start trusting the private sector more and we will deliver’: Anil Agarwal

By Shrija Agrawal | livemint
UPDATED ON SEP 04, 2019 01:44 PM IST
‘India is going through a change. The way, we used to do business before must change,’ says Anil Agarwal. In order to create more jobs, we need production to increase, more startups and innovation and more mining opportunities, says the chairman of Vedanta Group.
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Rajinikanth had blamed miscreants for penetrating the anti-Sterlite protests that culminated in police firing(HT Photo/File)
Rajinikanth had blamed miscreants for penetrating the anti-Sterlite protests that culminated in police firing(HT Photo/File)

Rajinikanth may be quizzed if needed, says commission probing Sterlite police firing in Tamil Nadu

By M Manikandan | Hindustan Times, Chennai
UPDATED ON AUG 31, 2019 06:23 PM IST
The Sterlite probe commission has questioned about 379 people so far and said it would question super star Rajinikanth if needed.
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The rupee, meanwhile, depreciated 18 paise against its previous close to trade at 71.95 in early session.(HT image)
The rupee, meanwhile, depreciated 18 paise against its previous close to trade at 71.95 in early session.(HT image)

Sensex drops over 250 points ahead of F&O expiry

By Press Trust of India | Mumbai
UPDATED ON AUG 29, 2019 10:00 AM IST
Top losers in the Sensex pack in early trade on Thursday included Yes Bank, HDFC, ICICI Bank, HCL Tech, TechM, Axis Bank, NTPC, Bajaj Finance and SBI, shedding up to 2 per cent.
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Domestic equity benchmark BSE Sensex rose over 200 points in early trade on Monday tracking gains in index heavyweights RIL, ICICI Bank and Infosys amid positive global cues.(Hindustan Times Media)
Domestic equity benchmark BSE Sensex rose over 200 points in early trade on Monday tracking gains in index heavyweights RIL, ICICI Bank and Infosys amid positive global cues.(Hindustan Times Media)

Sensex jumps over 200 points; Nifty nears 11,100

By Press Trust of India | Mumbai
UPDATED ON AUG 19, 2019 10:47 AM IST
The 30-share index pared some opening gains to trade 129.01 points or 0.35 per cent higher at 37,479.34 at 0945 hours; and the broader Nifty too rose 37.45 points or 0.34 per cent to 11,085.25 in morning trade.
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Domestic equity benchmark BSE Sensex dropped over 300 points in early trade on Friday tracking losses in metal, auto, IT and banking stocks.(REUTERS)
Domestic equity benchmark BSE Sensex dropped over 300 points in early trade on Friday tracking losses in metal, auto, IT and banking stocks.(REUTERS)

Sensex sinks over 300 points; metal, auto stocks drag

By Press Trust of India | Mumbai
UPDATED ON AUG 16, 2019 10:01 AM IST
The 30-share index pared some opening losses to trade 248.25 points or 0.67 per cent lower at 37,063.28 at 0930 hours; and the broader Nifty too fell 67.45 points or 0.61 per cent to 10,961.95 in morning trade.
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In the previous session, the 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22. Similarly, the broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35.(PTI Photo)
In the previous session, the 30-share BSE Sensex rose 99.90 points or 0.27 per cent to settle at 37,118.22. Similarly, the broader NSE Nifty gained 17.35 points or 0.16 per cent to end at 10,997.35.(PTI Photo)

Sensex cracks below 37,000-mark, tanks 531 points on FPI worries

By Press Trust of India | Mumbai
UPDATED ON AUG 05, 2019 10:38 AM IST
In the Sensex pack, Yes Bank, Tata Motors, Vedanta, SBI, Tata Steel, Power Grid, ICICI Bank, ONGC, Reliance and Maruti, were among the major losers, falling up to 8.49 per cent.
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People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. After a weak opening, the 30-share BSE Sensex plunged more than 750 points in late-afternoon trade on Thursday.(Reuters)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. After a weak opening, the 30-share BSE Sensex plunged more than 750 points in late-afternoon trade on Thursday.(Reuters)

Sensex tanks over 450 points, Nifty finishes below 11,000-mark

By Press Trust of India | Mumbai
PUBLISHED ON AUG 01, 2019 04:16 PM IST
After a weak opening, the 30-share BSE Sensex plunged more than 750 points in late-afternoon trade, before finally ending at 37,018.32, down by 462.80 points or 1.23 per cent. Similarly, the broader NSE Nifty dropped 138 points or 1.24 per cent to end at 10,980.00.
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Neeti C Kaushik, principal of Mount Olympus School, Malibu Towne, Sec-47, Gurugram(HT)
Neeti C Kaushik, principal of Mount Olympus School, Malibu Towne, Sec-47, Gurugram(HT)

Guruvani: ‘I love my role as nurturer of children’

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 12, 2019 10:43 AM IST
This forum provides school principals/ teachers a chance to share their views and insights on a wide range of issues with students
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