Page 35 - Vedanta

Mining giant Glencore lends $250 million to rival Vedanta Resources

In return, VRL pledges 4.4 per cent stake in Vedanta to Glencore

Why Anil Agarwal-owned Vedanta group companies face high debt risk

Borrowings to pay record dividends to shareholders, including to the London-based holding company, have touched new highs

India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23

The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list

Anil Agarwal's Vedanta pledges nearly all its HZL stake to raise funds

Fresh loan of $850 million raised from JPMorgan Chase, Oaktree

Anil Agarwal's Vedanta pledges almost its entire stake in Hindustan Zinc

Vedanta created a pledge of 3.3% of its total equity or 13.94 crore shares in favour of Axis Trustee Services on May 23

Mike Young to take charge as senior VP for Vedanta's semiconductor biz

His appointment comes at a time when Anil Agarwal-led Vedanta has been on an aggressive talent acquisition drive to attract leaders from the semiconductor industry globally

Anil Agarwal's Vedanta raises about $850 million via JPMorgan, Oaktree loan

Investors have been closely watching Vedanta's debt load as rising interest rates worldwide intensify pressure on low-rated borrowers

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Vedanta announces dividend worth Rs 6,877 cr, Rs 18.5 per equity share

The board has approved the first interim dividend of Rs 18.50 per equity share which is 1850% on face value of Re 1/- per share for the Financial Year 2023-24

Vedanta-Foxconn JV set to get govt approval for its chip-making plant

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively

India cuts windfall tax on petroleum crude from Rs 4,100 per tonne to zero

Prior to this, the government announced the reimposition of the windfall profit tax on domestically produced oil from zero to Rs 6,400 per tonne. The government also scrapped the export duty on diesel

Top headlines: Go First blames lessors, Vedanta balance sheet in stress

Business Standard brings you top news at this hour

Vedanta Q4 results: Net profit falls 68% to Rs 1,881 cr, revenue down 5.4%

In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11% YoY

TMS Ep430: Adani & Vedanta, higher pension, capital goods stocks, ONDC

Have Adani and Vedanta turned the corner? Is the promise of a higher pension a chimera? Will capital goods stocks extend their dream run? What is ONDC? All answers here

Vedanta appoints veteran Terry Daly as advisor for semiconductor business

Global conglomerate Vedanta on Tuesday said it has appointed industry veteran Terry Daly as advisor for its semiconductor business

Top headlines: Warren Buffet faults US govt, Vedanta repays $800 mn & more

Business Standard brings you top news at this hour

Vedanta resources repays $800 million loans to Standard Chartered

The company had paid all loans and bonds due last month, cutting its gross debt to $6.8 billion, it said in a statement in April

Hindustan Zinc bids to buy assets from Vedanta Group for $2.98 billion

Hindustan Zinc proposal to buy certain zinc assets from Vedanta Group for $2.98 billion in cash has lapsed as the Indian miner did not get shareholders' approval within the stipulated time limit

Companies should take care of their employees: Vedanta Chairman on layoffs

Vedanta Chairman Anil Agarwal shared his views on LinkedIn, saying the companies should take care of their employees as they will only take care of their business

Vedanta's Anil Agarwal presses on with plan to raise oil, zinc output

Mining mogul Anil Agarwal is pushing ahead with an aggressive plan to raise oil and gas production, expand output of metals like zinc and aluminum, and foray into semiconductor manufacturing, undeterred by concerns about debt levels at the company. Raised in Patna, Agarwal, who dropped out of school at 15, started his business in Mumbai in 1976 as a scrap-metal dealer. Now he runs a mining and metals empire that spans Britain, India, Africa and Australia. In an interview with PTI, he said mining can help India prosper as tapping into below-the-ground natural resources will not just cut dependence on imports but also create jobs and increase prosperity. Vedanta, the company he founded and is chairman of, has ambitious plans to raise production across the business -- from oil and gas to zinc and aluminum. "We will be producing in two years time 300,000 barrels of oil (and oil equivalent gas) and in 4-5 years' time 500,000 barrels," he said. In the fiscal year that ended March 31, 20