Page 44 - Vedanta

Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs

Signs MoU with state govt; Vedanta to invest $10 billion of the $20 billion earmarked for the project in the first phase

Maha Oppn slams Shinde govt after Gujarat bags Vedanta-Foxconn project

As Indian conglomerate Vedanta and Taiwanese electronics giant Foxconn jointly inked a pact to set up a semiconductor and display manufacturing unit in Gujarat, the opposition in Maharashtra on Tuesday slammed the Eknath Shinde-led government for "losing" out on the Rs 1,54,000-crore project. The Nationalist Congress Party (NCP), the main opposition outfit, accused the neighbouring state, ruled by the Bharatiya Janata Party (BJP), of snatching morsel from Maharashtra's mouth. State NCP president and former minister Jayant Patil said with the project slipping away from the hands of Maharashtra, the state has lost an investment potential of Rs one lakh crore. Taking an aim at Maharashtra Chief Minister Eknath Shinde, whose government is being supported by the BJP, Shiv Sena leader Aaditya Thackeray said the Maha Vikas Aghadi (MVA), when it was in power, had "very strongly" pursued this project. It was almost decided that the plant will come up in Maharashtra, said Thackeray, who ..

Vedanta, Foxconn to invest $19.5 billion for chip project in Gujarat

Reuters was first to report on Monday that the joint venture obtained subsidies including on capital expenditure and electricity from Gujarat

Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report

Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source

Sterlite Power forms RE firm for projects serving commercial clients

Serentica Renewables will supply 600 MW to Vedanta Group, set up energy storage capacity in three states

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Windfall tax: Reliance Industries shares fall 3%; ONGC, Vedanta too decline

Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil. The market heavyweight stock declined 2.99 per cent to settle at Rs 2,560.20 apiece on the BSE. During the day, it fell 3.30 per cent to Rs 2,552. On the NSE, it went lower by 2.93 per cent to Rs 2,560.40 apiece. The company's market valuation also got eroded by Rs 53,578.11 crore to Rs 17,32,034.89 crore on the BSE. Reliance Industries was the biggest laggard among the Sensex components. The 30-share BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. The government on Thursday raised the tax on export of diesel and jet fuel and hiked the windfall profit levy on domestically-produced crude oil in line with rising product margins and oil prices. While private refiners Reliance Industries Ltd and Rosneft-based Nayara Energy are the principal exporters of

Companies divided over the size of chips they plan to make in India

Chips of smaller nodes are faster and more profitable, but their factories can cost as much as a nuclear power plant

Vedanta not to prune $2-bn capex target for FY23: CEO Sunil Duggal

Oil-to-metals conglomerate Vedanta Ltd on Wednesday said that it will not prune its USD 2 billion capex target for the current financial year despite falling metal prices. Vedanta has planned a total investment of around USD 2 billion in its zinc, oil and gas, and aluminium businesses in FY23. "We are going ahead (with the capex target for the current fiscal). We cannot stop the project in between and these are all the brownfield projects where the returns are very good and this will make our operation more effective, more productive, more efficient," Vedanta's Chief Executive Officer Sunil Duggal said. Duggal told reporters here on the sidelines of the second day of the conference on the Indian minerals and metals industry organised by NMDC and FICCI. The metal prices, Duggal said, have come down on account of various geopolitical events. Asked whether the metal prices will shoot up in the coming days, he replied, "If the fundamentals are strong than naturally the prices are goin

Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

We will rapidly expand our operations in India: Foxconn Chairman Young Liu

Foxconn's commitment to India can be seen as a strong push by Taiwan to improve ties with other nations as China steps up its military belligerence near the island nation

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Top headlines: SoftBank warns of funding cuts, Vedanta eyes $100 bn revenue

Business Standard brings you the top headlines at this hour

Vedanta eyes $100-bn revenue by 2030, capex of about $3-bn in next two yrs

Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India

Natural resource sector has key role in India's growth: Vedanta chairman

The natural resource sector can play a key role in India's economic growth and a small policy change can "unleash the true potential" of this sector, Vedanta Resources chairman Anil Agarwal said.

Windfall tax: Frequent changes create uncertainty for Indian oil producers

Experts say move is justified but government should clarify how proceeds will be utilised

Detect Technologies announces agreement with Vedanta to deploy T-Pulse

Detect Technologies announces a global agreement with Vedanta for deployment of T-Pulse, their internationally deployed AI-based workplace safety software.

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Vedanta sees QoQ fall in profit and revenue; stock ends in the green

Vedanta's consolidated net debt stood at Rs 26,799 crore in the June quarter, against Rs 24,414 crore for the quarter ended March 2022