Page 46 - Vedanta

Three companies planning chip units close in on technology partners

Sources say that while Intel has ratified the deal, it cannot commit itself on paper until all legal approvals for the acquisition are completed

Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low

Stock market LIVE updates: As of 7:28 AM, the SGX Nifty Futures quoted 15,881 levels, hinting an upside of 46-odd points on the Nifty50.

Vedanta aluminium output rises by 3% to 565,000 tonnes in Apr-Jun

Mining giant Vedanta Ltd on Monday reported a 3 per cent increase in its aluminium production to 5,65,000 tonnes in the April-June quarter of the ongoing fiscal. The company had produced 5,49,000 tonnes of aluminium in the corresponding quarter of the previous fiscal, Vedanta Ltd said in a filing to BSE. Mined metal production at Zinc India increased by 14 per cent to 2,52,000 tonnes due to higher ore production across all the mines and supported by better mill recovery. The production of saleable iron ore in Karnataka in the first quarter declined by 14 per cent to 1.26 million tonnes over 1.46 MT on account of heavy rainfall which impacted ore handling. The company's total production of saleable steel declined by 7 per cent to 2,69,000 tonnes over 2,89,000 tonnes in the year-ago period. It achieved 14 per cent rise in ore production to 1,40,000 tonnes in the Q1 FY'23, over the corresponding quarter of previous fiscal. With regard to copper, Vedanta said, "Our Silvassa refinery

Vedanta, 30 other companies submit bids in commercial coal mines auctions

The government on Tuesday said 31 companies, including JSW Steel, Vedanta Ltd, NLC India Ltd, Jindal Power and Bharat Aluminium Company Ltd, have submitted bids for 24 mines under commercial coal mines auctions. As many as 38 online and offline bids were submitted during the three rounds of auctions. "A total of 31 companies have submitted their bids (both online and offline) in the auction process," the coal ministry said in a statement. JSW Steel, Vedanta Ltd, NLC India Ltd, Jindal Power and Bharat Aluminium Company Ltd have submitted the bids. Others companies that have submitted the bids include Birla Corporation Ltd, Jaiprakash Power Ventures Ltd, Rungta Metals Private Ltd and Godavari Power & Ispat Ltd. The auction process for 122 coal/lignite mines was launched in March. The last date of submission of technical bids was June 27, 2022, except for 10 mines. Those 10 mines comprise Parbatpur Central coal mine and 9 lignite mines. "As part of the auction process, technical bids

Vedanta Resources urges Zambia to halt search for new KCM investor

Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with Vedanta Resources, KCM's parent company.

Top headlines: GST Council meet to begin today, Vedanta turns to LIC & more

The two-day Goods and Services Tax (GST) Council meeting, which begins today in Chandigarh, is likely to be action-packed

Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers

Jaguar parent Tata Motors' bond sinks as weak rupee blights India credit

Those drops coincide with the rupee touching its lowest against the dollar, making it more expensive for the Indian companies already facing the challenge of higher interest rates

PM Modi meets Foxconn chief, hails manufacturing plans for India

Foxconn's EV manufacturing arm, Foxtron, is planning to set up manufacturing plants at various locations in southeast Asia, including India

Belgian research group to help firms planning Indian semiconductor units

IMEC helps global chip manufacturers in the process of fitting transistors on a silicon chip.

Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance

Stocks to Watch Today: Indiabulls Housing Finance and RBL Bank are the two stocks in F&O ban period on Tuesday.

Vedanta Ltd invites EoI to sell Sterlite Copper plant in Thoothukudi

Exploring options to ensure plant and assets are best utilised, says company

Slowdown concerns drag Tata Steel, Hindalco; BSE Metal hits 15-month low

Global growth is projected to slowdown from an estimated 6.1% in 2021 to 3.6% in 2022. Given this, Tata Steel, Hindalco Industries, and Vedanta have shed up to 35 per cent in the past one month

Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data

CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS

Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank

Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.

Vedanta to modify design of waste heat recovery plant in Goa

This is in line with Vedanta's efforts towards reducing the carbon footprint

Vedanta pledges 5.77% stake in Hindustan Zinc for Rs 8,000-cr term loan

The Cabinet Committee on Economic Affairs had last month approved the sale of the government's remaining stake of 29.5% in Hindustan Zinc

Vedanta to raise up to Rs 4,089 cr via non-convertible debentures

Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.

NTPC, Vedanta and 14 others issued notices for delay in operating mines

While Vedanta and NTPC were issued notices for delays in production of three blocks each, Birla Corp Ltd and Karnataka Power Corporation Ltd were given show cause notices for two blocks each.

Sensex jumps 437 pts, Nifty holds 16,600; RIL zooms 3.6%, Delhivery 6%

CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent