Page 24 - Vedanta

Retrospective tax: Cairn example shows why FDI in oil & gas is in a mess

The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector

Vedanta's Q1 profit tumbles 23.5% as Covid-19 lockdown hurts output, demand

Vedanta's Hindustan Zinc, also Asia's most valuable zinc producer, reported a 23% drop in June-quarter profit on lower prices and production

Vedanta delisting fate to be known next week, price likely at Rs 160-170

The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting

Commodities tycoon Anil Agarwal seeks $5 bn for turnaround fund: Report

The billionaire is working with London-based Centricus Asset Management Ltd on the fund, which will have a 10-year life span and use a private equity-type strategy

Baring to take Hexaware private, accepts exit price of Rs 475 per share

The private equity major may have to spend as much as Rs 5,400 crore to buy out the entire 37.9 per cent stake from public shareholders

Hindustan Zinc surges 7% as Co to raise up to Rs 4,000 crore through NCDs

It added that the fundraising would aggregate up to Rs 4,000 crore, including the option to retain oversubscription of up to Rs 1,000 crore.

Vedanta's Anil Agarwal, Centricus team up for turnaround investment fund

The fund will also target companies restructuring under India's bankruptcy regime, the people said

MARKET: Sensex slips 323 pts amid weak global cues, Nifty ends at 11,516

All that happened in the markets today

Top headlines: Vedanta wins arbitration claim; direct tax mop up improves

From Russian vaccine making its way to India to ONGC withdrawal from Sudan oil fields, here are top headlines this morning

Anil Agarwal's Vedanta wins case for $499-million arbitration award claim

Setback for govt as Supreme Court allows the company higher cost recovery for Ravva field

Vedanta wins case for $499 mn award claim; SC rejects govt plea

Court rejects government's petition, which had said that billionaire Anil Agarwal's company, along with Videocon Industries Ltd., is entitled to recover only $198.5 million

MARKET WRAP: Sensex up 288 pts, ends above 39K; mid, small-caps outperform

All that happened in the markets today

Vedanta Resources leads India surge in dollar loans for local buyouts

Vedanta 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

Vedanta: Delisting price may be significantly higher, say analysts

Improving fundamentals suggest promoters of the base metals major may need to pay more; reverse book-building holds key for price discovery

Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr

Vedanta said it has tied up with State Bank of India for a long-term syndicated loan facility worth Rs 10,000 crore

Vedanta Ltd reaffirms commitment to support 'Atmanirbhar Bharat'

Vedanta Ltd has said its Lanjigarh alumina refinery in Odisha will continue to support 'Aatmanirbhar Bharat' by producing quality raw material for aluminium production.

25% of Nifty50 stocks have changed in 5 years; here are top entries & exits

Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years

Vedanta moves Supreme Court seeking reopening of Sterlite copper plant

On August 18 the Madras HC refused to allow the unit at Tamil Nadu to start functioning again. It has remained shut since April 2018

Domestic primary aluminium producers pitch hard to counter cheap imports

Currently, cheap aluminium imports constitute 60 per cent of the country's total lightweight metal consumption

Tata Steel, JSPL: Morgan Stanley bullish on steel stocks; do you own any?

Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster