Page 7 - Vedanta

Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

Stocks to Watch: Investors Gray Birch, Plenty PE & Multiples PE may sell up to 7.74 per cent stake in PVR today in a price range of Rs 1,852-1,929/share, as per reports

Fully committed to investing in Maharashtra: Vedanta Chairman Anil Agarwal

Agarwal said that Gujarat met expectations and the decision was made a few months ago

Vedanta Ltd bags two coal commercial mines in e-auction in Odisha

Vedanta Ltd has emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction. The government put on sale 10 coal mines under the commercial coal mine auction on Tuesday and Wednesday. "On the 2nd day of the e-auction today , two coal mines were put up for auction of which both coal mines were MMDR coal mines," the coal ministry said in a statement. The blocks were auctioned under the second attempt of the fourth round of commercial coal mine auction. Both the coal mines are fully explored and have Peak Rate Capacity (PRC) of 20 million tonnes per annum. Jaiprakash Power Ventures had emerged as the highest bidder for a coal block in Madhya Pradesh on the first day of the auction of blocks on Tuesday. While Madhya Bharat Minerals had emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra. Gangaramchak Mining was the highest bidder for a mine in Jharkhand whi

Use the rally in Vedanta to exit the stock: Analysts

Vedanta on Tuesday inked a pact with the Gujarat government under which the company, along with Taiwan's Foxconn, will jointly invest $19.5 billion to set up a semiconductor project in the state.

Vedanta to create hub to manufacture iPhones, TV equipment in India

Vedanta on Tuesday announced a $19.5 billion investment with Taiwan's Foxconn to set up semiconductor and display production plants in Gujarat

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

PM has assured CM Shinde of Vedanta-Foxconn like project for Maha: Minister

Under fire from the Opposition for losing out on the mega Vedanta-Foxconn semiconductor project to Gujarat, the Maharashtra government on Wednesday said Prime minister Narendra Modi has assured the state will get a similar project or even a better one. Talking to reporters here, state Industries Minister Uday Samant said Chief Minister Eknath Shinde spoke to the prime minister on Tuesday after Gujarat bagged the project. The project was proposed to come up in Maharashtra but the Vedanta-Foxconn finalised Gujarat and jointly inked a Memorandum of Understanding with that government on Tuesday, triggering a political blame game. The chief minister put forth his views before the prime minister on Vednata (Foxconn semi-conductor project). The CM held a detailed discussion with the prime minister on this matter. The PM has assured the youth that a similar project, or a better one, will be given to Maharashtra, Samant said. The minister claimed that discussions for finalising the project

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