Business  /  Published 09.07.22

Windfall tax weighs on bids for oil blocks

The Centre has launched the eighth round of oil and gas exploration bids amidst the windfall tax blow on producers such as ONGC, Oil India and Vedanta. The government is offering 10 blocks spread ove...
By The Telegraph in New Delhi

Business  /  Published 04.07.22

Vedanta sets electronic chip goals

Hindustan Motors (HM), the erstwhile maker of the iconic Ambassador cars, expects to set up a joint venture with an European partner to manufacture electric two-wheelers by next year, a senior officia...
By PTI in New Delhi

Business  /  Published 30.06.22

ONGC free to market crude

The government on Wednesday allowed firms such as ONGC and Vedanta to sell locally produced crude oil to any Indian refinery. While contracts for oilfields awarded since 1999 gave producers the freed...
By Our Bureau in New Delhi

Business  /  Published 28.06.22

Vedanta plans Rupee bond issue

Mining major Vedanta is reportedly planning its biggest rupee bond issue, proceeds of which will be used to lower debt and for capital expenditure. The Anil Agarwal-led firm is seeking commitments for...
By Our Bureau in Mumbai

Business  /  Published 21.06.22

Vedanta puts Sterlite plant up for sale

Vedanta has put on sale its Sterlite copper smelting plant at Thoothukudi in Tamil Nadu after facing a lot of hurdles in reopening the unit and has invited an expression for interest from the potentia...
By PTI in New Delhi


Business  /  Published 05.06.22

Vedanta looks high

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. “An authorised committee of directors at its meeting...
By PTI in New Delhi

Business  /  Published 26.05.22

Rump stake sale in Hindustan Zinc cleared

The Centre will sell its entire residual stake in Hindustan Zinc as the Modi-government looks to shore up its revenues after the recent fuel duty sop cut a gash through its books. The Cabinet Committe...
By Our Special Correspondent in New Delhi

Business  /  Published 19.05.22

Govt pulls the plug on BPCL selloff

There is a possibility that the government may decide to now offer to sell only a 26 per cent stake at this stage with management control. This will limit the amount of money a bidder has to put upfro...
By Our Bureau, PTI in New Delhi

Business  /  Published 29.04.22

Early dividend from Vedanta

Rs 31.50 for 2022-23, the company said this is line with its robust performance on profitability and cash flows. “We have delivered historical best EBITDA (earnings before interest, tax, deprec...
By Our Special Correspondent in Mumbai

Business  /  Published 17.04.22

‘Need new thinking in defence’

Vedanta chairman Anil Agarwal on Saturday pressed for further liberalisation of the defence sector and called for corporatisation of defence factories to make the country self reliant in arms and ammu...
By PTI in Calcutta


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