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Vedanta News

27 Jun 2024

Vedanta To Financially Support Transgender Employees' For Higher Education

All-India Electrical Safety awareness programme was organised on Wednesday on the occasion of 'Electrical Safety Day', the Ministry of Power said.

12 Oct 2023

This Bihar Boy Shared Tiny Room In Mumbai With 7 Other People, Now Billionaire

Anil Agarwal's story is of a man who did not give up despite several failures because he had bigger dreams and achieved them through unrelenting hard work and perseverance.

11 Jul 2023

As Foxconn-Vedanta Semi-Conductor Deal Ends, Congress Says 'Never Trust...'

Taiwanese electronics manufacturing giant Foxconn and mining behemoth Vedanta are committed to the semiconductor mission and the Make-in-India programme of the country, Union Minister of Electronics and IT Ashwini Vaishnaw said on Monday.

10 Jul 2023

Foxconn Withdraws From JV With Vedanta For Chip Manufacture

Foxconn was supposed to execute a $19.5 billion semiconductor joint venture with metals to oil conglomerate Vedanta. Foxconn and Vendanta had signed a MoU in 2022 to establish semiconductor and display production parts in Gujarat, the home state of PM Modi.

19 Jun 2023

Vedanta Ltd Plans To Invest USD 1.7 Billion In FY24 On Growth Projects

India's improved outlook in many ways is attributable to the government's quest for self-reliance in manufacturing, minerals and resources. Its importance was accentuated in the aftermath of the pandemic and the Russia-Ukraine conflict, which saw heightened uncertainties and geopolitical tensions globally.

27 Jan 2023

Vedanta Q3 Net Profit Drops 41 % on Higher Input Cost, Windfall Tax

Vedanta ltd has reported a 40.8% drop in a consolidated net profit on Friday for the 3rd quarter that ended on December 31, 2022.

02 Dec 2022

ONGC, IOCL, Vedanta's bonds worth $1.9 bn mature in FY23: Moody's

Capital markets are volatile and investor appetite remains selective, so refinancing risks will remain elevated particularly for high-yield issuers such as Vedanta, which accounts for around 47 per cent of the upcoming bond maturities, it opined in a report on December 1.

20 Feb 2022

iPhone maker Foxconn to make semiconductors in India with Vedanta

Foxconn said it had signed a memorandum of understanding with oil-to-metals group Vedanta to make semiconductors. Foxconn said it would invest $118.7 million to set up a joint venture company with Vedanta.

18 Feb 2022

Vedanta to invest up to $20 billion in semiconductor business in India

Avanstrate has applied for setting up a semiconductor plant and a display manufacturing unit. Vedanta has signed a memorandum of understanding with electronics manufacturing services giant Foxconn to form a joint venture company. The joint venture company will manufacture semiconductors in India.

14 Feb 2022

iPhone maker Foxconn to make chips in India with Vedanta

Foxconn said it would invest $118.7 million to set up a joint venture company with Vedanta. The company has also in recent years announced plans to become a major player in the global EV market.

23 Jan 2022

Anil Agarwal to set up $10 billion fund to hunt for govt assets

The fund will be made of Vedanta's own resources and outside investment. The idea is to create a fund with a 10-year life span that will use a private equity-type strategy, buying into companies and boosting their profitability before seeking an exit.

Cairn Energy Plc

05 Nov 2021

Cairn Energy changes its name to Capricorn Energy

Cairn Energy gave India its biggest onland oil discovery. The company had sold the India unit to Vedanta Group in 2011. The sale included the transfer of the Cairn brand name to Vedanta.

13 May 2021

Tamil Nadu: Vedanta’s Sterlite plant rolls out first batch of Medical Oxygen

Vedanta’s Sterlite plant rolled out first batch of Medical Oxygen Tamil Nadu government had recently allowed it to operate solely for oxygen production

29 Apr 2021

Vedanta pledges Rs 150 crore to help India fight against COVID-19

The amount is over and above Rs 201 crore that was spent by Vedanta Group in 2020. The company will create additional capacity of 1,000 critical care beds in 10 cities. Each facility will have 100 beds in an air-conditioned tent with full electrical support and designed specifically for COVID care.

13 May 2020

Anil Agarwal to take Vedanta private

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd.

28 Mar 2019

Vedanta makes oil discovery in KG block

Vedanta holds 100 per cent participating interest in the block.

18 Mar 2019

Your true self, Vedanta and modern psychology

Modern psychology suffers from gaps, which the teachings of Vedanta address at a fundamental level.

29 Jan 2019

Vedanta to invest Rs 8,500 crore in South Africa for mining biz expansion

The South African President acknowledged Vedanta's contribution in South Africa's growth journey.

25 Dec 2018

Who gave order to issue weapons: CBI seeks doc to probe anti-Sterlite protests

The statements of the family members of the thirteen victims who died have been recorded along with statements of those who were injured in the firing.

Anti-Sterlite protest

24 Dec 2018

We stand vindicated, says kin of victim after autopsy report

The report said that 12 of the 13 protesters were killed when police opened fire on a demonstration against Vedanta's copper smelter in Tamil Nadu in May.

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