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Vedanta Ltd News
Vedanta net profit falls 34 pc to Rs 2,615 cr in March quarter
Tue, May 07, 2019
Metals and mining giant Vedanta Ltd Tuesday reported a 33.8 per cent decline in consolidated net profit to Rs 2,615 crore for the March 2018 quarter, on the back of lower income.
Stock of the day! This company just gained over 6%, should you invest?
Mon, Dec 17, 2018
The reason behind the hike in the share price is that Vedanta has received NGT nod to reopen Sterlite copper plant in Tuticorin.
Vedanta first-quarter profit misses estimates
Tue, Jul 31, 2018
Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil & gas businesses.
UK Opposition wants Vedanta delisted from London Stock Exchange
Sat, May 26, 2018
The UK's Opposition, Labour Party, has called for Vedanta to be delisted from the London Stock Exchange following the death of 13 people during violent protests against the mining giant in Tuticorin, Tamil Nadu. John McDonnell, the UK's Shadow Chancellor, said removing Vedanta Resources from the London financial markets would prevent reputational damage from the "rogue" company which has been operating "illegal" mining concerns for years
Goa mining: SC decision will hamper India's economic growth, says Anil Agarwal
Sun, Feb 25, 2018
Mining mogul Anil Agarwal has said the Supreme Court's decision to quash all iron ore mining permits in Goa will hamper India's economic growth as raw material for making steel will have to be imported, resulting in jobs being created outside the country rather than within. He said iron ore mini
RBI approval left for Cairn-Vedanta merger; shares gain
Tue, Mar 28, 2017
Cairn, in a BSE filing on Tuesday said, "The company has now received all the required approvals in relation to the scheme of arrangement between Vedanta Limited and Cairn India and their respective shareholders and creditors ('Scheme'), save and except the approval of RBI for issuance of redeemable preference shares to the non-resident shareholders of Cairn India."
Hindustan Zinc special dividend credit positive for Vedanta Resources: Moody's
Sat, Mar 25, 2017
Once complete, Vedanta Ltd will have access to Cairn India's large cash balance of USD 3.6 billion and its future cash flow.
Hindustan Zinc surges over 3% in early trade after board announces to pay special one-time interim dividend
Thu, Mar 23, 2017
The stock of Hindustan Zinc traded up 3.32% to Rs 322.00 in early trade on Thursday as compared to its previous close of Rs 311.75 on the BSE.
Demonetisation will help Indian economy tremendously, says Anil Agarwal, Chairman, Vedanta Ltd
Thu, Jan 05, 2017
In conversation with Chairman of Vedanta, Anil Agarwal, Manoj Dharra talks about expectations from Budget 2017, Vedanta's performance impact due to demonetisation.
Vedanta's Q2 net profit grows 17% to Rs 1,251 crore
Fri, Oct 28, 2016
The company stated that the board of directors at its meeting held on October 28 declared an interim dividend of Rs 1.75 per share.
Vedanta rises, Cairn India drops as investors give thumbs-up to merger
Wed, Sep 07, 2016
On July 22, both the companies had revised the terms and conditions of the deal considering the prevailing equity market conditions that time.
Vedanta-Cairn merger gets shareholders nod
Tue, Sep 06, 2016
It said in the statement,"Vedanta Resources plc announces that at its General Meeting held today, Tuesday 6 September, the resolution put to shareholders in relation to the proposed merger of Vedanta Limited and Cairn India Limited (the "Merger") was duly passed on a poll."
Vedanta-Cairn India merger: Is it really a sweet deal?
Tue, Jul 26, 2016
Minority shareholder will be implied to a premium of 20% to one month Volume-Weighted Average Price (VWAP) of Cairn India share price.
Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders
Sat, Jul 23, 2016
In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).