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REVEALED: 8 | Vintage Vibes

Reliance Industries shares fall 3%; ONGC, Vedanta too decline

NEW DELHI: 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 Times of India

Will Foxconn Pivot Away From China?

Aggressive local competition and rising geopolitical risk make the contract electronics manufacturing giant’s China dependency more precarious than ever.

The News Lens

Government to approve cutting down of forests without consent from tribals and forest dwellers

The Indian government has devised new rules to let private developers cut down forests without first ensuring the consent of the forest dwellers.

Newslaundry

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Tamil Nadu makes EV pitch to Foxconn

Government officials meet chairman Young Liu and offer help in expansion

The Hindu

Copper, all in a tangle

An advertisement in the papers last week had the industry in Tamil Nadu sit up and take notice. The contentious Sterlite Copper plant has put out a notice of its intention to sell its plant in Thoothukudi. Pollution issues not withstanding, industrialists said that if this announcement was true, there would…

The Hindu

Vedanta puts on sale its Sterlite copper smelting plant in Tamil Nadu

NEW DELHI: 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 potential buyers.

The Times of India

Vedanta shares plunge over 12% after company puts Tuticorin copper smelter plant on sale

NEW DELHI: Shares of Vedanta plunged over 12 per cent on Monday after the company offered to sell a copper smelter complex in Tamil Nadu that was closed 4 years ago.

The Times of India

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Vedanta Group puts Sterlite Copper up for sale

The announcement has come as a surprise because in the last few years officials from Sterlite Copper have been saying closing the plant, selling the plant or moving away from Tamil Nadu was not on cards.

The Hindu

What is the MSCI India Index and why it matters

NEW DELHI: Global indices service provider MSCI had earlier this month announced a couple of inclusion and exclusion, along with changes in weightages of a few Indian stocks, which has influenced flows in these stocks. While it has added four stocks to its MSCI India index, namely Tata Elxsi, Adani…

The Times of India

Cabinet clears sale of govt's 29.58% stake in Hindustan Zinc valued at Rs 38,000 crore

NEW DELHI: The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said.

The Times of India

Indian police charge 30 anti-Vedanta protesters over deadly 2018 demonstration

Indian federal police have charged 30 people with rioting and other offences after an environmental protest at Vedanta Ltd's copper mine in 2018 turned deadly, with police shooting dead 12 protesters.

Reuters

Government shelves BPCL privatisation for now as bidders exit

NEW DELHI: India has stalled the privatisation of state-owned refiner Bharat Petroleum Corporation Limiter (BPCL) as most bidders walked out of the process, according to an official with direct knowledge of the matter.

The Times of India

Vedanta declares Q4 results, reports highest ever EBITDA

NEW DELHI: Vedanta declared its financial results for the fourth quarter (Q4) ended March 31, 2022 on Thursday.

The Times of India

HC gives 4 weeks to TNPCB to respond to plea seeking demolition of Sterlite copper plant

The petitioner also sought remedial measures for the soil contamination reportedly caused due to dumping of copper slag

The Hindu

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The Conversation

How multinationals avoid taxes in Africa and what should change

In developing countries, and the sub-Saharan region especially, the scale of unmet basic needs is enormous. It is estimated that 3 billion people in the developing world subsist on less than US$2 a day per person.

The Hindu

Semiconductor dream needs the right push

CM has urged Samsung to open a semiconductor manufacturing unit in the State

The Times of India

Vedanta to invest $1.5 billion across oil, zinc, steel business

NEW DELHI: Billionaire Anil Agarwal's Vedanta Ltd on Friday said it will invest $1.5 billion across its oil and gas, zinc and steel businesses.

The Hindu

Sterlite case: Supreme Court begins hearing Vedanta appeal against Madras High Court decision

Source of production, employment, says company. Source of pollution, says Tamil Nadu

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The Times of India

Anil Agarwal bets $4 billion on oil hunt amid price surge

NEW DELHI: Cairn Oil Gas, a unit of Vedanta, will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive.

The Hindu

Vedanta moves High Court fearing a loss of ₹150 crore due to “arbitrary” deadline fixed by DGFT

Firm also insists on utilising duty credit certificate to set off IGST and GST compensation cess

The Times of India

Vedanta joins hands with Foxconn to manufacture semiconductors in India

NEW DELHI: Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India.

The Times of India

Vedanta says will not undertake any corporate restructure, to continue with existing formation

NEW DELHI: Vedanta on Tuesday said that it will not undertake any corporate restructure, including demerger and spin-off, and continue with its existing structure.

The Hindu

Solving the Sterlite problem

The trust deficit between Vedanta and the people of Thoothukudi needs to be bridged if the smelter has to restart.

Newslaundry

Pollution versus politics in the uneasy town of #Thoothukudi

Even as governments, courts, lawyers, political parties and residents’ associations are grappling over the levels of pollution caused by Vedanta’s Sterlite Copper plant in Thoothukudi (Tuticorin), a coastal town of southern Tamil Nadu, 13 lives have been lost in police firings in the last two days here in a bid…

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