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The Latest Breaking News from Vedanta

Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oil

Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged…

The Economic Times

Boiler explosion ‘like a missile landing’ kills 14 workers at Vedanta power plant in India

Incident is one of the worst industrial accidents for years in Chhattisgarh, a mining and heavy industry hub

The Independent UK

Energy ‘vulnerable’ India seeks U.S. help to produce more oil and wean itself off Russia, Middle East reliance amid geopolitical turmoil

Cairn Oil & Gas aims to rapidly grow as India’s top private energy producer.

Fortune

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read the most diverse news in one place.

Safety and fire engineering students of Cusat bag attractive campus placements

Cusat engineering students in safety and fire engineering secure high-paying placements with top companies like GAIL and L&T.

The Hindu

Corporate India In Spotlight After Political Donor List Release

Huge donations by firms under criminal investigation or suspected of being shell companies have been funnelled to India's ruling BJP and other parties, new data showed, highlighting the backscratching ties between corporate titans and the government.

International Business Times

SC dismisses Vedanta plea to reopen Thoothukudi copper plant, upholds poeple’s right to health

Supreme Court dismisses Vedanta's plea to reopen Thoothukudi plant, upholding Tamil Nadu's environmental protection measures.

The Hindu

Supreme Court proposes expert panel to evaluate concerns, conditions for consent to Vedanta plant to operate in Thoothukudi

The copper smelting plant was permanently shut down on the orders of the Tamil Nadu government six years ago on grounds of pollution.

The Hindu

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Closure of Sterlite Copper unit in Tamil Nadu: Supreme Court to consider hearing Vedanta’s plea

India’s Supreme Court will consider Vedanta group's plea related to closure of its Sterlite Copper unit in Tamil Nadu on Jan 22.

The Hindu

Over 12,000 runners compete at 8th edition of Vedanta Pink City Half Marathon

JAIPUR: The Vedanta Pink City Half Marathon (VPCHM), an annual flagship event known for promoting health, fitness, and social causes, marked its 8th edition here on Sunday.

The Times of India

Top national athletes to compete at 8th edition of Vedanta Pink City Half Marathon on December 17

JAIPUR: The eighth edition of Vedanta Pink City Half Marathon will be held here on December 17. Top national runners and eminent personalities from Jaipur city and across the country will be seen participating in race categories of 21-km Half Marathon, 10-km Cool Run and 5-km Dream Run.

The Times of India

‘We are powerless’: Indian villagers live in fear of torture in fight against bauxite mine

Adivasis in Banteji say they also face arrests, violence and harassment by police and company officials

The Guardian - UK

Vedanta CFO Sonal Shrivastava resigns

Vedanta on October 24 said Chief Financial Officer (CFO) Sonal Shrivastava has resigned, amid a major structural overhaul announced last month.

The Hindu

Public hearing held in Odisha for eco clearance for Vedanta’s proposed bauxite mine

Public hearing for Vedanta's bauxite mine in Odisha's Rayagada district ended with majority of villagers voicing concerns over potential adverse impact on local ecology. Tight security was in place as villagers had alleged police high-handedness and attempts to allure them to support the project.

The Hindu

Anil Agarwal’s plan to overhaul Vedanta gets cautious shareholder welcome

Shares of Anil Agarwal’s Vedanta Ltd rose Tuesday, the first trading day after the Indian tycoon announced an overhaul of his sprawling metals-to-oil empire, despite lingering concerns over the group’s multibillion dollar debt burden.

The Times of India

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The Hindu

Explained | Did Vedanta lobby to dilute ‘green’ curbs?

According to a Organised Crime and Corruption Reporting Project (OCCRP) report, the Union Environment Ministry’s 2022 move to relax regulations to allow mining companies to increase production by up to 50% followed lobbying by the Vedanta group in 2021

Newslaundry

Amid G20 hype, exposé on Adani, Vedanta and Manipur crisis relegated to shadows

The G20 Summit has taken over the headlines and the news cycle. By the end of the week, the recent exposes on Adani, the opposition alliance’s Mumbai meet, or even the Manipur crisis would have faded from people’s memories.

The Hindu

Vedanta ran covert lobbying campaign to weaken environmental laws: OCCRP

Vedanta accused of covertly lobbying to weaken environmental regulations during pandemic by OCCRP; Indian govt approved changes without public consultation; Vedanta pushed to increase mining production without new environmental approvals

The Hindu

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

Vedanta group chairman Anil Agarwal said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and the venture will be ready with made-in-India chip in two and a half years.

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The Times of India

Foxconn-Vedanta chip deal off: Friendly fight between Congress’s Jairam Ramesh and BJP’s Amit Malviya

NEW DELHI: Unlike on previous occasions, a friendly fight took place between Congress communication chief Jairam Ramesh and BJP information technology head Amit Malviya over Taiwan-based Foxconn withdrawing from India's semiconductor joint venture with Vedanta on July 10.

The Independent UK

Chip maker Foxconn exits a semiconductor joint venture with Indian mining company Vedanta

Taiwan-based electronics giant Foxconn is backing out of a $19.5 billion semiconductor joint venture with Indian mining conglomerate Vedanta Ltd

Fortune

Top Apple supplier Foxconn just bailed on its $19.4 billion plan to make chips in India

The decision is a setback for the country's plans to build a domestic chipmaking industry.

Bangkok Post

Foxconn exits $19.4bn chip deal in India

TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

The Times of India

Foxconn to apply for India chipmaking incentives after pullout from Vedanta JV

NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal's Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.

The Times of India

Anil Agarwal’s Vedanta raises about $850 million Via JPMorgan, Oaktree loan

Billionaire Anil Agarwal’s debt-strapped Vedanta Group took out a fresh loan for about $850 million, its latest effort to come up with funds.

The Times of India

Billionaire Anil Agarwal's chip dream at risk as hurdles mount

NEW DELHI: Billionaire Anil Agarwal's plan to build a $19 billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government.

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