Apr 11, 2014 at 22:18 | Source: CNBC-TV18
The matter came for arbitration after the government rejected Vedanta's call option request on the basis of the attorney general's opinion that "call option is ultra vires under section 111A of Companies Act".
Apr 10, 2014 at 16:36 | Source: PTI
Production of mined metal content was lower than planned initially "due to slower-than-expected ramp-up of underground mining projects and changes in mining sequence, wherein preference was given to primary mine development.
Apr 03, 2014 at 12:29 | Source: Reuters
Shares in Sesa Sterlite and Hindustan Zinc gain after Moody's Investors Service upgraded its outlook for parent company Vedanta Resources Plc to "stable" from "negative".
Apr 02, 2014 at 21:33 | Source: PTI
"With some of Vedanta's idled iron ore, copper and aluminium assets now operating, we believe that the worst is past for Vedanta even as commodity prices remain broadly flat," said Alan Greene, Moody's Vice President - Senior Credit Officer.
Mar 31, 2014 at 10:37 | Source: Moneycontrol.com
Sesa Sterlite has informed that Mr. Tom Albanese is appointed as the CEO and member of the Board from 1 April 2014. He was appointed CEO of Vedanta Resources Plc, the parent company of Sesa Sterlite, on 6 March 2014. He succeeds Mr. M.S. Mehta, who retires as Chief Executive Officer and Board member on 31 March 2014.
Mar 29, 2014 at 14:29 | Source: Reuters
Lawyers for Congress and the BJP had argued that the donations could not be classed as foreign partly because the two smaller companies were registered under India's Companies Act and partly because Vedanta's largest shareholder is billionaire Anil Agarwal, an Indian citizen.
Mar 28, 2014 at 19:10 | Source: PTI
Confirming the news, company officials said Sesa Sterlite Board is scheduled to meet tomorrow for accepting the resignation of Mukherjee, who was the go-to man of Vedanta chief Anil Agarwal in the times of distress.
Mar 23, 2014 at 14:59 | Source: PTI
Agarwal's stake in Vedanta has risen by over 15 percent since its listing and he has been increasing his stake in the company every year, the analyst said.
Mar 18, 2014 at 13:46 | Source: Reuters
"We were to close the plant last year for maintenance but could not because of the forced shutdown on environmental grounds," one of the sources said, referring to a closure of more than two months from March 30 on complaints of emissions.
Mar 12, 2014 at 10:48 | Source: Reuters
If a top court sets a limit on the amount of iron ore it can mine in Goa, Sesa may have to cut jobs.