In an interview to CNBC-TV18, Susheel Kumar, Coal Secretary, Government of India spoke at length about cabinet opening up coal mining to the private sector for commercial mining.
Piyush Goyal, Railway Minister addressed a press conference on key decisions taken by the cabinet.
Vedanta reported a mixed set of Q2 earnings. In an interview to CNBC-TV18, Kuldeep Kaura, Interim CEO of the company discussed their Q2 performance.
In an interview to CNBC-TV18, Tom Albanese, CEO of Vedanta spoke about the results and gave his outlook for the company.
In an interview to CNBC-TV18, Tom Albanese, CEO of Vedanta spoke about the latest happenings in his company and the sector.
Having ventures in various natural resources and commodities Vedanta plans to further expand its reach in the oil and gas segment in the coming year, says Anil Agarwal, Chairman Emeritus, Vedanta.
Keen on the Indian growth story, Anil Agarwal, Chairman of Vedanta said that he wants to meet the country's growing demand and aims to produce 50 percent of India's oil needs.
Speaking to CNBC-TV18, Vedanta's Chairman Anil Agarwal shared the deal details and his expectations on the timeline for completion of the deal.
Vedanta's Chairman Anil Agarwal, says that company has got 100 percent approval from Vedanta shareholders for Cairn India-Vedanta merger. It has done everything that the minority shareholders wanted.
The merger will lead to creating a large, well-diversified natural resource company, says Anil Agarwal, Chairman, Vedanta Group.
The deal will help Vedanta reduce its net debt, give access to Cairn's cash balance of about USD 3.5 billion, besides giving auxillary benefits such as improvement of credit rating and capex, says Nitesh Jain of Axis Capital.
Vedanta wants to create one major behemoth that deals with the entire commodity complex, just as BHP Billiton and Anglo American, says the group's Chairman Anil Agarwal.
Speaking to CNBC-TV18, Anil Agarwal, Chairman of Vedanta Resources said that shareholders will meet in a month's time for the merger proceedings.
The company has invested USD 4 billion in Africa in the past 12 years and it is this long-standing presence that helped them go ahead with the investment, Vedanta Chairman Anil Agarwal told CNBC-TV18.
Mayank Asher, CEO of Cairn India says that 20 percent ad valorem cess will bring slight relief for energy companies.
Vedanta's founder and chairman Anil Agarwal has said that the Cairn-Vedanta merger will go through in 2-3 months. Earlier in November, he had said there is no need to sweeten the merger contours of the deal
Vedanta Group Chairman Anil Agarwal says China is dumping aluminium into India, and that the government needs to intervene to protect Indian metal companies from the indiscriminate dumping by Chinese companies.
Anil Agarwal, founder and chairman, Vedanta, expects to complete the Cairn-Vedanta merger in the coming months and does not think there is any need to sweeten the merger contours of the deal
Abhijit Pati, CEO-Aluminum, Vedanta says aluminium‘s London Metal Exchange (LME) price has slid down to sub1600 level, one of the lowest level of 6 yrs.
The deal, that experts believe is more beneficial to Vedanta, may be approved by regulators and shareholders by December-end.
Tom Albanese, CEO, Vedanta Resources, says he is encouraged by the positive response from analysts and shareholders. He says the ultimate aim is to build a diversified business with a simple structure with each business focussed on long-term growth prospects.
Cairn's onshore oil assets are the best in class and from that perspective, it is a disappointment for its shareholders. But with this deal, Vedanta will get access to cash generating assets of Cairn, which will help repair its balancesheet, says Piyush Jain of Morningstar Investment Advisers
Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.
Vedanta will have a direct access to all these subsidiaries-like Hindustan Zinc and Cairn post the merger, Piyush Jain, Equity Research Analyst - Energy, Industrials and Utilities, Morningstar told CNBC-TV18.
Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.