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Bhubaneswar: Vedanta Aluminium on Wednesday reaffirmed its long-term commitment to Odisha on the occasion of Utkal Dibas. With planned investments of Rs 1.8 lakh crore in the pipeline and over Rs 1 lakh crore already invested, the company said it has has generated more than 5 lakh employment opportunities to date. Vedanta's Odisha operations including aluminium, power, iron ore, and related businesses, contribute over Rs 9,000 crore annually to the exchequer and account for approximately ~3% of ...Read More >
The Vedanta demermger will transform the Mumbai-listed company into a series of pureplay companies spanning aluminium, zinc, oil and gas, steel, and power, Agarwal told the Financial Times, giving them a "free hand to grow". He anticipates a significant rerating of the group's assets. While the conglomerate's current market capitalisation sits at roughly $27 billion, Agarwal suggested that the combined valuation of the independent entities could double. Under the new arrangement, a private pare ...Read More >
Mumbai: The state government has decided to leave ready reckoner rates unchanged for the 2026-27 financial year on account of a slow down in the real estate sector, drop in revenue collection from stamp duty and registration, and the ongoing war in west Asia which has disrupted fuel and gas supplies. Revenue minister Chadrashekhar Bawankule said various industry associations had also urged the government to maintain status quo on RR rates or minimum rates for property transactions in various ar ...Read More >
NEW DELHI, March 31 (Reuters) - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track. Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates (JAIA.NS), opens new tab to Adani, a portfolio that includes homes, power, ceme ...Read More >
NEW DELHI - Indian billionaire Anil Agarwal is challenging fellow tycoon Gautam Adani's winning bid for a bankrupt real estate giant in the Supreme Court, intensifying the fight over a $4 billion pool of prized assets that includes the country's only Formula One track. Agarwal's Vedanta has mounted a legal challenge over a creditor committee's decision to award the assets of Jaiprakash Associates to Adani, a portfolio that includes homes, power, cement plants and the Buddh International Circu ...Read More >
New Delhi, Mar 31 (PTI) Solar module manufacturer Cosmic PV Power Ltd has filed draft papers with markets regulator Sebi to raise Rs 640 crore through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 540 crore and an Offer For Sale (OFS) of shares worth up to Rs 100 crore by existing shareholders, taking the total issue size to Rs 640 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. The company proposes ...Read More >
New Delhi [India], March 31 (ANI): Prime Minister Narendra Modi on Tuesday expressed deep grief over the demise of former Suriname President Chandrikapersad Santokhi, calling it an "irreparable loss" for both Suriname and the global Indian diaspora. In a post on X, PM Modi said, "Deeply shocked and saddened by the sudden demise of my friend and the former President of Suriname, Chandrikapersad Santokhi Ji. This is not only an irreparable loss to Suriname but also to the global Indian diaspora." ...Read More >
New Delhi [India], March 31 (ANI): Prime Minister Narendra Modi on Tuesday expressed deep grief over the demise of former Suriname President Chandrikapersad Santokhi, calling it an "irreparable loss" for both Suriname and the global Indian diaspora. In a post on X, PM Modi said, "Deeply shocked and saddened by the sudden demise of my friend and the former President of Suriname, Chandrikapersad Santokhi Ji. This is not only an irreparable loss to Suriname but also to the global Indian diaspora." ...Read More >
Bengaluru -- Aluminium prices surged to four-year highs on Monday as Iranian air strikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminium on the London Metal Exchange was up 4.7% to $3,453 a tonne at 10.48am GMT. Prices of the metal used in the transport, construction and packaging industries touched $3,492 earlier in the session. The US-Israeli war on Iran and resulting closure of the Strait of Hormuz have already restricted ...Read More >
Chennai: The United States Trade Representative has initiated investigations under Section 301 of the Trade Act of 1974, on excess capacity and production in certain manufacturing sectors in India. These sectors include textiles, health, construction goods, and automotive goods. The probe can lead to new tariffs and complicate the trade deal talks. The USTR has initiated investigations under Section 301against 16 countries and economic blocs, including India. The investigation pertains to the a ...Read More >
Chennai: The escalating tensions in the Middle East saw a spurt in the prices of crude, natural gas, gold and silver on Monday. Analysts warn that prices could move further northwards if the tensions remain heightened. In the Multi Commodity Exchange, crude prices gained 8.5 per cent to Rs 6600 per barrel from the Friday closing level of Rs 6092. West Texas Intermediate (WTI) prices moved up 7.6 per cent on Monday, a day after Iran supreme leader Ayatollah Khamenei died in a US-Israeli strike. ...Read More >
New Delhi: The India-Oman Free Trade Agreement (FTA) opens significant opportunities across sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components, commerce and industry minister Piyush Goyal said on Wednesday while addressing the India-Oman Business Forum in Muscat. The pact will be signed in the presence of Prime Minister Narendra Modi on Thursday in Oman. "The sky is the limit in terms of potential, particularly with ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
Bhubaneswar: Vedanta Aluminium, one of the world's leading aluminium producers, has successfully scaled up operations at its Lanjigarh Refinery to 5 million tonnes per annum (MTPA), marking a major milestone in the company's growth trajectory and reinforcing India's push towards self-reliance in the aluminium sector. With the expansion, Vedanta's Lanjigarh facility has emerged as the world's second-largest alumina refinery. The scale-up raises India's total alumina refining capacity to nearly 1 ...Read More >
MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. "By 2030, we will have at least 25-26 million tonnes. It could be a little more or less. It's simple math: Hazira plus Rajayepeta," he said. The 60:40 joint venture between Lakshmi Mittal-led ArcelorMittal and Japan's Nippon Steel, which has a capacity ...Read More >
Hong Kong's stock market has experienced a remarkable turnaround. Share sales have surged, making it Asia's leading fundraising hub. This boom is fueled by Chinese companies seeking global expansion. India, mainland China, and Japan also saw strong dealmaking. Despite global challenges, Hong Kong's market shows robust activity. Investors are now focusing on quality deals. Not long ago, Hong Kong's share-sale market was a symbol of China's slowdown: Deal books were thin, investor sentiment was s ...Read More >
Vedanta's plan to demerge its oil-to-metals conglomerate into five separate listed entities has received approval from the National Company Law Tribunal (NCLT). This development comes despite earlier concerns from the government regarding the recovery of dues. Following the news, Vedanta's shares turned positive, rising 3.5%. The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific ...Read More >
CHENNAI: Vedanta Ltd on Tuesday received a crucial legal clearance from the Mumbai bench of the National Company Law Tribunal, paving the way for the breakup of the diversified oil-to-metals conglomerate into five separate businesses, the company confirmed in a clarification sought by stock exchanges. The approval marks a major milestone in a restructuring exercise that the company has pursued for over two years, aimed at simplifying its corporate structure and sharpening the strategic focus of ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for splitting the group into sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, composed of Charanjeet Singh Gulati and Nilesh Sharma, said. NCLT had reserved the order after hearing the matter in November. Vedanta welcomed the NCLT order pronounced on Tuesd ...Read More >
Mumbai: The long legal wait around Vedanta's demerger has finally ended. The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Limited's demerger scheme, giving a major boost to the company and its shareholders. With this approval, Vedanta can now move ahead with plans to split its businesses into separate listed companies. All key approvals from shareholders, creditors, and SEBI had already been received earlier. The NCLT clearance was the last major regulatory hurd ...Read More >
Mumbai, Dec 16 (PTI) The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific entities across aluminium, oil and gas, power, and iron and steel. "The sanction to the company scheme is granted," the Mumbai bench of the tribunal, comprising Charanjeet Singh Gulati and Nilesh Sharma said. NCLT had reserved the order after hearing the matter on November 12. The Ministry of Petroleum a ...Read More >
Hyderabad: US-based aluminium packaging solutions provider Ball Corporation is investing another $60 million (approx 532 crore) in its Sri City manufacturing facility in Andhra Pradesh. The $11 billion Ball Corporation, which supplies sustainable aluminium packaging solutions for beverage, personal care, and household products, said on Friday that it will be beefing up its capacity for beverage cans manufacturing at Sri City in the state with the new investment."Ball's investment directly suppor ...Read More >
New Delhi : Jindal (India) Limited, part of the prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, has announced that it has secured orders worth Rs 110 Crore for Metal Beam Crash Barriers (MBCB), so far, in FY26. Additionally, orders worth Rs 120 crore are in the pipeline for the current financial year. The B.C. Jindal Group, promoted by Shyam Jindal, has bagged these contracts for MBCB production from Indian Railways and the National Highways ...Read More >
New Delhi: South Central Railway (SCR) has initiated a sustainable waste management system at its stations through scientific waste management after noticing that the state government agencies were only collecting and managing waste from their lands. Highlighting the need to take this initiative, a senior railway official (on condition of anonymity) told ETV Bharat, "The railways noticed that the state government agencies were not maintaining the waste management in railway lands, including sta ...Read More >
Bhubaneswar: Vedanta Aluminium, India's largest producer of aluminium, extended its support to the 'SURAVI' Children's Festival in Sundargarh district. Organized by the School and Mass Education Department, Government of Odisha, the event is designed as a nurturing platform to spot creativity and talent among young minds from local communities. More than 1500 students from 42 schools, representing six Gram Panchayats within the Hemgir and Lakhanpur blocks participated in the festival. The event ...Read More >
Mumbai, Oct 28 (PTI) The Multi-Commodity Exchange faced disruptions to operations due to a technical issue on Tuesday, forcing it to commence trading over 4 hours late and shift operations to its disaster recovery site. The commodities bourse said that all its trading systems are now functioning normally and an investigation into the issue has been initiated on priority. "Due to a technical issue at the Exchange, the commencement of trading on Tuesday, October 28, 2025, was delayed. Operations ...Read More >
Tirupati: A large consignment of mobile phones in the luggage compartment of the Vemuri Kaveri Travels bus may have significantly intensified the inferno and accelerated the loss of lives, it has emerged.A consignment of 234 new smartphones was being transported in the bus going to Bengaluru from Hyderabad. Preliminary investigation revealed that a Hyderabad-based businessman, identified as Manganath, was transporting the consignment of mobile phones, worth approximately Rs 46 lakh, Kurnool poli ...Read More >
As the BJP Government in the State completed 500 days of coming to power, Odisha Chief Minister Mohan Charan Majhi on Saturday approved 33 industrial projects worth Rs 1.46 lakh crore with the massive investment likely to generate 66,000 employment opportunities. The approved projects cover a wide range of sectors, including IT & Electronics Sector Design Manufacturing (ESDM), Aerospace & Defence, Textiles & Apparel, Food Processing, Tourism, Green Energy Equipment, IT & ITES, Data centres, Spe ...Read More >
Kurnool bus fire: The investigation into the tragic Kurnool bus fire incident has revealed how the fire intensified and killed at least 20 people. An investigation into the devastating Kurnool bus fire, which claimed the lives of at least 20 people, has revealed that the vehicle was carrying a consignment of 234 smartphones, which reportedly exploded, thereby intensifying the deadly inferno, forensic experts say, as per a report by NDTV. At the time of the incident, over 40 people were travelli ...Read More >
Kurnool Bus Fire: The tragic Kurnool bus fire, which claimed the lives of 19 passengers, was made far worse by the presence of 234 smartphones on board. Investigators revealed that these phones, being transported as part of a commercial consignment, likely intensified the blaze. Forensic experts have suggested that the batteries in the smartphones exploded during the fire, amplifying the heat and destruction inside the bus. Eyewitnesses recalled hearing multiple battery explosions as the flames ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.