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Mumbai, Jul 9 (PTI) Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the 30-share BSE Sensex fell by 176.43 points or 0.21 per cent to settle at 83,536.08. During the day, it lost 330.23 points or 0.39 per cent to 83,382.28. The 50-share NSE Nifty declined 46.40 points or 0.18 per cent to end at 25,476.10. From the Sensex firms, HCL Tech, Tata S ...Read More >
NEW DELHI: US-based investigative financial research Viceroy Research has alleged that the entire group structure of Vedanta is "financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors". In its report, Viceroy said that Vedanta Resources "resembles a Ponzi scheme". Viceroy said on Wednesday it is shorting the debt stack of Vedanta Resources (VRL), the parent company and majority owner of Vedanta Ltd (VEDL). It described Vedanta Resources as ...Read More >
New Delhi, Jul 9 (PTI) Shares of Vedanta Ltd tumbled nearly 8 per cent on Wednesday after US short seller Viceroy Research released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors. But later, the stock recovered some of the losses to trade 3.31 per cent down at Rs 441.10 on the BSE. Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Veda ...Read More >
Mumbai: Vedanta shares fell over 7 per cent during intra-day trading on Wednesday after a report by US short-seller Viceroy Research alleged that the conglomerate resembled a "Ponzi" scheme -- a claim that Anil Agarwal-owned company has vehemently denied. "The entire group structure is financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors," according to the short-seller report. According to the US-based short seller, Vedanta Resources Ltd ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
As Pushkar Singh Dhami completes four years in office this July, he has emerged as the Bharatiya Janata Party's (BJP) longest-serving Chief Minister in Uttarakhand -- a notable achievement in a state known for frequent leadership changes. From being a relatively untested choice in 2021 to gaining national attention with the implementation of the Uniform Civil Code (UCC), Dhami's tenure has been marked by high visibility and legislative activism.When Dhami took charge in July 2021, just months ah ...Read More >
NEW DELHI: ED on Friday said it has attached properties worth Rs 34 crore linked to Kannada actor Ranya Rao and her associates in its ongoing gold smuggling and money laundering case.The case had assumed significance after the actor claimed proximity to a Karnataka home minister G Parameshwara. Premises of the latter were searched by ED in May in connection with the money laundering case.Later, ED shifted its investigation into the gold smuggling case from Bengaluru to its headquarters in Delhi. ...Read More >
Vijayawada: Chief Minister Nara Chandrababu Naidu has finalised the logo that's designed to reflect the spirit of his unique P4 initiative in AP. The first general body meeting of Swarnandhra-P4 Foundation, led by the CM, was held on Friday. Naidu called for the formation of two committees -- an executive committee and an advisory committee-- at the state level for effective implementation of the P-4 scheme. A decision was to establish P4 chapters at district and constituency levels, comprisin ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy on Friday released the Copper Vision Document and the Aluminium Vision Document at the international conference here on sustainable and responsible mining through best mine closure practices, organised by the Indian National Committee of the World Mining Congress. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated ...Read More >
Srinagar (Jammu and Kashmir) [India], July 4 (ANI): People gathered in large numbers on the roads of Srinagar ahead of the traditional Muharram procession on Friday. Divisional Commissioner Kashmir, Vijay Kumar Bidhuri said, "This is the third consecutive year when Muharram is being observed. The District Administration has made all necessary arrangements for the 'azadaars'. Police arrangements have been made keeping safety and security in mind... I urge everyone to keep the procession limited ...Read More >
Pahalgam (Jammu and Kashmir) [India], July 4 (ANI): The second batch of devotees departed from Pahalgam for the Amarnath Yatra on Friday morning. Amid the backdrop of the Pahalgam terror attack, devotees lauded the arrangements and said there is nothing to be afraid of. "I am from Noida, and we are a group of 13 people. This is my first time. I am very excited. The arrangements are very good. There is nothing to be afraid of," pilgrim Manoj Singh told ANI. Also Read | Stocks To Buy or Sell Tod ...Read More >
Mandi (Himachal Pradesh) [India], July 4 (ANI): Several houses have been damaged and vehicles washed away due to cloudburst and continuous heavy rainfall here. The state has been experiencing cloudbursts and heavy rain over the past 24 hours. A local whose house has been damaged following a cloudburst said, "Everything got washed away after a cloudburst. We are staying at our relatives' house." Also Read | Stocks To Buy or Sell Today, July 4, 2025: Vedanta Ltd, InterGlobe Aviation Ltd, Bank of ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlightin ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined metal the decline was by 5 per cent to 2,50 ...Read More >
Bhubaneswar, June 8 (SocialNews.XYZ) Odisha Chief Minister Mohan Charan Majhi on Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One ...Read More >
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Sunday asserted that the state has made significant progress in the industrial sector over the last year, outpacing the industrial growth of the previous five years combined, through quiet, focused, and committed action. During an interaction with prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of his government here, CM Majhi said, "One year ago, the people of Od ...Read More >
New Delhi [India], June 7 (ANI): The Vice-President of India, Jagdeep Dhankhar on Saturday said, 'Political parties in the country will have to bring down the political temperature. The dialogue between political parties cannot be a confrontation -- the dialogue has to be soothing. Democracy is defined, friends, by dialogue and discourse.' Vice President's Secretariat said in an official statement, He further added, 'India is a thriving federal society where there has to be sync between the Cen ...Read More >
Chandigarh, June 06, 2025: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the p ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated Ju ...Read More >
BHUBANESWAR: Vedanta Aluminium has roped in Serentica Renewables to create a sustainable future aligned with its comprehensive decarbonisation initiatives that reflect both ambition and innovation. As part of this collaboration, Vedanta is sourcing 1,335 MW of renewable energy to power its mega operations in Odisha and Chhattisgarh. The move will help achieve the goal of having renewables comprise 30 percent of its power usage by 2030, a major milestone for net-zero emissions by 2050, company ...Read More >
Accepting the honour, Acharya Prashant delivered a powerful address, "The climate crisis is not just outside, it's inside. The glaciers are melting because our minds are burning with greed. Oceans are rising because our desires know no bounds. Before we can act responsibly, we must first think clearly. And that is where true environmentalism begins, not in policy, but in consciousness." "When we talk about the environment, we usually refer to forests, rivers, air, and wildlife. But do we ever a ...Read More >
Surat: The Amroli police in Surat have launched an investigation into a puzzling incident where an accountant working with a diamond firm reported that four fingers of his left hand were mysteriously severed after he fell unconscious near the Variyav Bridge. According to Tarpara's statement, he had gone to meet a friend near Vedant Circle and stopped on his way home to relieve himself. He claimed he suddenly lost consciousness and woke up to find the fingers of his left hand missing on Sunday n ...Read More >
New Delhi, Dec 12 (PTI) Vedanta group firm Hindustan Zinc Ltd on Thursday said it has entered into a pact with the Rajasthan government to invest Rs 36 crore in the education sector of the state. The announcement was made during the Education Pre-Summit, part of the Rising Rajasthan Global Investment Summit 2024 held in Jaipur from December 9-11. The investment will be focused on 72 government schools under its flagship education initiative, Shiksha Sambal programme, Hindustan Zinc said in a s ...Read More >
Tamil Nadu Chief Minister MK Stalin vowed to block tungsten mining in Melur, Madurai, despite the Union Government granting rights to Hindustan Zinc Limited. The state assembly passed a resolution condemning the decision, citing environmental and heritage concerns. Stalin urged the Prime Minister to cancel the mining rights, emphasizing the state's disapproval and the public's anxiety.Tamil Nadu Chief Minister MK Stalin on Monday said that as long as he is the Chief Minister of the state he will ...Read More >
STL Digital, an IT Services and Consulting Company (a wholly-owned subsidiary of Sterlite Technologies), announced the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc, Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomerate, prioritizes operational excellence, timely execution ...Read More >
Bengaluru (Karnataka) [India], December 10: STL Digital Limited, an IT Services and Consulting Company [a wholly-owned subsidiary of STL (NSE: STLTECH)], announces the successful deployment of RISE with SAP S/4HANA Cloud for eight Vedanta companies (Hindustan Zinc Ltd., Sterlite Copper, Cairn Oil & Gas, Sesa Goa Iron Ore, Vedanta Aluminium, Vedanta Zinc International, ESL Steel Ltd, Vedanta Corporate), globally. Vedanta, a globally diversified natural resources, energy, and technology conglomera ...Read More >
Get latest articles and stories on Sports at LatestLY. Valentin Altenburg, who led Germany to a bronze medal at the 2016 Rio Olympics, was on Thursday named the head of Vedanta Kalinga Lancers' coaching staff for the upcoming Hockey India League. Bhubaneswar, Dec 5 (PTI) Valentin Altenburg, who led Germany to a bronze medal at the 2016 Rio Olympics, was on Thursday named the head of Vedanta Kalinga Lancers' coaching staff for the upcoming Hockey India League. A respected figure in internationa ...Read More >
Bhubaneswar, Dec 5 (VOICE) Kalinga Lancers have appointed Valentin Altenburg as head coach for the upcoming Hockey India League (HIL) season. Altenburg, 43, is a highly respected name in international hockey, known for his tactical skills, leadership, and years of experience with the German national team. Altenburg has been a key figure in German hockey for more than a decade. As the youngest senior man's coach in the German Hockey Association's (DHB) history, he led the German men's team to a ...Read More >
Jaipur (Rajasthan) [India], November 29: The Vedanta Pink City Half Marathon (VPCHM) 2024 is back with its landmark 9th edition on 15th December 2024 in Jaipur. Organised by Vedanta in collaboration with Any Body Can Run (ABCR), the marathon embraces the inspiring theme #RunForZeroHunger, aiming to raise awareness and support for combating hunger and malnutrition. This highly anticipated event is expected to draw over 15,000 participants from across the country, including renowned personalities, ...Read More >
CHENNAI: MDMK general secretary Vaiko on Tuesday urged the state government not to grant any permission, including environmental clearance, to Vedanta to carryout Tungsten mining in Arittapatti at Melur. In a statement, he said that the Union Ministry of Minerals and Mines, has recently held a nationwide auction for mining mineral resources and awarded Hindustan Zinc Limited, a subsidiary of Sterlite Vedanta, a license to mine tungsten mineral in a land spreadover 5,000 acres in Melur, Madurai. ...Read More >
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