The Indian government may postpone its plans to sell its stake in Hindustan Zinc until a turnaround in the industry’s fortunes, following advice from merchant bankers, two government sources told Reuters. The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. The government plans to sell … Read more
Anil Aggarwal, the founder and chairman of Vedanta Resources Limited was born on January 24, 1954 in Patna, Bihar. Fast forward to 2023, he is now the richest person of Bihar and one of the richest people in the country. Starting from his first copper rod plant in Mumbai, Agarwal transformed his small scrap metal … Read more
Vedanta Group chairman Anil Agarwal on Tuesday said Vedanta Resources (VRL), holding company of the mining and metals conglomerate, is well-positioned to meet its future debt obligations, and that concerns around the group being over-leveraged are misplaced. “We are very, very comfortable,” said the 69-year-old billionaire in an interview with ET, drawing attention to the … Read more
The Central Bureau of Investigation has alleged Congress MP Karti Chidambaram received an ‘illegal gratification of Rs 50 lakh to illegally facilitate visas for 263 Chinese nationals’ to complete a power project in Punjab, in a first information report. Karti ‘misused his influence’ in the home ministry in 2011 and ‘conspired’ with co-accused to devise … Read more
NEW DELHI: The government will open bids received for commercial coal mining blocks on Wednesday as the Supreme Court refused to stay the auctions. Vedanta Group, Adani Group, Jindal Steel & Power Ltd and JSW Steel are among the companies believed to be eyeing the coal blocks with which India will open up the coal … Read more