Vedanta Ltd. News and Updates

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Vedanta Ltd.

05 Jul 2023

435.55

-3.56%

DGTR starts probe in rising met coke imports

Business Line

The five companies which had reached out to the DGTR include BLA Private Ltd, Jindal Coke, Saurashtra Fuels, Vedanta Malco Energy and Vista Coke

Vedanta Ltd. is trading below its 150 day SMA of 443.5

Vedanta Ltd.

03 Jul 2023

435.55

-3.56%

India starts safeguard probe against sudden, sharp jump in met coke imports

Business Standard

India has started a safeguard probe into sudden and sharp increase in the imports of metallurgical coke, used as fuel in steel and chemicals plants, following a complaint by domestic industries that the inbound shipments are impacting them. In an application to the commerce ministry's arm Directorate General of Trade Remedies (DGTR), BLA Pvt Ltd, Jindal Coke Ltd, Saurashtra Fuels, Vedanta Malco Energy and Visa Coke Ltd have alleged that there has been sudden, sharp, significant and recent increase in the imports of low ash metallurgical coke in India, which is adversely impacting the industry. To guard the industry from these imports, the applicants have requested imposition of safeguard measures in the form of quantitative restrictions on the imports. "On the basis of the duly substantiated application filed by the petitioners...the authority considers that there is sufficient evidence to justify initiation of safeguard investigation," the DGTR has said in a notification. In the .

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Ltd.

03 Jul 2023

435.55

-3.56%

Vedanta share gains on review of steel business

Moneycontrol

The review will begin immediately and evaluate a broad range of options to maximize stakeholder value, including but not limited to a potential strategic sale of steel businesses, the company said

Vedanta Ltd. is trading above its 100 day SMA of 431.9

Vedanta Ltd.

30 Jun 2023, 11:35PM

435.55

-3.56%

Sebi imposes Rs 30 lakh penalty on Vedanta Ltd for incorrect disclosures

Business Standard

Markets regulator Sebi on Friday imposed a fine of Rs 30 lakh on Vedanta Ltd for failing to provide correct disclosures, including on its website, in relation to certain announcements made by the company last year. In a 24-page order, Sebi said the act of Vedanta Ltd (noticee) to carry news not pertaining to its operations on the website leads to providing misleading information to the investors of the public limited company. "All these events may lead one to cast aspersions on the intent of the company to host the press release on its website," the regulator said as it imposed a fine of Rs 30 lakh on the company for certain violations of norms. The fine has been slapped for the failure to provide correct disclosures, including misrepresentation on the company's website. In March this year, the Securities and Exchange Board of India (Sebi) issued a show cause notice to Vedanta Ltd. The matter pertained to announcements related to the semiconductor business, including the company's

Vedanta Ltd. is trading below its 150 day SMA of 443.5

Vedanta to review steel biz for a possible sale

Business Line | 30 Jun 2023, 08:00PM 3 more

Vedanta Ltd.

29 Jun 2023

435.55

-3.56%

UK-India Week 2023 event: Rishi Sunak meets Sonam Kapoor, Vivek Oberoi, boxer Mary Kom, Vedanta's Anil Agarwal at 10 Downing Street

Business Today

The UK-India Week 2023 is the fifth instalment of the India Global Forum's (IGF) flagship event. The event is being held from June 26-30 in London.

Vedanta Ltd. has an average target of 522.75 from 5 brokers.

Vedanta Ltd.

28 Jun 2023

435.55

-3.56%

Vedanta ropes in YJ Chen as CEO of display business

Moneycontrol

Before joining Vedanta, Chen was with Chinese display maker HKC Corp, where he was Executive Vice President.

Vedanta Ltd. is trading above its 100 day SMA of 431.9

Vedanta names YJ Chen new CEO of display business

Business Line | 28 Jun 2023 4 more

Vedanta Ltd.

28 Jun 2023

435.55

-3.56%

Vedanta-Foxconn files a revised application for manufacturing chips: Report

livemint

Vedanta-Foxconn JV has submitted a revised application to produce 40-nanometer chips after failing to find a partner for 28-nanometer chips in India. The government reopened the application window for the semiconductor manufacturing incentive scheme, which will remain open until December 2024.

Vedanta Ltd. is trading below its 150 day SMA of 443.5

Vedanta Foxconn re-submit application to set up semiconductor plant

Business Standard | 27 Jun 2023 1 more

Vedanta Ltd.

27 Jun 2023

435.55

-3.56%

CII collaborate with Vedanta to support technology-based startups

Business Standard

Industry body CII's Centre of Excellence for Innovation, Entrepreneurship and Startups on Tuesday announced its strategic partnership with Vedanta Limited, a globally diversified natural resources conglomerate. This collaboration aims to promote corporate-startup connect and provide support to technology-based startups through CII CIES's Corporate Accelerator program, CII stated. As part of this programme, startups have the opportunity to present their minimal viable products (MVPs) on demo day, to secure contracts with participating corporates. "This partnership aims to impact a substantial number of startups in the technology space. Through this collaboration, Vedanta Limited aims to leverage CII CIES's expertise to identify and nurture startups that align with its vision of transformative and sustainable technologies," CII said.

Vedanta Ltd. is trading above its 100 day SMA of 431.9

CII and Vedanta sign MoU to foster corporate start-up connect

Business Line | 27 Jun 2023

Vedanta Ltd.

26 Jun 2023

435.55

-3.56%

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Business Standard

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'