Why Vedanta share price is rising
These three reasons have pushed Vedanta's share price 20% higher in the past couple of days.20-09-2022
20-09-2022
Vedanta-Foxconn issue: Was money demanded from firm, asks Raj Thackeray
Maharashtra Navnirman Sena chief Raj Thackeray on Monday sought an inquiry into the state losing the multi-billion dollar Vedanta-Foxconn semiconductor chip manufacturing project to neighbouring Gujarat and asked if any money was demanded from the joint venture firm. He said Maharashtra used to be the leading state in the country when it came to attracting industries but this was changing. "It must be investigated why industries that were supposed to come to Maharashtra have now shifted to other states. Was money demanded from them," he said when queried on the Vedanta-Foxconn political slugfest. Addressing a press conference here, he also rued the political situation in the state over the last few years and said it was tough to understand or guess who would ally with whom to form government. "I have never seen such chaos and cheating in Maharashtra politics. No one knows who is with whom, who is forming government," he said. Attacking former chief minister Uddhav Thackeray, the M19-09-2022
Vedanta Resources' semiconductor plans won't chip away at liquidity: SP
Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday. "This is because the company has reiterated that the USD 20 billion related investment will be carried out outside of Vedanta Resources. The business will be undertaken in a separate entity under Vedanta Resources' holding company Volcan Investments Ltd," it said. Vedanta and its partner and Taiwanese electronics manufacturing giant Foxconn last week signed a pact with the Gujarat government for setting up a semiconductor factory in Gujarat. Semiconductor chips, or microchips, are essential pieces of many digital consumer products - from cars to mobile phones and ATM cards. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of nearly 19 per cent to reach USD 64 billion in 2026. But none of ..19-09-2022
'Gujarat not Pakistan': Fadnavis on Vedanta-Foxconn semiconductor project
Amid mounting criticism over Gujarat bagging a multi-billion Vedanta-Foxconn semiconductor project, Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday said the neighbouring state was not a part of Pakistan and alleged a "10 per cent commission" had to be paid for availing any subsidy during the previous Maha Vikas Agahdi (MVA) government. Without naming the Uddhav Thackeray-led Shiv Sena, Fadnavis targeted the party for opposing big-ticket projects like a refinery in Maharashtra which had the potential of taking the state ahead of others for the next ten years, as he slammed his former ally for stalling the Mumbai-Ahmedabad bullet train and Mumbai Metro 3 infrastructure ventures. Fadnavis said after taking over as the deputy chief minister in June-end, he personally met Vedanta chairman Anil Agarwal and Maharashtra even offered a tailor-made package to the company to match up the Gujarat offer, but he was told a decision to move the semiconductor unit to Gujarat was in16-09-2022
Vedanta reorganise capital, to distribute 12,587 cr as dividend
Major chunk of dividend will go to parent co Vedanta Resources16-09-2022
IGSS signs up three equity partners for $3.5-bn wafer plant in Tamil Nadu
Vedanta-Foxconn announced an MOU to set up its chip and display plant in Gujarat on Wednesday16-09-2022
Stop kidding, get serious now: NCP's Sule to Maha CM on Vedanta-Foxconn row
Scores of NCP workers were detained at a noisy demonstration in Mumbai, and in Pune, raising slogans against Shinde-Fadnavis for the state losing the prestigious Vedanta-Foxconn project to Gujarat15-09-2022
Vedanta Limited - 500295 - Reply To News Clarification
This is with reference to your email dated September 15, 2022 on the captioned subject with respect to recent news item which appeared in the 'www.business-standard.com' dated September 14, 2022 captioned 'Vedanta to create hub to manufacture iPhones, TV equipment in India', seeking a response from the Company on the same. We request you to kindly take note of the below: Further to the clarification issued by the Company on February 16, 2022, we reiterate that the proposed business of manufacturing semiconductors is not under Vedanta Limited and we understand that it will be undertaken by the ultimate holding company of Vedanta Limited, Volcan Investments Limited.15-09-2022
Vedanta Limited - 500295 - Reply To News Clarification
This is with reference to your email dated September 15, 2022 on the captioned subject with respect to recent news item which appeared in the 'www.reuters.com/' dated September 13, 2022 captioned 'Vedanta, Foxconn to invest $19.5 billion in India''s Gujarat for chip, display project', seeking a response from the Company on the same. We request you to kindly take note of the below: Further to the clarification issued by the Company on February 16, 2022, we reiterate that the proposed business of manufacturing semiconductors is not under Vedanta Limited and we understand that it will be undertaken by the ultimate holding company of Vedanta Limited, Volcan Investments Limited. Trust this clarifies.15-09-2022
Vedanta Limited - 500295 - Clarification sought from Vedanta Ltd
The Exchange has sought clarification from Vedanta Ltd on September 15, 2022, with reference to news appeared in https://www.business-standard.com dated September 15, 2022 quoting "Vedanta to create hub to manufacture iPhones, TV equipment in India."The reply is awaited.15-09-2022