Profit

Decide on Vedanta deal by January end: PMO

PUBLISHED ON: January 10, 2011 | Duration: 3 min, 01 sec

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The Prime Minister's Office (PMO) has asked Oil Ministry to decide on giving consent to Vedanta Resources' $9.6-billion acquisition of Cairn India by January end, at least a month earlier than the deadline Murli Deora's ministry had set for itself. The directive followed a one-on-one meeting mining group chairman Anil Agarwal had with the Prime Minister Manmohan Singh to press for an early decision.
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