Vedanta Deal

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  Foxconn Quits $19 Billion Partnership With Vedanta: Explained In 5 Points

  Taiwan's Foxconn has withdrawn from a $19.5 billion chip-making joint venture with Vedanta. Both have no prior semiconductor experience or technology, and were expected to source it from a technology partner, Union Minister Rajeev Chandrasekhar said.

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  "PM Promised...": Team Thackeray Slams E Shinde, BJP Over Tata-Airbus Deal To Gujarat

  Thackeray Sena spokesperson Arvind Sawant says "slave" government in Maharashtra "can't say anything" over projects going to neighbouring state

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  Amid $20 Billion Deal Row, Maharashtra Clears Pre-Sanctioned Industrial Plots

  Amid a row over a Vedanta-Foxconn multi-billion project going to Gujarat, the Maharashtra government has after a review cleared 181 plots sanctioned by the previous Maha Vikas Aghadi (MVA) government for industrial projects.

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  Vedanta Merger: Cairn Calls Shareholders' Meeting On September 12

  Cairn India has called a shareholders' meeting on September 12 to seek approval for the company's takeover by its parent Vedanta Ltd under a revised all-share deal.

• Cairn India shares fall on litigation challenging acquisition by Vedanta

  The PIL sought a CBI probe into the reasons for ONGC not asserting its legal rights in Cairn India acquisition

• Cairn India jumps 4% on decent Q3 numbers

  Cairn India reported 12 per cent rise in net profit for the quarter ended December 31, 2011.

• Cairn announces completion of Vedanta deal

  Vedanta Group now holds 60 per cent in Cairn India, while Cairn Energy retains about 22 per cent.

• ONGC gives NOC for sale of Cairn India to Vedanta

  State-owned ONGC has given a no-objection certificate to Cairn Energy's sale of a majority stake in its Indian unit to Vedanta Resources, paving the way for conclusion of the $8.71 billion deal in the next few days.

• Cairn-Vedanta deal gets Home Ministry approval

  The Home Ministry has given its nod to Vedanta Resources' buying majority stake in Cairn India for $8.7 bn.

• Cairn up 4% on ONGC's approval to deal with Vedanta

  Shares of Cairn India jumped by nearly 4 per cent in early trade on the bourses on Wednesday after state-owned Oil and Natural Gas Corp (ONGC) approved its parent firm Cairn Energy's stake sale to Anil Agarwal-led Vedanta Resources. ONGC on Tuesday gave its consent to Vedanta Resources for taking over Cairn India, but only if the mining grou...

• Sensex choppy on profit booking; IT stocks up

  The markets have come under some selling pressure owing to profit booking after a six day rally. The Sensex was down 36 points to 18,810 and the Nifty was trading 12 points lower at 5,635. Consumer durables stocks fell over 1 per cent while some weakness was seen in oil and gas, auto and healthcare counters. Realty stocks, however, led the a...

• Cairn India, ONGC stocks rise after nod to Vedanta deal

  Shares of Cairn India surged by nearly 3 per cent in morning trade on the Bombay Stock Exchange after the government gave its approval for the sale of a stake to UK-based mining firm Vedanta, 10 months after the deal was first announced. The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh yesterday gave i...

• Cairn India falls on revision of Vedanta deal value

  Shares of Cairn India fell by over 2 per cent in morning trade on the bourses today after parent Cairn Energy Plc agreed to lower the price at which it will sell up to 40 per cent stake in its Indian unit to Vedanta  Resources. Cairn India's shares went down by 2.19 per cent to touch  an early low of Rs 302.40 on the BSE, while on ...

• Cairn Energy extends the deadline for Vedanta deal

  Cairn Energy has extended the deadline for closing the deal to sell a majority stake in Cairn India to Vedanta Resources. Cairn Energy said Vedanta deal deadline has been extended to secure government consent. However, the company did not state when it expected to close the deal. A ministerial panel is likely to meet on May 27 to consider Ca...

• Cairn India stock falls as Vedanta deal further delayed

  Shares of Cairn India fell by nearly 2 per cent in the morning trade on the Bombay Stock Exchange today after the government referred Vedanta Resources $9.6-billion buyout of the Indian firm to a ministerial panel, thus delaying the buyout. Hit by the delay, the stock made a weak opening on the BSE and within minutes slipped by 1.93 per cen...