Vedanta
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Foxconn-STMicro to set up chip unit

Reports stated that by partnering with STMicro, contract manufacturer Foxconn is tapping the expertise of a chip industry pioneer to expand in the lucrative but difficult semiconductor business.

published on : 8th September 2023
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Vedanta wins arbitration against govt in USD 1.1 bn cost disallowance case

As per the contract, companies are allowed to recover all costs incurred before splitting profit in a predetermined ratio with the government.

published on : 27th August 2023
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Vedanta planning to list some businesses to unlock shareholders’ value

Agarwal said that in the last two decades Vedanta has entered new business that are import-substitute, ones that create stiff entry barriers for new players.

published on : 26th August 2023
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Protest in front of Vedanta mine enters second day

Samal said that the agitation would continue until the company addresses the villagers’ demands.

published on : 20th August 2023
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Cops, officials face ire of tribals opposing mining in Odisha

When Maitri officials tried to forcibly enter the area, a minor scuffle broke out between the police and locals.

published on : 8th August 2023
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'People want a Raghavan, not a John': Anil Agarwal on Tamils leading Silicon Valley firms

On a brief visit to the city, the business icon said the people of Tamil Nadu were thriving across sectors.

published on : 6th August 2023
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Vedanta in process of tying up with world-class tech partner for semiconductor: Anil Agarwal

The group has made it clear that it remains committed to building India's first semiconductor and display fabs in Dholera Special Investment Region in Gujarat.

published on : 28th July 2023
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Vedanta net profit falls 40 per cent

The company’s total income also fell to `34,279 crore from Rs 39,355 crore in the year-ago period. Its expenses were at Rs 31,973 crore as against Rs 32,095 crore a year ago.

published on : 22nd July 2023
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Waiting for govt nod to semiconductor application under new scheme: Vedanta

Substantial progress has happened to tie up technology and equity partners in semiconductors and we will make an announcement soon,” said Hebbar. 

published on : 19th July 2023
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Foxconn setback: India still big as regional chipmaking hub

All the brouhaha was a waste. Foxconn has now pulled the plug on the joint venture. The project was moving slowly, but the snapping of relations came as a surprise blow.

published on : 16th July 2023
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‘Vedanta will foray into chip making this year’

Its ambitious project to venture into semiconductor manufacturing faced a setback as Taiwanese electronics giant Foxconn pulled out from a joint venture with Vedanta Ltd. 

published on : 13th July 2023
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After junking Vedanta, Foxconn plans to apply separately for chip manufacturing unit in India

The microchip giant said it is reviewing the landscape for optimal partners for the project.

published on : 11th July 2023
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Foxconn pulls out of semiconductor joint venture with Vedanta

The development comes in the wake of the joint venture’s failure to onboard a technology partner to manufacture nano chips.

published on : 11th July 2023
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Never trust manufactured headlines: Cong after Foxconn withdraws from Vedanta joint venture

In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move forward on the joint venture with Vedanta.

published on : 10th July 2023
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Foxconn junks USD 19.5 bn Vedanta chip plan, Vedanta says other investors lined up

In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move forward on the joint venture with Vedanta.

published on : 10th July 2023
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Vedanta-Foxconn to re-submit application for semiconductor plant

The Vedanta-Foxconn joint venture (JV) has resubmitted application for a 40-nanometer (nm) node fabrication plant. 

published on : 28th June 2023
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No plan to sell copper smelter plant in Thoothukudi: Vedanta to BSE

Putting all speculations to rest, Vedanta Limited had clarified to the BSE (formerly Bombay Stock Exchange) that it is not selling its copper smelter plant in Thoothukudi.

published on : 23rd June 2023
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Vedanta invites EOI to restart copper plant in Thoothukudi

“We recognise that the Sterlite Copper plant, following its closure for over 5 years, requires significant restoration efforts.

published on : 14th June 2023
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OERC rescinds ‘erroneous’ order on Vedanta CGP

A fresh calculation by the commission headed by Mohapatra found Gridco will sustain a losses of around Rs 155 crore annually if it does not procure the power.

published on : 12th June 2023
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Vedanta-Foxconn plans to apply for 40 nanometer fab

The government is evaluating them. Subsequently, starting from June 1, 2023, the government reopened the application process for the scheme to attract major players in the industry

published on : 10th June 2023
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