/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Vedanta founder has his hands full trying to keep the mining and metals giant relevant in an ESG-focused world. Will a shift to electronics be his silver bullet?
He is like Ramvilas Paswan of Metals."
That was a Twitter response to a popular investor who had tweeted: “Anil Agarwal is your lead indicator for the commodities bull market. He buys, we buy. If and when he does the IPO, we sell!!!”
This was on 23 November, when shares of Vedanta Ltd, Agarwal’s flagship company, saw a near 8% jump in response to news that the promoters were planning to increase their stake in Vedanta by buying shares at a 5.5% premium. Just days before, the billionaire entrepreneur had announced a major restructuring exercise at his mining and metals …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
