The Odisha High Court on Tuesday directed National Aluminium Company NSE 0.19 % (Nalco) to allow resources conglomerate VedantaNSE 0.94 % to bid in the former’s tender for the sale of surplus alumina, an issue that has...
BofA is said to purchase Jayaswal Neco, its biggest distressed asset buy in India
Bank of America Corp. has bought its biggest distressed asset in India, adding to a growing trend of foreign investors diving deeper into the country’s massive pile of bad debt. A group of investors led by the U.S. bank...
National Mineral Policy to ease merger and acquisition of mining entities
The union cabinet has approved the National Mineral Policy (NMP) 2019 that aims to ease merger and acquisition of mining entities, attract private sector participation in exploration, allow transfer of mining leases and...
Vedanta says Anglo American stake buy meets governance requirements
Indian miner Vedanta Ltd said here on Monday that its foreign unit Cairn India Holdings Limited’s investment in Anglo American Plc met all governance requirements. Vedanta’s statement comes days after its shares...
Vedanta pumps Rs 1,431 cr in Anglo American, buys Volcan’s stake
Cairn India Holdings, a subsidiary of Vedanta, bought a stake in Anglo American from Volcan Investments, a family trust of promoter Anil Agarwal. The investment was made in the December quarter, according to Vedanta’s...
Arconic shares jump after report of buyout by Apollo Global
Shares of Arconic Inc (ARNC.N) closed up 9.7 percent after Bloomberg reported here that Apollo Global Management LLC (APO.N) is in talks to buy the U.S. aluminium products maker for about $22 a share, citing people...
Vedanta to move SC against Madras HC to reopen Sterlite copper plant
The Vedanta Group company Sterlite has said it would move the Supreme Court to implement the NGT order to reopen its copper plant in Tuticorin. “The honourable Madras High Court, Madurai Bench, Friday issued...
NCLAT stays insolvency process order against Eastern Coalfields
The National Company Law Appellate Tribunal (NCLAT) has issued a stay order against the National Company Law Tribunal (NCLT)’s order asking for the initiation of corporate insolvency resolution process against Coal...
China’s Tianqi says stake in Chile lithium miner SQM good for both firms
The chief executive of China’s Tianqi Lithium Corp said she believes investing in Chile’s lithium miner SQM will bring “long-term benefits” for both companies, despite strict conditions set for its involvement by local...
CCI dismisses complaint against Coal India, its subsidiary
The Competition Commission of India (CCINSE 0.00 %) has dismissed a complaint against state-owned Coal India NSE 0.12 % and its subsidiary, Western Coalfields, alleging unfair business practices regarding fuel supply...
GFG Alliance to buy outstanding stock in KCI for $320 million
Metals and engineering conglomerate GFG Alliance will be buying all outstanding stock in Keystone Consolidated Industries (KCI) from Contran Corporation for a consideration of $320 million (Rs 2,252 crore) via its group...
Liberty House keen to resolve issues in Amtek, Adhunik deals
Despite reports that Adhunik Metaliks and Amtek Auto will head into liquidation after Liberty House missed deadlines to make payments to the Committee of Creditors, the global commodities company led by London...
