Louis Dreyfus Company [AKIRAU.UL] expects to start conversations on potentially selling a stake in its metals business in the second half of 2017, Chief Executive Gonzalo Ramírez Martiarena said on Wednesday. A senior...
ZEE buys UAE’s oldest radio station Hum 106.2 FM
MUMBAI: Subhash Chandra-promoted Zee Entertainment EnterprisesBSE -0.33 % (ZEE) has acquired UAE’s Hum 106.2 FM, marking the Indian media conglomerate’s foray into radio. Launched in 1998, Hum is the UAE’s first Hindi...
India selling 7 per cent stake in miner Hindustan Copper
MUMBAI: India is selling a 7 percent stake in state-run Hindustan CopperBSE -3.90 % Ltd in stock market deals over two days to Friday, potentially raising the government Rs 4.02 billion ($60.5 million). The government...
Vedanta shareholders approve merger with Cairn India
LONDON: Mining major Vedanta Resources said on Tuesday that its shareholders have approved the merger of group companies Vedanta Ltd. and Cairn IndiaBSE 1.08 %. “Vedanta Resources announces that at its general...
Alcoa, Alumina settle dispute, revise joint venture
Alcoa Inc and its Australian partner, Alumina Ltd, have settled a dispute and agreed to make changes to their joint venture, removing an obstacle to Alcoa’s plan to split into two companies. The changes simplify...
Teck announces acquisition of securities of Jet Gold
Teck Resources Ltd : * Teck announces acquisition of securities of jet gold * Acquired 8,333,333 common shares, of Jet Corp and a $389,117 principal amount convertible debenture of Jet Gold Corp * Jet gold issued...
Hindalco divests stake in Australian arm Aditya Birla Minerals
MUMBAI: Aluminium maker Hindalco has divested its stake in Australian arm Aditya Birla Minerals for 73 million Australian dollars to Metals X. The divestment was completed in July this year. Aditya Birla Minerals...
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. In a bid to salvage the merger of cash...
Cairn’s biz outlook could suffer after merger with Vedanta
Oil company Cairn India’s business outlook might become more uncertain after its merger with metals major Vedanta because energy prices are less volatile than those of base metals. Vedanta recently sweetened the...
Anglo American rebuffs Anil Agarwal’s merger plan
Anil Agarwal, who has majority control of Hindustan Zinc through Vedanta, contacted Anglo American to discuss potential ideas including a combination with the Indian zinc miner. New York/London: Anglo American Plc, the...
Anglo American rebuffs merger interest from India’s Agarwal: Bloomberg
Anglo American Plc (AAL.L) has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter. Agarwal, who has majority control of Hindustan...
Kirloskar Ferrous to acquire pig iron plant of VSL Steels
NEW DELHI: Kirloskar FerrousBSE 1.88 % Industries today said it will acquire VSL Steels’s pig iron plant for Rs 155 crore in cash. “Board at its meeting on July 28, has granted in-principle approval for an...
