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VEDANTA'S $3BN DEBT SPOTLIGHT DESPITE SPINOFF PLAN
The Business Guardian
|October 06, 2023
This acquisition binge is to blame for the conglomerate's ballooning debt. At the end of June, Vedanta Resources' total debt was $6.4 billion
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The money-seeking Vedanta Resources Ltd. of billionaire Anil Agarwal. The junk-rated mining conglomerate has approached investors to restructure $3 billion in bonds that are due in 2024 and 2025, while also dividing its enormous company to better serve the needs of individual businesses. But the group's dollar bonds are in free fall because debt investors aren't persuaded. Indian unit Vedanta Ltd. last week approved a plan to separate its business into six listed companies: aluminum, oil and gas, power, steel and ferrous, base metals and an incubator for new businesses including semiconductors. The reorganization is meant to give investors direct exposure to a business of their choice and improve the value of the group's component parts.
Denne historien er fra October 06, 2023-utgaven av The Business Guardian.
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The Business Guardian
Govt okays Rs 305-crore Tex-RAMPS scheme to boost R&D in textiles sector
The Government of India has approved a new central sector scheme, \"Textiles Focused Research, Assessment, Monitoring, Planning and Startup' (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country's textiles sector.
1 min
November 28, 2025
The Business Guardian
India's economy on strong footing as GST cuts boost demand, Inflation hits record low
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.
2 mins
November 28, 2025
The Business Guardian
HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA
With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.
4 mins
November 28, 2025
The Business Guardian
RURAL DEMAND LIFTS MICROFINANCE SECTOR AS LENDERS SEE SIGNS OF STABILITY
New Delhi: India's microfinance industry is witnessing a renewed upswing, supported by rising rural demand, improved repayment behaviour and early signs of asset quality stabilisation, according to experts and lenders.
1 mins
November 28, 2025
The Business Guardian
Tesla opens first all-in-one Centre in Gurugram
Tesla India announces the opening of its first Tesla Centre in Gurugram on Thursday, marking a major step in its plan to expand electric mobility in the country.
1 mins
November 28, 2025
The Business Guardian
NEW TELECOM CYBERSECURITY RULES IN FORCE: DOT
The ministry clarified through a press release that a subsequent inadvertent re-publication of the rules does not affect the validity of the original amendments.
2 mins
November 28, 2025
The Business Guardian
NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO
Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.
1 mins
November 28, 2025
The Business Guardian
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets
The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.
1 mins
November 28, 2025
The Business Guardian
An enchanting evening with veterans and gems of Hindi Poetry
The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.
1 min
November 28, 2025
The Business Guardian
Govt approves Rs 305-crore Tex-RAMPS scheme to
The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.
1 min
November 28, 2025
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