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Niyamgiri: A lesson for corporate world

Zee News, 12 hours 40 minutes ago / 'Save the real Avatar tribe' – read a poster held by weirdly dressed, blue painted protesters in London earlier this year.

Vedanta Resources in talks with Gujarat Mineral Development Corp for bauxite

domain-b.com, Sep 02, 2010 / Anil Agarwal-led Vedanta Resources has initiated talks with the Gujarat government to ensure long-term supply of bauxite for its refinery in Kalahandi district of Orissa after its mining project in the Niyamgiri hills failed to get central government clearance on environmental grounds.

ONGC can decide on bidding for Cairn India by October

The Pioneer, Sep 02, 2010 / State-owned Oil and Natural Gas Corp (ONGC) has over a month to decide if it chooses to exercise its pre-emption or right of first refusal to block sale of majority stake in Cairn India to Vedanta Resources.

ONGC can decide on bidding for Cairn India by Oct

The Economic Times - India, Sep 01, 2010 / State-owned Oil and Natural Gas Corp (ONGC) has over a month to decide if it chooses to exercise its pre-emption or right of first refusal to block sale of majority stake in Cairn India to Vedanta Resources.

Vedanta Resources : Director/PDMR Shareholding

InvestEgate, Aug 31, 2010 / This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

ONGC asks Cairn for details on deal with Vedanta

NewsNow: Scotland, Aug 31, 2010 / Taken completely off guard by Cairn Energy Plc's move to off load up to 51 per cent of its stake in Cairn India to London Stock Exchange-listed Vedanta Resources promoted by NRI tycoon Anil Agarwal, public sector explorer ONGC has told the Scottish company that the deal would need the state-run company's consent.

Vedanta Resources refused permission to mine bauxite from Orissa's Niyamgiri hills

Mbendi, Aug 31, 2010 / It has been reported that India's Environment and forest minister Jairam Ramesh's refused permission to Vedanta Resources to mine bauxite from Orissa's Niyamgiri hills for its alumina refinery at nearby Lanjigarh, citing violation of environmental laws and threatened penal action against the company.

Cairn-Vedanta deal may get OilMin's nod

rediff.com, Aug 30, 2010 / W ith Cairn Energy Plc voluntarily offering to meet government conditions, the Oil Ministry may find it difficult to nix its deal to sell majority stake in Cairn India [ Get Quote ] to Vedanta Resources.

Vedanta chief's Emperor Ashoka inspiration?

rediff.com, Aug 30, 2010 / Rajni Bakshi argues that if people don't struggle for fair and equitable prosperity right now, they might lose the chance of doing so in the future.

LAPFF: Vedanta Should Abide by International Pact

The Wall Street Journal, Aug 30, 2010 / U.K.-listed Vedanta Resources PLC should implement the International Council on Mining and Metals Sustainability Development Framework and appoint an independent non-executive director, said the U.K.'s Local Authority Pension Forum Monday.

Vedanta stripped of international safety awards

rediff.com, Aug 30, 2010 / L eading mining group Vedanta Resources has been stripped of international safety awards amid claims that it won the prize without declaring that a chimney collapse at one of its sites had killed at least 40 workers last year, according to a media report.

Why govt rejected clearance to Vedanta project

rediff.com, Aug 28, 2010 / R amesh said he has no prejudices against the Orissa government as his Ministry has cleared an important irrigation project in the state for which the in-principle approval was accorded yesterday.

Will follow regulations: Cairn bats for Vedanta

Hindustan Times - India, Aug 27, 2010 / takeover, London-listed Vedanta on August 16 announced buying 40 to 51 per cent in Cairn India from Cairn Energy Plc and up to 20 per cent from open market.

Vedanta episode won't hurt India's image: Montek

rediff.com, Aug 25, 2010 / T he Plan panel on Wednesday said the government's refusal to accord environment clearance to Vedanta's proposed $1.7 billion aluminium project in Orissa would not tarnish India's [ Images ] image as an investment friendly destination.

Summary Box: India rejects Vedanta mining project, APFN

The Garden Island - Lihu'e HI, Aug 24, 2010 / India's environment ministry has refused Vedanta Resources permission to mine bauxite for its alumina refinery in eastern India.

Vedanta mine project rejection, a major win for Dongria tribe: Survival Intl.

Insurance News Net, Aug 24, 2010 / Survival International, an organization supporting tribals worldwide for over four decades, on Tuesday claimed a major victory for itself and the Dongria Tribe in India's eastern Orissa state after India's Environment Minister Jairam Ramesh blocked UK-based Vedanta Resources' controversial plan to mine bauxite on the sacred hills of the Dongria Kondh tribe.

Govt rejects Vedanta mining plan on green worries

The Times of India, Aug 24, 2010 / India's environment ministry on Tuesday rejected a plan by India-focused mining group Vedanta Resources Plc to mine bauxite in Orissa, dealing a blow to the company already struggling with regulatory issues in India.

Anil Agarwal set to pip Mukesh Ambani as richest Indian

Hindustan Times - India, Aug 22, 2010 / Agarwal, as head of the promoter family, would command an estimated networth of close to Rs 1,67,000 crore, ahead of Mukesh Ambani at Rs 1,45,275 crore, a comparison of promoter family holding valuations for leading groups reveals.

Resource demand spurs M&A deal surge

FT.com, Aug 20, 2010 / The rise of China and India has sparked a renewed surge in aggressive dealmaking in the resources sector, with more than $50bn in proposed takeovers this week alone wagering on continued strong commodities demand.

Indian panel reject Vedanta mine plan

Mining Journal, Aug 16, 2010 / A panel set up to assess Vedanta Resources plc's planned bauxite mine in the state of Orissa has said the mine would cause serious damage to local tribes.

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Somali MPs killed in suicide bomb attack on Mogadishu hotel Telegraph - London - UK
Telegraph - London - UK, Aug 24, 2010/ The attack comes amid two days of fighting that have killed at least 40 civilians and wounded more than 130 in the capital according to Ali Muse, the head of Mogadishu's ambulance service.
Plane crashes in Nepal; foreigners among 14 dead The Seattle Times - Seattle WA
The Seattle Times - Seattle WA, Aug 24, 2010/ A small passenger plane heading to the Mount Everest region crashed in heavy rain Tuesday outside Nepal's capital, killing all 14 people aboard, including four Americans, a Briton and a Japanese national, officials said.
Cairn Energy narrows loss, sees Greenland promise MarketWatch
MarketWatch, Aug 24, 2010/ Scottish-headquartered oil exploration group Cairn Energy reported Tuesday that it sharply reduced net losses for the first half of the year, saying its first well in Greenland is showing signs of promise.
World stock markets fall as economy worries linger The Palm Beach Post - Palm Beach FL
The Palm Beach Post - Palm Beach FL, Aug 24, 2010/ World stock markets retreated Tuesday as the strong yen knocked Japanese shares and investors anticipated more bad news from U.S. economic reports this week.
Two British hostages survive bus siege carnage as eight are shot dead by rogue cop The Daily Mirror - London - UK
The Daily Mirror - London - UK, Aug 24, 2010/ Two Britons were rescued from a horrifying bus siege in which eight hostages died yesterday after a sacked policeman made a crazed attempt to get his job back.

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