Anil Agarwal News

Anil Agarwal, Bihar’s richest man, started his career as a scrap metal dealer with no formal education and faced nine business failures. Despite these challenges, he built the Vedanta Group into a global leader in natural resources. His journey highlights the power of perseverance, learning from failure, and the relentless pursuit of success.

Anil Agarwal's story is of a man who did not give up despite several failures because he had bigger dreams and achieved them  through unrelenting hard work and perseverance. 

Vedanta Limited has announced the third interim dividend of the year for its shareholders. Billionaire Anil Agarwal-led mining giant said its board of directors finalised the dividend at November 22 meeting. Vedanta will pay a 1750 per cent dividend to its shareholder on a face value of Re 1 each.

Vedanta-Foxconn signed an MoU with the Gujarat government to set up a semiconductor unit. Vedanta-Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat. Rs 94,000 crore will go into setting up the display manufacturing unit, while Rs 60,000 crore will be invested in the semiconductor facility.

The fund will be made of Vedanta's own resources and outside investment. The idea is to create a fund with a 10-year life span that will use a private equity-type strategy, buying into companies and boosting their profitability before seeking an exit.

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd.

Vedanta holds 100 per cent participating interest in the block.

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018.

The move comes weeks after the killing of 13 protesters in police firing at the firm's copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.

Vedanta has often been accused of making a mockery of environmental laws. The latest fire that Anil Agarwal is attempting to fight is raging in Tamil Nadu's Tuticorin district.

Agarwal, who holds a 71.4 percent stake in Vedanta, told the Financial Times in an interview published on Wednesday that he plans to step back from running the company.

Venkatakrishnan, or Venkat as he is known, is currently the CEO of Johannesburg-based AngloGold Ashanti Ltd, the world's largest emerging market gold producer.

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families. 

The BJP candidates were Union Finance Minister Arun Jaitley, national general secretary Anil Jain, spokesman GVL Narasimha Rao, Vijay Pal Tomar, Kanta Kardam, Ashok Bajpai, Harnath Yadav, Sakaldeep Rajbhar and Anil Agarwal.

De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.

He further said that this decade will belong to India and it is the best time to invest here.

The government needs to improve business climate further, encourage self certification and trust entrepreneurs for promoting new businesses, NRI billionaire Anil Agarwal said on Thursday.

British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

Mining billionaire Anil Agarwal plans to buy stake in South Africa's Anglo American Plc for up to 2 billion pounds (USD 2.4 billion) to gain a foothold in diamond mining business.