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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Vedanta founder has his hands full trying to keep the mining and metals giant relevant in an ESG-focused world. Will a shift to electronics be his silver bullet?
Editor's note: He is like Ramvilas Paswan of Metals." That was a Twitter response to a popular investor who had tweeted: “Anil Agarwal is your lead indicator for the commodities bull market. He buys, we buy. If and when he does the IPO, we sell!!!” This was on 23 November, when shares of Vedanta Ltd, Agarwal’s flagship company, saw a near 8% jump in response to news that the promoters were planning to increase their stake in Vedanta by buying shares at a 5.5% premium. Just days before, the billionaire entrepreneur had announced a major restructuring exercise at his mining and metals behemoth, with plans to hive off steel, aluminum and oil & gas units into separate companies. Then too, the stock had reacted positively even as the broader markets fell. The Ram Vilas Paswan comparison is an apt description for Agarwal. The late Paswan, a nine-time parliamentarian, was a master politician who wouldn’t hesitate to align his Lok Janshakti Party with the party he thought had the best chance of winning the next general elections. Even as ruling parties changed after …
The Vedanta founder has his hands full trying to keep the mining and metals giant relevant in an ESG-focused world. Will a shift to electronics be his silver bullet?
Editor's note: He is like Ramvilas Paswan of Metals." That was a Twitter response to a popular investor who had tweeted: “Anil Agarwal is your lead indicator for the commodities bull market. He buys, we buy. If and when he does the IPO, we sell!!!” This was on 23 November, when shares of Vedanta Ltd, Agarwal’s flagship company, saw a near 8% jump in response to news that the promoters were planning to increase their stake in Vedanta by buying shares at a 5.5% premium. Just days before, the billionaire entrepreneur had announced a major restructuring exercise at his mining and metals behemoth, with plans to hive off steel, aluminum and oil & gas units into separate companies. Then too, the stock had reacted positively even as the broader markets fell. The Ram Vilas Paswan comparison is an apt description for Agarwal. The late Paswan, a nine-time parliamentarian, was a master politician who wouldn’t hesitate to align his Lok Janshakti Party with the party he thought had the best chance of winning the next general elections. Even as ruling parties changed after …
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Record earnings and a cleaner balance sheet offer relief, but muted production growth, delayed projects and a heavy reliance on favourable commodity cycles could weigh on the newly demerged entities of Anil Agarwal’s mining-to-metals group.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Record earnings and a cleaner balance sheet offer relief, but muted production growth, delayed projects and a heavy reliance on favourable commodity cycles could weigh on the newly demerged entities of Anil Agarwal’s mining-to-metals group.
