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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.
Though the American short seller’s report lacks bite, it does show that Agarwal’s Vedanta Resources continues to face headwinds of several kinds.
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.
Despite a higher offer, creditors chose Gautam Adani’s Adani Enterprises—setting up a courtroom fight that raises questions over the bankruptcy resolution process’s priorities.
The silver rally has helped the primary cash generator of Agarwal’s mining empire return record numbers in Q3. Investors are pleased. But a few questions linger.
