Vedanta Limited (VEDL.NS)
- Bloomberg
India Expands Incentives for Chip, Display Units in Renewed Push
(Bloomberg) -- India is wooing semiconductor and display makers to the country by increasing financial incentives for setting up manufacturing units under a $10 billion plan.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More Week‘Read Putin More Often and Carefully,’ Lavrov Tells the WorldThe Great Bond Bubble Is ‘Poof, Gone’ in Worst Year Since 1949UK Market Plunge Sparks Talk of Emergency BOE Rate HikePrime Minister Narendra Modi’s administration will bear half
- Bloomberg
Vedanta Drops Most in Months as Chip Factory Plan Unclear
(Bloomberg) -- Vedanta Ltd.’s stock dropped the most in almost three months, amid questions about the billionaire Anil Agarwal-backed mining company’s involvement in a “landmark” Indian semiconductor factory investment. Most Read from BloombergGermany Tightens Control Over Industry With Russian Oil GrabAdobe Near Deal for Online Design Startup Figma, Sources SayPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionRay Dalio Does the Math: Rates at 4.5% Would Sink Stocks by 20%Adobe Tumbl
- Reuters
UPDATE 2-Vedanta sees no funding problems for Indian chip JV with Foxconn
India's Vedanta does not see any funding problems for a $19.5 billion semiconductor venture with Taiwan's Foxconn, its chairman told CNBC-TV18 on Wednesday, adding he hoped the project would foster local electronics clusters. Metals-to-oil conglomerate Vedanta on Tuesday signed an agreement with the western Indian state of Gujarat for the project, which it expects will start commercial production in about two years. "With the reputation of ours and Foxconn, money will never be a constraint."
