success story
Why the Foxconn-Vedanta deal fell through
Foxconn stated that it had worked with Vedanta for more than a year to bring "a great semiconductor idea to reality", but they had mutually decided to end the joint venture and it will remove its name from an entity that is now fully-owned by Vedanta. Vedanta, on its part, said that it reiterates that it is fully committed to its semiconductor fab project and "we have lined up other partners to set up India’s first foundry.
Foxconn withdraws from JV for chip manufacture, Vedanta to go ahead
Foxconn was supposed to execute a $19.5 billion semiconductor joint venture with metals to oil conglomerate Vedanta. Foxconn and Vendanta had signed a MoU in 2022 to establish semiconductor and display production parts in Gujarat, the home state of PM Modi.
Vedanta has best dividend yield among large cap stocks
As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent.
Companies should take care of their employees: Vedanta Chairman on layoffs
"In these uncertain times of global layoffs, I am reminded of a story that will always stay with me -- one of hope, unity and the power of believing in people. When we first took over HZL, instead of focusing on machines, we chose to put our focus on people who made this company what it was," Vedanta Chairman posted.
Vedanta joins 20 Korean display firms for electronics manufacturing hub in India
The MoUs were signed at the recently-concluded 'Korea Biz-Trade Show 2023' event organised by KOTRA, the state-funded trade and investment promotion organisation operated by the South Korean government, in collaboration with Korea's Ministry of Trade, Industry and Energy.
India Energy Week: PM Modi holds meeting with energy sector captains
"India can help the world solve the climate crisis with technology and investment made in innovation in the energy sector. It's delightful to listen to PM Modi in India energy week," Joseph McMonigle, secretary general of International Energy Forum, said after the meeting.
Vedanta appoints chip industry veteran David Reed as CEO of new biz
David Reed will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit, the company said in a statement. Reed was formerly with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations.
Vedanta-Foxconn semiconductor plant leads India to usher in golden age for electronics
Many countries far-off have to pay a heavy price while some are able to deal in excesses of these chips, acting as middlemen in some cases. However, of late, a number of countries have been actively trying to lure companies into manufacturing the same on their soil to usher in a new era of electronics manufacturing and obtain seamless access to chips overall.
Have lined up new investments of Rs 25K cr in Odisha, says Anil Agarwal
"We (Vedanta) stand testimony to what is possible if you Make in Odisha. It is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Naveen Patnaik ji, which is reflected in the state's Ease of Doing Business rankings," he said in a statement.
Vedantu follows BYJU's, Unacademy to offset online losses, launches tuition centre
The tuition centre will primarily cater to students preparing for IIT-JEE and NEET exams. "These hybrid centres are well equipped with hi-tech technology, the teaching model offers learning from the most inspiring master teachers across the country enabled by innovation to offer best-in-class live and interactive features in tier 3 and tier 4 cities," said Vamsi Krishna, CEO and Co-Founder, Vedantu.
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