Cairn India-Volcan Investment transaction met govt standards, says Vedanta

Clarifying the Cairn India-Volcan Investment transaction, Anil Agarwal-led Vedanta on Monday said the structure provides significantly higher returns compared to other overseas cash management investments that would typically return around two per cent. Last week, Vedanta announced that Cairn India Holdings Limited, would invest $0.5 billion in Volcano Investment Limited, the parent company of Vedanta […]

NTPC to challenge Rs 2,000-crore arbitration award to Jindal ITF

State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments. Jindal ITF is a subsidiary of Jindal SAW. NTPC would have to pay extra interest depending on time between the date […]