Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Vedanta Resources Unit To Resume Mining Operations At Karnataka - Quick Facts

India-focused miner Vedanta Resources Plc's (VED.L) subsidiary, Sesa Goa Ltd., now known as Sesa Sterlite Ltd., sought permission from the Honorable Supreme Court appointed Monitoring Committee to resume the mining activities at its Karnataka mine. Therefore, the firm has started its mining operations today, in accordance with stipulated conditions.

The Honorable Supreme Court of India had earlier given the clearance for resumption of mining operations for A and B category mines in Karnataka, vide its order dated 18 April 2013.

Click here to receive FREE breaking news email alerts for Vedanta Resources Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006. Amazon.com, Inc. said Thursday that its second quarter loss widened from last year, as operating expenses outpaced revenue growth amid heavy spending on new technology and contents. The company's quarterly loss per share was also wider than what analysts expected, but is quarterly sales came in line with analysts' forecast. The company also forecast an operating loss for the current quarter. After failing to sustain an initial upward move, stocks showed a lack of direction throughout much of the trading day on Thursday. The major averages eventually closed nearly unchanged, turning in a mixed performance for the second straight day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.