vedanta ltd

Taiwanese electronics manufacturing giant Foxconn and mining behemoth Vedanta are committed to the semiconductor mission and the Make-in-India programme of the country, Union Minister of Electronics and IT Ashwini Vaishnaw said on Monday. The comments came against the backdrop of Foxconn announcing pulling out of its semiconductor joint venture Vedanta Foxconn Semiconductors Private Limited. "Both the companies Foxconn and Vedanta are committed to India's semiconductor mission and Make in India program," Vaishnaw…

Anil Agarwal-led Volcan Investments has decided to rejig semiconductor business segment by bringing it under subsidiary Twin Star Technologies Limited, the group firm Vedanta said on Friday. Under the new structure, Twin Star Technologies (TSTL), which is a sister concern of Vedanta Ltd, will become its subsidiary and Vedanta's semiconductor and display business will be brought under TSTL. "The acquisition will be effected by way of a share transfer at face value of Twin Star Technologies Limited's (TSTL) Semiconductor…

Metals-to-oil conglomerate Vedanta Ltd said on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan's Foxconn that was set up to make semiconductors.Vedanta also said it would also take over a display glass manufacturing venture from Volcan Investments, Vedanta's holding company. Volcan and Foxconn signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the state of Gujarat in west India to tap into the country's plans to…

Vedanta and Tata Steel are among companies rolling out electric vehicle (EV) policies to encourage employees to buy them in a year that’s already expected to see record adoption of battery-powered automobiles. Tech companies and banks too are doing their bit. Capgemini, Cognizant, Barclays, Bank of New York Mellon and Allianz Technology are mandating that a certain proportion of vendors’ fleets for employee transportation should be electric. Hotel chains such as Marriott and Novotel are stipulating a similar rule. MNCs…

Globally diversified natural resources firm Vedanta Ltd. said it has rolled out an EV policy for its employees, under which incentives ranging from 30 to 50 percent will be provided on the purchase of electric vehicles. As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030. The incentives would be given to various employee grades for purchase of four- and two-wheeler electric vehicles (EVs), it said. The EV Policy will come into…

Major Apple Inc supplier and iPhone assembler Foxconn said it had hired Chiang Shang-yi, a former top executive at Taiwanese chipmaker TSMC and Chinese chipmaker SMIC, to lead its growing push in the chip business. Foxconn, the world's largest contract electronics maker, is best known for assembling iPhones and other Apple products, though in recent years it has been expanding into chips to diversify its business. It bought a chip plant from Taiwan chipmaker Macronix International last year and in September announced a…