Vedanta says its Anglo American stake buy meets India’s criteria

Vedanta, the natural resources company controlled by Anil Agarwal said  its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo American met all governance requirements. The company, India’s largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided “significantly higher” returns compared […]

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Daily Masala

Here is what others are talking about this morning: Asia shares near one-year top, await China trade data, ECB Gold steady as dollar slips; ECB in focus Biggest oil traders see another year of pain as glut persists  Oil extends gains after data shows huge stock draw Why China’s $1 trillion merger makeover could fail […]

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