India's Vedanta shares drop over 2% as Taiwan's Foxconn withdraws from $19.5bn semiconductor joint venture. Prime Minister Modi's chipmaking plans hit.
Vedanta Foxconn Joint Venture resubmits application for electronic chip manufacturing plant in India under revised semiconductor program, boosting Atmanirbharta and reducing import dependency.
Vedanta bags Block-VII of Cudnem mineral block in Goa, estimated to have 8.3 million tonnes of hematite iron ore. The mining lease grant is subject to necessary approvals with hope for recommencement of mining activities in Goa by the end of 2021.
India's Vedanta shares drop over 2% as Taiwan's Foxconn withdraws from $19.5bn semiconductor joint venture. Prime Minister Modi's chipmaking plans hit.