TAIPEI :The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.Indian conglomerate Vedanta Ltd's London-based parent, Vedanta Resource
TAIPEI :The Indian government and Foxconn had concerns over the financial situation of Vedanta, which led to the Taiwanese company parting ways with Vedanta on a chipmaking joint venture, sources familiar with the information told Reuters.
Indian conglomerate Vedanta Ltd's London-based parent, Vedanta Resources, has been plagued by a rising debt pile. In a statement to Reuters, Vedanta said its Indian unit, Vedanta Ltd, is in"a comfortable financial position" and there was"no basis" to such speculation.Some ratings agencies downgraded Vedanta Resources this year amid concerns about risks of a debt default.Source: Reuters
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Foxconn drops $19.5 billion Vedanta chip plans in blow to IndiaBENGALURU :Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India.Foxconn, which did not say why it had taken the decision, and Vedanta signed a pact last year
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India's Vedanta slips after Foxconn pulls out of semiconductor JVBENGALURU :India's Vedanta fell over 2 per cent on Tuesday, a day after Taiwan's Foxconn said it withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate.The companies partnered last year to set up semiconductor and display production plants in Gujarat state. Concerns abou
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Foxconn targets India's chip scheme after pulling plug on $19.5 billion JVTAIPEI/MUMBAI :Taiwan's Foxconn said it intends to apply for incentives under India's semiconductor manufacturing plan, a day after parting ways with Vedanta on a $19.5 billion chipmaking joint venture.Foxconn withdrew from the JV with Indian metals-to-oil conglomerate Vedanta on Monday, in a setback to Prime
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Foxconn eyes India chipmaking incentives after quitting $19.5 billion JVTAIPEI/NEW DELHI :Taiwan's Foxconn said on Tuesday it plans to apply for incentives that India is offering under its semiconductor manufacturing policy, a day after the company parted ways with Vedanta on a $19.5 billion chipmaking joint venture.Foxconn withdrew from its semiconductor JV with Indian metals-to
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Foxconn pulls from US$19.4 billion deal in India to make semiconductorsTAIPEI: Taiwanese electronics giant Foxconn withdrew from a US$19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to 'challenging gaps', it announced on Tuesday (Jul 11). The world's top iPhone assembler signed an agreement in September with Vedanta to set up a ch
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