Skip to content
Search

Latest Stories

Submit Guest Post

Anil Agarwal on the board of his Indian entity

Pramod Thomas
By Pramod ThomasMar 30, 2020
Pramod Thomas

Pramod Thomas is an assistant editor at Eastern Eye, where he covers British Asian affairs and key developments in UK politics and business. With two decades of journalism experience, his areas of interest include business, international affairs, current events, arts and culture. 

See Full Bio
Follow:

FOR the first time, Anil Agarwal has taken a board position in his Indian entity Vedanta Ltd, replacing brother Navin.

The company said that Anil Agarwal has been appointed as "the non-executive chairman" of the Indian entity, which houses oil and gas, aluminium, power, iron ore, steel and copper business.

Anil had been heading London-based Vedanta Resources so far.

Navin will now be the executive Vice Chairman of the board.

The change happened following the resignation of the CEO S Venkatakrishnan. He was replaced by Sunil Duggal, current head of Vedanta unit Hindustan Zinc Ltd.

'The company will be run by a management committee comprising of CEO, CFO, CHRO and CCO who will take all key decisions collectively under the guidance of Chairman," the statement said.

Anil Agarwal's daughter Priya is also in the board as director.

anil agarwalvedanta resourcesvendanta ltd
Add EasternEye As Your Trusted Source
preferred source on google news

Related News

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Business

India appoints Sanjay Malhotra as new central bank governor

EasternEye

More For You

A Harvey Nichols store in London, England.

Harvey Nichols has been bought by Frasers Group after running out of room to fund the business

Tim P. Whitby/Getty Images for H

The man who built a retail empire on sportswear is now betting on Harvey Nichols’ luxury shoppers

  • Frasers Group has bought Harvey Nichols out of administration for an undisclosed sum.
  • Four UK stores could be rebranded as House of Fraser or Flannels.
  • The Knightsbridge and Edinburgh stores are expected to remain under the Harvey Nichols name.

Harvey Nichols has been rescued from administration by Mike Ashley's Frasers Group, but the deal could mark the beginning of a very different future for one of Britain's best-known luxury department stores.

Frasers bought the chain on August 13, the same day Harvey Nichols entered administration, after its accounts warned that the business could run out of money within a year without new funding. The purchase covers its UK stores in London, Edinburgh, Birmingham, Leeds, Manchester and Bristol, while discussions over the Dublin operation remain ongoing.

Keep ReadingShow less