(Bloomberg) -- Vedanta Ltd. has picked the chief financial officer of edtech titan Byju’s to replace the current finance head, as Anil Agarwal’s mining...
-- Vedanta Ltd. has picked the chief financial officer of edtech titan Byju’s to replace the current finance head, as Anil Agarwal’s mining conglomerate undergoes an ambitious restructuring.Ajay Goel will be returning to Vedanta, which he had quit six months ago, effective Oct. 30, the company said in an exchange filing on Tuesday. He will help with splitting the metals firm into six listed companies as part of a restructuring process.Parent Vedanta Resources Ltd.
At the same time, Goel’s resignation will be a setback for Byju’s, which is yet to file the much delayed audited financial results for the year to March 31, 2022. Shareholders are growing impatient with the slow progress in finalizing accounts at the edtech startup once deemed India’s most valuable. -- Russian aluminum giant United Co. Rusal International PJSC agreed to buy a 30% stake in a Chinese alumina plant, in a bid to plug a gap in supplies of the vital ingredient amid disruptions triggered by Russia’s invasion of Ukraine.
New listings were up last months, but high mortgage rates, home prices, and insurance premiums are giving buyers cold feet.Three Canadian energy stocks are flashing buy signals because of new business developments, not only rising oil prices. The post Investing in Canadian Energy Stocks: Is Now the Right Time? appeared first on The Motley Fool Canada.2 Top Mining Stocks to Buy on the TSX Today
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Vedanta CFO Is Said to Seek to Quit Months After Joining FirmVedanta Ltd. may lose its third chief financial officer in as many years just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious restructuring of its businesses, according to people familiar with the matter.
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Byju’s CFO Quits and Rejoins Vedanta to Oversee RestructuringVedanta Ltd. has picked the chief financial officer of edtech titan Byju’s to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring at Anil Agarwal’s mining conglomerate, according to people familiar with the matter.
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