Anil Agarwal's Daughter Priya Joins Vedanta Ltd As Director
New Delhi: Mining baron Anil Agarwal's daughter Priya Agarwal has joined Vedanta Ltd's board as an additional and non-executive director.
"The board of directors approved the appointment of Aman Mehta as an additional director and non-executive independent director and Priya Agarwal as additional and non-executive director on May 17, 2017," Vedanta Ltd said in a statement today.
NRI billionaire Anil Agarwal is the Chairman Emiritus of Vedanta Ltd and Chairman of Vedanta Resources.
Priya completed B Sc Psychology with Business Management from the University of Warwick in the UK.
The company said, "She has experience in public relations with Ogilvy & Mather and in human resources with Korn Ferry International, Vedanta Resources and HDFC Bank and in strategic planning with Rediffusion Y&R."
Mehta, who has also been appointed on the board, is an economics graduate from Delhi University.
"He has over 39 years' experience in various positions with the HSBC Group from where he retired in January 2004 as CEO Asia Pacific," the company said.
Mehta occupies himself primarily with corporate governance, with board and advisory roles in a range of companies and institutions in India as well as overseas.
Formerly, he has been a supervisory board member of ING Group NV and a director of Raffles Holdings, Singapore. He is also a member of the governing board of the Indian School of Business, Hyderabad, and a member of the International Advisory Board of Prudential of America.
The company said, "Mehta's and Agarwal's induction expands the diversity and strength of Vedanta's board. They will help in adding great expertise and knowledge."
last week, Vedanta Ltd reported a consolidated net profit of Rs 2,988 crore for the quarter ended March 2017 after incurring a net loss of Rs 21,104 crore (profit/lossÂ
for the period/year after share in profit/loss of jointly controlled entities and associates) during the corresponding quarter of 2015-16.
Last year's Q4 loss was mainly due to a non-cash impairment charge of Rs 12,304 crore, largely relating to Cairn India.
Vedanta has recently completed the buyout of Cairn India Ltd.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
