Vedanta gets court nod for merger of units

Vedanta Resources Plc moved a step closer to merging two of its Indian subsidiaries after the Madras High Court approved the company's plan to simplify its group structure. The mining conglomerate had said early last year that it planned to overhaul its web of subsidiaries, creating an umbrella unit that will group most of its assets. Under the consolidation plan, the company's copper unit Sterlite Industries will be merged i...