CURRENT AFFAIRS

Detailed explanation-1: -Vedanta founder Anil Agarwal honoured with Global Indian Award in Canada.

Detailed explanation-2: -UPSC Mains Notes: Vedanta founder Anil Agarwal was honoured with the Global Indian Award worth USD 50,000 by the Canada-India Foundation. Agarwal donated the award money to a Canadian health charity working for the welfare of native Indians.

Detailed explanation-3: -About. Mr. Anil Agarwal is the Founder and Chairman of Vedanta Resources Limited, a globally diversified natural resources company which extracts and processes minerals and Oil & Gas.

Detailed explanation-4: -He ventured into mining a few years later and acquired 51 per cent stake in Bharat Aluminium Company (BALCO) and a majority share (nearly 65 per cent) in state-run HZL (Hindustan Zinc Limited). In 2003, Agarwal incorporated Vedanta Resources in London to access international capital.

Detailed explanation-5: -Founder and Chairman of Vedanta Resources Ltd, Anil Agarwal, revealed the behind-the-scenes tale of the acquisition of Duratube, and the learnings that came along with the setback of selling it off. He said that in business, failure is one of the finest things that can happen to you.