Troubles of tycoon Anil Agarwal’s Vedanta mount as Foxconn ditches JV

Taiwan’s Foxconn has decided to withdraw from a $19.5 billion semiconductor joint venture with Vedanta, the latest business challenge for the Indian conglomerate led by Chairman Anil Agarwal.

Here are some details on Vedanta and its recent challenges:

How Vedanta started

Anil Agarwal started his business in Mumbai as a scrap-metal dealer and bought his first company, a cable manufacturer, in 1976. He then expanded his empire across India, Zambia, Namibia, Ireland and South Africa and later entered the oil and gas sector.