Explaining its breakup with Vedanta, Foxconn said Tuesday ‘there was recognition from both sides that the project was not moving fast enough’ and there were other ‘challenging gaps.’
The companies, partnered last year to set up semiconductor and display production plants in Gujarat, are believed to have disputes over incentive approval delays by Indian government.
Minister of State for Electronics and IT Rajeev Chandrasekhar tweets that it is not for govt 'to get into why or how two private companies choose to partner or not'.
Upholding 2010 Orissa HC order quashing land acquisition, SC said govt move left 6,000 families landless & rapped its disregard for environmental impact as land abuts wildlife sanctuary.
Bloomberg News reported that Anil Agarwal was studying options including selling a minority stake in Vedanta, as he looked to shrink his commodities business empire's massive debt load.
Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.
Unit is expected to generate around 2 lakh jobs & is likely to come up in Talegaon, Pune due to its industrial infrastructure and supply of skilled manpower, says Maharashtra govt.
The Sterlite copper smelter plant was given approval by the then AIADMK government on 26 April to produce medical oxygen at its Tuticorin facility for a period of four months.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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