The apex court asked Tamil Nadu to form a panel, including the district collector and the Thoothukudi superintendent of police, to monitor activities at Vedanta's oxygen plant.
The billionaire's personal holding company, Vedanta Resources, has amassed about $7 billion of debt and faces a far less receptive bond market than it did in early 2020.
Vedanta's Tuticorin plant stopped operations for maintenance in March 2018 & later extended shutdown due to mounting opposition from villagers against it.
These companies took part in the first pre-application conference for running private trains Tuesday. The Modi government has moved to privatise 151 trains.
India intends to suspend new bankruptcy filings for a year while it cushions companies from fallout of Covid & lockdown further imperils sale of Air India.
Anil Agarwal & his family own 50.1% of Vedanta, whose shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion.
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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