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.
The graduation is meant to bolster the legacy and legitimacy of Sheikh Hasina's Awami League, even as the real-world preparedness lagged behind the glossy narrative.
Indonesia delegation led by Defence Minister Sjafrie Sjamsoeddin visited BrahMos facility & met with top officials & undertook a detailed briefing on the missile system.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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