-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...
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Tata, Vedanta mining lease ends in March; Govt for fresh auctions
-IANS The move to not extend non-captive mining lease will impact 334 mines belonging to cos like Tata & Vedanta. NEW DELHI: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50-year period in March, 2020. The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited, Essel Mining, V.M....
More »Sensex slips 769.88 points after heavy selloff in banking, energy and auto stocks
-The Telegraph/ PTI Among top losers were ICICI Bank, Vedanta, HDFC, Tata Motors, Tata Steel, ONGC, IndusInd Bank, NTPC, M&M and L&T The sensex nosedived 769.88 points to end at 36,562.91 and the Nifty tanked 225.35 points to 10,797.90 today after heavy selloff in banking, energy and auto stocks as a slew of macroeconomic data releases suggested a worsening economic slowdown. Top losers in the sensex pack included ICICI Bank, Vedanta, HDFC, Tata...
More »Sterlite allowed to reopen Thoothukudi plant
-The Hindu Business Line The Supreme Court on Tuesday paved the way for Vedanta to reopen the Sterlite copper smelter plant in Thoothukudi, Tamil Nadu, refusing to stay the December 15 order of the National Green Tribunal (NGT). A Bench headed by Justice RF Nariman today heard two cases on the issue. The first was on the stay given by the Madurai Bench of the Madras High Court on the NGT order...
More »Moved by the spectacle -Sreejith Sugunan
-The Indian Express Closure of Sterlite plant says something about our collective morality: Death, violence move governments more than reason and evidence It took a brazen exercise of what sociologists since Max Weber refer to as the state’s “monopoly of violence” by Tamil Nadu authorities to bring our attention to a problem that had been affecting the local residents of Tuticorin for over two decades. Since this tragic incident, it took hardly...
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