The Mumbai Bench of the National Company Law Tribunal (NCLT) on Tuesday gave its approval to Vedanta Limited's demerger proposal, clearing the way for the group to reorganise its operations into five distinct, sector-specific entities.
Besides Karti Chidambaram, the Lok Sabha MP from Sivaganga, the CBI had named his alleged close associate and chartered accountant, S Bhaskararaman, Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta, and Mumbai-based Bell Tools, through which bribes were allegedly routed.
Mining major Vedanta's consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported a net exceptional gain of Rs 1,160 crore in Q2FY25.
The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta Ltd's proposed demerger to September 17, as market regulator Sebi is yet to complete the scrutiny of the proposal, while the central government has raised certain objections. The matter, which was part-heard earlier, had been adjourned to August 20.
"I have lost count, how many times has it been? Must be a record," Karti tweeted without specifying.
He arrived at the CBI headquarters early in the morning to face the investigation team. The questioning is likely to continue throughout the day with a lunch break, they said.
Ruling Shiromani Akali Dal and Congress won one seat each in the bypolls to Patiala (urban) and Talwandi Sabo Assembly seats on Monday but the Aam Aadmi Party finished a poor third.
Despite being sighted in several CCTV footage and photos with changed appearances at many places, including Patiala, Kurukshetra and Delhi, the radical preacher continued to hoodwink the police.
The CBI FIR, which contains a findings of the investigating officer who probed the PE, has alleged that Makharia approached Karti through his "close associate/front man" Bhaskararaman, the officials said.
Amritpal managed to evade arrest for more than a month, which was proving to be a major embarrassment for the Punjab police that had launched a crackdown against the radical preacher and his aides on March 18.
A special court had ordered him to join the CBI investigation within 16 hours of his arrival from the United Kingdom and Europe, where he had gone with the permission of the Supreme Court and the special court itself.
The bribery incident allegedly took place in 2011 when Karti Chidambaram's father P Chidambaram was the Union home minister.
It is a predominately Akali stronghold district.
Congress leader and former union minister Preneet Kaur on Monday won the Patiala assembly seat defeating her nearest Shiromani Akali Dal rival Bhagwan Dass Juneja.
Special CBI Judge Prashant Kumar passed the order noting that the investigation was at its initial stage, and the accused was required to be quizzed.
The federal agency has filed its case under the criminal sections of the Prevention of Money Laundering Act (PMLA) taking cognisance of a recent first information report (FIR) registered by the Central Bureau of Investigation (CBI) in the same case, they said.
Leaders have appealed to the participants to maintain peace and not to raise any kind of slogans.
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
Amid a police crackdown on Amritpal Singh and his outfit, the pro-Khalistan preacher appeared in a video on Wednesday, calling for a 'Sarbat Khalsa' congregation on Baisakhi to discuss issues related to the Sikh community and saying he is in high spirits.
Among these are Labh Singh Ugoke, who defeated former chief minister Charanjit Singh Channi in the Bhadaur assembly segment by a margin of 37,558 votes, and Gurmeet Singh Khuddian, who beat Shiromani Akali Dal patriarch Parkash Singh Badal in his traditional Lambi seat by 11,396 votes.
The CBI also informed that Karti Chidambaram will come back to India on May 24 and he has been directed to appear before them in 16 hours.
The minimum temperature in the capital dropped to 9.6 degrees Celsius, three notches below normal and the lowest this season so far. The maximum is likely to settle around 27 degrees Celsius, the India Meteorological Department said.
"We are here to oppose Modi's 'Mann Ki Baat'. We are registering this protest because the prime minister only says what he has to without listening to the voice of the people," Chaduni said during the protest.
In a year when the country produced record coal, rains hit movement of the fuel from mines to power generation units, impacting power generation in many states, including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu.
The final phase saw voting in all 13 seats of Punjab and an equal number of seats in Uttar Pradesh, nine in West Bengal, eight seats each in Bihar and Madhya Pradesh, four in Himachal Pradesh, three in Jharkhand and the lone seat Chandigarh.
'The Akali government is not responsible for the Punjab power crisis as Mr Sidhu is saying.'
Congress vice president Rahul Gandhi said the Congress would root out the weeds in the form of the Akali-Bharatiya Janata Party combine.
The assembly by-poll elections yielded good results for BJP allies.
The party will need organisation, preparation, funding and ideological clarity, says Aditi Phadnis
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