It is the low cost of iron ore extracted from their adivasi homeland mines that enables steelmakers like Tata Steel and Essar, and miners like NMDC, not only to be among the most profitable companies in India, but also gives it the financial muscle to make huge overseas acquisitions. Ultimately, it is the poor adivasi who pays for it with his home and hearth and gets no credit for it! Either from the State, which connives in their exploitation, or the industry that lords over their resources, says Mohan Guruswamy.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
With Lok Sabha polls not too far away, Congress President Sonia Gandhi signalled that the ambitious Food Security and Land Acquisition Acts brought in by the Centre would give a new deal to the people, especially the farmers and the poor.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
The department of revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on the import of wire road of alloy or non-alloy steel from China.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
The Central Bureau of Investigation has found no criminality in the allocation of about 60 coal blocks, which are likely to be taken out of the purview of its ongoing probe after taking the Supreme Court's permission.
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
Jindal Steel and Balco emerged as the top bidders.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
District authorities on Wednesday reported nine more death cases in the wake of the devastation caused by cyclone Hudhud even as the worst-hit Visakhapatnam city was limping back to normalcy with adequate supplies of essential commodities.
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
Rejecting the plea, the court said the application was "vexatious" and it was apparently moved to delay the trial.
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances