Survival International, a London-based NGO, has appealed to the director of the Hollywood blockbuster Avatar, James Cameron, to lend his support in fighting against London-listed mining and metals major Vedanta Resources from setting up its aluminium plant in Orissa.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
Sensex seems to be under pressure on weak cues.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
The top losers from the Sensex pack are ONGC, Coal India, Vedanta, Reliance Inds and L&T.
Index heavyweights were the top losers along with bank shares.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
