Skip to content
Search

Latest Stories

Vedanta denied in bid to reopen copper smelter

INDIA TRIBUNAL RULES OUT TAMIL NADU REQUEST AFTER CONTROVERSY

INDIA’S environmental court did not allow Vedanta Ltd to reopen its copper smelter in the southern Indian state of Tamil Nadu, a lawyer representing the state said last Thursday (5) after a hearing on the matter.


India’s National Green Tribunal did not accept Vedanta’s request to reopen the smelter on an interim basis, V Mowli, a law­yer for the Tamil Nadu Pollution Control Board (TNPCB) said outside the court.

Vedanta has also sought a permanent in­junction against the Tamil Nadu state gov­ernment from interfering with the opera­tions of its copper smelter.

The lawyer representing Vedanta in the hearing, Rohini Musa, did not respond to calls requesting comment. A company spokesman for Vedanta confirmed there was a case before the tribunal but did not com­ment specifically on last week’s decision.

The Tamil Nadu government ordered the permanent closure of the plant and discon­nected its power supply in May following protests that turned violent and culminated in the police opening fire on protesters, kill­ing 13 of them.

The protesters had demanded a perma­nent shutdown of the plant, which they said was causing air and water pollution, and as a risk to fisheries. Vedanta says the protests were based on false notions.

Vedanta Ltd, a subsidiary of billionaire Anil Agarwal-controlled Vedanta Resourc­es, argued that the closure of the smelter was only based on “political considerations and to appease the public protests,” ac­cording to a copy of the petition reviewed by Reuters.

However, the Tamil Nadu government will stick to its stance that the plant is pol­luting, said Rakesh Sharma, a second law­yer representing the TNPCB.

“We’ll argue on their violation on envi­ronmental aspects,” he said. The case will be heard next on July 18 for the state to reply to the issues raised in Vedanta’s petition.

Vedanta said in its petition that inspections by the TNPCB whose findings were used to shut down the plant never happened.

“No such inspection (was) carried out by the officials of the TNPCB” on May 18 or 19, the company said.

Vedanta, which exports copper worth over $1.3 billion annually, is also one of In­dia’s largest producers of sulphuric acid and phosphoric acid, both of which are used to make fertilizers.

The shutdown of the smelter, which em­ploys more than 3,500 people, has led to a rise in the price of copper in India by over 10 per cent, and the price of sulphuric acid by more than six times, the firm said. (Reuters)

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less