The Tamil Nadu government's move to close down the controversial unit came after a month-long deadly protest against the company which allegedly failed to curb pollutions stemming from copper smelters.

As Vedanta's copper smelter serves over 800 small and medium enterprises, over 32,500 direct and indirect jobs could be affected. The closure of the Sterlite Copper plant would not only hurt one third of domestic supply but would also lead to a temporary spurt in domestic prices, costing India around $2.8 billion in forex annually.

Claiming that the company strictly follows what the court and the government orders are, he said,\"We always make sure the community and Tuticorin people at large prosper with us.\"

Death toll mounts in anti-Sterlite protestsThe anti-Sterlite agitation which took a violent turn on Tuesday, with 11 persons being killed in police firing on protesters marching to the Collectorate, has claimed another life. The death toll from the two firing incidents has gone up to 12. The State government has replaced Thoothukudi Collector N. Venkatesh and Superintendent of Police P. Mahendran. Internet services in Thoothukudi, Kanniyakumari and Tirunelveli districts have bee...

Sterlite Copper in Tuticorin is facing intense protests from the residents and environmentalists over its decision to double the capacity of its smelter from 400,000 to 800,000 tonnes per year.

Govt has right to sell or not to sell Air India if bid price is inadequate: Aviation secretaryCivil Aviation Secretary RN Choubey on Tuesday said the government could decide against selling state-run Air India if it does not get \"adequate\" price for it. While the deadline for submission of Expression of Interest (EoI) ends on May 31, the Secretary said the Request for Proposal could be issued after June 15. He said the highest bidder for the airline would be known by the end of ...

Sterlite Copper CEO talks about what happened on Tuesday and the impact of these developments on the company's plans for the plant.

Corporate czars are looking to acquire stressed assets of India's dozen big defaulters. A look at what that means for industry and banks.

Broadcaster Multi Screen Media has roped in 11 sponsors and 80 per cent of its ad inventory has been sold.

The BSE benchmark Sensex failed to hold on to mid-week gains and ended the week lower by 75 points at 19,242.00 due to tail-end selling from operators triggered by worries over the US budget issue.

Based in London, Anil Agarwal is somewhat removed from the grainy details of what is going wrong in India. Experts are wondering if the Vedanta chief too fast in his quest to become the world's lowest-cost minerals mogul.

The benchmark resumed lower at 17,598.42 and hovered in a range of 17,691.96 and 17,008.77 before settling the week at 17,503.24 - a net loss of 133.75 points or 0.76 per cent.

Despite opening firm, the Bombay Stock Exchange's 30-share index, Sensex, witnessed an extremely volatile session and finally managed to settle with a gain of 65.50 points.

Though metal stocks have been resurgent, their inherent volatility makes them a risky investment currently.

The revival of the world economy and industrial demand have boosted commodity prices. This trend will continue in the coming years, say experts.

Company owners occasionally use loopholes in the law to serve their own interests, leaving small investors in the lurch. Here's how to identify them.Inside Ramalinga Raju's mind The dark underbelly of Indian IT Regulating the regulators

Weighing the prospects of a US recession with continuing growth in developing countries, Dipen Sheth suggests investing in stocks with sustainable profits.

This selection of research reports gives information and opinions on companies and industries. Such reports are often filled with jargon, which we must reluctantly inflict on readers since excerpts are verbatim. Six such terms occur in these extracts: EBITDA = Earnings Before Interest,Tax, Depreciation,Amortisation, EV = Enterprise Value, EPS = Earnings Per Share, PE = Price-Earnings, PAT = Profit After Tax and YoY= Year-on-Year.

Tuticorin turmoil and other big industrial riots that hit India