India will halt a $20 billion plan by Tata group and Jindal Steel & Power Ltd. to turn coal into crude oil after scrapping rights to two mining blocks allotted to the companies, two people familiar with the matter said.
Hindalco Industries Ltd. headed for its biggest decline in nearly three months in Mumbai as the nation’s top investigating agency registered a case related to allocation of coal blocks against the company and its billionaire owner Kumar Mangalam Birla.
India’s Supreme Court rebuked federal investigators for allowing the government to vet the findings of a probe into alleged corruption in the award of coal blocks, setting off parliament protests and demands for the resignation of Prime Minister Manmohan Singh.
Ram Kishen, 52, half-blind and half- starved, holds in his gnarled hands the reason for his hunger: a tattered card entitling him to subsidized rations that now serves as a symbol of India’s biggest food heist.
India’s Central Bureau of Investigation arrested a Maoist leader accused of derailing the Mumbai-bound Jnaneshwari Express that left 148 people dead in West Bengal on May 28, the Hindustan Times said, citing Manoj Verma, superintendent of police of West Midnapore district in West Bengal.
Indian Railway Minister Pawan Kumar Bansal denied wrongdoing after the Central Bureau of Investigation arrested six people for corruption, including rail officials and a relative of the minister, the Press Trust of India reported.