Mukesh Kumar Yadav says he’s struggling with medical bills after he lost two toes in an accident this month at a Maruti Suzuki India Ltd. plant. He’s a contract worker who earns a fraction of a permanent employee and isn’t entitled to on-the-job injury compensation.
On a recent visit to Bhubaneswar, the capital of the large eastern state of Odisha, I found the airport plastered with advertisements and slogans expressing the nurturing, socially conscious side -- caring for the poor, growth with inclusive values, creating happiness -- of the many steel and aluminum companies that have major operations in one of India's poorest but most mineral-rich and business-friendly states.
Billionaire Anil Agarwal’s plan to buy India’s stakes in units of his Vedanta Group may falter as the government insists on parliament’s approval for the deal, according to three people familiar with the decision.
India’s 10-year bonds rose the most in three weeks after central bank Governor Duvvuri Subbarao said there is evidence inflationary pressures are easing, signaling that the pace of rate increases will be tempered.