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.
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.
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.
Aluminum prices may rise to as much as a six-month high by the end of the quarter as processing companies replenish inventory to meet a rebound in demand, said Vedanta Resources Plc, India’s biggest producer.