Armed with the recently issued environmental clearance for its port terminal, JSW Group is set to expand its coal operations in the state despite years of opposition from locals.
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From the Byju’s flameout to the fresh Adani tempest, The Morning Context helped cut through the clutter around the big developments in Indian business.
Chairman N. Chandrasekaran may have ensured a 500 million pound grant for the Port Talbot facility’s transition, but given the risks and money involved, the exercise will test the Indian parent’s patience with the loss-making business.
In throwing out the appeal of an alleged Adani group proxy, the Swiss court has called into question the all-clear given to the conglomerate by the Indian authorities on allegations of rigging share prices and flouting securities law.