Companies like Vedanta are brazenly taking over governance in some parts of India
How the Orissa government bent over backwards to help billionaire Anil Agarwal
Fancy taking over a company? Vedanta’s bid for Cairn India and BHP Billiton’s bid for PotashCorp offer differing lessons on how to. And how not to
Agarwal was 22 when he started a business collecting scrap from cable companies and selling it in Bombay.
Now that the Government has finally struck down the Vedanta mining project in Orissa, senior Maoist leader Kobad Ghandy, presently under arrest inside Delhi’s Tihar jail, writes about how mining giants are making obscene amounts of money at the cost of the poor while even the State fails to make any gains.
Cairn India’s acquisition shows that it is keen on the energy business.