Articles for tag: Dispute, Million, Settles, Sterlite, Technologies

September 3, 2024

Sterlite Technologies Settles .7 Million Dispute for 7,400

Sterlite Technologies Settles $2.7 Million Dispute for $467,400

Broadband technology company Sterlite Technologies has reached a settlement with the Data Management Centre, agreeing to pay $467,400 (approximately Rs 4 crore) to resolve a dispute. The Data Management Centre had previously sought $2.7 million (around Rs 23 crore) in damages due to delays and unmet obligations in their agreement with Sterlite. According to a ...

August 31, 2024

Market News

Business

NMDC Faces ₹1,620 Crore Penalty Amidst Controversial Mining Dispute in Dantewada

Chhattisgarh’s Dantewada district has penalized the National Mineral Development Corporation (NMDC) with Rs 1,620.5 crore for alleged mining law violations. NMDC argues that the penalty is unjust and has been imposed without considering relevant facts. The authority claims NMDC transported iron ore without the necessary railway transit pass, violating multiple mining regulations. In a letter, ...