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The Print
11 minutes ago
- The Print
Former chief justice of India Chandrachud says Viceroy report on Vedanta Group lacks credibility
According to the filing, the former CJI has opined that 'Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact'. Justice Chandrachud's remark came after Vedanta sought an independent legal opinion from the former chief justice in relation to the allegations made in the Viceroy Research report, the company said in a regulatory filing on Friday. New Delhi, Jul 19 (PTI) US short seller Viceroy Research's report on the Vedanta Group 'lacks credibility' and the firm would be well-placed to seek legal remedies, former chief justice of India D Y Chandrachud has said. The Viceroy Research's report on the company contains serious allegations, causing harm to the Vedanta Group's business and reputation, Justice Chandrachud said. 'The report contains serious imputations such as 'ponzi scheme' and 'parasite', which have caused harm to querist's (Vedanta's) business and reputation,' he said, adding, 'in these circumstances, the querist would be well-placed to seek legal remedies.' The US short seller in its July 9 report had called billionaire Anil Agarwal-led British firm Vedanta Resources a 'parasite' that is 'systematically draining' its Indian unit, an allegation which the group called as 'selective misinformation and baseless' aimed at discrediting the firm. Viceroy Research took a short position against the debt of Vedanta Resources, the UK-based parent of Indian miner Vedanta Ltd, alleging that the group 'is a house of cards built on a foundation of unsustainable debt, looted assets, and accounting fiction'. Vedanta had responded, saying the report was 'a malicious combination of selective misinformation and baseless allegations' and that its authors issued it without contacting the group. PTI SID HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
23 minutes ago
- Time of India
No Rs 1,000 crore monster, still Rs 5,723 crore earned: 17 movies cross Rs 100 crore mark at 2025 Indian box office
The Indian box office recorded strong growth in the first half of 2025, collecting Rs 5,723 crore between January and June. While the year has not seen a single film cross the Rs 1,000 crore mark, a large number of mid- to high-range performers have powered the overall earnings. According to Ormax Media's mid-year report, cited by PTI, 17 films crossed the Rs 100 crore milestone, indicating a broad-based recovery and consistent audience turnout across languages and genres. 'Chhaava' Leads the Pack Vicky Kaushal's historical action film Chhaava was the biggest hit of the year so far, earning Rs 693 crore at the domestic box office. It remains the only title to have crossed the Rs 250 crore mark during this period. Close behind was Telugu-language film Sankranthiki Vasthunam, starring Daggubati Venkatesh, which also posted strong nationwide earnings and ranked second overall. Explore courses from Top Institutes in Select a Course Category PGDM Operations Management Digital Marketing Data Science Data Analytics MBA Leadership healthcare Project Management Management Finance CXO Cybersecurity Degree Design Thinking Others others Public Policy Artificial Intelligence Data Science Healthcare Product Management Technology MCA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Rs 100 Crore Earners The first six months of 2025 saw 17 films enter the Rs 100 crore club — a significant jump from just 10 films achieving that in the same period in 2024. This list includes Raid 2 (Rs 198 crore), Good Bad Ugly (Rs 182 crore), Game Changer (Rs 153 crore), Thudarum (Rs 144 crore), Sky Force (Rs 131 crore), L2E Empuraan (Rs 127 crore), and Dragon (Rs 124 crore), among others. June alone contributed more than Rs 900 crore, with Sitaare Zameen Par and Housefull 5 emerging as the top earners for the month, each collecting nearly Rs 200 crore. Other notable contributors included Tamil-Telugu bilingual Kuberaa and Hollywood's F1: The Movie, starring Brad Pitt. Hindi films continued to dominate with a 39–40% share of total revenue, followed by Telugu (19–20%) and Tamil (15–17%). Malayalam films captured 10% of the market — equal to Hollywood, which has returned to a double-digit share for the first time since 2022, according to Ormax. Big Releases Awaited in Second Half Ormax Media's report projects that the Indian theatrical market could close 2025 with record earnings of Rs 13,500 crore, provided upcoming releases perform well. Major titles scheduled for release include Kantara: Chapter 1, War 2 featuring Hrithik Roshan and Jr NTR, Rajinikanth's Coolie, Akhanda 2, Thama starring Ayushmann Khurrana, and OG with Pawan Kalyan. While no single title has emerged as a massive box office phenomenon, the industry's solid mid-range performers have ensured continued growth. The first half of 2025 reflects a resilient and expanding theatrical landscape.
Indian Express
37 minutes ago
- Indian Express
China begins construction of world's biggest dam over Brahmaputra in Tibet
China on Saturday formally started the construction of the USD 167.8 billion dam over the Brahmaputra river in Tibet, closer to the Indian border in Arunachal Pradesh. Chinese Premier Li Qiang announced the start of the construction of the dam at a ground-breaking ceremony in the lower reaches of the Brahmaputra river, locally known as Yarlung Zangbo, at Nyingchi City, official media reported. The ceremony took place at the dam site of Nyingchi's Mainling hydropower station in Tibet Autonomous Region, state-run Xinhua news agency reported. The hydropower project, regarded as the biggest infrastructure project in the world, raised concerns in the lower riparian countries, India and Bangladesh. The project will consist of five cascade hydropower stations, with a total investment estimated at around 1.2 trillion Yuan (about USD 167.8 billion), the report said. According to a 2023 report, the hydropower station is expected to generate more than 300 billion kWh of electricity each year – enough to meet the annual needs of over 300 million people. It will primarily deliver electricity for external consumption while also addressing local demand in Tibet, which China officially refers to as Xizang. Representatives from various organisations, including the National Development and Reform Commission and the Power Construction Corporation of China and locals attended the ceremony, the report said.
