Pavement encroachment by local eateries in Kolkata has led to design modifications for the penultimate station of the Orange Line Metro at Chinar Park. What Happened: At least four restaurants have extended their outdoor facilities onto the pavement, hindering the Rail Vikas Nigam Ltd (RVNL) from securing an alternate space for traffic movement, as reported by the Times of India.
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The Forest Advisory Committee (FAC) of the Ministry of Environment, Forest, and Climate Change has granted in-principle approval to Vedanta’s Cairn Oil and Gas proposal for drilling in a sensitive ecological area of Assam. The project, which seeks to explore oil and gas on 4.49 hectares in the Hollongapar Gibbon Sanctuary, is set in the heart of the sanctuary’s eco-sensitive zone.
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LG Electronics Inc. has selected banks, including Bank of America and JPMorgan, to arrange a potential $1.5 billion IPO of its Indian business, which could value the unit at $13 billion and list as early as next year. LG aims to raise $1-1.5 billion from the share sale, which is part of its plan to reach $75 billion in electronics revenue by 2030.
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