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India's Top Court Revokes Order To Reopen Vedanta Smelter

INDIA'S top court, Supreme Court today (18) has set aside an order by an environmental court which had cleared the way for reopening Vedanta's south Indian copper smelter, in a blow to the company's plans to begin operations.

The government of Tamil Nadu state ordered the smelter shut permanently in May after violent protests at the plant in the city of Thoothukudi in which 13 people were killed.


In December, India's National Green Tribunal (NGT) revoked the state decision to shut the plant, prompting the state government to appeal in the Supreme Court.

(Reuters)

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UK house prices

The data suggests the UK housing market may be regaining some momentum after a quieter winter period.

AFP via Getty Images

UK house prices climb 3 per cent as market shrugs off weak sentiment

  • UK house prices rise 3 per cent annually in April
  • Average property value reaches £278,880
  • Market recovery continues despite falling buyer confidence

UK house prices saw an unexpected lift in April, suggesting the housing market may be holding up better than many had anticipated. According to the latest data from Nationwide Building Society, annual house price growth rose to 3 per cent, up from 2.2 per cent in March. On a monthly basis, prices increased by 0.4 per cent, taking the average UK house price to £278,880.

This comes at a time when concerns around the Iran conflict and interest rate uncertainty were expected to weigh on buyer sentiment. There had been a growing view that potential homeowners would delay purchases, waiting for more favourable mortgage conditions.

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