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NEW DELHI: India’s first auction of coal blocks will bring out sharp differences between calculations of the government and the national auditor, whose draft report estimated that companies which were allotted blocks free of cost received a benefit of 10.67 lakh crore. The coal and power ministries are trying...
KOLKATA: Coal India, the world’s biggest coal producer, says it has firmed up a 5,000 crore kitty for investment in corporate bonds. The state-run company said the move follows good returns from its foray in the mutual funds market last year. “We started investing in mutual funds last year,...
NEW DELHI: Coal India may import 10 million tonnes of coal this fiscal to meet the obligation of supplying a minimum assured quantity of fuel to power companies under the Presidential directive, its CMD-designate S Narsing Rao said on Sunday. “If required, Coal India (CIL) may import 10 million...
KOLKATA/ANGUL: To meet the burgeoning coal demand of the country, Mahanadi Coalfield Limited (MCL), comprising of coalfields of Orissa, has been given a target to produce 112 million tonne of coal in the current fiscal as against 103.12 MT output achieved last year. In contrast, the number one subsidiary...
KOLKATA: Coal India will finalise the Fuel Supply Agreements (FSAs) with power producers after a board meeting next week. “We are trying to have a board meeting some time next week following which we will finalise the FSAs,” a board member told PTI here. “The date of the board...
NEW DELHI: Coal India is expected to enter into fuel supply agreements (FSAs) with as many as 50 firms, including NTPC , Reliance Power and DVC, for a total capacity of 28,000 MW, sources said. The proposed move follows issuance of a Presidential directive to Coal India (CIL) for...
BHUBANESWAR: Vedanta Aluminium Ltd (VAL), a unit of Anil Agarwal-led Vedanta Resources Plc, has sought the intervention of the Orissa government for securing long-term coal linkage for its captive power plant (CPP) at Jharsuguda. The aluminium major required the coal linkage for its unit-6 and unit-9 of 135 Mw...
MUMBAI: The Mexico-headquartered Cinepolis, the world’s fifth largest multiplex operator with over 2,500 screens, is in talks with the Anil Ambani-promoted BIG Cinemas for a strategic alliance. The alliance may entail buying a stake in some of BIG Cinemas’ screens. BIG Cinemas is the exhibition arm of Reliance MediaWorks (RMW),...
MUMBAI: (Reuters) – India’s indexes provisionally posted their biggest daily fall in two weeks on Monday as banks were hit by fears about slowing deposit growth, while capital good stocks like Larsen & Toubro fell on fears industrial output data due this week would weaken. Traders, returning after domestic markets...
MUMBAI: The insurance regulator has rejected Life Insurance Corporation’s demand to raise the ceiling on equity holding in a company but turned a blind eye in some cases where it has breached the limit, said two people familiar with the decision. The Insurance Regulatory & Development Authority (Irda) last...
NEW DELHI: Having jolted the government over the critical operational gaps in its military capabilities, the Army is now pushing hard for fast-track policies and acquisitions to ‘enhance its combat ratio versus China’ as well as ‘upgrade its combat edge’ against Pakistan. The defence ministry, too, is responding with...
The Renault Sherpa offered to India is designed with a flexible platform in mind so as to incorporate a number of different types military vehicles ranging from fully armoured convoy trucks to military transport trucks. Sherpa Light :: The Sherpa Light family of vehicles from Renault are light armoured...
The Indian Air Force has now decided to deploy its additional six C-130J Super Hercules transport aircraft at Panagarh in West Bengal, the likely location of a proposed Army Mountain Corps headquarter and not in Odisha. The IAF was earlier planning to deploy the six aircraft in Charbatia in...
IMPHAL: Union MoS for defence Palam Raju will inspect the progress of the development work of the deplorable NH-37, connecting Imphal and Jiribam sub-division bordering Assam on Wednesday. Previously known as NH-53, the highway is currently being maintained by the Border Roads Organization (BRO), which is partly under the...
The Indian Navy is all set to commission it’s first Unmanned Aerial Vehicle (UAV) squadron on the East Coast at Uchipuli. The UAV squadron in the east coast is a significant step towards strengthening maritime surveillance and reconnaissance in Palk Strait, Gulf of Mannar and Palk Bay off the...
NEW DELHI: Days after a leading daily ‘The Indian Express’ claimed that Army had moved its two units towards Delhi on January 16 without notifying the government, Defence Secretary Shashi Kant Sharma will on Monday depose before the Parliamentary Standing Committee on Defence to clarify over the issue. According...
NEW DELHI: The CBI is looking into the payments made by defence PSU BEML to Tatra Sipox UK for the supply of all terrain trucks and plans to sent judicial request to the United Kingdom seeking details of its financial transactions and ownerships. The agency suspects that payments from...
The inhospitable Siachen region, which has gained the title of the “world’s highest battlefield” though more people were killed due to the atrocious weather than by enemy fire. After independence who controlled Siachen -India or Pakistan? For a long time, nobody controlled Siachen and the glacier remained no man’s...