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Power utilities owe Rs 8,279 crore to Coal India

An NTPC official said that it has not received any communication in this regard. NEW DELHI: Power generation utilities including country’s largest power producer NTPC and Damodar Valley Corporation (DVC) owed about Rs 8,279.19 crore to state-owned Coal India, as on November 30. “Power generation companies, like NTPC...
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China industrial profits fall for 6th straight month

BEIJING: Profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, data from the statistics bureau showed on Sunday. Industrial profits – which cover large enterprises with annual revenue of more than 20 million yuan from...
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Gold imports lose steam, fall 36.5% to $3.5 billion

India is the largest importer of gold in the world, the demand of which mostly comes from the jewellery industry. NEW DELHI: Gold imports shrank 36.5 per cent to $3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the...
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Coal India produces 9 percent more in FY 2015

Coal India Limited (CIL). NEW DELHI: State-run Coal India Limited (CIL) produced 9 percent more coal in the current fiscal than in 2014, the government said on Saturday. In a tweet, coal secretary Anil Swaroop said: “Coal production by Coal India crosses nine percent over last year’s record...
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India gets oil deals as Russia opens doors

NEW DELHI: India returned to Russia after six years for a bouquet of oil deals, potentially worth $2-3 billion, as Moscow actively seeks partners for meeting capital needs of new fields, amid low crude prices and western sanctions. On Thursday , Rosneft, the world’s largest publicly-traded oil company...
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Punjab govt seeks more funds from Reserve Bank

Reserve Bank of India. CHANDIGARH: Punjab government has asked the Reserve Bank to increase the credit limit so that payments could be made to farmers in view of the bumper paddy output, which led to a higher procurement by the state agencies. State Food and Civil Supplies Minister...
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Rel Jio’s 4G entry not a threat: Idea

Idea Cellular, the country’s third-biggest mobile operator with over 170 million subscribers, has joined the 4G bandwagon ahead of Mukesh Ambani’s Reliance Jio launch. Reliance Jio is expected to be launched commercially in March-April, while a soft launch for employees will take place on Sunday. While Bharti Airtel...
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Sold! Sales of Small Businesses Continue to Rise

The number of small businesses changing hands is on the rise, new research finds. Overall, 66 percent of business brokers experienced an increase in the number of small businesses bought and sold in 2015, compared to just 14 percent who saw a decrease in such activity levels, found...
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