But earnings of main private holding firm get a booster dose from RIL dividend
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
It is up to the government to take a decision on this before it starts auctioning.
The Supreme Court order has created a new legal framework for coal mining by ruling that only the Union government and its entities can do it.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Engineering conglomerate fended off three corporate raids but emerged stronger.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
The move is part of a larger initiative by the government to speed up work in the highway sector.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
The former coal secretary opens up in a free-wheeling interview.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Hindalco has done very well with Rs 900 crore (Rs 9 billion) of ebidta in June quarter.
Some 74 projects from Odisha and another 51 projects from Chhattisgarh have lined up before the Project Monitoring Group.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Sale at acquisition price may have been prompted by slow coal traffic and fall in prices.
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