Trade unions on Tuesday began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.
Eight investment banks including HSBC and India's ICICI Securities and SBI Capital have submitted bids to manage a 10-per cent stake divestment in state-owned Coal India.
.jpg)
The newly appointed CMD at Coal India has a tough road ahead.
India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters.
India is expected to cut imports by a fifth in the fiscal year.
Over 75 per cent of India's daily coal output has been hit as the five-day strike by workers of state-run miners entered the second day on Wednesday, raising fears of disruption in power supplies.
India Inc has few leaders who are likely to grab headlines in 2015.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances