The PPP model for CIL was first mooted by the Planning Commission.
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It is a non-deal roadshow that begins amid threat of workers strike against divestment move
Coal workers across the country have resumed work after a two-day strike and promised to make up for an estimated 1 million tonne production loss, as the government assured that state-run behemoth Coal India will not be privatised and employees' interests would be paramount.
TCS ruled the domestic market cap chart in ranking, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, Sun Pharma, HUL and ONGC
The increase in production will be from the existing mines.
Buy these stocks on any correction as both the companies have strong long-term prospects
"We expect the government to exempt our employees from paying tax on housing perquisites. On an average, every year our non-executive workers pay about Rs 144 crore to the government on account of such tax. Exemption will motivate our employees, working and living in difficult conditions," said Coal India Ltd Chairman P S Bhattacharyya.
Can relax penalty payable in case of a shortfall on 80% committed quantity
A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.
M Veerappa Moily's takeover of the environment & forests ministry last month, it appears, is turning out to be a blessing for Coal India Ltd (CIL), the world's largest coal producer.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
This is because the government's move might dim the possibility of taking over the 42 blocks permanently.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.
Only CIL, SBI and HDFC Bank made gains
Finance Minister Arun Jaitley has said the larger interest of the public sector would be fully protected.
Except RIL and CIL, the remaining eight companies among the top 10 witnessed slump in their m-cap
The country's largest coal producer Coal India on Thursday said it will facilitate opening of demat accounts for its 4 lakh employees to ensure their participation in the upcoming public issue which is likely to fetch around Rs 12,000 crore (Rs 120 billion) to the government.
The Ministry of Finance may seek the Union Cabinet's approval for the proposed 10 per cent stake sale in state-owned Coal India Ltd by the end of this month, a senior Coal Ministry official said
Even as Union ministers allay misgivings over Agnipath, figures show a meagre 2.4 per cent of the ex-servicemen who applied for a government job could get one as the Centre and the states have been unable to recruit against the reserved quotas. Public sector undertakings (PSUs), ministries, and officials of Sainik Boards have blamed it on the lack of skill among ex-servicemen. They say veterans' inability to qualify in selection exams is one of reasons for this. Also, non-recognition of qualifications obtained from the military are reasons why their recruitment has remained significantly low, pushing them towards low-skill jobs.
TCS, HDFC Bank, Infosys and ONGC saw a squeeze in their market capitalisation in holiday-shortened last week
ONGC, RIL, ITC, CIL, HDFC Bank, SBI and ICICI Bank saw erosion in their m-cap
TCS emerges as biggest gainer with its m-cap advancing Rs 18,610.7 cr to Rs 4,97,168.53 cr
The court issued notice to the ministry and directed it to file its response in two days.
The market valuation of HDFC advanced by Rs 11,309.5 crore to Rs 2,27,624.66 crore, becoming the top gainer in the chart
Last week, the Indian markets were all about coal. However, amidst the hype over the debut of Coal India Ltd (CIL) on domestic bourses, what was mostly overlooked was the brand new logo of the world's largest coal miner.
Some overseas investors refuse to be part of roadshows, citing environment risks
India's largest ever public offer to raise up to Rs 15,000 crore (Rs 150 billion) will hit the market by the third week of October.
Only TCS, Sun Pharma and HDFC notched up gains in their m-cap
Over the past week, the BSE benchmark index Sensex gained 474.79 points to end at 25,519.22
The market valuation of ITC slumped Rs 18,863 cr to Rs 2,68,725 cr, taking the steepest hit among the top 10 firms.
Coal India Ltd, the world's largest coal producer, may buy up to a 15 per cent stake in US-based Peabody Energy Corp's Australian assets early next fiscal for an estimated USD 100 million (about Rs 450 crore).
The m-cap of HDFC tumbled Rs 8,144 crore to Rs 1,75,607.13 crore, Sun Pharma plummeted Rs 7,328.31 crore to Rs 1,96,420.26 crore
In the ranking of top 10 firms, TCS retained its numero- uno position
NTPC raises new demands, while CIL is not willing to yield
This follows finance minister's directive that PSUs should not fall short of the announced intention to invest.
HDFC and ITC walk away with largest share of gains
State-run coal behemoth has left behind the IT bellwether Infosys, power utility NTPC Ltd, the country's largest private lender ICICI Bank, FMCG major ITC and engineering giant L&T to enter into the club of top 10 most valued firms.
This year, Coal India plans to gauge the domestic market through a tie-up with MMTC and State Trading Corporation.
CIL is charged of discriminating in favour of public sector firms in the reworked format of fuel supply agreements.
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