The government, which on Thursday decided to sell ten per cent stake in NALCO, now contemplates offloading ten per cent stake in the Coal India Limited through initial public offerring.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
On skeletons being seen by the Navy team, the sources said the water inside the mines has high Sulphur content which can decompose the bodies very fast.
Officers of Central Public Sector Units will go an indefinite nationwide strike from December 22, demanding higher salaries and autonomy for the public sector.
The miners were working on night shift when the mine caved in at around 5.30 am.
The placement season has brought in positive cheer for students at the IIT Kharagpur this year.
FMCG major ITC on Tuesday surpassed state-run energy giant ONGC to become the county's second most valued firm in terms of market valuation, with TCS at the top of chart.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Union Cabinet on Wednesday decided that 10 per cent of the government's stake in Coal India Ltd would be sold. Similarly, the sale of five per cent of its stake in ONGC and 11.4 per cent in the hydropower public-sector unit, NHPC, has been cleared.
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.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
If the power plants are reporting low coal stocks with them, it is largely because they have improved their power generation to meet higher demand.
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
In the first nine months of 2017, investment banks pocketed Rs 500 crore for helping companies raise Rs 30,853 crore through IPOs.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
This will help Coal India become globally competitive, says Minister of State for Coal Dasari Narayana Rao.
The total market valuation of the BSE-listed companies is nearing the Rs 100 lakh crore-mark following the continued dream run of the bourse.
Not only do you need an effective and independent regulator, you also need competition to flourish.
ONGC is the country's most profitable PSU.
The country's biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs 34,700 crore).
The valuation of CIL dropped by Rs 20,875 cr to Rs 2,27,926 cr
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Ficci also said the new leadership is expected to recognise the industry concerns on land, labour and environment.
Arun Jaitley will aim for jumps in other revenue streams for the government.
Valuation of TCS, ITC declines in the week
In dollar terms, TCS' market valuation rose to $84 billion.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
In the domestic market cap ranking, TCS continues to top the list
Sun Pharma was the biggest gainer in the Sensex pack, advancing 1.79 per cent.
Oil explorer ONGC again emerged as the highest profit-making PSU of the country during 2012-13 while telecom major BSNL turned out to be the biggest loss-making enterprise, says the Economic Survey.
The top line growth for the 500 companies slowed down to 8.7 per cent.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
