SC judges suspected a lack of objective criteria in the selection.
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JSPL and Balco had emerged as the highest bidders in the recently concluded auctions.
The Central Bureau of Investigation is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others and also progress in the remaining 13 cases.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
The total admitted claim of financial creditors of these 88 companies stood at Rs 1.3 trillion, of which they recovered Rs 65,635 crore.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
Traders blame demonetisation for subdued demand in retail segment
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
Look at reaping the first-mover advantage by possessing lands in AP's newly-announced capital city.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
Govt to issue ownership rights of 15 coal mines on Mar 23.
The Central Bureau of Investigation has found no criminality in the allocation of about 60 coal blocks, which are likely to be taken out of the purview of its ongoing probe after taking the Supreme Court's permission.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
Bids for eight coal blocks were sent for re-examination.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Eleven companies, which owe the bank Rs 843 crore, are untraceable.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
Karnataka proposes to auction 15 of its Category-C mines to end-users.
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
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