Many top corporate groups hit hard, in penalties and sunk investments, beside loss of future revenue
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
Major corporates are staring at an uncertain future after investing substantially on their projects
Essar Group has bid $150 million for taking over an Australian coal firm, Rocklands Richfields Ltd, bettering an earlier offer from Jindal Steel and Power Ltd.
The panel undertook the review of the blocks from September 6-8.
The decline in these was mostly due to company or sector-specific issues, say experts.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
The case pertains to alleged irregularities.
With their balance sheets under stress, private companies have lost interest in them.
Govt went against its own recommendation of Jun 20, 2007, where along with the 2 Jindal companies, it wanted 40% coal block to go to Lanco.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
The Tilaiya project is a part of the government's showcase UMPP scheme under which a power generation capacity of around 50,000 Mw is planned to be created through 13 of such mega projects, which will come up mostly in the Twelfth Plan period.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
Seeking stringent action against the perpetrators of the Pulwama attack, India Inc said 'now we have to make sure that the world knows that they can't mess with us'.
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa
The Central Bureau of Investigation will be filing a fresh case in connection with alleged irregularities in connection with allocation of coal blocks by the end of this month in which it may name a corporate and certain former officials of the Union coal ministry.
The O P Jindal Group company Jindal Steel and Power has begun talks with the State Bank of India, Punjab National Bank and Canara Bank for financing its Rs 550 crore (Rs 5.50 billion) expansion plan.
The BSE benchmark Sensex recovered by over 88 points in early trade today after yesterday's losses on emergence of buying by funds and retailers, tracking a firming trend in Asian markets.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Globally, London's Tube and French railway networks are already using this technology in their corrosion-prone areas.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Auto stocks will be in focus
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
'Kindly advise about the following stocks. Can I hold or exit?'
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.
Pharma shares extended losses after the government's ban on combination drugs.
The decision was taken by the ministry this week, a top Coal Ministry official said, while refusing to reveal the names of the companies.
Industrial output fell 3.2 per cent in November.
The Central Bureau of Investigation is probing "all angles" in the Ishrat Jahan case including the statements of some witnesses claiming knowledge of political conspiracy behind the fake encounter involving the Gujarat Police and the Subsidiary Intelligence Bureau.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your stock market queries.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
