These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
Pawan Verma contended that PSU banks are influenced to give loans to the people who are not able to repay them.
Prime Minister Narendra Modi is set to meet top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, at a roundtable in Melbourne next week.
Striking another major deal in less than four months, Adani Power on Mondayentered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Indian CEOs might like to make some serious course correction.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Bankers say it's a question of survival for debt-heavy companies.
The good news for the group has come from the port business.
The CBI opposed the plea seeking summoning of former prime minister Manmohan Singh and two others as additional accused in a coal scam case.
In the domestic market, the Tata Group has lost ground in the passenger car business.
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
Companies write off investments, shed assets as initial projections go haywire
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India's fear of small states derives from memories of Partition and the paranoid view that it will break up under 'too many' states. It's time to shed such fears and bite the 'states' reorganisation' bullet. India won't crumble under a few more Telanganas, Vidarbhas or Gorkhalands, says Praful Bidwai.
For debt-laden companies, asset sales is an obvious solution.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
While three operational mines in Chhattisgarh had a capacity of 12 million tonnes (mt), six were yet to start production.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The state is trying hard to improve ease of doing business by several notches.
India Inc has few leaders who are likely to grab headlines in 2015.
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