SBI blamed poor coal prices for the decision to turn down the loan request.
Everyday coal is illegally ferried on around 5000 bicycles out of the mines of Central Coalfield Limited in Giridih, Jharkhand but no seems to mind. Shahnawaz Akhtar reports
The Competition Commission of India (CCI) is to be congratulated for imposing a large fine, of nearly Rs 1,800 crore (Rs 18 billion), on Coal India Ltd for alleged abuse of its monopolistic position.
Power stations with captive mines might look at this as an opportunity to sell merchant power at higher rates.
The Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia.
India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.
Odisha's Health Minister Naba Kishore Das, a confidant of the chief minister, was shot and grievously injured when he got out of his car on Sunday, allegedly by a police officer who was captured, officials said.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
The development of the coal mine located at Queensland in Australia and required infrastructure including railways would cost $7.6 billion.
The government on Friday said the auction of explored coal blocks may take place either by December or the beginning of the next year.
'Officers have been made the scapegoat for political failure.' 'No effort has been made to find out who scuttled the prime minister's decision to introduce competitive bidding and why and at whose instance.'
The high-pitched election speeches skipped corporate issues, unlike during the assembly polls about four months ago.
Reliance Power Limited, the flagship company of the Reliance Anil Dhirubhai Ambani Group (ADAG), plans to invest about Rs 2,500-3,000 crore (Rs 25-30 billion) over a period of three years, to develop three coal mines to fuel its Sasan Ultra Mega Power Project in Madhya Pradesh. Reliance Power currently has access to coal reserves of about one billion tonnes in India and abroad, including a coal mine in Indonesia, which it acquired recently.
The Congress-led United Progressive Alliance government at the Centre has accepted the recommendations made by the Inter-Ministerial Group on coal to de-allocate four coal blocks
Three experts from Western Coal Fields, a subsidiary of Coal India Limited, camped at the Silkyara tunnel site from November 20.
The PIL filed by Aditya N Prasad also sought a direction to the Centre and other authorities concerned to prepare a standard operating procedure for rescue operations in mining.
Tiger Shroff returns to the big screen after 18 months... Kangana plays a fighter pilot...Vidhu Vinod Chopra directs 12th Fail and much more...
K Natwar Singh wore many hats as he straddled the worlds of diplomacy, politics and writing but what remained consistent across decades was his sharp-wit and plainspeaking.
As part of the energy sector reforms, government is trying to evolve a consensus on commercial mining of coal to promote development of the sector, Coal Minister Sriprakash Jaiswal said.
Tata Power, the country's largest private utility by sales, announced the acquisition of 30 per cent stake in two coal mining units and a related trading outfit of Indonesia's PT Bumi Resources for nearly Rs 4,740 crore ($1.1 billion).
CAG audit is likely to be completed in six months.
Chhattisgarh Chief Minister Bhupesh Baghel reached the national capital on Saturday and is likely to raise with the Congress leadership the issue of his differences with state minister T S Singh Deo, sources said.
Gujarat NRE Coke on Monday said it has completed the acquisition of the Australia-based Elouera mine from BHP Billiton a part of the Australia-based Illawarra Coal Business for an undisclosed amount.
Trinamool Congress is the second highest recipient of political donations through electoral bonds.
The enactment of the new Mining Bill is likely to have a negative impact on existing pure-play mining companies, with their profits impacted by as much as 12 per cent, global research firm Macquarie says.
Rao is now just the Minister of State for Coal.
Niira Radia had said friends in high places enabled favourable EGoM decision on Sasan coal diversion, a charge staunchly denied by Reliance Power.
Twelve rat-hole mining experts are involved in the horizontal excavation through the last 10 or 12-metre stretch of debris of the collapsed portion of the under-construction tunnel on Uttarakhand's Char Dham route.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
They are snapping up ore and coal abroad, as their availability is stuck at home.
Adani group's 16.5 billion dollar controversy-hit coal mine project in Australia has cleared another hurdle with Brisbane supreme court dismissing an appeal filed by indigenous group against the project.
In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.
Virgin promoter to protest Adani's mining project in Australia, saying it will damage the Great Barrier Reef
Tata Steel, others sell assets abroad after taking massive impairments.
'The Budget will be positive, continuing on the path of growth taken so far.'
The PPP model for CIL was first mooted by the Planning Commission.
The country faced a major power crisis for the second consecutive day as three grids serving northern, eastern and northeastern regions failed on Tuesday afternoon, leading to 200 coal miners getting trapped in West Bengal and throwing normal life out of gear in 22 states.
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