Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Freight rates for 12 commodities hiked.
The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.
Coal India Ltd on Tuesday announced an average 16.7 per cent hike in prices of all grades of coal from midnight on Tuesday.
To float SPV, levy user charge on consumers to cover investment cost.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
The insurer is a venture between banking major ICICI Bank and the UK's Prudential Corporation Holdings. Singapore's Temasek and Premji Invest are also the shareholders.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Rigorous pumping of water from the nearby abandoned mines is expected to begin on Friday.
The biggest initial public offer in over 2 year, made by telecom tower company Bharti Infratel, has received total subscription of over Rs 4,365 crore or 1.3 times the issue size on its last day today.
The Central Bureau of Investigation has registered three separate cases against senior officials of Northern Coalfields Limited, a mini-ratna company and a major subsidiary of the Coal India Limited at Singrauli, in connection with alleged corruption cases related to procurement of mining equipment and financial irregularities.
Bharti Infratel's Rs 4,500-cr share sale to be the largest since Coal India's in 2010.
The body, located 200 feet away from the bottom of the mine, was brought out using the Indian Navy's underwater remotely operated vehicle and an National Disaster Response Force boat on Wednesday, said operations spokesman R Susngi.
The coal scandal began with revelations about the Manmohan Singh government, then expanded in scope to take in the Vajpayee government, and has now become a sweeping saga that lays bare the contemporary Indian state.
The recommendation, if implemented, could severely dent coal miners' bottom line.
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
Tata Motors was the biggest gainer in the Sensex pack, rallying 2.94 per cent. It was followed by Vedanta, Bajaj Finance, Sun Pharma, ONGC, ICICI Bank, Bajaj Auto, Tata Steel, RIL, HDFC duo, L&T and SBI, rising up to 2.78 per cent.
According to the apex power planning body, 47 power stations suffer scarcity of fuel with stocks that could not last more than a week.
Dabang Mumbai and Kalinga Lancers entered the finals of the fifth edition of Coal India Hockey India League by winning their respective semi-finals against Delhi Waveriders and Uttar Pradesh Wizards at the Sector 42 Hockey Stadium in Chandigarh on Saturday.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
Demands include clearing eight critical coal blocks attached to projects of big corporate houses.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Both the indices closed at five-month highs, led by financial services, IT and metal stocks, amid persistent foreign fund inflows.
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
In the Sensex pack, Axis Bank, Tata Motors, Infosys, Kotak Bank, HDFC Bank, RIL, Bajaj Auto, SBI, HUL, Tata Steel, Vedanta, HFDC, TCS, ITC and Sun Pharma jumped up to 4.64 per cent.
Sensex, Nifty put up a good show in closing trade.
Several stocks cheaper in dollar terms now than in March 2009 when Sensex was below 9,000; FIIs in Coal India IPO stare at losses.
.jpg)
ITC, TCS and HDFC Bank emerged as the biggest gainers during the period.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore (Rs 430 billion) from divestment proceeds, almost the same level that the government expects to realise from stake sale in PSUs this fiscal.
Can relax penalty payable in case of a shortfall on 80% committed quantity
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident.
The company's market valuation stood at Rs 10,972 crore in morning trade.
10 Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
The board, on the urging of six independent members, had earlier turned down a government directive to commit at least 80 per cent supply to power companies.
