De-allocate 3 mines, chop bank guarantee of 4 blocks: IMG

Deallocation of three more coal blocks was on Wednesday recommended by the Inter-Ministerial Group, which concluded scrutiny of 29 mines and will meet on Thursday to review further cases. The......

Media baron latest bigwig to be tangled in coal scam

A businessman-journalist and Rajya Sabha member from the ruling Congress party, Vijay Darda has recently shot into national limelight, but, for all the wrong reasons -- he has become embroiled in......

'Banks to recover 48% from NPA accounts in RBI list'

The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation. Illustration: Uttam......

Banks to now refer 28 large dud accounts to NCLT

These together account for 40 per cent of bad loans of around Rs 4 trillion. With the RBI's deadline ending on Wednesday to resolve the 28 large stressed accounts that the regulator had identified......

Old coal mine owners to receive Rs 280-crore compensation

The coal ministry has accepted Rs 282 crore (Rs 2.82 billion) out of Rs 1,757 crore (Rs 17.57 billion) claims for compensation by the previous owners of 42 coal mines that were recently auctioned.......

Coal auction: Adani Power, Usha Martin bag mines

Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal mine auction that began on Wednesday. "Usha Martin is the......