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Updated: Dec 22, 2014 12:53 PM
The Advisory Group for Integrated Development of Power, Coal and Renewable Energy headed by the current Railways Minister Suresh Prabhu has recommended urgent action on providing coal linkages to power plants likely to be commissioned by March 2015. The
Updated: Dec 22, 2014 01:05 PM
Nifty December Futures (8,247) The Nifty futures contract started the session on a positive note at 8,261, slightly higher than its last week's close at 8,239. It has been moving sideways in a narrow range between 8,237 and 8,267 indicating neutral sta
Dec 21, 2014 09:50 PM
Gold is about to end the year marginally lower. That’s not bad, given that the year was one of the toughest for the metal. The ending of the Federal Reserve’s monetary easing, rally in the US dollar to a five-year high, rout in the oil market,
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VRL Logistics has filed draft papers with the market regulator SEBI to raise funds through an initial public offer. This is the company’s second attempt to enter the capital markets. Earlier in December 2010, the Karnataka-based company had filed
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In the first such reported incident of the season, dense fog disrupted surface and air traffic to some extent in Delhi and neighbourhood early this morning. This came about even as a western disturbance kept waiting over north Pakistan to cross the inte
58 minutes ago
Shares of Electrosteel Castings tumbled 20 per cent on the bourses today amid fresh concerns regarding alleged irregularities in the allocation of coal blocks.CBI had yesterday carried out searches at five locations in Jharkhand and West Bengal after regi
an hour ago
Private power utility Tata Power today said its Trombay thermal power station had developed a technical problem.“Tata Power said that a technical snag developed in Unit 7 at Trombay thermal power generating station,” the company said in a regu
an hour ago
Shareholders of French firm Alstom have approved the sale of the company’s energy businesses to General Electric. This would, however, be subject to various other approvals.The resolution relating to this transaction was approved by a majority of 99
Dec 22, 2014 09:17 AM
Shares rose for a third session on Monday, led by gains in defensive stocks such as ITC Ltd on worries the selling spree by foreign investors might continue till year-end, while higher Asian shares underpin the broader market. At 12 pm, the 30-share BSE
Dec 22, 2014 09:50 AM
The rupee opened flat at 63.31 per dollar against the previous close of 63.32 amid a strong opening in the domestic equity market. The rupee was trading higher at 63.24 per dollar at 9.52 am on fresh dollar selling by banks and exporters. The rupee ha
Dec 21, 2014 09:27 PM
Will consumption demand for gold revive?The economic drivers for jewellery demand are robust. The outlook for two of the leading gold nations — India and China — is positive. In India, over the past seven years, 140 million people have been lif
Dec 21, 2014 10:09 PM
Nickel, cocoa, palladium buck the dismal 2014 trend The year 2014 has been a forgettable one for most commodities with many such as crude oil, copper, steel, rubber and cotton seeing their prices head relentlessly south. China cutting back on commodity i
Dec 21, 2014 09:57 PM
Globally, the trend is towards personalisation of garments, according to Kulin S Lalbhai, the scion of Arvind Ltd and the brain behind omni-channel retail brand Creyate.In a chat with BusinessLine, Lalbhai talks about how Creyate, which was launched four m
Dec 21, 2014 11:38 AM
Tech Mahindra plans to expand its global seating capacity by another 30,000 in the next two years, taking the total capacity to 1.25 lakh, a top executive of the IT major said.The expansion would mainly focus on three major cities Hyderabad, Bengaluru and
Dec 21, 2014 10:19 PM
Centre working on a policy for commercial exploitation To commercially exploit the oil and gas available in marginal fields owned by ONGC, the Centre is working on a proposal to auction these areas. ONGC holds about 165 marginal fields (79 offshore and 8
Dec 21, 2014 09:48 PM
Centre to divest 5%, will reserve 20% of that for retail investors Buoyed by the success of the SAIL divestment, the Centre is looking to wrap up a similar stake sale in ONGC by next month. The Cabinet Committee on Economic Affairs (CCEA) had approved
Dec 21, 2014 10:26 PM
The rouble plunging against the dollar has been hurting Indian exports The Russian rouble’s rollercoaster ride this past week has put Indian exporters on notice, with many looking to minimise the currency risks faced by them. Exporters are now knoc
Dec 21, 2014 01:04 PM
The wholesale inflation may have hit a zero level, but economists feel it is too early to worry about a ‘deflation’ possibility, as a ‘nil’ rate of price rise was just a statistical phenomenon in the current scenario.They said that
Dec 21, 2014 08:45 PM
Relying on growth to revive revenues is unrealistic. The government has to get cracking on disinvestment The timing could not have been more ironic. Weeks after Prime Minister Narendra Modi announced his intention of winding up the Planning Commission &#
Dec 19, 2014 09:13 PM
Having a bank account with money all their own, SC/ST girls in Odisha never miss school The money that was transferred to Pooja Das’ account is working overtime. This Class X student of Gaura Charan Vidyapitha in Jatni, Odisha’s Khorda distri
Dec 19, 2014 09:19 PM
Only baby steps
Dec 19, 2014 09:15 PM
From a smoking chula to a smokeless one and now biogas has made the lives of Pooja, 20, and Menka, 23, that much easier. Married to brothers in Paharsar village of Rajasthan’s Bharatpur district, they find they have more time to look after their in
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