Home » 2015 » December (Page 2)

Power utilities owe Rs 8,279 crore to Coal India

An NTPC official said that it has not received any communication in this regard. NEW DELHI: Power generation utilities including country’s largest power producer NTPC and Damodar Valley Corporation (DVC) owed about Rs 8,279.19 crore to state-owned Coal India, as on November 30. “Power generation companies, like NTPC...
Continue reading

China industrial profits fall for 6th straight month

BEIJING: Profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, data from the statistics bureau showed on Sunday. Industrial profits – which cover large enterprises with annual revenue of more than 20 million yuan from...
Continue reading

Gold imports lose steam, fall 36.5% to $3.5 billion

India is the largest importer of gold in the world, the demand of which mostly comes from the jewellery industry. NEW DELHI: Gold imports shrank 36.5 per cent to $3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the...
Continue reading

Coal India produces 9 percent more in FY 2015

Coal India Limited (CIL). NEW DELHI: State-run Coal India Limited (CIL) produced 9 percent more coal in the current fiscal than in 2014, the government said on Saturday. In a tweet, coal secretary Anil Swaroop said: “Coal production by Coal India crosses nine percent over last year’s record...
Continue reading

India gets oil deals as Russia opens doors

NEW DELHI: India returned to Russia after six years for a bouquet of oil deals, potentially worth $2-3 billion, as Moscow actively seeks partners for meeting capital needs of new fields, amid low crude prices and western sanctions. On Thursday , Rosneft, the world’s largest publicly-traded oil company...
Continue reading

Punjab govt seeks more funds from Reserve Bank

Reserve Bank of India. CHANDIGARH: Punjab government has asked the Reserve Bank to increase the credit limit so that payments could be made to farmers in view of the bumper paddy output, which led to a higher procurement by the state agencies. State Food and Civil Supplies Minister...
Continue reading

Rel Jio’s 4G entry not a threat: Idea

Idea Cellular, the country’s third-biggest mobile operator with over 170 million subscribers, has joined the 4G bandwagon ahead of Mukesh Ambani’s Reliance Jio launch. Reliance Jio is expected to be launched commercially in March-April, while a soft launch for employees will take place on Sunday. While Bharti Airtel...
Continue reading