Recent media reports (Financial Express) suggest that the Government of India (GoI), as a part of its disinvestment programme for FY19, is finalising a share buyback plan by Coal India (CIL).

Analysis/Implications—Outlay for a share buyback in FY19 would be capped at Rs 29.2 bn (1.6-1.7% of equity shares outstanding assuming buyback price is in the range of Rs 275-300/share)

NEW DELHI: National Highways Authority of India owes only Rs 425 crore to the embattled Infrastructure Leasing & Financial Services and the Mumbai-based infrastructure lender and developer has raised claims for about Rs 4,000 crore, which are currently under arbitration, a senior government official has said.

After a flat start on Tuesday, Sensex fell over 100 points while Nifty breached 10,900 mark. Banks share too continued to nosedive, however, Yes Bank shares up ahead of board meet. At 9:59 AM, Sensex was down by 29.04 or 0.080 per cent to trade at 36,290.70 mark. Nifty50 was at 10,960.80 mark. In global markets, Asian stocks struggled as a fresh round of US-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.

The Reserve Bank will conduct open market operations (OMO) on Thursday to purchase government bonds to infuse liquidity of Rs 100 billion.

“Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the Reserve Bank of India (RBI) has decided to conduct purchase of government securities under Open Market Operations for an aggregate amount of Rs 100 billion on September 27, 2018 (Thursday),” the apex bank said in a release on Monday.

Friday's sharp share sell-off of several banking and non-banking finance companies has put the Securities and Exchange Board of India (Sebi) and stock exchanges on high alert. According to sources, the regulator met the stock exchanges on Monday evening to avert any further damage and ensure that there is ample liquidity.

Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology companys industrial products segment. The deal is expected to run for a period of five years with an aggregate revenue potential of $40 million

State-run power producer NTPC has been given the green clearance for the Rs 77.32 billion expansion project of the Talcher Thermal Power Station in Odisha, a senior government official said Monday.

The company's proposal is to add two additional units of 660 MW each in the existing premise of the Talcher Tehermal Power Project (TTPP) located in Angul district, Odisha.

Tech giants Microsoft, Amazon and Google are joining forces with international organisations to help identify and head off famines in developing nations using data analysis and artificial intelligence, a new initiative unveiled Sunday.

KOLKATA- State-run monopoly miner Coal India (CIL) plans to supply 17.5 million tonnes of coal annually to captive power producers for five years through an auction that started last week and is slated to conclude on October 10.

The average base price for the fuel on offer is around ₹1,343 per tonne while premiums offered by consumers for a variety of coal from South Eastern Coalfields have touched a high of ₹650 per tonne.

BENGALURU: If Apple taught Indian consumers to unlock its new phones with a twitch of their eyes, Paytm is working on introducing facial recognition to enable digital payments.

Noida-based Paytm has begun testing a facial recognition tool that can unlock its payments application on a customer’s smartphone, company executives said. It also plans to extend this feature to allow customers to pay at merchant outlets with the blink of an eye.

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