A consortium of lenders led by State Bank of India (SBI) has put on sale a 1,200-megawatt (MW) thermal power plant in Tamil Nadu set up by Coastal Energen, according to a bid document.

The outstanding term debt to the plant, as on December 30, 2016, was Rs 6,132.14 crore and the working-capital outstanding, as on March 31, 2017, was Rs 831.53 crore.

NTPC, India’s largest thermal power producer, is planning a power despatch schedule wherein cheaper power will be loaded first.

The move aims to reduce the cost of power for state-owned power distribution companies (discoms) that are facing financial difficulties.

The department of telecommunications (DoT) is likely to approve the merger of Vodafone and Idea Cellular in the next few days, making the combined entity the country’s largest mobile services operator.

Sources said all the wings of the DoT as well as Telecom Secretary Aruna Sundararajan had given a go-ahead to the merger. After signature by Communications Minister Manoj Sinha, the approval document will be sent to the companies.

Reliance Industries (RIL) hit a new high of Rs 1,011.70 up 1% on the BSE in noon deal, surpassing its previous high of Rs 1010.70 recorded on April 27, 2018 in intra-day trade.

In past three weeks, RIL has outperformed the market by surging 10% as compared to 4% rise in the S&P BSE Sensex.

After days of combing, the Army finally managed to neutralise two terrorists deep inside the jungles of Panar in north Kashmir's Bandipora district. A soldier was also martyred in the encounter.

The operations started on June 9 when troops were attacked by the terrorists in the forest area. The area was immediately cordoned and operation to flush out the terrorists was launched.

Dust storms hit various parts of Uttar Pradesh, leaving seven persons dead and 21 injured, an official spokesman said today.

Seven persons were killed in dust storm in the past 24 hours.While three each died in Gonda and Sitapur, one person was killed in Faizabad, an official spokesman said here.

Two Muslim men were allegedly lynched by a group of enraged villagers on suspicion of cattle theft in Jharkhand's Godda district, the police said on Thursday.

DIG (Santal Paragana) Akhilesh Kumar Jha said five people had allegedly stolen buffaloes from the house of Munshi Murmu and others in tribal-dominated Dullu village last night.

Jio Double Dhamaka offer, which was introduced yesterday, June 12, is a fresh attempt by Jio to fuel the fire in the telecom sector to keep the incumbents Airtel, Vodafone, Idea Cellular, and BSNL at bay. This offer entitles the Jio customers with additional data for free along with a discount of up to Rs 100 on all the prepaid recharge packs. The company explicitly compared its new offer with what Airtel is providing at same price points. Moreover, while Jio and Airtel are in a neck and neck contest, other players such as Vodafone, Idea, and BSNL are competently vying for the best position.

Indian companies are dominating the ranks of the world’s best-performing industrial firms as they benefit from neighboring China’s pollution crackdown and billions in domestic infrastructure spending.

Of the 15 best-performing stocks over five years, eight are from Asia’s No. 3 economy and range from graphite electrode makers to equipment providers.

With Infosys all set to complete a quarter century on the Indian bourses, the company's share price has reflected the iconic journey of the tech services firm, touching an all-time high on Wednesday.

The share price of the Bengaluru-headquartered company touched a record high of Rs 1,284 on the BSE, surpassing the previous high of Rs 1,278 on June 3, 2016.

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