KOLKATA: Coal India plans to offer a mix of 30 million tonnes of thermal and coking coal at its recently announced fourth tranche of long-term supply contract for the non-power sector.

In the auction, the offer price for the coal would be the notified price for the non-power sector. Notified price for non-power is almost 20% higher than price fixed for the power sector.

Kamal Mahajan says he’s being asked just one question: how did he make money as peers lost $4.4 billion during India’s worst bond-market rout in two decades?

The answer, according to the head of treasury and global markets at Bank of Baroda, goes back to a contrarian bet taken two years ago.

India and Seychelles on Monday agreed to work together on a project to develop a naval base at the Assumption Island keeping each other's concerns in mind after talks between Prime Minister Narendra Modi and President Danny Faure.

India also announced a USD 100-million credit to Seychelles for augmenting its defence capabilities.

Tata Motors-owned Jaguar Land Rover has lined up investment worth 13.5 billion pounds (around Rs 1.2 lakh crore) in the next three years on new models, technology development and capacity addition.

The company will launch four new models by FY24 taking the total nameplates in its portfolio to 16 from 12 at present. Besides, it has also lined up a total of 99 different 'product actions' during the time period.

Cellular Operators' Association of India (COAI) has raised concerns over Trai's draft rules to curb pesky calls, stating that they do not effectively deal with pain-points faced by users.

The industry body of large mobile operators has insisted on a “cost-benefit analysis” before financially-stressed telcos are asked to overhaul the existing system.

Mumbai, Jun 25 () The BSE Sensex declined about 67 points in early session today on profit-booking by speculators amid mixed Asian cues on worries over a US-China trade war.

The 30-share flagship index was down 67.80 points, or 0.18 per cent, to 35,621.80.

Mumbai: Reliance Industries Ltd (RIL) is considering an initial public offering (IPO) of its telecom unit Reliance Jio Infocomm Ltd in the next two to three years, a person with knowledge of the matter said.

RIL plans to list Reliance Jio on the exchanges after the company’s consumer businesses, which includes Reliance Jio, overtakes its energy business in terms of revenue, the person said on condition of anonymity.

Both LIC and SBI have written to the board of UTI Asset Management Company (AMC), asking it to allow the term of Leo Puri, the current MD and CEO, to expire and to appoint a non-executive chairman from among the “independent directors”. The so-called independent directors are nominees of the PSU financial institutions that, together, own 73% of UTI’s shares. At present, there are two nominees each from LIC and SBI and one from PNB.

SBI Life stands on a strong foothold for superior to industry growth, driven by a geographically diverse retail-dominated business mix and exclusive access to SBI’s >22k branches. Its best-in-class cost ratios are driven by the lower costs of SBIN-sourced business (~10%, v/s >20% for IPRU & HDFCLIFE). Our calculation suggests that a tax-assumption change (similar to what IPRU & HDFCLIFE follow) would boost VNB margins by ~150bp over reported. Buy, price target Rs 804.

Even as the government’s efforts to sell majority stake in Air India came a cropper, it has come to light that a section of Air India’s pilots, deputy general managers (DGMs), clerks and other officials has been making some easy money on the side by playing the system. Airbus and Dreamliner pilots’ flying hours and rosters are being nimbly manipulated, with the result that the loss-making national carrier is ending up paying these pilots a lot more than it needs to.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.