Calcutta: Jharia coalfields in the Damodar valley basin offer the best prospect for Coal India to extract coal bed methane gas. CIL sources on Thursday said that the company's exploration arm - the Central Mine Planning and Design Institute - has already undertaken initial activities. An area of 24 square kilometres has been delineated in Jharia coalfields in the mining leasehold of CIL subsidiary - Bharat Coking Coal Limited.

Reports that the state-run oil marketing companies (OMCs) will absorb about Re1 a litre of the increase in diesel and petrol prices sent these stocks plummeting on Wednesday.

OMCs are Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOC).

The benchmark Sensex gained over 100 points in early trade , continuing its rising streak for the seventh straight session on the back of positive macroeconomic data, ahead of Infosys earnings later in the day.

The 30-share barometer was trading higher by 134.96 points, or 0.39 %, at 34,236.09 with all the sectoral indices, led by metals, banking and realty stocks rising by up to 1 %.

Infosys results Q4 2018: Infosys share price was trading little changed on BSE and NSE ahead of the Infosys results Q4 2018 on Friday as India’s second-largest IT company Infosys is all set to announce the financial results for the quarter and the year ended 31 March 2018 today, 13 April 2018. Infosys results will mark the beginning of corporate earnings for the Q4 and the fiscal year 2017-2018 by the top 100 company on Indian exchanges.

The Telecom Regulatory Authority of India (TRAI) today reiterated its recommendation to the I&B ministry that direct-to-home licenses be issued for a period of 20 years and then renewed for 10 years, and a one-time entry fee of Rs 10 crore be charged in the new DTH licensing regime. In July, 2014, the TRAI had made a number of recommendations regarding the issues related to the new DTH licensing regime.

A Reliance Industries-JM Financial Asset Reconstruction Company combine is the sole bidder for the bankrupt Alok Industries. Sources familiar with the transaction indicated the resolution plan submitted by the team would require lenders to take a fairly big haircut of between 80% and 85%. Against outstandings of close to Rs 30,000 crore, the RIL-JM Financial combine is understood to have agreed to put in Rs 4,000-4,500 crore. However, it could not be confirmed whether the committee of creditors (comprising lenders to the beleaguered company) had taken a decision on the proposal.

Disinvestment-bound Air India registered around 11% growth in revenue, as the airline’s fiscal and performance parameters were good in the last financial year, according to its chief Pradeep Singh Kharola. The loss-making national carrier also recorded 80% passenger load factor in 2017-18 amid the government preparing for its strategic disinvestment. Kharola said on Thursday that the performance parameters of the airline had been good in the last financial year.

Indian athletes Rakesh Babu and Irfan Kolothum Thodi are being sent home from the Gold Coast Commonwealth Games (CWG) after a needle was found in a cup in their bedroom at the Athletes' Village, the Commonwealth Games Federation (CGF) said on Friday.

Triple jumper Babu, race walker Thodi and three Indian team officials had appeared before a CGF hearing on Thursday, CGF President Louise Martin told reporters.

India is awaiting response from Hong Kong authorities on its request for provisional order of arrest of diamond merchant Nirav Modi, wanted in connection with the PNB loan fraud. Spokesperson of the Ministry of External Affairs, Raveesh Kumar, said India has requested the Hong Kong authorities to surrender Modi, based on the extradition agreement for surrender of fugitive offenders signed between the two sides in 1997.

The Central Bureau of Investigation (CBI) on Thursday questioned two international State Bank of India officials of deputy general manage rank in the Punjab National Bank scam estimated to be worth around Rs 13,910 crore. The agency refused to divulge names of the people who were questioned.

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