With ICICI Bank embroiled in a controversy over alleged conflict of interest involving its CEO Chanda Kochhar, market regulator Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Besides, Videocon Industries and its promoters have come under the regulator's scanner as the matter relates to alleged "quid pro quo" involving loans to the company by a group of lenders, including ICICI Bank and some public sector banks.

Private power generating companies have objected to the sale of power by NTPC to Bangladesh, arguing that domestic coal supply via long-term agreements cannot be used to supply power to other countries.

In a letter to the secretary, Ministry of Power, the Association of Power Producers (APP), the representative body of private power companies, has said bids called by the Bangladesh Power Development Board (BPDB) specifically asked if the power supplied from India had the government’s consent to use domestic coal.

Preparing for a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is looking at keeping its prices lower than the former by effectively decreasing production costs and attaining higher economies of scale.

According to Gopal Singh, chairman and managing director, Coal India has already been able to decrease production costs by Rs 53 a tonne by increasing the shifts in mines that has reduced a higher proportion of costs as a result of increased production.

In a bid to come to the frontier of the ongoing tariff war, BSNL has introduced a new recharge pack that offers 1GB data to users. The BSNL new STV Rs 118 offers 1GB data to the prepaid customers along with unlimited calls with a validity of 28 days. The new BSNL STV 118 plan will kick in from April 1.

The new BSNL STV 118 plan, however, is only available in Tamil Nadu and Chennai circles, reports TelecomTalk.

The Air India sale has been code-named Project Royal, although the plain truth is that the national airline isn’t the king of Indian aviation. The company has run losses for years and is laden with debt. Even so, like its affable mascot Maharajah, there are things Air India brings to the table that will attract some buying interest.

Bengaluru: The Reserve Bank of India (RBI) will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, according to a Reuters poll of economists.

All 61 economists polled between 23 and 28 March expected the RBI to hold the repo rate at 6% and the reverse repo rate at 5.75% at its 4-5 April policy meeting.

New Delhi: Given the changing global energy mix, Coal India Ltd, the world’s largest coal miner, plans to set up 20,000 megawatts (MW) of solar projects over the next 10 years, a top executive said.

It is estimated that at a per-MW cost of around Rs4.5 crore, Coal India will require an investment of around Rs 90,000 crore to set up this capacity.

Mumbai: Oil and gas companies are boosting production of coal bed methane (CBM) gas that they are free to sell at market prices.

Natural gas price is capped at $2.89 per mmBtu by the government, while CBM gas fetches $5.7-$10.64 per mmBtu.

New Delhi/Bengaluru: Indian Railway Catering and Tourism Corp. (IRCTC), the largest consumer internet firm by revenue, is set to launch its own payment gateway as the online ticketing platform eyes additional revenues and looks to reduce dependency on third-party payment services providers, according to two people familiar with the matter.

Giving a fresh impetus to his vision of achieving Intelligent Cloud and Edge, Microsoft CEO Satya Nadella has realigned duties of his core senior team, announcing that Terry Myerson, Head of Windows and Devices Group (WDG), was leaving the company. Myerson and the WDG team transformed Windows to create a secure, always up-to-date, modern operating system (OS).

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.