KOLKATA: Coal India is trailing global peers in operating performance and technology adoption, while taxes and freight constitute 25% and 34%, respectively, of the cost consumers pay, undermining the monopoly's competitiveness, the company's Vision 2030 document said.

MUMBAI: An engineer raised in Mumbai, Vikas Sathaye, was part of the team that bagged the scientific and engineering award at the Oscars 2018 Scientific and Technical Awards on Saturday. The four-member team was honoured at the Beverly Hills ceremony "for the concept, design, engineering and implementation of the Shotover K1 Camera System", which the Academy of Motion Picture Arts and Sciences describes as a "six-axis stabilised aerial camera mount" that has an "enhanced ability to frame shots while looking straight down".

Key indices on Monday opened in green. The benchmark BSE Sensex opened 200 points higher to open at 34203.34 while the NSE Nifty gained over 70 points to trade above 10,500.

The BSE market breadth was bullish as 1,028 stocks advanced as against 224 declines.

Mahindra & Mahindra (M&M) is poised to enter Iran with its XUV500, KUV100 and Scorpio pick-up, attempting to break the dominance of French and other European automakers in the market that has turned stricter in automobile safety and emission norms.

The company has signed an agreement for collaboration with a local business group, which is expected to be materialised later this year.

India and Oman have signed eight agreements, including on cooperation in the field of defence, health and tourism, as Prime Minister Narendra Modi held wide-ranging talks with the Sultan of the country.

Modi, who arrived here from Dubai on the last leg of his three-nation tour, led delegation-level talks yesterday with Sultan Qaboos bin Said al Said.

A mid-air disaster was averted in the Mumbai airspace when a Vistara aircraft came perilously close to an Air India plane, prompting the Aircraft Accident Investigation Bureau (AAIB) to launch a probe.

On February 7, the Vistara's UK 997 Pune-bound aircraft from Delhi, carrying 152 passengers, was just 100 feet away from the Air India's AI 631 flight for Bhopal which had 109 passengers on board.

Oil and Natural Gas Corporation (ONGC) was trading 3% higher at Rs 195 on BSE in early morning trade after reporting a strong operating performance led by higher gas volume and oil realization for the quarter ended December 2017 (Q3FY18).

The company’s natural gas production saw an increase of 4.2% during the quarter under review to 6.277 billion cubic meter (BCM) as against 6.025 bcm during the same quarter in 2016.

Bank of Baroda has rallied 7% to Rs 166 on BSE in intra-day trade after an improved operating performance in December quarter (Q3FY18).

The state-owned bank said its operating profit was Rs 36.50 billion during quarter ended Dec’17, thereby registering year-on-year (YoY) growth of 40.66%, driven by growth both in interest and fee income. The bank’s domestic credit registered YoY growth of 16.38% driven by retail loans growth of 33.37% and within retail loans, home loan growth of 44.33%.

The Reserve Bank will soon have greater flexibility in terms of managing its liquidity operations with the addition of one more tool 'Standing Deposit Facility Scheme' to its kit.

Finance Minister Arun Jaitley in his Budget has proposed to amend the RBI Act to empower the central bank to come up with an additional instrument for liquidity management.

The country's largest lender SBI wrote off bad loans worth Rs 203.39 billion in 2016-17, the highest among all the public sector banks, which had a collective write off of Rs 816.83 billion for the financial year.

The data pertains to the period when the associate banks of State Bank of India (SBI) were not merged with it.

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