KOLKATA: Power companies have been topping their supplies from Coal India in the four months to end of November with purchases through eauctions, imports and captive mines, data from the Central Electricity Authority shows.

This assumes significance because power companies have complained of less-than-adequate coal availability during these months.

The Reserve Bank of India (RBI) on Friday refused to accept bids for Rs 11,000 crore worth of bonds in the final auction of this calendar year.

In all, four bonds for Rs 15,000 crore were on offer. Bids for two bonds--one maturing in 2022 (Rs 3,000 crore on offer) and another in 2031 (Rs 8,000 crore)—were rejected by the central bank. It sold the remaining two bonds worth Rs 2,000 crore each and maturing in 2033 and 2046.

NEW DELHI: The government has extended by 10 days the last date for filing of final sales return GSTR-1 till January 10 under the Goods and Services Tax, sources said.

Businesses with turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier.

To improve internet connectivity through mobile phones especially in the rural areas, there is a plan to equip towers with solar power kits so that they keep functioning even when there is no power supply, the government said today. During the Question Hour in the Rajya Sabha, Telecom Minister Manoj Sinha also said the Bharat Sanchar Nigam Ltd (BSNL) which was earlier in losses has posted an operating profit and more towers will be set up to improve the service and connectivity of the public sector enterprise.

India is slated to become the third-largest economy in the world within a decade, according to various global brokerage firms like Morgan Stanley and Bank of America Merrill Lynch. However, in contrast to that, the country is also saddled with the third-largest population base of HIV+ people globally. India had a whopping 21 lakh people with AIDS in 2014, according to a report by the UN. But AIDS is just one example.

NEW DELHI: Realty major DLF today appointed Saurabh Chawla as group chief financial officer (CFO).

Chawla, age 53 years, joined DLF in April 2006.

"...upon elevation of the group CFO Ashok Kumar Tyagi as whole-time director of the company, the board of directors... has appointed Saurabh Chawla as Group CFO of the company," DLF said in a regulatory filing.

The Lok Sabha on Thursday passed a bill that criminalises instant divorce with three years of imprisonment for Muslim husbands after the government rejected an overwhelming demand from the Opposition to refer the legislation to a Parliamentary standing committee for detailed consideration.

The Muslim Women (Protection of Rights on Marriage) Bill, 2017 was passed by a voice vote after rejecting a resolution moved by Revolutionary Socialist Party member N.K. Premachandran that the legislation be circulated for public opinion.

NEW DELHI: The equity markets followed suit with the last two days of trading, as both Sensex and Nifty opened firmly in the green.

30-share BSE Sensex jumped 41.36 points to open on 33,889.39 while the broader 50-share NSE Nifty started trading on 10,492.35, up by 14.45 points. Sensex extended gains in the first 30 minutes of trading with the index surging by more than 100 points. Nifty too saw an uptick as the broader index was up by more than 0.30 per cent at 9.50 am.

NEW DELHI: On Friday, finance minister Arun Jaitley will convene a meeting with financial sector regulators to chalk out decisions to be made for the Union Budget 2018. Financial Stability and Development Council (FSDC) is a high-powered body, whose members include RBI Governor, Sebi Chairman, IRDAI chief and heads of other regulatory bodies. Besides, top Finance Ministry officials would be attending the meeting.

The meeting comes in the backdrop of government deciding to borrow an extra Rs 50,000 crore from the market, a move that has raised alarms of a fiscal slippage.

Mumbai: The Indian rupee on Friday was trading marginally higher against US dollar, tracking gains in its Asian peers.

The rupee opened at 64.07 a dollar. At 9.15am, the home currency was trading at 64.03 a dollar, up 0.08% from its Thursday’s close of 64.08.

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