Coal India on Monday said it has stepped up supplies to support thermal power units, which were facing coal crunch. In August, the country had faced energy crunch with growth in hydro, nuclear and others sources declining 12%, 36% and 7%, respectively. The demand for electricity from thermal power plants went up substantially, which prompted an additional 17% generation compared to August 2016. CIL supported the thermal power stations by increasing coal supplies by 20% to 34.4 million tonne compared to 28.6 million tonne during August 2016.

The board of Securities and Exchange Board of India (SEBI) on Monday made a number of changes in Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) regulations, to make these instruments attractive including allowing REITs and InvITs to raise capital by issuing debt securities. The market regulator also introduced the concept of strategic investor in REITs on similar lines of InvITs. SEBI also allowed single-asset REIT on similar lines of InvIT. Currently, a REIT requires two projects. Further REITs have been allowed to lend to underlying special purpose vehicle (SPV).

JP Morgan has raised the target for HDFC bank to Rs 1,975, from the previous target price of Rs 1,720; a near 15% increase. The shares have returned more than 54% since January, as against the BSE Sensex returns of 21.77% in the year.

The shares were trading flat at Rs 1,859.75 on Tuesday morning. The global asset management firm expects that HDFC bank’s earnings will grow at a steady pace, as there’s minimal asset quality risk for the bank.

The US has resumed fast processing of H-1B work visas in all categories subject to Congress-mandated limit, five months after it was suspended temporarily to handle the huge rush of applications for the work visas popular among Indian IT professionals.

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year.

The Telecom Regulatory Authority of India (Trai) has suggested manufacturing telecom equipment in the country to offset security concerns because of excessive reliance on foreign-made goods. It has issued a paper to identify policy measures, address issues of standardisation, and noted incentives that can be given to industry.

Titled “Promoting local telecom equipment manufacturing”, Trai’s paper claims there has been exponential growth in technology in the telecom sector. “While the mobile handset manufacturing industry has shown good progress in the past five years, the telecom equipment manufacturing industry has not been able to match the performance.”

The central government might decide to list the National Highways Authority of India (NHAI) on the stock exchanges, as a way to bypass the need for bank funding.

And, perhaps also use the engineering, procurement and construction (EPC) model for financing road construction, said Nitin Gadkari, the minister in charge. “It (NHAI IPO) is in the process now. I'm thinking, but I need approval from the finance ministry,” he said. The minister did not reveal details of a plan to list the NHAI, beyond saying he needed approval from the ministry for this. He complained banks were taking up to 12 months to approve financial closure for highway projects.

Mumbai: The rupee on Monday erased all the gains and closed over fresh one month low as traders turned cautious ahead of the Federal Reserve meeting that begins on Tuesday.

The rupee closed at 64.14 a dollar—a level last seen on 18 August, down 0.09% from its Friday’s close of 64.08. The home currency opened at 64.07 a dollar and touched a high and a low of 64 and 64.15 respectively.

Bengaluru: After winning last year’s make-or-break Diwali sale battle, online retailer Flipkart Ltd plans to add a large number of new customers for the first time in more than a year and extend its slender lead over arch-rival Amazon.com Inc. in this week’s Big Billion Days sale.

Flipkart is betting on smartphones, televisions and refrigerators to drive sales to existing customers and on fashion, accessories and home and furniture products to lure new users, a majority of whom will be women, according to its estimates.

The Government has been mulling over making Pan Card mandatory for NGOs and business entities. According to reports, the Ministry of Corporate Affairs (MCA) has proposed amendments to the I-T and PMLA Acts and making it compulsory for companies/NGOs to get a PAN at the time of incorporation.

The company's top executives might also have to submit their Aadhaar details. Experts believe that the move would help in curbing black money and would make it difficult for benami properties to survive.

Bajaj Auto hit a record high of Rs 3,129, up 3.5% on BSE in intra-day trade to regain its status as the country’s most valued two-wheeler company in terms of market capitalisation (market-cap).

The stock surpassed its previous high of Rs 3,122 touched on September 9, 2016 in intra-day trade.

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