India News

Coal India allows power companies to swap supplies

NEW DELHI: State-run power generating companies will now have the flexibility to swap their coal supplies and divert them to more efficient power plants.

Coal India last week signed agreements for aggregation of contracted quantity of coal with state and central power generating companies for flexible movement of coal that would help reduce the cost of power generation, a senior company official said.

SEBI quashes non-bailable warrant against Sahara chief

The special SEBI court presided over by judge S Razvi on Friday, quashed the non-bailable warrant (NBW) issued against Sahara chief Subrata Roy, after he appeared before the court. On March 31, the court had issued a warrant against the accused, which was honoured by him.

The next hearing of the case has been adjourned to May 18, when the prosecution will put forward the charges pressed against the accused.

Himachal govt follows suit, bans use of red beacons by VIPs

The Himachal Pradesh government on Friday issued an official notification, prohibiting the use of red/amber/blue light on all vehicles barring those belonging to a few high dignitaries, a step aimed to end the VIP culture in the state.

"In pursuance of the powers conferred under clause (iii) of proviso of sub-rule (l) of Rule 108 of Central Motor Vehicles Rules 1989, the Governor is pleased to withdraw the use of Red/Amber/Bluelight on the top of their official vehicle, except Chief Justice and Judges of Himachal High Court," a notification issued by Raj Bhawan said.