Chennai-based navratna PSU company, NLC India Ltd (formerly Neyveli Lignite Corporation), has firmed up plans to set up a pithead coal-based power project in Odisha with a capacity of 3,200 Mw.

The power plant entails an investment of Rs 11,785 crore, and is to come up at Tareikela near Jharsuguda in western Odisha. The site chosen for the coal-fired power generating station is in the vicinity of the Talabira-II and Talabira-III coal blocks the company has won in the state.

Central GST & Integrated GST law have been cleared by the GST Council, according to the latest reports by news agency ANI. This move will mark the begin of a one-tax regime in India. The crucial Goods and Services Tax (GST) Council meet, headed by Finance Minister Arun Jaitley took place at Vigyan Bhavan with the agenda to get the council’s approval on iGST (integrated GST), cGST (central GST) and sGST (state GST) drafts before the second half of the budget session of Parliament that begins on March 9.

Share price of Apollo Hospitals declined by over five per cent on Friday after a report said that Malaysia-based sovereign fund Khazanah's arm Integrated Healthcare Holdings (IIH) sold six per cent stake in the company. IHH already have invested into hospital sector in India other than the stake in Apollo Hospitals.

The stock price has come down almost 5.31 per cent to Rs 1,246 following the stake sales for $160 million in Apollo hospital.

In a major step ahead, towards its goal of nurturing micro entrepreneurship and skilling 50 lakh drivers by 2020, taxi aggregator Ola has signed a Memorandum of Understanding (MoU) with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development (Technical Education and Skill Development Dept.) Government of Madhya Pradesh on Saturday.

In line with Prime Minister Narendra Modi's Skill India initiative, the MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years.

Gold prices got past the Rs 30,000-mark again by climbing Rs 375 to Rs 30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.

Silver also went past the Rs 43,000-mark by covering up Rs 400 at Rs 43,100 per kg, backed by increased offtake by industrial units and coin makers.

The US government has temporarily suspended issuing premium H1B visas with effect from April 3, 2017. The US Citizenship and Immigration Services (USCIS) notification, however, said the pending applications for premium H1B visas and the ones filed before April 3 will be processed.

This suspension may last up to 6 months.

A 43-year-old Indian-origin store owner in the US has been shot dead outside his home, just days after an Indian engineer was killed in Kansas in a hate crime shooting that had sent shockwaves across the country.

Harnish Patel (43), the owner of a convenience store in Lancaster County, South Carolina, was found dead of gunshot wounds in the front yard of his home on Thursday, coroner and police officials said.

L&T Construction, the construction arm of Larsen & Toubro Limited (L&T), has won orders worth Rs 2,170 crores across its various business segments.

Its power transmission & distribution (T&D) business has secured orders worth Rs 1,169 crores. Consolidating its position in the substation segment of highest voltage level in Oman, the business has secured an order from Oman Electricity Transmission Company SAOC for turnkey construction of the 400/132 kV Qabel Grid Station and associated works.

Reliance Jio (RJio) has set a target of capturing half the telecom sector’s projected revenues of Rs 3 lakh crore by FY21. The company, which will start charging customers from April 1, indicated this at an analyst meet on Thursday. The company also plans to hit an operating profit margin of 50 per cent on the back of an efficient network, which it claims operates at the lowest operating cost per gigabyte. If RJio manages to reach the projected numbers, it will be unprecedented given no new entrant at the global level has achieved more than 10 per cent market share after launching their services.

In fact, most analysts had pegged a revenue market share of 20 per cent for the company by 2020. RJio is expected to break-even at the operating profit level by the end of FY18 and achieve revenues of $3 billion (or Rs 20,000 crore), according to analysts at Morgan Stanley.

From the beginning of the next financial year (April 1), failing to maintain a monthly average balance (MAB) in your State Bank of India (SBI) savings accounts will attract a charge.

SBI had suspended this charge in July 2012 to expand its customer base and generate low-cost deposits, as those in savings account earn interest rate of only 4 per cent. The bank said it is resuming the charge to partly cover costs for maintaining systems and operations of savings accounts. The charge will be calculated based on the gap between the MAB and the actual balance in the accounts.

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