New Delhi: Coal India Ltd., the world’s biggest miner of the fuel, reported the lowest production and shipments in three years after heavy rains flooded its mines.

Coal production in August dropped 10.4% from a year ago to 32.4 million metric tons and shipments declined 9.6% to 36.72 million tons, both plunging to the lowest since the same month in 2013. Rains and local agitations cut output by 2.4 million tons, N. Kumar, technical director at the miner, said on Wednesday.

New Delhi: ITC Ltd’s consumer goods business presents the “maximum potential for value creation in the future”, the cigarette-maker’s newly appointed chief operating officer (COO) Sanjiv Puri said on Thursday in one of his first interviews.

The segment, which does not include cigarettes, allows the company to “leverage its enterprise strengths to the fullest”, said Puri, explaining why ITC expects to ramp up revenue from branded packaged foods and personal care products to Rs.1 trillion by 2030.

Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of government debt securities worth over Rs 7,000 crore on September 6.

The auction will be conducted on NSE’s ‘e-bid’ platform from 1530 hours to 1730 hours, after the close of market hours.

With one of the largest business conglomerates in India, Reliance Industries Ltd (RIL), parking more than a billion dollars for start-ups in the country, the clogged wheels of the start-up ecosystem might again see motion in India, industry insiders believe.

The Mukesh Ambani-led company on Thursday announced that it is setting up a Rs 5,000 crore fund, under the name of Jio Digital India Startup Fund, to invest in digital businesses. According to analysts, the fresh inflow of funds as and when it happens, might just help in re-igniting investor sentiment in the country.

Bajaj Auto on Friday reported a five per cent decline in its total sales at 3,25,347 units in August as against 3,41,965 in the same month a year ago.

Motorcycle sales during the month fell by four per cent to 2,79,911 units as against 2,90,436 units in August last year, the company said in a BSE filing.

Infrastructure major Larsen & Toubro (L&T) on Friday said its construction arm has bagged orders worth Rs 1,458 crore across business verticals.

"The construction arm of L&T has won orders worth Rs 1,458 crore across its various business segments," the company said in a BSE filing.

State-run BHEL on Friday said it has commissioned the fourth and last unit of the 4x40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal.

A run-of-the-river greenfield project located in Darjeeling district of West Bengal, Teesta HEP has been set up by NHPC Ltd, on the River Teesta, BHEL said in a release.

Aravali Power Company Pvt Ltd (APCPL) located in the Jhajjar district of Haryana, owned and operated by NTPC, has issued a notice to Reliance Infrastructure's distribution companies (discoms) in New Delhi for non-payment of dues. It has threatened to cut off 445 mega watts (Mw) of power supply if the payment is not made before the coming Monday.

The notice said BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) have been irregular in payment of their energy bills to NTPC. The total amount owed is Rs 961 crore — Rs 695 crore & Rs 266 crore by BRPL and BYPL, respectively.

Healthcare major Apollo Hospitals Enterprise on Thursday reported a 17.52 per cent decline in standalone net profit to Rs 72.17 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 87.51 crore during April-June quarter of the previous fiscal, Apollo Hospitals said in a BSE filing.

MUMBAI: The benchmark BSE Sensex spurted over 66 points to 28,518.53 and NSE Nifty reclaimed the 8,800-mark in early trade on Thursday on continued buying by foreign funds and retail investors even as economic growth slowed to 7.1 per cent in the April-June quarter.

The 30-share index, which had gained 669.92 points in the previous three sessions, was up by 66.36 points, or 0.23 per cent, to 28,518.53 with the sectoral indices led by auto, FMCG and banking were trading in positive zone.

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