New Delhi: The Indian Space Research Organisation (Isro) on Monday began the 48-hour countdown for the launch of 20 satellites, weighing a combined 1,288kg.

The satellites will be launched by the national space agency’s workhorse rocket, Polar Satellite Launch Vehicle PSLV-C34, at 9:26am on Wednesday from the Satish Dhawan Space Centre in Sriharikota.

About 30,000 villagers in Hazaribagh district in Jharkhand may lose their land if the National Thermal Power Corporation (NTPC) goes ahead with its plans to acquire nearly 17,000 acres for its coal mining project.

The project, which will affect about 32 villages in the Keredari and Barkagaon block, has met with strong opposition. Villagers alleged that the NTPC authorities had not discussed the issue with them and instead sent “agents” to strike a deal. The NTPC authorities denied the allegation.

Raghuram Rajan’s decision to not take up a second term at RBI will cause immediate near-term impact and is negative for the Indian rupee and equity markets, but this not the end of the ‘India story’, says CLSA India Strategist, Mahesh Nandurkar.

In a report titled, “Rajan exit”, CLSA India credits the Narendra Modi government for playing a vital role in containing inflation in the Indian economy. “Undoubtedly, Rajan has played a big role in building India’s credibility among the international investment community and his exit would disappoint many investors.

Reserve Bank of India (RBI) governor Raghuram Rajan, who will end his tenure on September 4, leaves his imprint on the new loan agreements that banks are sewing with companies to make lending practices tougher.

With the historic asset quality review (AQR) increasing the bad loans of all banks, the State Bank of India (SBI) has decided to introduce new screws to tighten their grip on borrowers.

All eyes are on the domestic equity and money markets on Monday morning as Reserve Bank of India's Governor Raghuram Rajan announced his decision to depart from the post when his term comes to an end on September 4.

The BSE Sensex opened down 0.48% on Monday, and the NSE Nifty was down 0.57% on open but the downside seems to be largely limited as globally, indices were trading above the red line on Monday as Brexit fears ebbed to an extent.

Mumbai: The rupee on Friday closed at a one-week high against the US dollar after the current account deficit (CAD) narrowed sharply due to lower trade deficit.

The currency closed at 67.09—a level last seen on 10 June, up 0.28% from its previous close of 67.28. The local currency opened at 67.22 and touched a high of 67.04 a dollar—a level last seen on 13 June.

After a long and much discussed speculation over whether the Modi government will give a second term to RBI governor Raghuram Rajan, the distinguished banker has himself put a lid to the entire controversy.

Rajan has confirmed to his RBI colleagues that he will be going back to academia after the end of his term on September 4. Rajan in his letter said work on containing inflation, cleaning bank books not over but he has decided to go after 'due reflection' and 'consultation with the government'.

Auto component maker Subros Ltd, which had to halt production at its Manesar plant after a fire broke out last month, on Saturday, said it has resumed full supplies to Maruti Suzuki India (MSI) from the company's other facilities in Noida, Pune and Chennai.

"Further, the company is working on fast-track basis to re-build the Manesar facilities so as to commence production in phased manner," it said.

The AAP on Saturday questioned the centre over what it dubbed the "absurd appointments" made to leading institutes/institutions in the country, saying former cricketer Chetan Chauhan's appointment as NIFT chairman proved its contention.

The Aam Aadmi Party (AAP) also accused the Bharatiya Janata Party-led government of harming the reputation of the premier institutes/institutions by appointing "non-deserving candidates" to top posts.

Coal India has agreed to part with nearly Rs 6,000 crore from its cash reserves of over Rs 38,000 crore for a share buy-back mooted by the finance ministry after ensuring that its capex plans to up production would not be impacted.

Officials in the company said, so far, four of its subsidies has agreed to a share buy-back.

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