KOLKATA: Successive governments can't help but salivate on the near Rs 60,000 crore of cash & bank balance that Coal India carries in its consolidated balance sheet. They have time and again asked the world's largest coal producer to part with the money in form of hefty dividends. But a closer look at the accounts will show that at present Coal India is left with some Rs 20,000 crore only as actual cash balance including some Rs 8,000-Rs 9,000 crore for working capital after paying dividend this year.

Amid a huge controversy over loan defaults by Vijay Mallya-led UB Group firms, regulator Sebi plans to choke fund-raising taps for 'wilful defaulters' while fund-raising norms are set to be made easier for start-ups as part of wide-ranging reforms in capital markets.

The proposed moves, likely to be discussed by the Sebi board tomorrow, are aimed at safe-guarding the interest of small investors while deepening the capital market place to provide new products and avenues for institutions, a senior official said.

Jobs in the Indian IT sector are likely to remain stable at least till 2020 as per a report from World Economic Forum (WEF), Parliament was informed on Friday.

"According to a research report from WEF released recently, jobs in India's IT sector are likely to remain stable at least up to 2020," IT and Communications Minister Ravi Shankar Prasad said in a written reply to Rajya Sabha.

The government's move to free gas pricing for undeveloped gas fields in difficult areas will not apply to Reliance Industries' KG-D6 finds unless the Mukesh Ambani firm withdraws arbitration challenging the government's authority to decide rates.

The Cabinet headed by Prime Minister Narendra Modi had Thursday decided that the marketing freedom subject to a cap based on alternative fuel will not be applicable to discoveries that are under litigation or arbitration.

Tata Motors arm TAL Manufacturing Solutions is set to launch its industrial articulated robot named BRABO priced between Rs 4 lakh and Rs 10 lakh in the Indian market.

The company is also eyeing the SAARC markets with its customisable indigenously developed robot that can handle payloads of 2, 5 and 10 kg targeting medium and small enterprises, TAL Manufacturing Solutions said in a statement.

Country's largest private sector lender ICICI Bank Thursday launched a credit-linked subsidy scheme for home loans under Pradhan Mantri Awas Yojana (PMAY).

Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar house of the family by paying significantly lower equated monthly installments (EMIs), ICICI Bank said in a statement.

Maruti Suzuki's has missed its set date for entering the light commercial vehicle (LCV) segment as activism against diesel continues unabated.

The country's largest car maker was to launch a mini truck, which it has been developing since 2013, before March 31, but will now launch it in the coming year.

Global technology giant Microsoft is betting big on India's 40 million strong small and medium business (SMB) base for the next level of growth in the country, with its 'mobile first' solutions.

With the country moving ahead with 3G and 4G technology and most small businesses taking a smartphone first approach, Microsoft believes that it is in a much better position to cater to these SMBs in different parts of the country.

HDFC Bank has shortlisted five start-ups that it will work with to strengthen their web, mobile and payment offerings. The company shortlisted five out of the 30 applications it had received in its maiden Digital Innovation Summit, it said on Thursday.

The five companies shortlisted were Senseforth Technologies, an AI customer response system, Tagnpin, a marketing and customer engagement company, Safe 2 Pay, a point of sale-free payment system, Bugclipper, in-app feedback tool and Taptis Technology, a biometric payment company.

MUMBAI: The rupee edged higher by 8 paise to 67.13 against the US dollar in early trade on Thursday at the Inter-bank Foreign Exchange market on increased selling of the US currency by exporters and banks.

Besides, sustained foreign capital inflows gave the rupee some muscle, dealers said.

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