Ten captive coal mines with total annual production capacity estimated at 106 million tonnes (mt) would have translated into assured fuel supply for thermal power giant NTPC. However, despite being at several levels of clearance and approvals for years, none of these is operational.

NTPC lost five of its mines allotted to it in a Supreme Court judgment dated August 2014. The judgment cancelled all coal block allocations made over two decades. Chatti-Bariatu & Chatti-Bariatu (South), Kerandari in Jharkhand, Dulanga in Odisha and Talaipalli in Chhattisgarh were re-allocated to NTPC last year in an e-auction.

Infosys has rallied 8% to Rs 1,268, also its record high on the BSE in early morning trade after India’s second-largest information technology (IT) services firm forecast strong revenue growth of 11.5%-13.5% in consent currency (CC) in the current fiscal.

In dollar terms, the company expects revenue to grow between 11.8% and 13.8% for the fiscal year ending March 31, 2017, Infosys said in a statement.

Gold prices surged by Rs 180 to Rs 29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers amid wedding season demand.

Silver also edged up by Rs 50 to Rs 38,700 per kg on higher demand from industrial units and coin makers.

Indian Railways has withdrawn the 10 percent port congestion surcharge with immediate effect in order to attract imported freight traffic including containers, coal, iron ore etc (which are presently diverted to road). The decision, first announced in this year’s Railway Budget, is one of the significant steps in the direction of rationalisation of freight rate structure initiated by the Railways.

This was a pending demand of the ministries of shipping and ports, steel, container operators and other industries. “The move will be a big boost to national industrial growth. The surcharge withdrawn was 10 percent on basic freight and its withdrawal will generate additional incremental traffic,” said the Ministry of Railways in a press release.

As the Kashmir Valley observed shutdown for the fifth day on Saturday, the State High Court asked the police to explain the detention of the Handwara girl, whose alleged molestation sparked violent protests that left five civilians dead, and that of her father and an aunt.

A bench, comprising Justice Muzaffar Hussain Attar, not only issued a notice to the police to file an objection to a petition filed by counsel of the girl's mother, but also directed that the detained girl "be produced before the nearest court of Chief Judicial Magistrate or Judicial Magistrate".

Indian cricket team captain M S Dhoni has resigned as brand ambassador of realty firm Amrapali, days after the unhappy residents of a housing project in Noida launched a social media campaign asking the cricketer to dis-associate himself from the builder.

“Dhoni is no longer our brand ambassador… I do not want his image to be affected because of being attached to Amrapali,” company Chairman and Managing Director Anil Sharma told PTI.

US grand jury has slapped two companies of India's Tata group - Tata Consultancy Services (TCS) and Tata America International Corp - with a $940 million fine in a trade secret lawsuit filed against them.

After days of hearing, the federal grand jury in the US State of Wisconsin ruled that Tata Consultancy Services Ltd and Tata America International Corp must pay $240 million to Epic Systems for ripping off its software.

Apollo Hospitals has entered into a tie-up with Google in providing health information as part of the search engine's launch of Health Card in India.

Health Card, introduced in the US last year, provides a person with basic information about a disease on the Google search engine presented in a layman's terms - like its prevalence, symptoms and diagnosis.

A powerful 7.3 magnitude earthquake struck southern Japan early on Saturday, killing at least 19 people, injuring hundreds more and trapping people in collapsed buildings, barely a day after a quake killed 10 people in the same region.

Rescuers dug through the rubble of collapsed buildings and mud and debris on Saturday to try and reach those trapped, but continued aftershocks hindered rescue efforts and fuelled fears of more powerful quakes. "We have already seen of several of the mid to upper 5 plus magnitude range, and over the next several days and weeks, we would not be surprised to see more earthquakes of this size," said John Bellini, a geophysicist with the US Geological Survey (USGS).

Mahindra & Mahindra expects tractor sales to grow in double digits this year, if monsoon forecasts are proved right. The company, which met analysts earlier this week, said that tractor sales could grow 10 per cent in FY17, if the rainfall is normal this season. The tractor segment, which has declined for two consecutive years, could see some recovery due to pent-up demand in the system. Tractor sales have declined 13 per cent in FY15 and 10 per cent in FY16. Emkay Global, in a note, says: "After a successful launch of the Arjun brand tractors in the 50+hp range, the management is hopeful the recent launch of the 30-50 hp Yuvo range should further help market share."

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