As it plans to double its output, Coal India Limited is faced with a major human resource crisis, a recent organisation-wide study has revealed.

The company fears staff poaching once mining in auctioned blocks begins, and its ranking among its PSU peers is lowest in key HR parameters.

The benchmark BSE Sensex recovered over 455 points to cross 26,000 level in early trade, while NSE Nifty crossed the 7,900 mark on short covering by participants on expiry of derivatives contracts and strong global cues.

The 30-share barometer spurted by 455.73 points, or 1.77%, to 26,170.39. On Wednesday, it had lost 317.72 points.

Larsen & Toubro today said power transmission and distribution business of L&T Construction has bagged orders worth Rs 864 crore from Qatar General Electricity and Water Corporation ‘KAHRAMAA’.

“The power transmission and distribution business of L&T Construction has won a prestigious order in the Middle East from Qatar General Electricity and Water Corporation ‘KAHRAMAA’ worth QAR (Qatari Riyal) 491.45 million (Rs 864 crore),” Larsen & Toubro said in a BSE filing.

Largest private lender ICICI Bank today launched the country's first mortgage guarantee-backed home loan product that will expand the credit amount and increase the tenure for an additional fee as well.

It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years, MD and CEO Chanda Kochhar told reporters here.

Calcutta, Aug. 25: SBI General Insurance, which had suffered a loss of Rs 105 crore in 2014-15, expects to break even this financial year.

Bhaskar J. Sarma, managing director and chief executive officer of SBI General Insurance, today said the company was targeting a premium collection of Rs 2,400 crore against Rs 1,600 crore last year with an increased focus on health insurance. "We are also expecting to break even this year," he added.

Mumbai, Aug. 25: The RBI has approved an extension of the term of Rana Kapoor as the managing director and chief executive officer of Yes Bank for three years.

"Pursuant to approval of the board of directors and the approval of shareholders at the 11th annual general meeting (AGM) held on June 6, Yes Bank has received approval from the RBI for the re-appointment of Rana Kapoor as MD & CEO for a period of three years," the bank said in a statement.

A tripartite agreement between the Reserve Bank of India (RBI), the Union government and the state governments, which provided comfort to power producers against payment defaults by state electricity boards (SEBs), will lapse in October 2016 and there is no certainty that a replacement would be ready in time.

Under the existing agreement, any state defaulting on dues owed to power companies risks a deduction from its annual transfers; so far this clause has not been invoked as the threat of a deduction has ensured timely payments by SEBs, which are weighed down by $3 trillion in accumulated losses.

Chennai: Ashok Leyland Ltd, the country’s second largest commercial vehicle manufacturer, expects to double its revenue from exports in the next five years.

A week ago, soon after the company announced better-than-expected earnings in the June quarter, Gopal Mahadevan, its chief financial officer, said the firm will improve its revenue from exports to one-third of total revenue from the current 15% in the next three-five years.

Bengaluru: Infosys Ltd will appoint Krish Shankar, head of human resources at Philips India Ltd, as its global human resource (HR) head, a post lying vacant since April this year.

Shankar’s appointment reflects chief executive officer (CEO) Vishal Sikka’s desire to help transform the workforce at the country’s second largest software exporter, especially since Shankar has not worked in an information technology (IT) firm in his three-decade career.

Lenovo has launched A2010, a budget smartphone priced in India at Rs. 4,990, that will be available exclusively via eCommerce store Flipkart. Registrations for the first flash sale of the smartphone is open from Aug 19, 12:00 PM till Sep 03, 11:00 AM.

The smartphone features a 4.5-inch display, powered by a MediaTek MT6735m 64-bit quad-core 1 GHz processor, 1GB RAM, and 8GB internal memory which can be further expanded. It also comes with a 5 megapixel rear camera with a flash, 2 megapixel front camera and runs on the latest Android 5.1 Lollipop OS.

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