KOLKATA: State-run Coal IndiaBSE -4.66 % plans to change its e-auction supply strategy to bump up price realisation, which has dipped on account of abundance of the fossil fuel in the domestic market and availability of cheap imported coal. For the world's largest producer of the fossil fuel, the fall in realisation per tonne ofcoal comes at a time when it is already facing a rise in input costs and salary bills.

To check money laundering through stock markets, top stock exchange BSE has asked its members to report on a monthly basis details of the STRs (Suspicious Transaction Reports) submitted to the government's Financial Intelligence Unit (FIU).

Asking the members to ensure compliance at the earliest, the exchange said in a circular that the trading members are required to submit the data through a specific FIU-STR module of the online gateway BSE Electronic Filing System (BEFS).

Coffee Day Enterprises, which runs the country's biggest coffee chain Cafe Coffee Day, has received markets regulator Sebi's go-ahead to raise Rs 1,150 crore through initial public offering (IPO).

The firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker Kotak Mahindra Capital Company Limited on June 26 this year.

Mercedes-Benz India is expected to launch the AMG C 63 S in India on September 3. This will be the tenth AMG powered model to roll out in India, and the 11th model to go on sale in the country, under the '15 in 15' company strategy.

In India, the powerful sibling of the C-class sedan will be powered by the 4.0-litre twin-turbo V8 engine, good for 503 bhp and 71.4kgm of torque.

L&T Finance Holdings plans to sell a 3.5-4 per cent stake to private equity (PE) investors and raise about Rs 1,000 crore as capital to fund growth in the next two years.

The L&T group’s financial services arm expects to complete the process this financial year.

State-run Oil and Natural Gas Corporation (ONGC) and its partners, Cairn India and Tata Petrodyne are at loggerheads over the payment of cess and royalty at its CB-OS/2 block in the Gulf of Cambay, off western coast of Gujarat. The block includes the Lakshmi and Gauri fields.

The consortium is led by Cairn Energy, having participating interest of 40%. ONGC, the licensee, has 50% participating interest and Tata Petrodyne Limited 10% in the block.

It is a make-or-break year for Tata Motors' passenger car business. The company is undergoing a makeover after having steadily lost market share to rivals over the years.

Tata Motors is now the country’s fifth-largest car maker, from the third largest a decade ago. The diminishing number of new Tata-badged cars on the roads has begun to shake the confidence of even diehard fans.

Shares of information technology (IT) companies were trading higher following gains in U.S. equities as strong homebuilder data added to signs of an improvement in the world’s biggest economy.

Infosys, Tata Consultancy Services (TCS), Mindtree, Wipro, Tech Mahindra and HCL Technologies were up 1%-3% each on the National Stock Exchange (NSE).

When Arundhati Bhattacharya took charge as chairman of State Bank of India (SBI) in October 2013, the country's largest lender had more than Rs 65,000 crore of non-performing assets (NPAs). The number, which was 5.64 per cent of its total advances, was bigger than the loan book of some private sector banks. To make matters worse, a currency crisis had unfolded in mid-2013, which prompted the central bank to reverse its interest rate stance, as a result of which treasury books of banks were bleeding.

Reliance Communications Ltd, India's fourth-biggest mobile phone carrier, said it had received non-binding bids from a number of interested buyers for the sale of a majority stake in Reliance Infratel, its tower unit.

Reliance Communications' shares jumped more than 4% after the announcement.

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