NTPC Ltd, which operates three coal-fired power plants in Odisha with installed capacity of 3460 Mw, said it has no coal supply problems from coal miner Mahanadi Coalfields Ltd (MCL).

"We have enough stocks to run our plants. There is no coal supply issues as of now," said an official of NTPC looking after Odisha plants.

Axis Bank, the country’s third-largest private sector bank, has reported a 18 per cent rise in net profit to Rs 1,667 crore in the April-June quarter as compared to Rs 1,409 crore in the same quarter of the previous financial year, aided by higher net interest income and lower provisions. The net profit was in line with the Street estimates as a Bloomberg consensus estimate for the bank’s net profit was Rs 1,689 crore.

A dividend bonanza from India's largest information technology company Tata Consultancy Services will come in handy for Tata Sons as it steps up investment in group companies. In the past three months, Tata Sons received nearly Rs 9,400 crore in dividends from TCS, almost twice its revenue in 2013-14.

The cash will help Tata Sons fund the acquisition of NTT Docomo's stake in Tata Teleservices, the upcoming rights issue of India Hotels and the investment in its venture with Singapore Airlines.

Even as it talks about industry-friendly reforms, the labour ministry has signed a clutch of agreements with its own autonomous bodies, including the Employees Provident Fund Organisation (EPFO), to improve deliverables and benefits to workers.

Other than EPFO, the labour ministry has signed memoranda of understanding (MoUs) with the Employees’ State Insurance Corporation (ESIC), the Directorate General of Mines Safety (DGMS) and the Directorate General of Factory Advice Service and Labour Institutes. Mint has reviewed copies of the agreements.

Mumbai: L&T Infrastructure Finance Co. Ltd will venture into non-infrastructure segments and offer working capital loans as it transforms into the role of a wholesale lender, chief executive G. Krishnamurthy said.

The company is promoted by L&T Finance Holdings Ltd, a subsidiary of Larsen & Toubro Ltd, India’s largest engineering company.

Bse Sensex is set to open higher on Tuesday, heading towards their sixth consecutive day of gains, tracking strength in global stocks and continued foreign investor buying.

NSE index futures traded on the Singapore Exchange rise 0.37 percent, while the MSCI-Asia Pacific excluding Japan index gains 0.42 percent.

To facilitate divestment by erstwhile promoters of MCX, Sebi has relaxed lock in period for such stake sale in the commodity bourse.

Sebi has allowed Financial Technologies to bring down its stake to 1.99 per cent in MCX.

State-owned Oil and Natural Gas Corporation (ONGC) is one of the most valuable companies in the country, with annual revenue of Rs 83,889 crore and net profit of Rs 22,094 crore.

Those numbers do not present the full picture. To insulate consumers from the full impact of high international crude oil prices, the government controls the retail selling prices of diesel, kerosene and liquefied petroleum gas. It uses the cash generated by ONGC and other upstream (exploration and production) companies to compensate the underrecoveries for oil marketing companies, also government-owned.

HDFC Bank, India’s second-largest private lender, on Monday said its net profit for the quarter ended June stood at Rs 2,233 crore, an annual rise of 21 per cent, the least in a decade. Higher interest income and lower provisions aided the bank’s earnings growth during the quarter.

This was the fourth consecutive quarter when the annual rise in HDFC Bank’s quarterly profit after tax was below 30 per cent. The rise in the bank’s quarterly net profits had exceeded 30 per cent (year-on-year) for about a decade, till the first quarter of 2013-14.

Idea Cellular, India’s third largest telecom operator by subscriber base, has reported a 57 per cent jump in profit after tax at Rs 728 crore in the quarter ended June, beating analysts’ estimates. The company’s profit increased on the back of higher call rates and a 11.5 per cent growth in data usage.

In June 2013, Idea had reported profit after tax of Rs 462.7 crore.

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