Proceeds from auction of mines to go to states; commercial mining to be considered later
Benchmark indices post biggest single-day gains in a week; rupee rises on strong buying
In violation of Group Insurance Guidelines, Rs 204 cr was paid by SBI Life to 14 Master Policy Holders
The bank, in a statement, said the size of its Basel-III-compliant AT-I bonds was Rs 1,500 cr, with an option to retain over-subscription up to Rs 1,000 cr
The rupee ended at 61.36 to the dollar, compared with the previous close of 61.44. During intra-day trade, it touched a high of 61.18
The Reserve Bank of India (RBI) and the Forward Markets Commission are meeting next week to consider the proposal
Government has also decided to keep foreign companies out of the auction process
The Rangarajan formula would have increased the price to $8.4 per mBtu against the current $4.2 per mBtu
This despite security breaches resulting in business losses
According to industry estimates, about Rs 3 lakh-crore bank funding is stuck in several companies, which are into infrastructure development, due to deallocation of the coal blocks by the apex court
Party says will do course correction, find new leadership in states
Holds meeting to finalise bill on the issue, but says workers' participation should be voluntary for industry, not statutory