PM Narendra Modi sets 100-day action plan, lists priorities for ministers

Prime Minister Narendra Modi, who addressed his second Cabinet meet on Thursday, has issued guidelines and priorities to all his ministers and has set the agenda for the newly formed NDA government.

CCI orders probe against Indian Railways, IRCTC

The Competition Commission has ordered an investigation against Indian Railways and its arm IRCTC for alleged unfair practices related to compulsory sale of food to travellers on some trains and ticket booking.

CBI Chief`s meeting with Union Minister raises political storm

The opposition Bharatiya Janata Party has accused the government of trying to meddle in the affairs of the Central Bureau of Investigation.

Engineer arrested for cheating late Coal India chairman

48-year-old engineer, who was into share business, was arrested for cheating former Coal India Chairman G L Tandon, who died last year, of Rs five crore, police said on Saturday.

Not possible to specify exact amount of coal stolen: Govt

The government on Monday said it is not possible to quantify the exact amount of coal stolen and losses incurred due to pilferage and thefts.

India`s power situation grim, more states hit

Many of the units of the country`s largest power producing utility, the state-run NTPC, have been left with coal supplies for no more than two days.

Power tariff set to increase by 50 paise per unit in Bengal

The coming summer is going to be a cruel one for about 10 lakh power consumers of West Bengal.

Govt to divest 10-15% in Coal India: Jaiswal

The government on Monday said it will
divest 10-15 per cent of its stake in Coal India Ltd (CIL) in
next six months.

CIL buys equipment worth Rs 2,000 cr to improve productivity

State-owned Coal India has bought mining equipment worth Rs 2,000 crore from foreign firms, including Caterpillar and Atlas Copco, to improve productivity of its Chhattisgarh mines.

CIL lowers production target as late clearances delay projects

Coal India Ltd has revised its production target to 486 million tonnes from 520 mt by 2012 as delay in getting environment and forest clearances for some of its projects have affected production.

Rio Tinto, Massey among 9 ready to partner Coal India

The Anglo-Australian mining giant Rio Tinto, the US-based Massey Energy and seven others have evinced keen interest in partnering with the state-run Coal India.

Government to divest 10 percent in Coal India: Chairman

The federal government will divest 10 percent equity in the state-run Coal India next fiscal, hoping to generate USD 8-10 billion, going by the valuation of a comparable Chinese company, a top official said on Thursday.

Coal India pitches for 15% disinvestment

The Country`s largest coal producer, Coal India Limited, has proposed to the government that 15 per cent of the company can be divested.

CIL to move SEBI for selloff guidelines

Coal India will soon approach the
market regulator SEBI seeking clarity on whether the PSU can
issue shares to the employees of its subsidiaries at the time
of disinvestment and the Initial Public Offer.

State IPO push lifts BSNL, Coal India listing hopes

Coal India and telecoms firm BSNL are the prime candidates to list on Indian bourses under the government`s new rules for selling stakes in state firms, but valuations will have to be tempered to attract investors.

Coal India`s production rises 9.9% in Apr-Sep period

Public sector coal producer Coal India Ltd has reported an output of 184.4 million tonnes in the first half of the current fiscal, an increase of 9.9 per cent compared to the year ago period.

Coal India records 20% drop in profit before tax

State-owned Coal India has recorded
about 20 per cent dip in profit before tax in the first half of the current financial year due to wage and salary revision.

Coal India`s EoI for mine acquisitions attracts 52 global cos

The country`s largest coal producer, Coal India, Monday said 52 global companies have expressed interest in partnering with it for acquiring mines overseas, especially in Australia, Mozambique and Indonesia.

Government may sell 15% stake in Coal India

The govt is planning to increase its disinvestment target in Coal India from 10% proposed earlier to 15% as it wants to put a sizeable number of shares in the market and also offer them to employees and farmers displaced by mines.

Empowered committee to consider CIL proposal to invest abroad

Facing severe shortage of coal in the country, the government on Thursday authorised an Empowered Committee of Secretaries for considering Coal India Ltd`s proposal to invest and acquire assets abroad.