COMPANIES & SECTORS


With adequate cash reserves, it is time NLC management starts to think in terms of developing its own coal resources by expansion through additionally imported, advanced equipment, and generate more power   Press reports show that the Neyveli Lignite Corp (NLC) held its 58th annual...

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Moneylife Digital Team 01 October 2014
Kingfisher Airlines said it obtained a stay from Calcutta High Court against United Bank of India's decision to declare the carrier as 'wilful defaulter   Vijay Mallya-controlled Kingfisher Airlines on Wednesday said it obtained a stay from Calcutta High Court against United Bank of...

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Moneylife Digital Team 29 September 2014
According to the Commerce Ministry, nine developers of these SEZs have to refund the duty benefits availed by them   The Indian government has cancelled approvals of nine special economic zones (SEZs) citing unsatisfactory progress by the developers for executing of the projects. This...

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The new unit cost per tonne of mined coal is going to be higher than the previous method, but would still be a lot cheaper than imported coal or obtaining supplies from Coal India. Also in the e-auction, govt need to consider giving a right of first refusal to present block owners  

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Naveena Sadasivam (ProPublica) 26 September 2014
US Department of Labor investigations have uncovered hundreds of cases in which oil and gas workers, many involved in dangerous jobs, are being cheated of earnings   A ProPublica review of U.S. Department of Labor investigations shows that oil and gas workers – men and women often...

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Moneylife Digital Team 25 September 2014
Smaller power and steel companies, whose profitability was largely driven by the now cancelled coal blocks, have debt of around $10 billion and would face bigger challenges, while servicing these debts, says Nomura   The Supreme Court on Wednesday cancelled all but four coal block...

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Moneylife Digital Team 25 September 2014
The union government is preparing a roadmap for identifying PSUs not capable of revival and for closing them down after giving benefit of VRS to its employees   The Indian government has started the process to revive five out of 11 sick public sector units (PSUs) and would form a...

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Moneylife Digital Team 24 September 2014
In the past, Iran has threatened to cancel award of Farsi block but has not carried out those threat as it cannot get any credible international oil company to invest until the western sanctions are eased   In a bid to pressure India to invest in a Persian Gulf gas field, Iran has put...

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Moneylife Digital Team 23 September 2014
During FY2014, Bilcare added Rs685 crore as fixed assets under tool & equipment, which is about 20% of the company's total assets, even as its sales tumbled 45% and the company reported a loss of  Rs121.5 crore   Pune-based Bilcare Ltd, which once counted ace investor and trader...

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Coal India need to honour the commitment given to power producers by supplying them coal first and only resort to e-auction of any excess production   The Cabinet Committee on Economic Affairs wants Coal India Ltd (CIL) to complete the 172 FSAs (fuel supply agreements) so as to cover...

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N Madhavan 18 September 2014
With its ample sunshine, India could easily add power generation capacity by using more solar energy and less fossil fuels.   Among the fresh bright minds that Rajiv Gandhi brought into government in the first flush of his landslide victory was PS Deodhar, who was appointed technology...

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Moneylife Digital Team 18 September 2014
Finding Mallya prima-facie guilty of fraud and criminal breach of trust, The Bulandshahr Magistrate Court summoned the Kingfisher Airlines' chief along with the company vice chairman Roopi Arya   A Court in Bulandshahr has summoned Vijay Mallya, chairman-cum-managing director of now...

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It may be a good idea for the Indian government to intervene and work out a uniform proposal for cane price in UP, similar to the linkage formula already in operation in Maharashtra and Karnataka   The new sugar cane crushing season is scheduled to start in about two weeks' time. Most...

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Moneylife Digital Team 12 September 2014
With car sales recording a volume growth of 15% and two-wheelers continuing their upward march with 19% higher sales during August, the beginning of this year's festival season has brought cheers to the Indian auto industry   August 2014 proved to be a splendid month for Indian auto...

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Moneylife Digital Team 11 September 2014
Besides Dayanidhi and Kalanidhi Maran, the CBI has named Malaysian business tycoon T Ananda Krishnan in the Aircel-Maxis deal case   The Central Bureau of Investigation (CBI) on Thursday told a special court that in 2006 Dayanidhi Maran, the former minister for telecom "pressurised"...

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Moneylife Digital Team 10 September 2014
A Consortium of 22 banks led by SBI will soon release Rs650 crore to ABG Shipyard under a Rs10,000 crore CDR deal   ABG Shipyard Ltd, which is under corporate debt restructure (CDR) scheme, will receive Rs650 crore from lenders by this month-end as part of the Rs10,000-crore debt...

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Moneylife Digital Team 10 September 2014
According to SIAM, Indian auto industry on the road to a slow but sure recovery     Domestic passenger car sales grew 15.16% to 1.54 lakh units during August 2014 compared with 1.34 lakh units in the same month of 2013.   According to the data released by the Society of Indian...

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The government has no plans to come to the aid of the overtaxed, loan-burdened, distressed and non-profit making domestic airlines sector   At a press conference, Civil Aviation Minister, Ashok Gajapathi Raju, emphatically stated that the Indian government has no plans to come to the...

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Moneylife Digital Team 09 September 2014
After a day-long hearing on the consequences of its earlier decision, the Supreme Court reserved its verdict in the coal block allocation case   The Supreme Court on Tuesday reserved its order in the coal block allocation case. However, it has not announced a date for when it will...

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Moneylife Digital Team 09 September 2014
Development Commissioners have recommended to the Board of Approval (BoA) to cancel these SEZ projects as no work has been done by these companies   The Indian government is likely to cancel the approvals granted to nine companies including Hindalco Industries, Essar and Adani for...

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