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Coal blocks

New Delhi, June 29: The environment ministry today cleared six coal blocks, including five in no-go areas, for three major power plants in Orissa. “All the six coal blocks are part of the IB Valley coalfield and only one (Meenakshi-A) is in the ‘go’ area, the other five being in ‘no-go’ areas,” environment minister Jairam Ramesh said in a statement clearing the coal blocks linked to UMPP, NTPC and OPGC power plants.

BankAm move

New York, June 29: The Bank of America will set aside $14 billion in one of the biggest settlements of investor claims in relation to the losses suffered during the US financial crisis of 2008. The settlement and charges related to other mortgage-related matters is expected to push the bank into a net loss of $8.6-9.1 billion in the second quarter of 2011.

Infy results

Bangalore, June 29: Infosys Limited will announce its results for its first quarter ending June 30, 2011 on July 12, the firm said in a statement.

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