The Telegraph
Wednesday, February 21, 2018
 

Business

Coal-for-sale mining gets nod

First published on 21-Feb-2018
The government on Tuesday allowed private players to commercially mine coal and sell it in the market without any restrictions on price and end-use, paving the way for the entry of giants such as BHP, Rio Tinto, Glencore, and AngloAmerican and end......   | Read..
 

Largest miner sees no threat

First published on 21-Feb-2018
The decision of the government to open up coal-mining to the private sector is unlikely to be an immediate cause of concern for Coal India. The country's largest coal producer has long-term fuel su......   | Read..
 

RBI spills beans on early warning

First published on 21-Feb-2018
The Reserve Bank on Tuesday said it had warned banks thrice since 2016 against the possible misuse of inter-bank electronic message transfer tool SWIFT that is at the root of the alleged Rs 11,400-......   | Read..
 

BSNL recovery drive a success

First published on 21-Feb-2018
Bharat Sanchar Nigam Ltd is making headway in its efforts to bring down unpaid dues through a nationwide recovery drive....   | Read..
 

Growth replay on software screen

First published on 21-Feb-2018
India's software services exports will see a revenue growth of 7-9 per cent in constant currency terms in the coming financial year, a leading lobby group forecast on Tuesday, as the industry conti......   | Read..
 

Rating alert for PNB

First published on 21-Feb-2018
International rating agencies Moody's Investor Service and Fitch Ratings on Tuesday warned scam-hit Punjab National Bank (PNB) of rating downgrades, citing likely net worth erosion and widening los......   | Read..
 

Experts queer pitch for Essar bidders

First published on 21-Feb-2018
Bids by ArcelorMittal and a consortium led by Russia's VTB Group to acquire debt-laden Essar Steel are said to have been recommended for rejection by the advisers evaluating the offers, sources pri......   | Read..
 

I-T attaches 11 bank accounts of Rotomac in tax evasion case

First published on 20-Feb-2018
The Income Tax Department has attached 11 bank accounts of the  Rotomac  group and its promoters in a tax evasion investigation....   | Read..
 

Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

First published on 20-Feb-2018
Fitch on Tuesday placed Punjab National Bank on 'Rating Watch Negative' (RWN), reflecting a possibility of downgrade following the $1.77 billion fraud....   | Read..
 

North Block's PNB poser to RBI

First published on 20-Feb-2018
The finance ministry has sent a letter to the RBI, asking it to explain the lacunae in its system that allowed the alleged Rs 11,400-crore PNB fraud to go undetected for seven years....   | Read..
 

Debate over govt stake in banks

First published on 20-Feb-2018
Industry is pitching for the privatisation of state-owned banks as the government's recapitalisation efforts have had little impact in improving their health....   | Read..
 

Bhushan bid hurts Tata Steel stock

First published on 20-Feb-2018
Shares of Tata Steel on Monday slipped almost 6 per cent after the company emerged as the front-runner to acquire debt-laden Bhushan Steel....   | Read..
 

UCO to sell more bad assets

First published on 20-Feb-2018
Saddled with impaired assets worth Rs 25,382 crore, UCO Bank has put on sale 20 non-performing accounts with an outstanding balance of Rs 423.30 crore....   | Read..
 

Canada seeks funds

First published on 20-Feb-2018
Canada wants Indian companies to invest in the infrastructure sector of the North American country....   | Read..
 

SGX to list new Nifty products

First published on 20-Feb-2018
The Singapore Stock Exchange on Monday said it would list successor products to its Nifty index derivatives before the expiry of its licence agreement with the NSE in August this year....   | Read..
 

Telecom relief call

First published on 20-Feb-2018
The Union cabinet is likely to decide next month on the relief package for the telecom sector, based on the recommendations of an inter-ministerial group, including giving more time to operators to......   | Read..
 

Job loss shock in manufacturing

First published on 20-Feb-2018
Contractual workers and casual labourers are among the worst hit during the April-June quarter of the current fiscal with manufacturing reporting 87,000 job losses, said a labour ministry survey....   | Read..
 

Winsome rerun in diamond debacle

First published on 19-Feb-2018
The parallels between the Nirav Modi-case and Winsome Diamonds - the original diamond headache of banks - are not hard to miss. Both are owned by high-profile diamond merchants who fled the country......   | Read..
 

Sharp rise in PNB bad loans

First published on 19-Feb-2018
Scam-hit Punjab National Bank has seen nearly a 23 per cent jump in the amount which wilful defaulters owe it, with loan outstanding of Rs 25 lakh and above, in just over eight months ended January....   | Read..
 

Sleuths scan shell firms

First published on 19-Feb-2018
At least 200 shell firms and "benami" assets have come under the scanner of the investigative agencies that are probing the Rs 11,400-crore alleged fraud at Punjab National Bank, involvin......   | Read..