Coal India to import for first time in years as power shortages loom

State-run Coal India, the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages raise concerns about renewed power outages. It would be the first time since 2015 that Coal India has imported the fuel, highlighting … Read more

Spared no effort in serving nation in last 8 years, says PM Modi in Rajkot

Prime Minister Narendra Modi on Saturday said he has spared no effort while serving the country in the last eight years, and not done any such work that would make people hang their heads in shame. Modi was addressing a gathering after inaugurating a 200-bed multi-specialty hospital at Atkot town … Read more

India-Myanmar border trade to resume soon after being shut for two years

More than two years after closure of the India-Myanmar trade, the bilateral business through Manipur’s Moreh-Tamu border would resume soon, officials said on Friday. The official trade through the Moreh Integrated Check Post (ICP) has been closed since March 2020 after the Covid-19 pandemic outbreak. The External Affairs Ministry’s Border … Read more

Special CBI court sentences ex-Haryana CM Chautala to four years in prison

The Special CBI Court of Delhi sentenced former Haryana Chief Minister Om Prakash Chautala to four years imprisonment in a disproportionate assets (DA) case. The court also imposed a fine of Rs 50 lakh on the former chief minister. Special Judge Vikas Dhull also directed the authorities concerned to confiscate four … Read more

Wholesale leader on facing the “worst years for mortgage banking”

For Homepoint, this adjustment has happened well in advance. “Back in 2018, we felt like wholesale was going to win,” said Newman, who recalled how Homepoint backed up this intuition with significant research, allowing the company to be better equipped for the volatility of today’s market compared to large retail lenders. “We now have irrefutable … Read more

Indian Hotels share: After rough two years, do calmer times await Indian Hotels’ shareholders?

IHCL is the market leader in terms of properties, the number of rooms, RevPAR and industry experience. Synopsis Indian Hotels Company Ltd (IHCL), owned by the Tata group, is a pioneer in luxury hotels. In 1903, the group started the iconic hotel that is today called The Taj Mahal Palace. The group now has more … Read more

Nadda meets union ministers to discuss plan to mark 8 years of Modi govt

BJP president J P Nadda on Wednesday deliberated with Union ministers on the party’s planned outreach exercise to mark eight years of the Narendra Modi government. The meeting also discussed details of the ministers’ visits to different parts of the country as part of the exercise. … Read more

PowerMin announces second special scheme in two years to clear discom dues

For the second time in two years, the union ministry of power has notified a scheme for the power distribution companies (discoms) to defer their dues towards the power generating companies (gencos). With the dues of the discoms touching a record high of Rs 1 trillion, the ministry has proposed a scheme … Read more