Power sector coal import comes down by 40%

New Delhi (IANS) The coal ministry on Thursday said that coal imports, which had reached a peak of 248 million tonne (MT) in 2019-20, declined continuously during the next two years to 215 MT in 2020-21 and further to 209 MT in 2021-22.

"The…

Banks raise lending rates: Here's what realty experts have to say

New Delhi (IANS) Close on the heels of the Reserve Bank of Indias (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised…

Margin of cement companies to remain under pressure in Q1FY23: Centrum Broking

New Delhi (IANS) Cement companies are expected to witness lower volume sequentially in Q1FY23 as the demand had slowed down in May ahead of monsoon, said brokerage house Centrum Broking.

Coal prices are expected to be at elevated levels and…

India aims to cut power output from 81 coal plants, replace green energy

New Delhi (IANS) India plans to reduce power generation from 81 thermal coal-fired plants over the next four years, as part of its efforts to switch to clean energy sources and cut carbon emissions, according to a letter seen by S&P Global Commodity…

Indices decline in opening session, Q4 GDP numbers in focus

New Delhi (IANS) Indian equity benchmark indices were lower in opening deals on Tuesday ahead of the release of India's gross domestic product (GDP) numbers for the fourth quarter of fiscal FY22.

Investors await GDP figures to gauge fresh…

LIC Q4 net profits down 17% YoY, announces Rs 1.5 dividend for FY22

New Delhi (IANS) State-run insurance major Life Insurance Corporation of India (LIC) reported a consolidated net profit of Rs 2,409 crore during Q4FY22, down 17 per cent year on year from the same quarter of previous fiscal.

The insurance company's…

Byju Raveendran set to focus on global biz as India edtech market shrinks

New Delhi (IANS) Edtech leader BYJU's is in for a big change with its Founder and CEO Byju Raveendran set to focus his energies on global operations, especially in the US, as the Indian online edtech market shrinks considerably with schools, colleges…

Amazon in self-serving act to destroy FRL at any cost, say FRL independent directors

New Delhi (IANS) Amazon caused the downfall of Future Retail Limited (FRL) when it could not buy its assets on the cheap, placing FRL now on the brink of bankruptcy, the independent directors of FRL have said.

In a reply to Amazon, the directors…

Momentum with markets: Expect further upmove

Markets continued their choppy and volatile manner during the week gone by. The end result was quite straight forward with the first three days of trading resulting in losses and the remaining two days seeing the market record gains. In reality it…

TN retail outlets not to buy fuel from OMCs on May 31 in protest

Chennai (IANS) Fuel outlets in Tamil Nadu have decided not to purchase fuel from Oil Marketing Companies on May 31 in protest of the sudden reduction in prices by the Union government.

Tamil Nadu Petroleum Dealers Association in a statement…