Aluminium makers hit by coal shortage, says FIMI Aluminium makers are facing shortage of coal to run their captive power plants which has hit their refinery and smelting operations adversely, according to the Federation of Indian Mineral Industries (FIMI). Captive power plants of aluminium makers are not getting coal even …

State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said. The power sector behemoth also has a plan to list the coal subsidiary subsequently on stock exchanges. “The NTPC …

After 4G mobile services, Reliance Jio on Wednesday started registration for optical fibre based fixed-line broadband service through which it has claimed to offer a download speed of one gigabit per second. “JioGigaFiber. Make your neighbourhood #Gigaready with Gigabit wifi, TV, smart home, free calling and more,” read the registration …

Tata Steel Ltd. CEO and MD T.V. Narendran on Wednesday said the steel sector had been witnessing a positive growth and this trend would continue with improving economic activities across the world. Talking to reporters after hoisting the Tricolour on the occasion of the 72nd Independence Day at Tata Steel …

Union Minister Arun Jaitley said India has sufficient foreign exchange reserves to mitigate any undue volatility in the currency market. His comment comes a day after the rupee fell sharply to breach the 70-mark against the dollar for the first time. In a series of tweets, Mr. Jaitley said that …

State-run lender IDBI Bank, which is set to be taken over by the Life Insurance Corporation of India, may face a capital shortfall in the current financial year, its chief executive officer and managing director B. Sriram said in an address to the employees. “While we have met the capital …

There have been instances wherein individuals and companies have managed to avail tax benefits from the Income Tax Department on the money paid to the Securities and Exchange Board of India (SEBI) to settle matters under the consent mechanism. Entities have shown the settlement amount paid to SEBI as a …

While the governments at the Centre and States have taken proactive steps to encourage electric vehicles (EVs), on-ground hurdles such as high levels of corruption at the regional transport offices (RTOs) could hold back the sector, according to Goldie Srivastava, CEO of SmartE, an electric vehicle solution provider that has …

India shipped larger quantities of tea to two neighbouring countries — China and Pakistan — in the first half of 2018, when overall tea exports increased to 112.1 million kg, from 107.1 million kg in the year earlier period. According to data with the Tea Board, total earnings between January …

Manmade global warming and a natural surge in Earth’s surface temperature will join forces to make the next five years exceptionally hot, according to a study published on Tuesday. The double whammy of climate change and so-called natural variability more than doubles the likelihood of “extreme warm events” in ocean …