Business
Coal India Limited mega share sale sails through; government to get Rs 22600 crore
In the biggest ever disinvestment exercise, the government's 10 per cent stake sale in Coal India on Friday got over subscribed by 1.05 times and fetched about Rs 22,600 crore although retail investors did not bid so aggressively.
Swachh Bharat cess may be imposed by way of a Service Tax amendment
The Finance Ministry proposes Swachh Bharat cess seeking Rs 1 lakh crore for Swachh Bharat Mission.
Sensex gains 46 points to log best weekly gain in over two months
Rise in Sun Pharma, HDFC Bank, L&T, HUL, M&M, RIL, ITC, ICICI Bank, Coal India, Dr Reddy's, Cipla and BHEL helped the Sensex end in the positive zone for the second straight day.
Oil near six-year low; Brent trades at par to US crude oil
Brent settled down 84 cents at $46.59 a barrel, after falling to $45.19, its lowest since March 2009.
December retail inflation picks up to 5 per cent on higher food costs
The data compared with a 5.4 per cent annual rise predicted by analysts.
Over 1,200 Japanese firms in India, grow 13 per cent in year
"The increase in the number of Japanese business establishments during the one year under survey is very large," the Japan embassy said.
Coal strike called off after meeting between workers union and Piyush Goyal
The coal strike was called off on Wednesday after a meeting between workers of state-run miners and Union Minister Piyush Goyal.
Government splits Chairman & MD post, names chiefs for 4 PSU banks
"The procedure for selection of part-time Chairman would be announced shortly," said a Finance Ministry statement.
Rupee loses 23 paise against dollar at 63.51 against dollar
At the Interbank Foreign Exchange (Forex) market, the rupee commenced lower at 63.43 from its previous close of 63.28.
SpiceJet presents revival plan to government
The airline's original investor Ajay Singh is in discussion with two US-based private equity investors to get them onboard but it will take a while before the proposal takes a concrete shape.
SpiceJet's dues grew to Rs 1,230 crore in 18 days till December 10: Government
The number of flights operated by the no-frill carrier declined from 332 on September one to 328 on October one, 305 on November one and 240 on December 10.
Rupee tumbles to 10-month low vs dollar, down 31 paise at 62.33
The currency gradually declined to a low of 62.3575 before ending at 62.33, a fall of 31 paise.
Nifty ends above 8350, Sensex flat; SBI up 3 per cent, BHEL falls
After a volatile day of trade, the market ended on a flat note. The Sensex ended up 34.09 points at 27831.10, and the Nifty was up 14.95 points at 8355.65.
Rupee down 17 paise against dollar in early trade
Fresh demand for the American unit from importers also weighed on the rupee.
RBI issues final norms for payment banks, small finance banks
The minimum paid-up equity capital for these new types of banks has been set at Rs 100 crore, RBI said.
Rupee edges up against US dollar to end at 61.84
Some dollar demand from importers, mainly oil refiners, to meet their month-end requirements also capped the rupee rise, he added.
