The Centre’s push to convert all Coal India Ltd (CIL) mines as profit-making mines has resulted in the closure of underground mines across subsidiaries since underground operations are not cost-effective.

The Centre’s push to convert all Coal India Ltd (CIL) mines as profit-making mines has resulted in the closure of underground mines across subsidiaries since underground operations are not cost-effective.

FMCG major Nestle India said Thursday its shareholders have cleared a proposal for the continuation of royalty payments to its Swiss parent firm Societe des Produits Nestle SA. Shareholders also approved the proposal to seek their mandatory approval every five years for the fixation of royalty payment.

All resolutions, including the “one for continuity of royalty payments” were approved with an overwhelming majority at the 60th Annual General Meeting (AGM) in New Delhi, a company statement said.

Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up the ante for retail rivals such as Walmart Inc.

Shares rose as much as 2 per cent in after-hours trade on Thursday as Amazon said faster shipping will come to customers around the world and said its profit more than doubled in the first quarter, trouncing estimates thanks to soaring demand for its cloud and ad services.

US President Donald Trump’s move to pressure Iranian oil importers is turning into a headache for India’s government in the midst of a re-election battle.

Indian Prime Minister Narendra Modi, whose government is one of the world’s biggest importers of Iranian crude, is now facing opposition attacks over his inability to win concessions from Washington. Criticism that his diplomacy has failed to guarantee continued access to cheaper Iranian oil comes in the middle of India’s weeks-long general election, which began on April 11.

Reserve Bank of India (RBI) Deputy Governor B P Kanungo has argued in favour of revisiting India’s capital control regime and letting companies invest overseas more freely to secure the country’s energy and economic needs.

While the rupee can freely be converted on the current account, the central bank imposes limits in the case of the capital account. This means one cannot take out the rupee beyond a particular limit to use it overseas.

Indian automobile company Mahindra & Mahindra on Thursday announced the deployment of its electric vehicles (EV) on global ride-sharing platform Uber in Hyderabad. Earlier, Mahindra had announced its strategic collaboration with Uber, to explore the deployment of EVs on its platform in several cities across India.

The two companies will be deploying 50 EVs, which include both e2O hatchback and e-Verito sedan models, in a tie-up with taxi partners such as eee-Taxi to begin with in Hyderabad.

Telecom regulator TRAI has directed Dish TV India to comply with the provisions of the new framework for broadcasting and cable TV services, acting on consumer complaints pertaining to the operators' specific offering and grievance redressal helpline.

TRAI, which has promised strict action against those cable TV and direct-to-home (DTH) players who are found violating its new tariff order and regulatory regime, had earlier this week also pulled up Bharti Telemedia on similar grounds.

Maruti Suzuki India (MSI) Thursday said it has increased prices of Baleno diesel range and RS petrol variant by up to Rs 15,000 (ex-showroom) with immediate effect.

The Baleno RS, which comes with a 1 litre booster jet petrol engine, will now be available at Rs 8.88 lakh, MSI said in a regulatory filing. It was earlier priced at Rs 8.76 lakh.

NASA's robotic Mars InSight lander has recorded a likely "marsquake" for the first time ever, the US space agency said.

The faint seismic signal, detected by the lander's Seismic Experiment for Interior Structure (SEIS) instrument, was recorded on April 6, the lander's 128th Martian day.

Vladivostok: Russian President Vladimir Putin told North Korean leader Kim Jong Un on Thursday that he supports ongoing efforts to ease tensions on the Korean peninsula and wants to boost economic ties.

"I am confident that your visit today to Russia ... will help us to better understand how we can resolve the situation on the Korean peninsula and what Russia can do to support the positive processes that are currently taking place," Putin said as the two began their first-ever talks in Russia's Far East.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.