The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, a senior coal ministry official has said. Power plants across the country had imported 6.6 MT coal in October, 43.5% higher than the monthly average import quantity recorded this year. In the same month, electricity demand had surged 14% year-on-year.

The Indian rupee Wednesday plunged 32 paise to 72.17 per US dollar in early trade on the forex market after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India.

Das Tuesday was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

For a career bureaucrat who was equally at ease with three different finance ministers, the journey from North Block to Mint Street has often seen him adopting a non-confrontational approach and building consensus on tackling tricky issues.

Flipkart has bagged a fund infusion of Rs 21.9 billion (approximately $300 million) for its wholesale arm in India, the second large cash infusion made by the Singapore-based firm since investments from the US retail giant.

According to documents filed with the Registrar of Companies, which were sourced from business intelligence platform Paper.

The board of Reliance Jio, a subsidiary of Reliance Industries Limited (RIL), on Tuesday approved a scheme to hive off the fibre and tower businesses into separate companies. Analysts feel this would provide a better leverage to raise funds with support from parent RIL, especially as the fibre business capex would be top loaded.

Technology professionals look towards Indian Space Research Organization (ISRO) as a more aspirational tech workplace than software major Tata Consultancy Services (TCS), according to a report by job search portal Indeed.

Indeed announced the leading technology organisations to work for in India, on the basis of over 100 million ratings and reviews available on Indeed. Leading the list is Adobe Inc., followed by industry giants NVIDIA and Microsoft.

The TRS was on course to return to power with a thumping majority in Telangana if the initial trends hold, with party candidates leading in 92 out of the total 119 assembly constituencies.

TRS chief K Chandrasekhar Rao (Gajwel), his son K T Rama Rao (Sircilla) and nephew T Harish Rao (Siddipet) have established handsome leads, as the party's gamble to go in for early elections seems to be paying off.

Mumbai: Air India has floated tender for the sale of its iconic 23-storey tower at Nariman Point in Mumbai. Only government entities are allowed to participate in the bidding for acquiring leasehold rights of the land and building on “as is where is basis.”

“Air India invites sealed bids from government entities for sale of leasehold rights of the land, and its iconic Air India building constructed hereon at Nariman Point, Mumbai, on as is where is basis,” the tender said.

Countrys largest lender State Bank of India (SBI) Tuesday said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over Rs 9,000 crore of loans. In a major boost to India’s efforts to bring back Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court Monday ordered his extradition.

New Delhi: Tata Motors Ltd, which is on a comeback trail, is betting big on its upcoming SUV Tata Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.The company, which has been working on a strategy to revive its fortunes in the passenger vehicle (PV) segment for the last couple of years, now believes it has the products and scale to be among the leaders in the segment.

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