With the coal demand from power sector exceeding the supply in 2018, the government is hopeful of higher output in the new year from already allocated mines and plans to further allot 10 mines to state-run behemoth Coal India Ltd (CIL) in 2019.

Of the 85 mines already allotted, 23 have already started production and the Coal Ministry expects 20 more mines to begin production in the current financial year ending March 2019 or early in the next fiscal.

After being ravaged by the Nirav Modi scam earlier this year, public sector lender Punjab National Bank (PNB) has decided that the national anthem will be sung in its Annual General Meetings (AGM) and Extraordinary General Meetings (EGM), which are held for discussing and approving key decisions by shareholders.

Buoyed by over 36 per cent of its procurement from micro and small enterprises (MSEs), power giant NTPC has pitched for their universal registration for supplies to all CPSUs in India.

“To promote ease of doing business for MSEs, NTPC Chairman Gurdeep Singh has proposed a single window registration for MSEs across CPSUs,” a senior company official told PTI.

Mumbai: Toyota Motor Corp. and Maruti Suzuki India Ltd’s parent Suzuki Motor Corp. are deepening their business partnership in all areas except an equity alliance as they seek to tap into each other’s expertise to take on the dynamic market for automobiles. The companies have expanded the scope of their ongoing discussions to include areas such as manufacturing and sales practices,

Domestic equities benchmark BSE Sensex plunged over 350 points on Wednesday as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy selloff by foreign investors.

The 30-share index slumped 360.95 points, or 1.02%, to 35,109.20 in early trade. It had fallen 271.92 points, or 0.76%, to 35,470.15 in the previous session on Monday.

No one would have thought it a few years ago, but Tata Motors’ Nexon today is giving Maruti’s Brezza a run for its money. Whether it’s late Karl Slym’s vision or Mayank Pareek’s marketing skills or both, Tata cars have come of age. At one point in time, Tata Motor’s market share of the passenger vehicles was a mere 3%. Today that has inched up to 6.8%, thanks to the success of Tiago, Tigor and Nexon. Sleeker designs and smoother engines, the cars have it all.

Rupee vs dollar today: The rupee opened strong at 69.93 per US dollar on Wednesday from the previous close of 70.13 per US dollar on Monday, mainly on account of sharp fall in crude oil prices. The domestic currency gained further strength and was trading at 69.78 a dollar, up 36 paise from the previous close in the early morning trading, according to data available on Bloomberg. On Monday, the rupee recovered by 4 paise to close at 70.14, on lower crude oil prices and dollar’s losses in global markets due to political uncertainty in the US.

The Mumbai-based Mahindra & Mahindra (M&M) is on a launching spree. The auto major, which launched two SUVs in the past few months- Marazzo and Alturas G4, recently unveiled the name of its upcoming sub-4-metre compact SUV, codenamed S201, which will be known as XUV300.

Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda to reduce their bad loans. This will be the second bank strike in less than a week.

Former Finance Minister P Chidambaram on Wednesday raised questions about what caused the change in the "declared goals" of the Goods and Services Tax (GST) regime, why it was being changed.

"Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government!

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