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Coal India’s supply to power sector rises 12% to 197 MT in Apr-Aug

Coal India’s supply to power sector rises 12% to 197 MT in Apr-Aug

The supply of coal by State-owned CIL to the power sector in the first five months of the ongoing fiscal increased by 12.1 per cent to 196.9 million tonnes (MT).

The dispatch of dry fuel by Coal India (CIL) in the April-August period of the 2017-18 was at 175.6 MT, according to official data.

Irdai allows PoS to distribute all micro-insurance products

Irdai allows PoS to distribute all micro-insurance products

Insurance regulator Irdai has allowed distribution of all micro-insurance products through point-of-sales (PoS), with an aim further increase insurance penetration in the country.

The Insurance Regulatory and Development Authority of India (Irdai) has created a special category of insurance policies called micro-insurance policies to promote insurance coverage among economically vulnerable sections of society.

Rupee slips 36 paise against US dollar

Rupee slips 36 paise against US dollar

The rupee weakened by 36 paise to 72.84 against the US dollar Monday even as the RBI announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity.

The domestic unit rupee had gained 11 paise to close at a one-week high of 72.48 against the US dollar On Friday.

Maruti starts vendor audit to consolidate leadership position

Maruti starts vendor audit to consolidate leadership position

New Delhi: Maruti Suzuki India Ltd has started its maiden performance audit of vendors and also introduced a so-called ‘purple band’ for the most efficient suppliers as it seeks to ensure its goal of retaining the leadership of the domestic market by producing up to five million vehicles by 2030, said three people directly aware of the development.

North Korea, South Korea begin removing landmines along fortified border

North Korea, South Korea begin removing landmines along fortified border

Troops from North and South Korea began removing some landmines along their heavily fortified border on Monday, the South's defence ministry said, as part of a pact to reduce tension and build trust on the divided peninsula.

Project details were agreed during last month's summit in Pyongyang, the capital of North Korea, between its leader, Kim Jong Un, and South Korean President Moon Jae-in.

PNB scam: ED attaches jewellery, bank accounts of Nirav Modi and family worth Rs 637 crore

PNB scam: ED attaches jewellery, bank accounts of Nirav Modi and family worth Rs 637 crore

The Enforcement Diretorate on Monday attached properties and bank accounts of Nirav Modi and his family members worth Rs 637 crore concerning with the infamous Punjab National Bank.

"ED attaches Rs 637 crore worth of assets of Nirav Modi and family in India and four other countries in PNB fraud case", an official told PTI.

Sensex witnesses mixed trends in early trade

Sensex witnesses mixed trends in early trade

The benchmark 30-share BSE Sensex recovered after falling marginally in early trade Monday amid mixed global trends. After slipping over 60 points, the index gained around 46 points to trade at 36,273.54 points.

The broader Nifty index was trading almost flat at 10,920.80.

GMR Infra emerges highest bidder for Nagpur Airport privatisation

GMR Infra emerges highest bidder for Nagpur Airport privatisation

GMR Airports, a subsidiary of G M Rao-led GMR Infrastructure has emerged as the highest bidder for the development, operations and management of Nagpur’s Babasaheb Ambedkar International Airport on a public-private partnership (PPP) basis.

MIHAN India, a joint venture between Maharashtra Airport Development Company (a Government of Maharashtra undertaking) and Airport Authority of India, had in March 2018 sought requests for proposal to privatise the Nagpur airport.

SBI lowers ATM cash withdrawal limit to Rs 20,000 ahead of festive season

SBI lowers ATM cash withdrawal limit to Rs 20,000 ahead of festive season

The State Bank of India (SBI) has lowered the ATM cash withdrawal limit to Rs 20,000 a day, from Rs 40,000. According to a report, the lower limit will be effective from October 31, in view of spurt in fraudulent transactions at ATMs and to encourage digital and cashless transactions. “In view of the increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless transactions, it has been decided to decrease the cash withdrawal

Buying the new iPhone? Paytm Mall offers an exchange bonus of Rs 7K on old smartphones

Buying the new iPhone? Paytm Mall offers an exchange bonus of Rs 7K on old smartphones

NEW DELHI: There is good news for those who want to have an iPhone XS or XS Max as Paytm Mall is offering an exchange bonus of Rs 7,000 to prospective buyers in addition to the exchange value of their old phones.

The e-commerce arm of Paytm on Friday announced the availability of the newly-launched iPhone models on its website and mobile app.

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