Coal India (CIL) has offered five million tonne of extra coal to state-run NTPC on a credit basis and agreed to supply 7.94 lakh tonne of domestic coal per month to power utilities on condition that the power utilities will cut on imports, an official said. The miner has prioritised coal supplies to the power stations of eastern states for ensured generation to meet the increased power demand during the just concluded Durga Puja festival.

Crinium Bay Holdings, a member of Russia’s VTB group, has moved the Supreme Court seeking permission to bid independently or jointly with “a suitable partner” for embattled Essar Steel (ESIL). VTB, through Crinium Bay, which holds a 40% equity in Numetal, had earlier submitted the resolution plans for Essar in its capacity as a shareholder of Mauritius-based Numetal, which was later on October 4 held to be ineligible to bid by the SC.

Google-owned YouTube has announced an investment of $20 million in educational content and creators to expand its initiative to support people across the world in sharing knowledge and pursuing learning on the platform.

YouTube said on Monday that it was creating a new Learning Fund programme to support creators who make some of the best learning content on YouTube, the world’s largest video-sharing site,

In what can be seen as the proverbial sword of Damocles removed from over the employers' head, the Employees' Provident Fund Organisation (EPFO) last week issued a circular to Central Provident Fund Commissioners (CPFCs) to "avoid any coercive action by way of prosecution" in provident fund (PF)-Aadhaar linking cases.

Paytm founder Vijay Shekhar Sharma is facing a new data challenge — some people have threatened to leak his personal data, compromising the reputation of his company One97 Communications.

Three of the mobile wallet’s employees, including Chief Executive Officer (CEO) Sharma’s secretary, were arrested on Monday by the Noida police for allegedly trying to extort Rs 200 million by threatening to leak his personal data.

PNB Housing Finance Ltd has raised Rs 17.75 billion through Commercial Papers (CP) by placing it with mutual funds and banks, amid tight liquidity and an over-cautious approach to investment into paper floated by finance companies.

Housing finance company in a statement said it raised money in the current month. But, did not specify interest rate it agreed for raising money. Funds were raised at competitive rates, it added.

The Indian men's hockey team put up a clinical performance against Japan, demolishing the Asiad gold-medallists 9-0 for its third win in as many matches at the Hero Asian Champions Trophy in Muscat.

As many as six Indian players made entries on the score-sheet on Sunday night in a dominating show that reaffirmed their supremacy in Asia and showed that the below-par Asian Games performance was an aberration.

Tata Sons has increased its stake in Tata Motors at a time when its market capitalisation is eroding and valuations dipping amid uncertainties facing Jaguar Land Rover (JLR), its UK subsidiary.

At the end of the quarter ended September, the Tata Group holding company increased its stake in the flagship firm to 34.2 per cent from 33.3 per cent in June, according to the latest shareholding data shared by the company.

Chennai: Of the USD 2.3 billion gross merchandise value (GMV) garnered during the five-day online festive season sales, Flipkart cornered a higher market share of 51 per cent, followed by Amazon at 32 per cent.

As per the study done by RedSeer Consulting on the sales, both Flipkart and Amazon together took away a large slice of the market pie as big as 83 per cent.

Shares of HDFC Bank climbed as much as 2.78 per cent in the intra-day deals on Monday to Rs 2,020.45 apiece on BSE after the lender reported a 20.6 per cent rise in its net profit at Rs 50.05 billion for the second quarter ended September this fiscal, as the core income grew at a healthy pace.

The bank had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18.

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