Preparing for a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is looking at keeping its prices lower than the former by effectively decreasing production costs and attaining higher economies of scale.

According to Gopal Singh, chairman and managing director, Coal India has already been able to decrease production costs by Rs 53 a tonne by increasing the shifts in mines that has reduced a higher proportion of costs as a result of increased production.

In a bid to come to the frontier of the ongoing tariff war, BSNL has introduced a new recharge pack that offers 1GB data to users. The BSNL new STV Rs 118 offers 1GB data to the prepaid customers along with unlimited calls with a validity of 28 days. The new BSNL STV 118 plan will kick in from April 1.

The new BSNL STV 118 plan, however, is only available in Tamil Nadu and Chennai circles, reports TelecomTalk.

The Air India sale has been code-named Project Royal, although the plain truth is that the national airline isn’t the king of Indian aviation. The company has run losses for years and is laden with debt. Even so, like its affable mascot Maharajah, there are things Air India brings to the table that will attract some buying interest.

Bengaluru: The Reserve Bank of India (RBI) will keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build, according to a Reuters poll of economists.

All 61 economists polled between 23 and 28 March expected the RBI to hold the repo rate at 6% and the reverse repo rate at 5.75% at its 4-5 April policy meeting.

New Delhi: Given the changing global energy mix, Coal India Ltd, the world’s largest coal miner, plans to set up 20,000 megawatts (MW) of solar projects over the next 10 years, a top executive said.

It is estimated that at a per-MW cost of around Rs4.5 crore, Coal India will require an investment of around Rs 90,000 crore to set up this capacity.

Mumbai: Oil and gas companies are boosting production of coal bed methane (CBM) gas that they are free to sell at market prices.

Natural gas price is capped at $2.89 per mmBtu by the government, while CBM gas fetches $5.7-$10.64 per mmBtu.

New Delhi/Bengaluru: Indian Railway Catering and Tourism Corp. (IRCTC), the largest consumer internet firm by revenue, is set to launch its own payment gateway as the online ticketing platform eyes additional revenues and looks to reduce dependency on third-party payment services providers, according to two people familiar with the matter.

Giving a fresh impetus to his vision of achieving Intelligent Cloud and Edge, Microsoft CEO Satya Nadella has realigned duties of his core senior team, announcing that Terry Myerson, Head of Windows and Devices Group (WDG), was leaving the company. Myerson and the WDG team transformed Windows to create a secure, always up-to-date, modern operating system (OS).

Independent power producers (IPPs) have asked the power ministry to clarify if fuel sourced from Coal India linkage or captive mines can be used to export power to neighbouring countries. In a letter, seen by FE, addressed to power secretary AK Bhalla, the association of power producers said since coal supply agreements and captive mines can only be used to supply to electricity distribution companies (discoms) under the existing policy framework, supplying power to Bangladesh using this coal would be “hampering domestic consumer interest”.

ICICI Bank chairman MK Sharma on Thursday read out a statement largely reiterating the line taken by the bank’s board on Wednesday, adding that managing director and chief executive officer Chanda Kochhar had made all necessary disclosures while sitting on the credit committee that sanctioned loans to the Videocon group in 2012.

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