Calcutta, Oct. 10: Coal India has signed a five-year wage agreement with its workers' unions, which will have an estimated impact of Rs 5,667 crore annually on the public sector miner.

The "Memorandum of Agreement for National Coal Wage Agreement-X has been signed on October 10 for a period of five years from July 1, 2016 to June 30, 2021", Coal India said in a filing to the BSE today.

New Delhi: In a landmark ruling, the Supreme Court on Wednesday criminalised sexual relations between a man and his minor wife under the offence of rape. This move will go a long way in discouraging the prevalent practice of child marriage in India.

In a concurring judgment, passed by justices Madan B. Lokur and Deepak Gupta, the court read down the provision of the Indian Penal Code (IPC) which exempted marital rape in case of minors. The earlier age of 15 years has now been modified to 18 years for claiming exemption under the amended rape provisions.

There was a time when Diwali was about buying new clothes, jewellery, home appliances etc. Various offline and online market places tried to lure the customers by offering some unbelievable deals and discounts. This year the trend has changed. Diwali is no more about buying new clothes or eating good food, this year it’s about getting the best mobile plan as well. From Idea, Airtel, Jio and others, virtually all the heavyweights are providing attractive offers and unlimited calling at throwaway prices.

Tata Motors' recent increase in domestic sales and the success of cars like Tata Tiago and Tata Tigor has indeed helped Tata Motors to come back on postive growth trajectory but is still away from being a profit making entity for Tata Sons. The company is losing money on every passenger vehilcle that's being manufactured. In an interview to Economic Times, N Chandrasekaran, Chairman, Tata Sons accepted that every single car in the company is losing money and its not just Tata Nano.

GMR Hyderabad International Airport (GHIAL) will commence roadshows for its $300-350 million dollar bond issue beginning Wednesday in New York, London, Hong Kong and Singapore, sources aware of the matter have confirmed with FE.

“It will be a 144A issue and the tenure of the bond is likely to be 10 years. The issue will be a high yield,” a banker aware of the deal said. A 144A issue is a deal in which US investors can also take part.

Indian equity benchmark Sensex opened at 31,975, and soon rose to cross 32,000-mark on Wednesday morning, tracking positive domestic cues such as the GST revamp and positive earnings expectations. Nifty also opened above the 5 digit figure of 10,000 points.

Rise in the Sensex was mainly boosted by Bharti Airtel, Axis Bank, Reliance Industries and M&M which surged by more than 1% each.

When Infosys set out to remake its internal training program, instructors visited flight schools to see how professional pilots are taught to deal with fast-changing situations. That led India’s outsourcing giant to model classes on flight simulators that teach recruits to work faster, think for themselves and anticipate corporate customers’ needs. They’re put through multiple scenarios, and no two training days are alike.

Mumbai: Volvo Auto India Pvt. Ltd has commenced local assembly operations of its models in India, the India arm of the Swedish luxury carmaker said on Tuesday.

It has started assembling the XC90, a premium SUV, and has plans to assemble more models, including the S90 sedan and XC 60 SUV, Charles Frump, the newly appointed managing director of India operations said in an interview.

State-owned lender Bank of Baroda (BoB) today said it proposes to raise up to Rs 1,650 crore from Additional Tier-I (AT-1) bonds to fund business expansion. Finance committee of the bank today approved issuance of AT-1 capital bonds compliant with Basel III capital norms of Reserve Bank of India for minimum amount of Rs 500 crore with green shoe option, total issuance not to exceed Rs 1,650 crore in one or multiple issuance, BoB said. This is within overall board approved limit of Rs 3,000 crore for AT-1 bonds, it said in a filing on stock exchanges.

Sebi has ordered forensic audit of the financials of Tatia Global Venture and Nu Tek India, which were among the list of 331 suspected companies on whom trading curbs were imposed in August. Even as it has called for forensic audit, the regulator has lifted the trading restrictions imposed on them. Tatia Global Venture Ltd (TGVL) and Nu Tek India Ltd (NTIL) were in the list of 331 suspected shell companies that was provided by the corporate affairs ministry to Sebi. In recent weeks, the regulator has revoked the curbs on many such firms.

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