Coal India rallied 5% to Rs 303 in intra-day trade on Thursday, extending its Wednesday’s 2.3% gain on the BSE, after the company reported higher than expected 4.5% year on year growth in consolidated net sales at Rs 251 billion in March 2018 quarter (Q4FY18). The stock hit a three-month high in early morning deal […]
Day: May 31, 2018
TN power discom reduces loss, on path to break even shortly, says minister
The Tamil Nadu government, which has been opposing the Centre’s Ujwal DISCOM Assurance Yojana (UDAY), is now saying that the scheme is one reason for the state’s electricity board turning around in the coming year. Minister of Electricity, Prohibition and Excise P Thangamani tabled the department’s policy note which stated that on the implementation of […]
AirAsia case to have no impact on Air India stake sale process: official
The CBI case against AirAsia and its officials for alleged efforts to manipulate government policies would not have any impact on Air India’s disinvestment process, according to a senior official. The deadline for submitting Expression of Interest (EoI) for 76 per cent stake in the debt-laden Air India is ending today. To a query on […]