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  • Govt gets portal rolling for coal distribution Mar 18, 2016 08:00 AM IST

    Govt gets portal rolling for coal distribution

    Speaking on the occasion, Coal and Power Minister Piyush Goyal said the portal symbolises the level of transparency that the government has promised to people and represents co-operative federalism of all the stakeholders.

  • Nifty may open up; Asia mixed, US tracks oil gain to end higher Mar 18, 2016 07:55 AM IST

    Nifty may open up; Asia mixed, US tracks oil gain to end higher

    Asian markets were trading mostly higher on strong handover from US and as oil prices climbed. The Shanghai Composite was up 0.68 percent while the Hang Seng was up 0.40 percent. A stronger yen, however, continued to weigh on Japan's shares. The Nikkei 225 was down 1.58 percent.

  • Govt to allot 16 coal mines to PSUs for commercial mining Mar 17, 2016 10:12 AM IST

    Govt to allot 16 coal mines to PSUs for commercial mining

    Of the 16 blocks "earmarked for State Public sector Undertakings for sale of coal", five mines are in Madhya Pradesh, three in Telangana, two blocks each in Chhattisgarh, Jharkhand and Maharashtra, and one each in Odisha and West Bengal, according to an order of Coal Ministry.

  • PSUs to invest over Rs 10,000 crore in mining sector Mar 16, 2016 07:14 PM IST

    PSUs to invest over Rs 10,000 crore in mining sector

    Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed today.

  • 'Govt to finalise transfer pricing rules for captive mines' Mar 14, 2016 01:18 PM IST

    'Govt to finalise transfer pricing rules for captive mines'

    Transfer pricing will be decided post Parliament nod for MMDR amendment.

  • Coal grade slippage: Govt panel to meet by month-end Mar 10, 2016 07:46 AM IST

    Coal grade slippage: Govt panel to meet by month-end

    The committee formed almost a year back is co-chaired by Joint Secretaries of both Ministry of Coal and Ministry of Power, an official said.

  • Pvt commercial miners may have to wait longer for coal blocks Mar 09, 2016 08:58 PM IST

    Pvt commercial miners may have to wait longer for coal blocks

    The Centre has decided to allocate eight to ten coal blocks to PSUs, be it state or central, for commercial mining once the Assembly elections are over.

  • Cabinet to soon consider auction of 100 mineral blocks Mar 08, 2016 09:18 AM IST

    Cabinet to soon consider auction of 100 mineral blocks

    Last month, Steel and Mines Minister Narendra Singh Tomar had said his ministry has identified 100 mineral blocks for exploration, which will be offered to the private sector once the government notifies National Mineral Exploration Policy (NMEP).

  • Coal India offers 14MT coal under special e-auction Mar 04, 2016 09:10 AM IST

    Coal India offers 14MT coal under special e-auction

    "To facilitate liquidation of pit head coal stock, CIL has offered 10 MT (million tonnes) and 4 MT of coal under special e-auction to power sector and non-power sector consumers respectively, in line with directions of government," Coal and Power Minister Piyush Goyal informed the Lok Sabha in a written reply.

  • Hike in aluminium import duty not benefitting cos: Agarwal Mar 02, 2016 09:16 PM IST

    Hike in aluminium import duty not benefitting cos: Agarwal

    Budget 2016-17 raised customs duty on primary aluminum to 7.5 percent from 5 percent, while the levy on other aluminum products was hiked to 10 percent from 7.5 percent

  • 'Uday scheme solution to CIL's coal surplus' Feb 24, 2016 02:14 PM IST

    'Uday scheme solution to CIL's coal surplus'

    "Once financial position of the discoms improve with Uday scheme they will draw more power which in turn will lead to higher demand for coal in six months," Coal secretary Anil Swarup said here today on the sidelines of 6th Asian Mining Congress organised by MGMI.

  • Poland calls for more cooperation in coal, power sectors Feb 16, 2016 09:00 AM IST

    Poland calls for more cooperation in coal, power sectors

    Speaking at the ongoing Make in India Week, Piotr Glinski, who has come with a delegation of Polish companies, said the country is keen to assist India in solving the issues related to coal and power.

  • Coal Min working on policy for commercial mining: Official Feb 15, 2016 08:12 PM IST

    Coal Min working on policy for commercial mining: Official

    The Coal Mines (Special Provisions) Act, 2015 permits private coal mining companies to sell coal in the open market. Earlier, private companies could utilise allocated coal mines only for their own industries.

  • BEML reports Q3 net profit at Rs 3 crore Feb 11, 2016 03:18 PM IST

    BEML reports Q3 net profit at Rs 3 crore

    The company had posted a net loss of Rs 11.42 crore in the corresponding quarter of the previous fiscal.

  • Budget Expectations: Mining and metals sector Feb 04, 2016 03:27 PM IST

    Budget Expectations: Mining and metals sector

    Under the direct tax regime, one-tenth of the expenditure on prospecting, extraction and production of mineral during 5 years ending with the first year of commercial production is allowed as a deduction from total income.

  • Govt may allot 15 blocks to PSUs for commercial coal mining Feb 02, 2016 08:00 PM IST

    Govt may allot 15 blocks to PSUs for commercial coal mining

    For the first time in over 40 years, the government is throwing open the coal sector for commercial mining, which at present is being undertaken by the central PSU Coal India.

  • Nalco may buyback 25% govt holding in co Jan 11, 2016 03:30 PM IST

    Nalco may buyback 25% govt holding in co

    Meanwhile, the mines ministry may also move Cabinet note on MMDR Amendment, which will allow transfer of mining leases for captive mines.

  • Yuan weakness adding to dumping woes; have cut output : JK Tyre Jan 06, 2016 12:16 PM IST

    Yuan weakness adding to dumping woes; have cut output : JK Tyre

    AK Bajoria, President and Director, JK Tyre says tyre imports into India amounts to 25-30 percent in the truck/bus radial segment and upto 45 percent in the passenger car space.

  • Holcim-Lafarge deal close to getting final CCI nod: Ashok Chawla Jan 05, 2016 10:10 PM IST

    Holcim-Lafarge deal close to getting final CCI nod: Ashok Chawla

    In an interview with CNBC-TV18's Menaka Doshi, CCI chairman Ashok Chawla promised faster clearance of M&A deals and offered a glimpse into the pending revisions in merger control regulations

  • Asia M&A hits record, deals top $1 trillion in 2015 Dec 28, 2015 07:51 AM IST

    Asia M&A hits record, deals top $1 trillion in 2015

    Domestic M&A volume in Asia-Pacific also hit a record high of USD 947.9 billion, accounting for 81 percent of the region's USD 1.16 trillion total, Dealogic said.

  • Govt to come out with coal linkage, new tariff policy Dec 24, 2015 12:01 PM IST

    Govt to come out with coal linkage, new tariff policy

    Government will soon come out with a coal linkage policy to ensure supply of fossil fuel and a new tariff policy aimed at boosting regulatory mechanism for discoms and attracting investments.

  • Vedanta may stop mining ops in Goa amid transport disputes Dec 18, 2015 09:41 AM IST

    Vedanta may stop mining ops in Goa amid transport disputes

    "A section of truck owners' association is demanding a rate of Rs 17.63 per km while the mining firms, already reeling under the impact of a meltdown in iron ore prices and plethora of taxes, have offered to pay Rs 8 per km," the firm said in a statement.

  • Govt allows mines to PSUs to sell coal to small cos Dec 17, 2015 11:12 AM IST

    Govt allows mines to PSUs to sell coal to small cos

    The government cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas.

  • Aim to enable coal supply for SME units: Anil Swarup Dec 16, 2015 10:17 PM IST

    Aim to enable coal supply for SME units: Anil Swarup

    In an interview to CNBC-TV18, coal secretary Anil Swarup says the decision was taken as it was difficult for Coal India to supply to the small, medium and micro.

  • Investors want govt to defer Coal India stake sale Dec 15, 2015 11:06 AM IST

    Investors want govt to defer Coal India stake sale

    Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.

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