The record numbers indicate renewed confidence in the coal sector as the Indian government seeks to ensure energy security for the country through thermal power till the time firm renewable energy becomes affordable.
In order to boost the scheme further, flexibility has been given to finance ministry to design and introduce variants of bonds with different interest rates and risk protection/payoffs that would offer investment alternatives to a different category of investors
The divestment is seen as a part of the monetization process of non-core assets of Canara Bank, the company said in a statement to the exchanges.
Main reason to own gold is the diversification it brings to the portfolio and thereby reduce the portfolio risks.
The company‘s net debt currently stands at Rs 1700 crore which it aims to pare by Rs 200-300 crore by CY15-end by monetizing non-core assets, says Yogen Lal, chief executive officer, Pratibha Industries.
WhatsApp can currently make only USD 450 million a year. But revenues is not what Facebook is after.
For the last tow quarters interest cost for Autoline Industries have almost doubled. Currently the company is sitting on debt of about Rs 200 crore. CNBC-TV18 catches up with the management of Autoline to figure out if the company is trying to repay some of the debt.