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Ministry's royalty-sharing formula may come as relief to Coal India
In what could come as a relief to Coal India Ltd (CIL), the coal ministry wants a percentage of its royalty payment to be set as compensation for locals affected by mining operations. Besides, the ministry has called for captive coal miners to also be brought under the benefit-sharing regime, making a similar dispensation for them, too. In the Mines and Minerals Development and Regulation (MMDR) Bill,
In what could come as a relief to Coal India Ltd (CIL), the coal ministry wants a percentage of its royalty payment to be set as compensation for locals affected by mining operations. Besides, the ministry has called for captive coal miners to also be brought under the benefit-sharing regime, making a similar dispensation for them, too. In the Mines and Minerals Development and Regulation (MMDR) Bill,
Coal blocks for infrastructure projects get GoM nod
In a major relief to Anil Ambani-led Reliance Power, Aditya Birla Group and Essar Power, a 12-member ministerial panel on coal on Wednesday recommended environmental clearance for two coal blocks
Mitsubishi surprises Biyani, wants stake in flagship Big Bazaar
Japan’s Mitsubishi Corporation has sprung a surprise on Kishore Biyani by asking for a piece of Big Bazaar, Future Group’s flagship retail business. Sources familiar with the
Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.
High cement prices in Q4 help firms stay positive on profits
In spite of sluggish demand from real estate and construction sector during January-March period, cement makers have registered growth in profits for the quarter ended March 2012. Courtesy: high
Recommendations violate SC order: Idea
Aditya Birla Group telecom company Idea Cellular on Monday said the Telecom Regulatory Authority of India (Trai)’s recommendations on spectrum re-auction were in “gross violation of the
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