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Coal India Q4 net hit by higher wages
Hit by higher wage expenses, state-owned coal producer Coal India Ltd (CIL) posted a 4.92 per cent decline in consolidated net profit to Rs 4,013 crore for the quarter ended March 31, compared with Rs 4,221 crore a year ago. Net sales for the period, however, rose 29.42 per cent to Rs 19,419 crore over Rs 15,005 crore reported in the year-ago period. “The wage was finalised in the first week

S R Rao is new commerce secy, Bahuguna agri secy
The government on Monday appointed S R Rao as commerce secretary, in place of Rahul Khullar, who was made chairman of the Telecom Regulatory Authority of India after he retired earlier this month.

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CBI arrests Jagan Andhra on alert
After three days of intense interrogation, the Central Bureau of Investigation (CBI) on Sunday arrested YSR Congress President and Kadapa MP Y S Jagan Mohan Reddy in a disproportionate assets case.

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Gold imports fall 32% on strict govt measures

Gold imports to India declined 32.4 per cent in 2011-12, as the government stepped up measures to control the precious metal's flow into the country, including rises in import duties. A Reuters poll

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World Economic Forum parts ways with CII plans summit in Gurgaon

After a 27-year long alliance, the World Economic Forum (WEF) and the Confederation of Indian Industry (CII) have parted ways on organising the India Economic Summit, fuelling many theories on the

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New power equation in BJP

What should ideally have been an occasion for brainstorming and bringing all senior leaders of the Bharatiya Janata Party (BJP) together, turned out to be a tussle for power and influence. The

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