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Labourers work inside a coal yard on the outskirts of Ahmedabad

Coal India Q4 net slips 5 pct, lags estimate
State miner Coal India , which earlier this year reversed a price increase under pressure from power producers, on Monday reported its first decline in quarterly profit since listing in 2010, weighed down by a steep increase in wage bills. The company, which produces nearly 80 percent of the coal in India, has been under pressure for missing its scaled-down output target for the fiscal year ended

Rupee gains for third session in quiet day

The rupee rose for a third successive session on Monday, its biggest winning streak against the dollar in over two-and-half months, as a recovery in global risk sentiment helped local stocks post

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Oil India says expects govt to pare stake in firm in 2012/13

Oil India Ltd expects the Indian government to sell some of its stake in the company during the year to March 2013, the state-run company's finance chief said on Monday, without elaborating. The

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India to sell 150 bln rupees of bonds on Friday-RBI

India will sell 150 billion rupees ($2.7 billion) of bonds on June 1, the Reserve Bank of India said in a statement on Monday. The government will sell 40 billion rupees of 8.19 percent 2020 bonds,

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Petrol to be cheaper by Rs 1.50 in Delhi

New Delhi: Petrol in Delhi will be cheaper by Rs.1 50 from the current Rs 73.18 after Chief Minister Sheila Dikshit announed a 20 percent reduction in the value added tax (VAT) on the fuel.The

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Coal India head sees 6-7 pct revenue growth in 2012/13

State-miner Coal India sees 6 to 7 percent rise in revenues in the current fiscal year that started in April, if prices remain at current levels, Chairman S. Narsing Rao told reporters. Earlier,

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