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Global miners to see limited opportunity

Mumbai : India’s decision on Tuesday to allow private companies to mine coal for commercial use, without pricing or end-use restrictions, may not spawn huge business opportunities for global mining giants Peabody Energy, BHP Billiton or Rio Tinto. (52-0)

Market Live: Sensex, Nifty give up gains post gap-up opening; IT gains post rupee move

40m moneycontrol
10:02 am Market Check: The market erased some of its gains from the gap-up opening seen. (8-0)

News Live: N Chandrasekaran completes 1year as Tata Sons chairman

40m moneycontrol
The benchmark BSE Sensex opened 208 points higher today, snapping its three-day falling streak, as investors and domestic institutions widened their bets amid firm Asian cues. Short-covering by speculators ahead of February F&O expiry tomorrow added to the upward move. (8-0)

Looking at 10-15% growth in FY19: Coal India

1h moneycontrol
The Modi government has taken a giant stride towards ending Coal India’s monopoly in commercial coal mining. (5-0)

Opening coal sector for pvt cos to boost FDI: Anil Agarwal

1h moneycontrol
Mining mogul, Anil Agarwal today welcomed the Centre's decision to open up coal mining to the private sector for commercial use and said the move will usher in much needed competition and increase domestic and foreign direct investment in the sector. (5-0)

Government allows private firms to mine coal for commercial use

15h moneycontrol
In the biggest coal sector reform in over four decades, the government allowed the private sector to mine coal and sell it for commercial use, ending state-owned CIL's monopoly in a bid to cut imports by raising domestic output. (5-0)

Union Cabinet opens up coal mining for private firms, ends Coal India’s monopoly

New Delhi: In the most significant move involving the Indian coal sector since its nationalisation in 1973, the Union Cabinet on Tuesday decided to end the monopoly status of state-miner Coal India Ltd (CIL) by opening commercial mining for the private sector. (5-0)

India allows private firms to mine coal for commercial use

17h in.reuters
NEW DELHI (Reuters) - India will auction coal blocks to private companies, Coal Minister Piyush Goyal said on Tuesday, a move that would end restrictions on the sale and use of the fuel after more than four decades and end Coal India’s near-monopoly status. (53-0)

Rupee, heavyweights push Sensex, Nifty lower; PSU banks recover to end in the green

17h moneycontrol
It was a volatile day of trade on Dalal Street Tuesday. The market erased gains in last hour of trade to close mildly lower, dragged by weak global cues and sharp correction in the rupee that fell one percent intraday against the US dollar. (47-0)

Commercial coal mining will help increase efficiency productivity, says Piyush Goyal

19h moneycontrol
The cabinet has approved auction of coal mines for private sector operators for commercial mining to help pump up the economy. (5-0)

Late recovery helps Sensex trim loss to 236 pts; Nifty ends below 10,400; PSU banks plunge

2018-02-19 moneycontrol
Benchmark indices fell sharply on Monday, with the Sensex shedding 456 points intraday but the recovery in late trade helped it trim losses to 236 points in closing as PNB fraud case continued to dent investors' sentiment. (32-0)

Sensex slips below 34,000 level, down 131 pts in early trade

Mumbai: The benchmark BSE Sensex slipped below the 34,000-mark by falling nearly 131 points in early trade today, extending Friday’s losses as investors cut bets amid weak domestic sentiment and absence of Asian cues. The 30-share barometer dropped by 130.54 points, or 0.38 per cent, to 33,880.22 in early trade led by fall in Tata Steel, SBI, Reliance Industries and L&T. (27-0)

Odisha to slap Rs 270 bn demand on Tata Steel, others for excess mining

2018-02-17 business-standard
Enthused by the collection of around Rs 120 billion as compensation from iron ore and manganese miners, the Odisha government is preparing to despatch similar demand notices to non-ferrous mine lease owners to extract cost of excess production. Demand notices seeking to recover Rs 270 billion would be slapped on coal, chromite, bauxite, limestone and other miners. The action follows showcause notices sent to the miners earlier. (13-0)

Coal India's foreign dreams lose steam in bid to fuel domestic demand

2018-02-16 business-standard
With Coal India prioritising availability of thermal coal to the power plants by streamlining its road and rail supply networks, its plans of acquiring a 20-25 per cent stake in an Australian firm, which could have ensured steady procurement of coking coal, has been put on the backburner. Apart from stepping up production, another top priority for the company at present is coordinating with railways to make 288 rakes available each day for supply of the fuel to power plants. (8-0)

India needs more "clean coal" investors - global coal body

2018-02-16 in.reuters
NEW DELHI (Reuters) - India needs to do more to attract foreign investment in technologies that can cut emissions from burning coal, a global coal trade association said on Friday, given that the fuel will be a main source of electricity in the country for decades. (12-0)