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Former Coal Minister Dasari Narayana Rao was on Monday questioned by the CBI in connection with alleged irregularities in allocation of Talabira-II coal block in which Aditya Birla Group Chairman Kumar Mangalam Birla and former Coal Secretary P C
09 New Delhi: Probe into alleged irregularities in allocation of Talabira-II coal blocks has gained momentum as CBI has started questioning top executives of Aditya Birla Group and were likely to quiz former Coal Secretary P C Parakh next week.
Former coal secretary PC Parakh has said that when he complained to Prime Minister Manmohan Singh in 2005 about the rude behaviour of Members of Parliament (MPs) and threatened to resign, the latter told him he, too, was faced with similar incidents.
Short-covering ahead of the expiry of futures and options March contract tomorrow also boosted the market. Tata Steel, which rose 1.54 %, said the company had launched the bid-cum-auction process for the sale of its land parcel in Borivali. The
We do not agree with their assessment, a top Birla group official said, asking not to be named. Moody's rival S&P, according to the official, takes a longer-term view while rating the company. The North American company has invested $1.5 billion to
AP The IMG on coal blocks, which met for two days on February 7 and 8 reviewed the progress of development of 61 coal blocks. File photo An inter-ministerial panel has recommended de-allocation of 29 coal blocks of companies such as Essar Power,
Hindalco Industries and Nalco Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia.
The benchmark Sensex tanked about 305 points to its lowest close in over 10 weeks on Monday on across-the-board selling in blue chips, amid weak global cues and worries after the U.S...The Sensex dropped 304.59 points, or 1.48 per cent to end at 20,
Shares in Hindalco Industries Ltd fell 1.2 per cent after its global peer Alcoa Inc , the largest US aluminium producer , reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment
Sliding for the fifth straight day, the BSE Sensex today wiped out initial gains to end 94 points down at its lowest levels in three weeks on a bout of late selling in bluechips including Infosys, RIL and Tata Steel. The Bombay Stock Exchange 30-