CIL subsidiary stops supplies to independent power producers

The coal ministry asked South Eastern Coalfields to suspend supplies from its Korea-Rewa field to independent power producers. Read more »

Flying high, IndiGo eyes Air India for a new take-off

It has written to the civil aviation ministry saying that it would be interested in buying out the international operations of Air India and its low-cost arm, Air India Express. Read more »

Rework power supply deals to boost renewables: Report

Piyush Goyal said coal-based power plants in India will have to be prepared for occasional ramp down of electricity generation. Read more »

A.M. Best Affirms Credit Ratings of DPL Insurance Limited

SINGAPORE--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of DPL Insurance Limited (DPL) (New Zealand). The outlook of these Credit... Read more »

ONGC rescinds pacts with Schlumberger, Halliburton

To raise output, ONGC had partnered with Schlumberger and Halliburton, which were expected to bring in money and technology to the two fields of the state firm. Read more »

Pharma companies to vendors: Be GST-ready to avoid delay in payments

Many manufactures who undertake production for Indian as well as multinational drug majors are rushing to put GST infrastructure in place. Read more »

Assembly passes resolution to reserve 85 per cent seats for local students in Delhi University

The resolution read that over two lakh students who pass out from schools in Delhi and many of them struggle to get admission in institutions affiliated to DU. Read more »

One in Six Small Business Owners Set to Get Good Credit Score News on July 1

The upcoming consumer credit reporting change could cause your credit score to rise and make the difference when getting a loan for your small business. Read more »

Railway Minister Suresh Prabhu sets up group to vet GST impact on Railways

The immediate impact of GST will see a 50 bps increase in AC and First Class train fares to 5 per cent from July 1. Read more »

Not that courageous to invest in Air India: Anand Mahindra

"I see myself as a generally courageous person... But I confess... I don't possess THAT much courage...," Mahindra said in a tweet. Read more »