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  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan 19 hours 50 minutes ago

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said that there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue...
  • SC order on coal block allocations: Banks to ask RBI for recasting loans Yesterday

    Mumbai: Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, a top Finance Ministry official on Monday said that the lenders will approach RBI for restructuring such assets. "Some impact may be there, and what exactly it will be is being...
  • SC verdict provides opportunity to initiate reforms 5 days ago

    New Delhi: A day after Supreme Court scrapped the allocation of 214 out of 218 coal blocks since 1993, a city-based research and advocacy think-tank on Thursday said that the apex court's intervention provides an opportunity to initiate reforms in the entire mining sector. Centre for Science and Environment (CSE) said...
  • SC verdict on coal blocks: Mahagenco to seek Centre's intervention for linkage 5 days ago

    Mumbai: A day after the Supreme Court cancelled allocation of 214 coal blocks, state power generator Mahagenco on Wednesday said that it will seek Centre's intervention to ensure coal linkage for its plants which are linked with some of these blocks. "Mahagenco is making efforts to assess and minimise the impact...
  • Supreme Court verdict scrapping coal blocks to weigh on lenders 6 days ago

    Mumbai: The Supreme Court verdict scrapping most coal extraction permits given to companies over two decades has raised concerns that loans to the holders of the permits could turn sour, piling pressure on lenders already battling a rise in bad loans. The court said on Wednesday that companies will have until...
  • Bullet News: Catch the day's top stories 6 days ago

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey 6 days ago

    Catch the day's top stories on India @ 9 with Bhupendra Chaubey from New Jersey. ...
  • News 360: ISRO orbiter Mangalyaan sends Mars pictures 6 days ago

    It's been just 12 hours since India's first interplanetary mission, the Mars orbiter, entered the red planet's orbit successfully and it is already hard at work. The Mangalyaan has sent back five photographs of Mars. The Indian Space Research Organisation (ISRO) confirmed that their ground station had receieved the first...
  • SC accepted our suggestion on coal block cancellation: Sriprakash Jaiswal 6 days ago

    New Delhi: Former Coal Minister Sriprakash Jaiswal on Wednesday said that the Supreme Court has accepted the previous UPA government's suggestion of cancellation of coal blocks which were allocated since 1993. The Supreme Court on Wednesday quashed allocation of 214 which were alloted to various companies since 1993. "The Supreme Court...
  • SC cancels 214 coal block allocations, says government free to auction all after March 2015 6 days ago

    New Delhi: Almost a month after the country's top court declared 218 coal block allocations made between 1993 and 2009 as illegal and non-transparent, the apex court on Wednesday cancelled 214 allocations dealing a blow to the coal companies. The highlights of the judgement, that takes a critical view of the...
  • SC judgement on Coal: Banks with Rs 1 lakh crore exposure sitting on mine of worries 6 days ago

    New Delhi: The mass cancellation of coal blocks by the Supreme Court has sent banks in a jittery mode as they have extended over Rs 1 lakh crore loans to power plants that were fed by these mines. Almost all banks including country's largest lender State Bank of India and private...
  • SC ruling on coal blocks likely to hit economy: India Inc 6 days ago

    New Delhi: The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • 'Metal, mining co to be impacted; JSPL, Hindalco worst be hit' 6 days ago

    New Delhi: Almost all major metal and mining firms would be affected by the Supreme Court ruling cancelling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said. Jindal Steel and Power (JSPL) was allocated six...
  • Hope government will devise relief plan: Birla on coal blocks order 6 days ago

    Mumbai: Aditya Birla Group chairman Kumar Mangalam Birla on Wednesday said that the Union Government should ensure that the massive investments made by the companies to acquire coal blocks do not go down the drain following Supreme Court's order cancelling the mine permits. In a major blow to the corporate sector,...
  • Quashing of 214 coal blocks 'first effective blow' to crony capitalism: JDU 6 days ago

    New Delhi: JD(U) on Wednesday welcomed the Supreme Court's decision to quash the allocation of 214 of the 218 coal blocks allotted since 1993 and said it was the first effective blow to "crony capitalism". "I welcome it. This is the first effective blow to expanding crony capitalism. "After this order,...
  • SC cancelling coal block allocation will enable fresh start: Government 6 days ago

    New Delhi: Government on Wednesday said that Supreme Court's decision to cancel the allocation of 214 coal blocks was in accordance with its stand and will enable it to make a 'fresh start'. "Basically, the judgement is in accord with the Government of India's stand in...
  • Coal scam: SC cancels all coal block allocations except four 6 days ago

    New Delhi: The Supreme Court on Wednesday cancelled 214 coal block allocations between 1993 and 2008 except for four, which are government-run non-joint ventures. The coal blocks exempted include Sasan, UMPP, NTPC and SAIL. The court said that the allocations are arbitrary and that there were no basis for the allocations....
  • CBI probe in coal scam case bereft of basic nuances: Court September 18, 2014

    New Delhi: Observing that the CBI probe into a coal block allocation case was "bereft of basic nuances of investigation", a special court today ordered further probe in an FIR in which the agency had filed a closure report against Kolkatabased Vikash Metals and Power Ltd and its officials. The court...
  • Will cancellation of coal blocks adversely affect power sector? September 9, 2014

    The Centre has favoured cancellation of 218 coal block allocations which were declared illegal by the Supreme Court last month. It has also suggested takeover of the 46 productionready blocks by the public sector unit Coal India Limited. Meanwhile, the apex court has reserved its decision on the matter. ...
  • Centre favours cancellation of 218 coal blocks, SC reserves its verdict September 9, 2014

    The Centre has favoured cancellation of 218 coal block allocations which were declared illegal by the Supreme Court last month. It has also suggested takeover of the 46 productionready blocks by the public sector unit Coal India Limited. Meanwhile, the apex court has reserved its decision on the matter. ...
  • Bullet News: Catch the day's top stories September 9, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 9, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Coal blocks allocation: SBI says has Rs 4,000crore exposure September 9, 2014

    Mumbai: Country's largest lender SBI, which has Rs 4,000crore exposure to coal mines, on Tuesday said that the banking system is unlikely to take a hard knock even if the Supreme Court cancels all the 218 coal blocks allocated between 1993 and 2010. Various reports have pegged the collective exposure...
  • Roadmap for coalblock allocations after final verdict: Government September 9, 2014

    New Delhi: As Supreme Court on Tuesday reserved its order on coalblock allocations, the government said it would wait for its final verdict in order to move ahead in a transparent manner. "It was my and Hansraj Ahir's complaint which resulted in the CBI inquiry into the coal scam. The...
  • News 360: 200 dead, 47000 rescued, lakhs still stranded in J&K floods September 9, 2014

    More than 47,000 people have been evacuated in floodravaged Jammu and Kashmir which has witnessed its worst floods in six decades. Nearly 200 people have lost their lives and lakhs have been stranded in the floods, landslides and house collapses triggered by torrential monsoon rains since September 2. ...
  • SC reserves its verdict on cancellation of 218 coal blocks declared as illegal September 9, 2014

    New Delhi: The Supreme Court on Tuesday reserved its verdict on cancellation of 218 coal blocks which were declared as illegal by it. The apex court has concluded the hearing on coal block allocations and would give the verdict later. The Centre has said that it favours the cancellation of coal...
  • SC terming coal block allocation illegal a wake up call: Piyush Goyal September 9, 2014

    New Delhi: The coal block allocation held illegal and arbitrary by the Supreme Court was a 'wake up call' for the government to bring in greater transparency in the system, Power and Coal Minister Piyush Goyal said on Tuesday. "It's a wake up call for all of us, Supreme Court...
  • Government favours cancellation of coal blocks declared 'illegal' by SC September 9, 2014

    New Delhi: The Centre has said that it favours the cancellation of coal blocks allocations which were declared as illegal by the Supreme Court. In sum and substance, cancellation of coal block allocation is a natural consequence, the Centre told the Supreme Court. The Centre has told the court that the...
  • Supreme Court to decide fate of 218 coal blocks today September 9, 2014

    New Delhi: The Supreme Court will on Tuesday decide the fate of 218 coal blocks allocated since 1993 to 2010 which it held as illegal in a previous judgement. Just a day before the crucial hearing, Centre had on Monday filed an affidavit in the apex court in which it said...
  • Bullet News: Catch the day's top stories September 8, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...