Coal minister denies plan to split Coal India, sees no value
BHUBANESWAR, India Power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up.
NEW DELHI The cabinet has deferred a decision on giving incentives to mills for raw sugar production, Food Minister K.V. Thomas said on Tuesday.
"We had preliminary discussions. There are some issues to be sorted out. We will take up this matter in the next meeting," Thomas told reporter after a cabinet meeting.
The cabinet is expected to meet again on Thursday.
Farm Minister Sharad Pawar earlier in the day said a decision on incentives for raw sugar production could be taken up at the cabinet meeting.
India, the world's second biggest producer after Brazil, has been working on an incentive package for raw sugar production as part of its strategy to arrest falling prices due to a glut of refined sugar in domestic markets.
(Reporting by Nigam Prustry and Mayank Bhardwaj; Editing by Nidhi Verma)
MUMBAI National Stock Exchange stunned investors on Friday when its chief executive Chitra Ramkrishna quit for "personal reasons", only weeks before the country's biggest bourse is due to kick off its own initial public offering.
U.S. stocks ended little changed on Friday after a payrolls report did little to recast expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled to round out their fourth straight week of gains.