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Government to sell up to 10 pct of Coal India on Friday

MUMBAI - The government will sell a stake of up to 10 percent in state-run Coal India Ltd through an auction on the the stock exchanges on Friday, the government said.

Recent Business News

Sensex, Nifty retreat from record highs on profit-taking

MUMBAI - The BSE Sensex and Nifty hit a record high for a sixth consecutive session on Wednesday before succumbing to profit-taking as blue chips, including lenders, rose on hopes the U.S. Federal Reserve could take a dovish stance in its post-meeting statement later in the day.

4:48pm IST

Gold eases on steadier dollar; focus on timing of Fed rate move

LONDON - Gold eased on Wednesday as the dollar steadied on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook, though concerns about the global economy might push back the timing of a rate rise.

5:28pm IST

ONGC share sale scheduled for this fiscal - oil minister

NEW DELHI - State-run Oil and Natural Gas Corp's share sale is scheduled for this fiscal though falling crude prices pose a challenge, Oil Minister Dharmendra Pradhan said on Wednesday.

Top News 11:58am IST

Jaiprakash Power likely to default on $200 mln convertible bonds

NEW DELHI - Jaiprakash Power Ventures Ltd said it was likely to default on payments for convertible bonds worth $200 million due on Feb. 13, because it could not generate enough revenue from its operations.

1:37pm IST

China's Spring Air becomes Asia's most valuable budget carrier

BEIJING - China's Spring Airlines Co Ltd has seen its share price more than double within just six days of listing on the Shanghai stock exchange, making it Asia's most valuable budget carrier.

Reuters Showcase

Divestment Plans

Divestment Plans

ONGC share sale scheduled for this fiscal - oil minister.  Full Article 

Market Eye

Market Eye

Sensex, Nifty retreat from record highs on profit-taking.  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Currencies

Currencies

China's yuan breaks into the world's top five as payment currency - SWIFT.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage 

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