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
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.
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.
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.
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.
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.