Coal India Ltd (COAL.NS)
** State-owned Coal India Ltd falls as much as 2.4 pct to 313.30 rupees
MUMBAI Coal India Ltd, the country's biggest producer of thermal coal, had output of 42.72 million tonnes of coal in June against a target of 43.31 million tonnes, helping to ease the glut accumulating at the company's mines.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06222016.pdf FACTORS TO WATCH 10:30 am: Federal cabinet likely to meet in New Delhi. 2:30 pm: Junior Finance Minister Jayant Sinha and Urban Development Minister Venkaiah Naidu to launch financial literacy camp in New Delhi. 5:00 pm: Finance Secretary Ashok Lavasa at an interactive session organised by PHD Chamber in New Delhi. GMF: ASIA LIVECH
** Coal India Ltd shares show signs of correction after 10 pct gain in past one month as of Wednesday's close
Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.
June 2 Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.
** Coal India Ltd's shares gain as much as 3.7 pct to the highest since Feb 29
NEW DELHI Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all.
NEW DELHI Coal India's measures to prevent theft by electronically "fencing" mining areas and fitting trucks with a GPS-based tracking system will be finished by the end of April, a government official said.