Business

Coal India said on Tuesday its output for the six months to the end of September fell 6%, with September production dropping 23.5% to the lowest level in months.

Britain is due to leave the bloc by month-end and EU leaders are growing impatient with the UK's failure to set out detailed plans for an open border between Northern Ireland and Ireland.

The data released said that the revenue during September declined by 2.67 percent in comparison to the revenue collected in the same month a year ago.

The bank pointed out that 2Q (1QFY20) growth numbers released after the August rate decision, disappointed as the actual outcome undershot official projections by 80 bps.

The price of most of the natural gas produced by state-owned ONGC and Oil India Ltd, was cut to USD 3.23 per million British thermal unit for the six-month period beginning October 1, from USD 3.69 as of now.

HDFC bank also listed out targets for merchant acquisitions and said it is aiming for a 5 percentage points reduction in its cost-to-income ratio as a result of the digital push.

While there have been concerns around a slowdown in demand in some quarters, both Amazon.in and Flipkart have been upbeat about clocking strong growth in the festive sales.

Privatisation of BPCL will not just shake up fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.

Prior to this, foreign investors had pulled out a net Rs 5,920.02 crore in August and Rs 2,985.88 crore in July from the domestic capital markets (both equity and debt).

A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has issued notice to the Gujarat Urja Vikas Nigam over the IL&FS plea.

The 0.75 per cent discount of the value of fuel purchases using credit/debit cards and e-wallets was introduced in December 2016 and had continued for more than two-and-a-half years, straining OMCs.

Amazon.in, in a statement on Tuesday, said it has created more than 90,000 seasonal employment opportunities across its fulfilment centres, sortation centres, delivery stations, partner fulfilment network and customer service sites.

The PMC Bank has been barred from granting, renewing and loans and advances, make any investments, accept fresh deposits, etc, without the prior written approval from RBI.

Foodgrains production stood at 141.71 million tonnes in the kharif season of the 2018-19 crop year. Sowing of the kharif crops is almost complete and harvesting will begin from October onwards.

Post market hours on Friday, the GST Council reduced tax rate on hotel room tariffs, a move aimed at giving a boost to the hospitality sector.

The Sensex posted its biggest single-day jump in over a decade at 1,921 points on Friday after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates.