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Rising rupee a big worry for exporters
Over 10 per cent rise of rupee against the US dollar has become a "big worry" for exporters at a time when they saw arrest in sharp decline in the country"s exports amid a hope of recovery. http://smallpersonalloans.org.uk

BoR ties up with Bajaj Auto to offer vehicle loans
Private-sector lender, Bank of Rajasthan(BoR) today entered into a tie-up with Bajaj Auto to offer two-wheeler loans.

News of the day

Power ministry floats Cabinet note to push open access
In a move that could finally open up the power market in India, the power ministry has floated a Cabinet note to resolve a contentious issue in implementing open access that allows large users — typically consuming 1 Mw and above — to choose their electricity supplier.
Corporate

Coal India's EoI for mine acquisitions attracts 52 global cos

The country"s largest coal producer, Coal India, today said 52 global companies have expressed interest in partnering with it for acquiring mines overseas, especially in Australia, Mozambique and Indonesia. - Coal India"s exploration arm to invest Rs 108cr in expansion - CIL to commission 19 washeries entailing Rs 3K cr investment - Sadbhav Engineering bags order for Rs 225 cr from CIL"s subsidiary - CIL set to remove imported coal clause for consumers - CIL seeks approval for compensatory shares out of divestment - Govt may sell 15% stake in Coal India "We have asked for global expression of interest. It has evoked a lot of response from the world over. Fifty-two companies have expressed interest," CIL Chairman Partha S Bhattacharyya told reporters on the sidelines of the second coal summit here. To meet the growing demand of coal in the country, CIL is considering acquisition of coal properties overseas, specially in Australia, Mozambique and Indonesia. It expect to buy at least one mine overseas in the current financial year. CIL has appointed Royal Bank of Canada to conduct due diligence for exploring Australian coal properties.


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