New Delhi Television reported that the Supreme Court of India believes that "the heart" of the Central Bureau of Investigation's (CBI) Coalgate report draft was altered as a result of government suggestions. That's in contrast to the CBI's claim that the "central theme of the status reports have not changed."
Articles Tagged "india"
Reuters reported that the Indian government plans to sell a 10-percent stake in Coal India Ltd. (BSE:533278) via a share auction that it hopes to launch by August or September. This week, it is set to invite bankers and advisers to bid to manage the offering.
The Times of India reported that Ranjit Sinha, director of India's Central Bureau of Investigation (CBI), filed an affidavit stating that changes were made to the CBI's draft report on Coalgate as a result of suggestions put forward by Union Law Minister Ashwani Kumar and others. Previously, Sinha had said that while government officials saw the report, he had not allowed any "substantive changes" to be made.
Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
Investors nervously watched this week to see if coal producers would be weighed down by bad weather and higher taxes.
Japan is joining Asia’s battle for coal resources. Who will benefit from the rush for new supply?
The US is pushing to block coal exports as Japan and India compete for supply.
Bloomberg reported that Indian coal imports rose by 35 percent in February, year-over-year.
Can investors still make money investing in the beaten-up US coal sector?
Can import-hungry India pass China as the world's largest coal consumer?