Coal news and updates

Coal India in focus after inauguration of two coal mines

Coal India will be in focus after two new coal mines with a total capacity to produce 6.75 million tonnes of coal per annum were inaugurated by the Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Piyush Goyal yesterday, 26 October 2015. The two new coal mines belong to Western Coalfields (WCL) and are situated in Nagpur district in Maharashtra. WCL is a wholly-owned subsidiary of Coal India.

Among key corporate earnings, Axis Bank, Lupin, Maruti Suzuki India and Vedanta are set to announce their Q2 earnings today, 27 October 2015.

Stocks of real estate companies which have their operations focused in Mumbai will be on investors' radar after the finance ministry issued a clarification stating that no service tax will be applicable on sale of flats/dwellings etc. in areas under the jurisdiction of Brihanmumbai Municipal Corporation (BMC) in cases where the entire consideration for the sale of flats has been received after issue of occupancy certificate by BMC.

Source: Business Standard