Bidding norms under SHAKTI-II coal auction raise concern



Earlier bidders in the SHAKTI auction were finding it difficult to meet their PPA obligations owing to shortfall in coal supply. The industry lobby has urged the Centre to review the guidelines and allow former participants as well.



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India's largest coal mine hit by a political war



There are allegations that the Congress-ruled Chhattisgarh govt is putting pressure on South Eastern Coalfields to not renew the contract with Sainik Mining whose promoter Rudra Sen Sindhu is the son-in-law of the late Sahib Singh Varma, a BJP leader and former chief minister of Delhi.



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Sensex slips over 150 pts; financial, energy stocks drag



In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company’s oil assets may take a hit due to the government’s imposition of cost controls on soaring petrol and diesel prices.



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