The Danish bank detailed compliance and control failings amid growing calls for a European Union crackdown on financial crime after a series of money laundering scandals which have attracted the attention of USauthorities.

Jaitley promises funds to Andhra, TDP severs ties with NDAThe TDP quit the ruling NDA alliance led by the BJP at the Centre, notwithstanding the offer made by Arun Jaitley who had said his government was committed to meeting all promises made to Andhra Pradesh at the time of carving out of Telengana four years back. In a bid to pacify the sulking ally Telugu Desam Party (TDP), the Finance Minister today promised Andhra Pradesh funds equivalent to what a special category state receiv...

Banks and asset reconstruction companies are saddled with large number of such complex assets. When there is a huge difference between the book value and market value who will take the hair-cut?

While only the masala flavour of the noodles was imported into the UK from India, the Food Standards Agency (FSA) had decided to test all samples of the product to check for levels of lead after a controversy in India.

The PSU further said that it offers to supply imported coal for the year 2015-16, under the provisions of fuel supply agreement (FSA) entered with the power utilities in the post 2009 FSA model.

According to the source, Coal India may take a decision of allowing the e-auction of coal up to 10 per cent.

\"As far as coal-based thermal power plants are concerned, a capacity of 7,230 MW is already commissioned but having no coal supply. Considering an indicative cost of Rs 5 crore per MW, an investment of about Rs 36,150 crore has been made in the execution of these projects,\" Minister of State for Power Piyush Goyal said in the Lok Sabha.

The Cabinet had in June, last year decided that coal may be supplied to similarly placed projects without affecting 78,000 MW of power projects.

As Prime Minister, Narendra Modi will face a huge challenge in bringing the economy back on track. The current GDP growth rate of less than five per cent is a record low in the past decade. Modi sold hope in his campaign, it is now time for him to deliver.

The power units of both GMR and Sterlite, which have been allocated captive coal blocks but they were not be developed in time due to absence of environmental clearances, at present enjoy tapering linkage or short-term supply.

Net sales during the October-December quarter declined 2.3 per cent to Rs 16,928.13 crore from Rs 17,325.04 crore in the year-ago period.

Coal blocks allocation controversy saw its flames reaching high offices such as PMO, besides stalling Parliament sessions and the CBI filing charges against likes of Birla empire scion Kumar Mangalam Birla.

\"A Presidential Directive has been issued to Coal India Ltd (CIL)... Accordingly, 157 FSAs have been signed so far for a capacity of 71,145 MW,\" said Minister of State for Coal Pratik Prakashbapu Patil in a written reply to the Rajya Sabha.

There are modifications in the provisions of model FSAs applicable for the existing and new power utilities for State Electricity Board and state Gencos, said Coal India in a letter.

The PSU produced 35.03 million tonnes (MT) of coal during the month against a target of 40.82 MT. It missed its offtake target of 41.55 MT during the month, registering an actual offtake of 35.51 MT.

Coal India will float tender to select an agency (like MMTC, STC) who will import the coal on its behalf and the same will be completed within this fiscal.

The recall will impact different batches of Figo and Classic models manufactured between January 2010 and June 2012.

So far Coal India has entered into fuel supply agreements with 140 power plants. It has to sign 173 FSAs for a combined capacity of 78,000 MW.