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Coal revival drive: ECL reopens two closed mines under MDO model; aims to cut losses and lift output

In a major step towards restructuring its operations, Eastern Coalfields Ltd (ECL) has reopened two previously closed mines under the Mine Developer and Operator (MDO) revenue-sharing model. The move, inaugurated virtually by Union Coal Minister G Kishan Reddy on Saturday, marks a strategic shift aimed at reviving loss-making assets and improving operational efficiency, PTI reported…

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US markets today: Amazon’s blockbuster earnings lift Wall Street toward record highs; Big Tech results keep rally on track

Wall Street moved higher on Friday, powered by a sharp rise in Amazon shares that helped push the S&P 500 near record levels and positioned it for another strong week and month. The S&P 500 climbed 0.6%, recouping most of Thursday’s losses and nearing its all-time high set earlier in the week. The index is…

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GST rationalisation: Organised apparel retailers to see 200 bps growth lift; festive demand, affordability key drivers

The recent rationalisation of Goods and Services Tax (GST) is expected to lift revenue growth in India’s organised apparel retail sector by about 200 basis points this fiscal, keeping it steady at 13-14 per cent for the second consecutive year, according to Crisil Ratings. The assessment is based on an analysis of nearly 40 organised…

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Silver hits Rs 2 lakh mark in Chennai: Festive rush, global rally lift prices to record high; market sees 28% fortnightly jump

Silver prices in Chennai crossed the Rs 2 lakh per kilogram mark on Thursday amid surging festive demand and a strong global rally in precious metals.According to data from Goodreturns, quoted by Economic Times, silver stood at Rs 2,06,000 per kg, or Rs 206 per gram, in the city’s physical market, marking a nearly 28%…

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Push US to lift Chabahar curbs, Afghanistan minister urges policymakers | India News

NEW DELHI: Afghanistan’s foreign minister Amir Khan Muttaqi urged Indian policymakers to push for the removal of US restrictions on the strategic Chabahar port.At an interaction organised by industry chamber Ficci, Muttaqi said Afghanistan wants “optimum utilisation” of Chabahar and wants India to raise the matter with the US. “Both countries (India and the US)…

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‘Let children celebrate’: NCR states urge SC to lift ban on crackers; propose bursting of green crackers in Diwali | India News

NEW DELHI: The National Capital Region (NCR) states on Friday requested the Supreme Court to allow the bursting of green firecrackers in Delhi and surrounding areas during Diwali.Solicitor general Tushar Mehta, representing the NCR states, told a bench of Chief Justice B R Gavai and Justice K Vinod Chandran that green firecrackers could be permitted…

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