Briefly Business: Coal Ministry returns three blocks to NTPC

Coal Ministry returns three blocks to NTPC

New delhi: Three forfeited coal blocks of NTPC have been given back to the country's largest power producer after getting approval from the Law Ministry, a development that will boost the company's valuation prior to its share sale.

LIC sells Dr Reddy's shares for R875 crore

New Delhi: Drug firm Dr Reddy's Laboratories on Tuesday said state-run Life Insurance Corporation has cut its stake in the company to 6.31 per cent by selling shares worth Rs 875.29 crore in the open market.

SBI expecting profit of R14,000-15,000 crore

Bhubaneswar: State Bank of India expects a net profit of up to Rs 15,000 crore in this fiscal, against Rs 11,700 crore in the last financial year, chairman Pratip Chaudhuri said adding that the bank expected to retain Rs 7,400 crore profit during the last quarter.

Tops Security booked for service tax evasion

New Delhi: The revenue department on Tuesday said it has booked a case against Mumbai-based firm 'Tops Security Ltd' for alleged evasion of service tax, which including the interest, is estimated at Rs 90 crore.

Suzuki chairman to attend board meeting

NEW DELHI: Osamu Suzuki, the chairman of Maruti Suzuki's Japanese parent, Suzuki Motor Corporation, is expected to attend the carmaker's board meeting in Delhi on Friday where the third quarter financial results would be taken up.

Father of Prius set to be Toyota chairman

TOKYO: Takeshi Uchiyamada, who led the development of Toyota Motor's Prius hybrid car, is set to become the firm's chairman, said two executives.

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