Briefly Business: Only explored coal blocks to be auctioned: Govt

Only explored coal blocks to be auctioned: Govt

New Delhi: The government on Wednesday said only those coal mines which have been explored would be put up for auction. "After detailed deliberations the government decided that only explored coal blocks would be put for auction," coal secretary S K Srivastava said while addressing a coal summit here.

President to open housing meet

NEW Delhi: The National Real Estate Development Council (NAREDCO) is organising the 11th National Convention on 'Sustainable Housing for Masses' on December 7 and 8 in New Delhi. The convention would be inaugurated by President Pranab Mukherjee.

Monnet Ispat close to buying Colombia mine

NEW Delhi: Monnet Ispat and Energy on Wednesday said it is in talks to acquire a coking coal mine in Colombia which may cost it anything between $50-75 million.

BSE appoints panel to select bankers for IPO

MUMBAi: Asia's oldest exchange, BSE has appointed a panel to select investment bankers for its public issue, which is slated to hit the markets in the first half of next year.

OECD 'completely wrong': Montek

NEW DELHi: Describing OECD's 4.4 per cent economic growth forecast for India in the current fiscal as "completely wrong", Planning Commission Deputy Chairman Montek Singh Ahluwalia said the think-tank does not know what it is doing.

Anil Agarwal may take a non-executive post

NEW DELHi: Metal king Anil Agarwal said he wants to hand over the reins of Vedanta Group to a professional CEO over the next 3-4 years as he plans to take the mentoring role of non-executive Chairman.

EC approves bailout of four Spanish banks

LONDON: The European Commission on Wednesday approved a payment of euro 37 billion, or $48 billion, from the euro zone bailout fund to four Spanish banks on the condition that they lay off thousands of employees and close offices as part of their restructuring.

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