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Small states' genie now out
Learn lessons from Jharkhand

Sensex in red in opening trades
The Sensex has opened down 22 points at 16,826. The index is now down 25 points at 16,825.

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Govt re-drafts Bill to control communal violence
UPA government"s much-touted Bill to prevent and control communal violence is back to the drafting table.
Public Company

Coal India to go 'Public Ltd' before divestment

Paving way for its disinvestment, the country"s largest coal miner, Coal India, will soon become a "Public Ltd" company from a private one at present. "For disinvestment and coming out with public offer, the pre-requisite is to become a public limited company. We will adopt a resolution in a month or two to become a public Ltd company from private Ltd at present," Coal India Chairman P S Bhattacharyya said over phone from Kolkata. Coal India produced about 403 million tonnes of coal in the last fiscal. The company has a capital expenditure plan of Rs 3,200 crore for this fiscal and aims to increase production by 7.5 per cent to 435 million tonnes by the end of the current financial year. Coal India had a profit before tax of Rs 8,738.46 crore in the last fiscal.


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