Coal India said to cut auctions to divert fuel to power stations
New Delhi: Coal India Ltd has cut the amount of the fuel it’s selling at competitive auctions to bolster supplies to power stations to meet demand, said people familiar with the matter. The government has asked the state-run monopoly to cut the quantity auctioned to increase coal supplies at... read more »
Jet Airways to offer full services on all-economy subsidiary JetKonnect
New Delhi: In a bid to take on competition from Tata-SIA Airlines Ltd’s Vistara airline which is yet to start operations, Jet Airways India Ltd on Thursday announced launch of full services even on its all-economy subsidiary JetKonnect from December and plans to consolidate into a single-brand.... read more »
Alibaba in funding talks with Snapdeal
BANGALORE: China’s Alibaba has been in talks with Snapdeal as it looks to enter India’s booming online retail industry, according to two people aware of the development. Alibaba, whose mammoth share sale in the US is underway, is considering investment in Snapdeal as one of its options... read more »
Nigeria’s $9.3M Scandal: Arms Meant For Armed Forces, Niger Delta Militants...
$1m is conservatively N163m. so, $9.3m is N1,514,502,583.61 at today’s exchange rate of $1 : N163. It means almost N2 billion cash found its way out of Nigeria in two private jets. And the jets took off from Abuja. Reports are suggesting one of the jets belong to Christian Association of Nigeria... read more »
