COAL INDIA EMPLOYEES
India's fast-growing economy has a problem
India faced criticism for withholding a labor survey revealing high unemployment until after Modi's re-election in 2019.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Triangular contest: Industrialist Naveen Jindal faces big fight in Kurukshetra
The outgoing MP in the Lok Sabha from Kurukshetra is Nayab Singh Saini who had replaced M L Khattar as the Haryana chief minister in March and is now contesting the Karnal assembly bypolls on May 25, the day when voting for all the 10 Lok Sabha seats will be held. Jindal switched from Congress to the Bharatiya Janata Party (BJP) in March. While in Congress, he represented Kurukshetra between 2004-2014. His late father and noted industrialist O P Jindal has also represented Kurukshetra earlier.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Q4 results today: Adani Enterprises, Coal India among 49 companies to announce earnings
49 companies, including Adani Enterprises and Coal India, will announce Q4 results today. Notable companies include Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto and KPR Mills.
Coal India Q4 Preview: Net profit seen falling QoQ; strong operational show expected
Coal India's performance in Q4 demonstrates promising growth, marked by increased EBITDA and net profit. A robust operational performance is anticipated for the quarter ending March 2024, propelled by reduced employee expenses and strategic measures implemented by the company.
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Sour grapes? China thinks Tesla's India biz will be doomed
China has expressed disapproval of Elon Musk's plan to open a Tesla factory in India. The Global Times has predicted challenges for Tesla in the immature Indian market, recommending India to partner with Chinese companies for EV manufacturing.
As mercury begins to soar, India Inc steps up to keep workers sun-safe
As India braces for a hot summer ahead, companies across various sectors are implementing measures to protect their workers from the scorching temperatures. From ecommerce giants to real estate developers and oil companies, efforts include restricted work hours, flexible schedules, resting areas, access to refreshments, healthcare facilities, and breathable clothing.
Amazon India’s largest seller Appario sold to Clicktech
Clicktech acquires Appario, Amazon's top seller, as Amazon divests stakes to comply with ecommerce norms. Appario becomes Clicktech's owned subsidiary, part of Amazon's strategy to expand product offerings on the marketplace.
Govt garners Rs 16,507 crore via public sector enterprises disinvestment in FY24
The budget had pegged disinvestment proceeds for 2023-24 fiscal at Rs 51,000 crore. However, the revised estimates (RE) on February 1, 2024, did away with separate head for disinvestment receipts.
Rashmi Group forays into mining, secures three coal mines in West Bengal
Rashmi Group has secured coal mining rights in West Bengal, acquiring three coal mines through the Union Ministry of Coal. These mines, allocated via auction, signal a significant move in the state's industrial landscape. The company received 715.58 acres of land at Kagra Joydev Coal Block, previously allotted to DVC, after cabinet approval. This step sets the stage for employment opportunities and regional development. Sanjib Patwari, the group's promoter, emphasized their commitment to sustainable employment.
Adani arm acquires majority stake in IANS India
In a regulatory filing, billionaire Gautam Adani-controlled Adani Enterprises said the stake comprised Category I and II shares with voting and non-voting rights, respectively. The remaining 49.5% stake will be held by Sandeep Bamzai, also the CEO and Editor-in-Chief of IANS.
Jefferies upgrades Coal India to buy; 5 reasons why stock may surge 23%
Jefferies said in a note that Coal India's volume growth trajectory has improved and will likely sustain amid India's strong economic growth outlook and rising power consumption.
Q2 Results on Friday: What to expect from M&M, Coal India, LIC and Hindalco
Among index majors, Coal India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra, and Oil and Natural Gas Corp are set to release their quarterly numbers.
I used to dream about big things, about being at NASA: Goutam Chattopadhyay
Goutam Chattopadhyay, senior research scientist at Jet Propulsion Laboratory, NASA, speaks about his humble start, the work that interests him and India’s scientific growth
Trade unions defer strike at Coal India establishments
Trade unions representing Coal India employees have postponed their planned strike after a court ordered the company to pay salaries according to the latest wage agreement. The strike, which was scheduled for October previously, aimed to secure higher wages for non-executive employees in line with the National Coal Wage Agreement.
Trade unions demand wage revision for non-executives, threaten 3-day stir in Coal India
Central trade unions in India, including Bharatiya Mazdoor Sangh and All India Trade Union Congress, have demanded that non-executive employees of Coal India receive salaries according to the latest wage pact. They have threatened a three-day strike if their demands are not met. The trade unions want the salaries to be based on the National Coal Wage Agreement (NCWA) XI.
Coal India plans policy for financial assistance to future mountaineers
Coal India Limited (CIL) is considering a policy to provide financial aid to support future mountaineers, according to the company’s chairman PM Prasad. Speaking during the ‘Everest Summit’ event, organised at the convention centre of Central Coalfields Limited (CCL), Prasad noted that while mountaineering is difficult but also costly. Fourteen climbers were felicitated for successfully conquering Mount Everest.
Coal India shares gain 2% despite weak Q1 show. Should you buy them?
Jefferies on the other hand took a 'Hold' stance while Kotak Institutional Equities recommended 'Reduce' based on the continuing downward trend in auction prices which it said weighs on the profitability of the company.
Mahanadi Coalfields to provide VR-based safety & operational training to 17,000 workforce
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, has introduced a Virtual Reality (VR)-based programme to provide safety and operational training to its 17,000 employees. The company has assigned a ₹6.5 crore budget to enhance the skills of coal miners. The programme will utilise 18 training modules using VR technology for departmental as well as contract employees.
Coal India executives threaten to hold strike over pay conflict
All India Association of Coal Executives (AIACE), in a letter, to the Coal India chairman said that the new wage agreement for non-executive employees will result in a pay conflict with executives.
Govt nod to hike in wage of Coal India non-executive employees
The agreement was reached in May by the Joint Bipartite Committee for the Coal Industry (JBCCI)-XI consisting of representatives of CIL management, Singareni Collieries Company Limited (SCCL), five central trade unions - BMS, HMS, AITUC, CITU and Indian National Mine Workers' Federation (INMF).
Coal India chief says fuel price could be linked to inflation
Prices of domestic coal used for generating power have not been revised in the past five years. Coal India chairman and MD Pramod Agrawal said the company is looking at linking fuel prices with parameters so that smooth price increase can happen in future.
Coal India to sell 92.44 lakh shares to employees through OFS
The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route, the state-owned company informed stock exchanges on Monday.
Govt to sell up to 3% stake in Coal India via OFS
The government will offload about 9.24 crore shares, which represents about 1.5% stake through the OFS, and in the case of oversubscription, an additional 1.5% stake will be under sale.
India's workers are trapped in a vicious cycle of coal and heat
Continued reliance on the dirtiest fossil fuel means the world’s most populous nation is making its climate troubles worse.
Coal India concludes wage revision pact with non-executive workers; agrees on 25% hike in allowances
Around 2.81 lakh employees of CIL & SCCL who were on the rolls of the company as on July 1, 2021, would be the beneficiaries post-implementation of the agreement.
Coal India shares fall over 3% after Q4 results. Should you buy or sell?
Coal India's shares fell by 3.2% to Rs 230 on Monday after reporting an 18% YoY decline in consolidated net profit for Q4 FY23 at Rs 5,528 crore. However, for FY23, the state-owned Maharatna firm posted a massive 62% YoY growth in profit after tax at Rs 28,125 crore. Despite provisioning a massive Rs 8,153 crore towards wage revision for non-executive manpower, higher volume sales and increased premiums in e-auction bolstered the company’s profitability. While Jefferies retained a hold rating, Motilal Oswal retained a buy rating for Coal India.
Q3 results impact: Tata Motors, Zomato among over 35 stock upgrades and downgrades
A team of analysts from global brokerage firm Jefferies has raised the FY23 earnings estimates for 47% of 147 companies under its coverage network. Downgrades were made to 46% of companies, resulting in higher upgrades than downgrades for the first time in five quarters.
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