If you want to know which way the investment winds are blowing, you can't get a better articulation on it than from Kumar Mangalam Birla, boss of the Aditya Birla group.<br /><br />
Former Coal Secretary PC Parakh, who has been charged with alleged irregularities in the allotment of coal mine to Aditya Birla Group, on Saturday said he had on paper given full reasons for preferring Hindalco over a PSU for allocation of the coal block.
The Deputy chairman of the Planning Commission clarified the ongoing investigation into the coal allocation is a high-profile case where the government has come clean.<br /><br />
Agitated over CBI's FIR which named former Coal Secretary P C Parakh as an accused in the coalgate scam, central IAS officers' association has decided to approach highest authorities in the government to ensure necessary safeguards for bureaucrats who make honest decisions.
The CBI is also currently conducting searches in Delhi, Kolkata, Bhubaneswar and Mumbai in connection with the coal scam.
The Coal Ministry today issued show cause notices to 11 coal firms, including JSPL, Monnet Ispat, NTPC and GVK Power for not developing the mines allotted to them and sought an explanation for delays in production, failing which mines would be de-allocated
Filmmaker Prakash Jha has received a legal notice from the Birla group of companies over the controversial lyrics of a song from his upcoming film Chakravyuh and insists he did not intend to disrespect anyone.