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IFC to provide $50 mn loan to Apollo Hospitals
World Bank Group member International Finance Corporation (IFC) today said it will give $50 million loan to healthcare major Apollo Hospitals for providing high quality services to smaller cities across the country.

Bike sales vroom 32% in Nov
Led by market leader Hero Honda, two-wheeler manufacturers posted an impressive growth in sales during the month of November on the back of favourable bank lending rates and a good response to new launches. Heavy promotional campaigns and sales offers by most companies also aided demand.

News of the day

BSE to include 25 scrips in mid-cap index
The Bombay Stock Exchange (BSE) today said it has decided to include 25 scrips in thw BSE mid-cap index with effect from January 11.
Corporate

Coal India's EoI for mine acquisitions attracts 52 global cos

The country"s largest coal producer, Coal India, today said 52 global companies have expressed interest in partnering with it for acquiring mines overseas, especially in Australia, Mozambique and Indonesia. - Coal India"s exploration arm to invest Rs 108cr in expansion - CIL to commission 19 washeries entailing Rs 3K cr investment - Sadbhav Engineering bags order for Rs 225 cr from CIL"s subsidiary - CIL set to remove imported coal clause for consumers - CIL seeks approval for compensatory shares out of divestment - Govt may sell 15% stake in Coal India "We have asked for global expression of interest. It has evoked a lot of response from the world over. Fifty-two companies have expressed interest," CIL Chairman Partha S Bhattacharyya told reporters on the sidelines of the second coal summit here. To meet the growing demand of coal in the country, CIL is considering acquisition of coal properties overseas, specially in Australia, Mozambique and Indonesia. It expect to buy at least one mine overseas in the current financial year. CIL has appointed Royal Bank of Canada to conduct due diligence for exploring Australian coal properties.


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