The government is mulling appointing six to seven merchant bankers to manage ten per cent stake sale in Coal India (Coal India) which is likely to fetch over Rs 17,000 crore to the exchequer.

Coal India will modify the fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadl

Mumbai: State-owned Coal India Ltd's mega initial public offer (IPO), which is expected to raise around Rs 15,000 crore, has received demands for more than twice the number of shares on sale, as of af