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Government giving Rs 8,000 as diwali bonus? PIB responds to viral claim
The Press Information Bureau issued a warning about fraudulent WhatsApp messages claiming an Rs 8,000 Diwali bonus. These messages ask recipients to click on links to access a fake payment website. The messages aim to collect personal information and trick users into unauthorized transactions. Citizens are advised to verify such claims through official government websites and not to respond to suspicious messages.
The Ministry of Defence has signed contracts worth 53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy. Under the deal, GRSE will build five warships and GSL the remaining three.
SP leader Azam Khan moves Supreme Court challenging ED arrest in Jauhar Trust money laundering case
Samajwadi Party leader Azam Khan has taken his case to the Supreme Court following his recent detention by the Enforcement Directorate. After his arrest related to the Jauhar Trust, a special court in Ghaziabad placed Khan in 14 days of judicial custody. His legal team has filed a plea for a hearing, though the court has denied an urgent review at this time.
Panchkula School Case News: A Class III student allegedly attacked a six-year-old KG girl at a Panchkula government school using a brick kept as a classroom doorstop. He initially blamed other students but later confessed, claiming she used to tease him. Police have also flagged security lapses, while the school principal and two teachers have been suspended.
Bangladesh garment sector hit by wage unrest; Govt sets up review board
Bihar CM appeals taxpayers to surrender free power
Festival Demand, Affordability Drive 12.4% Rise in Oct Car Wholesales
India's passenger vehicle wholesales increased by 12.4 per cent year-on-year in October, reaching 528,384 units, driven by robust festival demand, GST rate cuts, income-tax relief, and low interest rates, which collectively improved vehicle affordability.
Stock Markets Today: Sensex. Nifty Surge on Reliance Boost
Indian benchmark indices, Sensex and Nifty, saw significant gains in early trade, primarily driven by a strong performance from Reliance Industries following its record quarterly profit announcement and a notable decline in global crude oil prices. Positive foreign fund inflows and a buoyant trend in Asian markets further contributed to the market's optimism.Track Sensex, Nifty on November 2.
IDBI Bank Sale Is Not A Flash In The Pan
The IDBI Bank stake sale could generate over Rs 26,500 crore, helping the government surpass its annual divestment target, notes A K Bhattacharya.
L&T bags orders for residential and commercial projects in 3 cities
Larsen & Toubro has announced securing multiple construction orders from a significant client in various cities. Projects include high-rise residential towers in Mumbai and Bengaluru with varying basement and floor counts. Additionally, a premium commercial tower is set to be constructed in Hyderabad. The company is also continuing with add-on orders for its ongoing projects. These undertakings highlight L&T's commitment to enhancing infrastructure in major urban areas.
Kotak Mahindra Asset Management Company (AMC) has launched the Kotak Nifty Realty Index Fund, an open-ended passive scheme tracking the Nifty Realty Index. Here's all you should know before investing
Government notifies new airfare rules, allows intervention in extraordinary situations
The government has notified new rules allowing it to intervene in airline ticket prices in extraordinary situations and in the public interest, amid concerns over high airfares in the backdrop of elevated crude oil and Aviation Turbine Fuel (ATF) prices.
'Excellent progress': Ashwini Vaishnaw inspects India's first bullet train manufacturing at BEML
'Excellent progress': Ashwini Vaishnaw inspects India's first bullet train manufacturing at BEML
Cyclone Arnab aftermath disrupts IndiGo flights in Visakhapatnam, airline issues advisory
IndiGo has issued a travel advisory due to disrupted flight operations in Visakhapatnam caused by Cyclone Arnab. The airline warned passengers about potential extended waiting times both on the ground and onboard. Passengers are encouraged to visit the official website for the latest flight updates regarding their travel plans. Heavy rainfall is expected in Andhra Pradesh and neighboring states as the cyclone approaches the coast.
India's Top IT Firms Add 16,055 Employees
Experts cautioned that this headcount increase does not necessarily indicate a return of steady demand, which has evaded them over the last few years.
Melissa Rycroft, former 'Bachelor' star, has been arrested for her second Driving While Intoxicated charge. This latest incident occurred after she pleaded guilty to a previous DWI charge in September. She was initially sentenced to 20 months probation and various fines for her first offense. Rycroft has faced multiple charges, including driving with an invalid license and causing property damage.
Gold and silver prices today, 2 November: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Weekly policy watch: Manufacturing, services PMI & forex reserves in focus
India's policy agenda this week will centre on manufacturing and services activity, along with fresh forex reserves data
8th Pay Commission pension calculator: Check how existing basic pensions from 25,000 to 75,000 could change under hypothetical fitment factors of 2.5, 3 and 3.5, alongside key pension demands from employee unions.
Prabhas' marriage plans have often sparked curiosity, with SS Rajamouli once joking that the actor was too lazy to get married. The Baahubali star has also admitted that he is shy and finds it difficult to meet people. In an interview with India Today Digital, he said he understands fans' concern about his wedding.
Ajay Devgn has filed a petition with the Bombay High Court in response to a notice from the Maharashtra FDA regarding his appearance in Vimal Elaichi ads. The FDA contends that these ads promote a banned product. Commissioner Tukaram Munde affirmed that legal procedures will be followed. Read on!
Chinas 5,000-ton digging machines are a trade war risk to India
China is tightening export controls on tunnel-boring machines and other specialised construction equipment, raising concerns that the restrictions could disrupt India's infrastructure projects, particularly along the disputed Himalayan border.
After the Union Cabinet approved a 3% DA increase for central government employees; the Tamil Nadu and Rajasthan govts also raised DA by 3% each, while Madhya Pradesh and Chhattisgarh announced 2% hikes each for state employees and pensioners.
India's consumers are back, but its stock market is still lagging
Indian stocks have underperformed global markets for more than two years, losing nearly half their value, as foreign capital fled
Railway Minister Ashwini Vaishnaw says a bullet train could link Bengaluru and Chennai in just 73 minutes. Today, the fastest train takes 4 hours 25 minutes, and others take up to 6 hours. A flight takes about an hour in the air. No date has been announced yet.
The concert economy hits a high note
From selling tickets to building experiences and engagement, the live entertainment scene is changing the beat
Cruising to a million bon voyages
Operators and ports draw up expansion plans as India targets doubling cruise passenger traffic by 2029
India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman Sachs
The Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pressures observed in the first half of the fiscal year. The government's fiscal position improved significantly in September compared to August, aided by higher direct tax revenues. Focused expenditure reallocation will be crucial in achieving the deficit goals.
China lowers funding costs with shift to overnight policy rate
China's central bank has implemented a major alteration to its monetary policy by establishing an overnight lending rate, which injects substantial liquidity into the banking sector. This initiative seeks to alleviate costs for financial entities and stimulate economic growth in light of increased credit risks. Experts estimate this change could lower interest rates by 15 basis points, thereby maintaining profitability among financial institutions.
India likely to meet FY27 fiscal deficit target of 4.3% despite energy price risks
Strong corporate tax receipts and controlled subsidy spending are supporting the Centres fiscal position, even as energy-related risks persist
AIRF presented its demands to the 8th CPC, seeking better pay scales and risk, hardship, hazardous-duty and dress allowances for its employees. It highlighted railway works round-the-clock and raised concerns for running staff, track maintainers, technicians.
Sukanya Samriddhi Yojana taxation explained: Find out whether SSY maturity proceeds and interest are tax-free, how Section 80C deductions work under the old tax regime, and the key deposit limits, account rules and maturity conditions parents should know.
Top tech and startup stories to start your day with
The Bandra-Worli Sea Link lit up with a Shah Rukh Khan and King tribute ahead of his 61st birthday on November 2. The superstar sneaked out for a drive to photograph the display and thanked Google Gemini on X. His Mumbai home, Mannat, also featured larger-than-life projections from the upcoming film.
Jailer 2 was released on October 15 and has been performing remarkably well at the box office. After 18 days, the film has crossed the Rs 800 crore mark globally. The movie's domestic gross collection has reached Rs 533.75 crore, making it the highest-grossing Tamil film in India. Read on to know how much it earned on day 18 in India.
Hack fears send $3.64 billion rushing out of Binance
Life insurance and MWP Act: How it protects family
Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the MWP Act can ensure greater protection for your family.
Indian funds lag in climate risk disclosure
A recent study reveals that India's $900-billion asset management sector lacks climate scenario analysis disclosures. Twelve mutual funds, representing over 80% of assets, scored zero in stress testing. This gap contrasts with findings from Asian peers who share some level of climate analysis. Rising climate risks in India could threaten up to $250 billion in annual output by 2030.
What investors should learn from Lionel Messi
A young Messi relied on explosive speed and amazing dribbling to beat defenders. As he grew older, he used experience, positioning and passing to influence matches. He remained exceptional because he adapted. Investors must adopt a similar transition.
Diwali giving: Don't ignore these red flags
Bala is helping decorate for Diwali when he comes across his old football boots, a stack of comics hes outgrown and a torch that still works. His mother asks what he plans to do with them. Nothing, theyre taking up space, he says. Then he remembers Aisha next door, whos been asking her parents for a torch for weeks. Bala looks at the pile differently now.
AI investing: Dos and donts for small investors
What should the small investor do about this AI revolution in the making? The simple answer is nothing. No one can tell whether AI is a boon, a disaster, or a bubble. Its probably all of these, but its impossible to tell when, or in what order. The temptation to invest on the news is always there, but at this point, our job is to ignore the machine that will keep producing these stories
Diwali 2026: 9 fund managers reveal top picks
This Diwali, investment experts advise a strategic approach focused on asset allocation rather than luring high-growth stocks. Sectors like banking, financial services, and premium goods present promising opportunities. While gold should only occupy a small fraction of a diversified portfolio for risk management, short-duration debt funds gain favour as interest rates shift. Maintaining discipline and patience is essential for long-term investment success.
Should you buy gold now? Experts see more upside
Gold prices have experienced a notable drop, creating favorable opportunities for those looking to buy during the festive and wedding seasons. Experts suggest that gold demand may rise in the near future. Nevertheless, market volatility driven by US Federal Reserve rate changes should prompt caution among investors. It is essential for buyers to evaluate their financial objectives and consult with financial advisors regarding suitable gold investment strategies.
Diwali declutter: 4 ways to strengthen your finances
As the festive season of Diwali nears, its wise for individuals to take a fresh look at their investment portfolios. This reflection can shed light on stagnant investments and empower improved financial planning. Financial experts advocate for a disciplined approach to asset distribution and routine portfolio assessments. Some investors may still cling to non-performing mutual funds and insurance that limit their potential growth.
Diwali giving: Small acts that change lives
An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone elses life, long after Diwali.
From gold to SIPs: How investment habits are changing
Indian households are re-evaluating their asset allocations as gold holdings rise and equity investments remain stable. Recent data reveals a significant increase in household wealth, particularly in gold and real estate. Households are moving from traditional savings to market investments, notably through systematic investment plans. Meanwhile, financial behaviors are changing, with more monthly contributions being made to equities.
Shah Rukh Khan has released the first song from his upcoming movie King, celebrating his birthday. The song, featuring Deepika Padukone, is titled Tu Mil Jaaye and includes vocals by Arijit Singh and Ed Sheeran. Directed by Siddharth Anand, King is set to release in cinemas on December 24, 2026. Read on!
Digital payments firms race to fortify defences
Micro occasions fuel demand surge across quick comm
New GST norms to simplify expansion for D2C brands
Data centre firm STT GDC India goes on sale
India's GST collections in October reached 2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
TSMCs $265 Billion Campus Is Driving a Real Estate Boom in the Phoenix Suburbs
The worlds biggest chipmaker is pulling in suppliers, home builders and Taiwanese investors who have seen firsthand how the company can change a local economy.
One nation, many opportunities: Why India's many elections may be keeping protests peaceful
People across India are protesting peacefully, contrasting with violent agitations seen in other countries. The 'one nation, multiple elections' framework allows diverse political benefits to be shared among parties. This electoral model keeps governments accountable and responsive to public needs. Elections help to channel frustrations and enable citizens to express their concerns. As a result, the political landscape remains dynamic and participatory, fostering a sense of empowerment.
CII calls for GST-like reforms in land, labour & local approvals
CII has called for extending the GST Council's approach to decriminalise offences in various sectors. This move aims to enhance ease of doing business and attract investments in land, labour, and construction. The organisation emphasizes the importance of simplifying regulatory processes across different government tiers.
Kylian Mbappe scores penalty to secure 3-0 victory for Real Madrid against Racing Santander
Kylian Mbapp moved past a difficult week by scoring a crucial penalty for Real Madrid. He helped his team win 3-0 against Racing Santander on Sunday. Prior to this match, he narrowly missed winning the Ballon d'Or to Harry Kane. Following the award announcement, he issued an apology for a social media video. The video contained a joke about former Chinese leader Mao Zedong, which stirred controversy.
Harry Kane had a disappointing game for Bayern Munich against Dortmund despite the pre-game celebrations. He missed a penalty during the match, hitting the crossbar instead of scoring. Kane did manage to assist one goal and was active throughout the game. This draw kept both teams level on points at the top of the Bundesliga. Despite the outcome, Kane remains a key player for his team.
State-run general insurers to submit turnaround plans
State-run general insurers must submit board-approved plans to the government for reducing unprofitable business segments. The government aims to evaluate the performance of these companies based on a time-bound roadmap for organic solvency. Policies regarding better pricing, oversight, and structured reinsurance for risky insurance areas are also being emphasized.
Fears of World War III are growing amid rising tensions between the US and Iran, with President Donald Trump abruptly cancelling his scheduled campaign events over the weekend. The developments have raised questions about whether the conflict could escalate and whether American civilians could eventually be called up for military service.
Solar module cos seek more time to comply with local sourcing
Solar module manufacturers in India are raising concerns about the local availability of cells for production. They have requested an extension of the sourcing deadline beyond January 2024 to address these issues. The Renewable Energy Manufacturers Association has highlighted a significant gap between module production capacity and cell supply. Current regulations mandate that solar cells must come from approved local manufacturers for projects.
Mass brands give liquor companies a hangover
Hina Khan revealed recently that she married her partner, Rocky Jaiswal, with no fanfare, and the ceremony took less than 15 minutes, and the marriage was a now-and-never situation, as she was battling advanced breast cancer at the time.
Microsoft techie shares reality of his job in viral video: 0% lifestyle, 100%...'
Employees from big organisations usually flaunt their perks in viral videos. However, one video that has gone viral shows a Microsoft employee at his desk, working.
McDonalds India bets big despite cost heat
Andhra Pradesh beats Tamil Nadu to win Rs 1,614 crore investment from three Hyundai, Kia suppliers
Three South Korean automotive component manufacturers have committed to invest 1,614 crore in Anantapur, Andhra Pradesh. Hwashin, Seoyon, and Iwamet have signed MoUs with the state government for setting up facilities. The investments follow Andhra Pradesh's proactive efforts to attract global manufacturing investments. These projects are expected to create 1,418 jobs, enhancing the region's automotive manufacturing capabilities.
With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins. The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers. Although recent reports indicate a decrease in net profit, digital commerce still surged by 42%. Jeyandran Venugopal, the chief executive, expresses assurance in maximizing current assets for growth while steering clear of extravagant competitor expenditures.
Julie Mayes, a former community support worker at The Carrbridge Centre in Wirral, Merseyside, has won 2,160.81 in compensation after an employment tribunal ruled that she was unfairly dismissed. She had raised concerns about chief executive Matthew Gibbs' alleged aggressive behaviour towards employees and volunteers. During one confrontation, Gibbs reportedly screamed I am the CEO in her face after she tried to intervene in an argument with volunteers.
AB InBev sets aside $30 mn for Telangana dues
Mumbai: Anheuser-Busch InBev, the world's largest brewer, has set aside $30 million against outstanding payments from the Telangana government, highlighting the financial risks of operating in India's state-controlled alcohol market, where delayed payments and restrictions on price increases are squeezing brewers.The disclosure comes amid wider industry concerns over nearly $400 million Telangana owes to alcohol companies in dues. Industry groups have accused the state of breaching accounting rules over the outstanding payments.Also read: Govt to meet liquor firms as domestic giants join foreign peers in Scotch disputeUnder the state's system, liquor companies supply products to government-run depots, which then distribute them to retailers, leaving manufacturers dependent on the government for payments.Telangana is one of India's biggest beer-consuming states by volume. AB InBev chief financial officer Bernardo Novick said the company's total receivables from Telangana had remained relatively stable during the year, but some payments had been outstanding for an extended period.We decided to recognise this provision of $30 million, Novick said during the company's earnings call, adding that the brewer was making its best efforts to recover the outstanding amount and protect shareholders.The company does not expect further meaningful one-off provisions from the situation, Novick said, while cautioning that circumstances could change.The problem extends beyond AB InBev. United Breweries, which controls about half of India's beer market, had temporarily halted supplies to Telangana Beverages Corporation about a year ago because of operating losses and overdue payments. The brewer had said selling each beer at a loss had made continued operations in the state unsustainable, while substantial delays in payments for supplies to the state corporation had further complicated the situation.Last week, United Breweries managing director Vivek Gupta said the company's business in Telangana had remained flat and it had lost some market share as a competitor continued to spend.
Parliamentary panel to review media laws across print, TV and digital platforms
The parliamentary panel on Communications and IT will examine the implementation of laws governing print, television and digital media as part of its 2026-27 review of the Information and Broadcasting Ministry. Its agenda also covers OTT platforms, Prasar Bharati, film regulation and television ratings, building on earlier calls for a common media regulatory framework.
Irdai to weigh 650+ responses on insurance commissions
The regulator had extended the deadline earlier by a week after receiving more than 650 responses to its September 23 consultation paper, which proposes tighter commission limits, changes to expense-of-management rules and a new distribution architecture. The industry is now awaiting the draft guidelines followed by the final framework.
Maxop Engineering buys majority stake in Faith Automation
Faith manages every stage of a project, from process planning and mechanical design through robot programming, system integration and on-site commissioning. It has revenues of around Rs 300 crore. Its clients include Honda, Mahindra & Mahindra and Stellantis. The company's founding team led by Nilesh Pandhare and six of his colleagues previously worked at Italian firm Comau, which was part of Stellantis.
Banks are safe; AI bubble is the risk for global markets: Julius Baer CEO Stefan Bollinger
Stefan Bollinger highlights the potential risk of an AI bubble affecting global markets significantly. He notes that India's equity valuation correction is healthy, maintaining the country's growth story. Investors are increasingly diversifying their portfolios with a focus on hedge funds and private equity. The Fed's decision on rates remains uncertain, though high inflation complicates matters. Rising yields in Japan are likely to attract domestic investors back to their markets.
DGCA mandates two pilots on Char Dham helicopter flights, 11 operators threaten to suspend services
The Directorate General of Civil Aviation has mandated the use of two pilots for Char Dham helicopter services. This requirement comes after a recent helicopter crash in Uttarakhand resulted in multiple fatalities. Operators are protesting this new rule, citing increased costs and potential service suspensions. Additionally, co-pilots must now be qualified for hilly terrain operations. Operators are required to secure clearance from the control room before every flight.
Digi Yatra trials for international passengers begin at seven airports, wider rollout likely in 2027
Trials for the Digi Yatra facility have commenced at seven airports across India for international passengers. This service is available on a trial basis for Indian nationals with e-passports. It will initially operate on select international flights by Air India and IndiGo. Digi Yatra utilizes facial recognition technology to enable seamless movement at airport checkpoints. A wider rollout of this facility is anticipated in the year 2027.
Drishyam 3 OTT release update: When and where to watch Ajay Devgn and Tabus crime thriller online
Ajay Devgn returns as Vijay Salgaonkar in Drishyam 3, the latest instalment of the popular crime thriller franchise. After its theatrical release, the film has sparked curiosity among viewers waiting to discover how the story unfolds and when they can watch it from home. With new challenges facing Vijay and the investigation taking another turn, here's what to know about the film's expected digital release, cast and story.
Banks seek microloan guarantee extension
IDFC First Bank and small finance banks such as AU, Jana and Suryoday were among the biggest users of the scheme to reduce credit risk. They have set aside the guarantee fee for the current fiscal year, expecting the government to reopen the window soon, people aware of the matter said.
Moved abroad, selling mutual funds to buy a house in India? Know the tax rules
A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.
Small-cap mutual funds were October's worst-performing equity category, falling 5.83%. Invesco Small Cap Fund limited losses to 2.98%, while Tata Small Cap Fund plunged 11.16%. Here are the best and worst-performing schemes and how other equity categories fared.
Bank cyberattacks raise insurance claim fears
Companies pessimistic about economy, bullish on business: IMA India survey
IMA India's Q3FY27 survey shows business confidence falling as economic sentiment weakens, even as companies grow more optimistic about profitability, investment and hiring
More women at work in India, but on worse terms, says Icrier study
An Icrier study finds that India's women workforce nearly doubled between 2017-18 and 2025, but gains were concentrated in insecure jobs, with shorter hours and a wider pay gap
Ashwini Vaishnaw reviews Bharat-made B28 bullet train manufacturing at BEML
The minister examined specialised manufacturing infrastructure, quality assurance procedures and key components designed to meet high-speed rail operational standards
ITAT Delhi deleted a 3.08 lakh penalty on a salaried taxpayer who omitted 4.49 lakh in bank interest from his ITR. The tribunal cited a bona fide omission and an improperly worded penalty notice under Section 270A.
Prime Minister Narendra Modi has approved the Southern Bullet Train Corridor which will connect Bengaluru, Hyderabad, Amaravati, and Chennai. This high-speed rail project aims to reduce travel time significantly between these economic hubs. The Bengaluru-Chennai journey will take just 73 minutes, while Bengaluru-Hyderabad will take about two hours and 10 minutes.
Uttarakhand helicopter operators suspend Char Dham flights over DGCA's new two-pilot rule
Helicopter operators in Uttarakhand have decided to suspend their Char Dham charter operations from November 2. This action follows a letter sent to the Directorate General of Civil Aviation expressing their concerns. The operators oppose the new regulation that requires all helicopters to have two crew members on board. They argue that the mandate will significantly impact their financial viability and operational efficiency.
Juan Atkins, co-founder of Detroit techno, dies at 64; how he changed electronic dance music
The world of techno music mourns the loss of Juan Atkins, who passed away at age 64. A co-founder of the Belleville Three, he played an instrumental role in shaping the electronic music landscape, inspiring a multitude of artists worldwide. He died unexpectedly in Mexico City prior to a scheduled show, and details surrounding his death remain unclear.
Diesel sales surged 11.7%, petrol 3.1% in October
Diesel sales experienced an 11.7% year-on-year increase in October due to heightened economic activity. Petrol sales, on the other hand, increased by only 3.1% during the same month. LPG sales continued to decline significantly, dropping 12.1% year-on-year as supplies tightened. Aviation turbine fuel sales decreased by 1.3%, reflecting persistent sluggishness in the aviation sector. Overall, the fuel market showed mixed trends amid changing consumption patterns in India.
New Zealand's two-speed economy poses election dilemma for ruling National party
The campaign for New Zealand's general election on November 7 comes down to the price of
Renowned director Michael Mann was reportedly hospitalised following an accidental firearm discharge while practicing at a Los Angeles gun range. The incident happened during a training session, resulting in a minor injury. Fortunately, his representative announced that Mann is in stable condition. Known for iconic films like Heat and Collateral, he is currently working on a highly anticipated sequel to Heat.
Coal Indias production increases 19% as mining recovers after monsoon slump
In a statement, the Coal India said, The achievement assumes greater significance in view of the need to augment coal stocks at thermal power plants amid rising power demand.
