Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Investors will be watching out for the release of Australian jobs data, set to be at 9:30 a.m. HK/SIN.Asia Marketsread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Silicon Valley workers say they gravitate toward Yang, who is running for president as a Democrat, because of his approach to research and understanding of tech's moral...Technologyread more
Prosecutors in Masschusetts have dropped a criminal case against actor Kevin Spacey, who had been accused of groping an 18-year-old man.Entertainmentread more
"The passport contains numerous ingress and egress stamps, including stamps that reflect use of the passport to enter France, Spain, the United Kingdom, and Saudi Arabia in...Politicsread more
NEW DELHI, June 24 (Reuters) - India's annual coal demand rose 9.1% to 991.35 million tonnes during the year ended March 2019, India's Coal Minister Pralhad Joshi told the country's parliament on Monday.
Coal is among the top five commodities imported by India, one of biggest importers of the fuel despite having the world's fifth largest reserves.
Consumption by India's utilities, which accounted for three-fourths of the total demand, rose 6.6% to 760.66 million tonnes, Joshi said in a written response to a question in the upper house of the parliament.
Imports rose to 235.24 million tonnes in 2018-19 from 208.27 million tonnes in 2017-18, Joshi said, adding that domestic supplies rose to 734.23 million tonnes during the year ended March 2019.
India's supply shortfall more than doubled to 23.35 million tonnes, mainly because of state-run Coal India's inability to cater to demand from the cement and sponge iron industries.
Demand from the cement sector rose 70% to 37.22 million tonnes while coal demand from the sponge iron industry rose by over two-thirds to 41.33 million tonnes, Joshi said.
A ban on the use of petroleum coke, a dirtier alternative to coal, in some parts of the country, and Coal India's focus on power sector ahead of the elections amid a promise to electrify all rural households in the country led to a rise in imports.
State-run Coal India is prioritising starting production at mines with a capacity of more than 10 million tonnes per year and improving mechanisation to increase output, Joshi said.
Coal India's output rose 7% to 606.89 million tonnes in 2018-19, and is targeting a production of 660 million tonnes in 2019-20. (Reporting by Sudarshan Varadhan. Editing by Jane Merriman)