India restricts entry of Chinese firms in commercial coal mine auctions
The Coal Ministry has issued a corrigendum to the tender document issued for commercial coal mining, bringing out the fact that though 100 percent FDI, under the automatic route, is permitted in the new activity, investment proposals or bids from countries sharing a land border with India will only be done through the government route. This would mean such proposals will first be vetted by the government before any participation is allowed.
US stocks open higher as tech sector leads
Shortly after the opening bell, the Dow Jones Industrial Average increased 133.37 points, or 0.50 per cent, to 26,561.69. The S&P 500 was up 19.41 points, or 0.59 per cent, to 3,290.53, Xinhua reported.