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The 50-shares index, Nifty climbed up by 144 points to end at 5842 and the BSE Sensex continued with its upward journey on the back of positive global cues and rallied over 500 points led by gains in metals, capital goods and power sectors. The government's decision to double the natural gas price by April 1, 2014 also boosted sentiment.

New Delhi, June 28 : The coal sector in India will now have a regulator that will prescribe principles for price determination of the fuel, adjudicate on disputes between parties, and enforce closure of mines.

The coal ministry in May 2012 had moved the Cabinet Committee on Economic Affairs (CCEA) seeking approval of the Coal Regulatory Authority Bill, 2012.

The regulatory authority will also specify procedure for sampling and washing of coal.

Bangalore, June 28 : Leading Indian biopharmaceutical firm Biological E Ltd. will supply to Egypt pentavalent vaccines - a combination of five vaccines-in-one (against diphtheria, tetanus, whooping cough, hepatitis B and haemophilus influenza type B) in a single dose.

"We have entered into $200-million contract with the state-run Vacsera and its subsidiary Egyvac to manufacture and supply pentavelant vaccines to Egypt for 10 years," company spokesman Narender Mantena said in a statement here Friday.

New Delhi, June 28 : Delhi Chief Minister Sheila Dikshit Friday took a jibe at Aam Admi Party (AAP) chief Arvind Kejriwal for his agitation against "inflated" power bills, by saying that people who use air-conditioners would have to pay high tariff.

"In the last few years, the sale of generators has declined in Delhi and the sale of ACs (air-conditioners) has risen sharply. If you use an AC, you will have to pay its electricity bill. But Kejriwal does not talk about that," Diskhit said.

The Reserve Bank of India (RBI) has raised concerns over deteriorating
banking sector of the country as macroeconomic conditions are still
unfavorable.

In its half-yearly Financial Stability Report, the RBI said that Gross
non-performing assets (NPAs) as a percentage of all scheduled commercial
banks' total assets will jump from 3.4 per cent in March to estimated
3.8 per cent.

The central bank's macro stress tests also indicated that the ration
could worsen to 4.4 per cent under tough conditions by the end of fiscal

Representatives from several major retailers on Thursday participated in a round-table meeting chaired by Commerce & Industry Minister Anand Sharma.

The representatives from international retail giants like Walmart, Carrefour, Tesco, Aditya Birla Group, Bharti and Pantaloon, siught some changes in the FDI policy for multi-brand retail.