Headlines: Shah Reviews Coal Crisis; Tata seeks to consolidate airlines

Maharashtra and Gujarat could face an electricity crisis. Tata Sons seeks regulatory help after purchasing Air India. More information on these stories in our main headlines this morning. After Air India purchase, Tata Sons calls on government to relax regulatory process

Tata Sons, which won Air India’s bid on Friday, has approached the government to speed up the regulatory process to consolidate its airlines. Read more…

Government could consider higher GST and lower rates to simplify structure: report

India could consider increasing taxes on certain goods and services in an effort to move to a simpler structure with lower rates, according to people familiar with the matter.

A goods and services tax panel, led by Finance Minister Nirmala Sitharaman, will likely meet in December to consider overhauling the current four-rate system, the people said, asking not to be identified as the discussions are private. Read more…

Zostel asks Sebi to reject and suspend Oyo’s $ 1.2 billion IPO

Zostel Hospitality has written to the market regulator, the Securities and Exchange Board of India (Sebi), asking it to reject Oyo’s draft red herring prospectus (DRHP) and to suspend its proposed initial public offering (IPO). Read more…

Interior Minister Amit Shah meets with electricity and coal departments on energy crisis

A day after the Union’s coal and power ministries denied any energy shortages in the country, Union Home Secretary Amit Shah held a meeting with the Coal Minister on Monday Pralhad Joshi and Minister of Energy RK Singh and officials of the relevant ministries. Read more…

Gujarat and Maharashtra on the brink of energy crisis amid coal shortage

The country’s two main industrial states – Maharashtra and Gujarat – could face an energy crisis as domestic coal supplies run out and production from imported coal has been halted. There were, however, muddled signals from Maharashtra with the state’s energy department sounding the alarm as power plants claimed the power supply situation was under control. Read more…

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