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HindustanTimes Mon,22 Dec 2014

Business

Sensex extends gains, up 87 points in early trade

Bombay Stock Exchange
The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.

Oil prices up in Asia on year-end short-covering

OPEC
Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.

Rupee recovers 5 paise vs dollar in early trade

Rupee
The rupee recovered by 5 paise to 63.25 against the US dollar in early trade on Monday on fresh selling of the American currency by banks and exporters.

Markets to remain volatile, 2015 outlook positive

Stock markets

Stock markets would be volatile in the near term due to the upcoming expiry of futures and options (F&O) on December 24, according to analysts and brokers.

COAI seeks 5 yr extension in 4G network roll out deadline

HTC
Telecom industry body COAI has requested the department of telecom to extend deadline for roll out of 4G services to 2020 citing various hurdles mainly delay in development of technology and regulatory procedures.

Aviation industry grows but bleeding airlines on the verge of collapse

IndiGo Airlines
The combined losses of all carriers over the last seven years add up to more than Rs. 60,000 crore. And the future doesn’t look very rosy: analysts estimate that heavy losses will continue.

What went wrong with Jet Airways

IndiGo Airlines

Jet Airways, one of the India’s first private airlines, and its promoter Naresh Goyal were till recently celebrated as the poster boys of the Indian aviation industry.

‘Govt to push insurance bill, won’t buckle under pressure’

Arun Jaitley
Finance minister Arun Jaitley said the government was determined to push the much awaited insurance bill seeking to increase the FDI limit to 49% from the current 26% and would not allow political obstructionism to derail the reform process.

Land acquisition rules delaying investments: economic review

A plot in Industrial Area's Phase 2 turned into a dumping yard. Sant Arora/HT
The stringent land acquisition rules are probably blocking investments and key projects, the Mid-Year Economic Analysis 2014-15 tabled in Parliament indicated on Friday, suggesting changes to the existing law.

Special court verdict in Satyam case likely tomorrow

3
Days after Satyam founder B Ramalinga Raju was convicted in SFIO cases, a special court in Hyderabad is expected to pronounce its verdict on Tuesday in the multi-crore Satyam Computer Services Limited (SCSL) fraud.

Won't cut oil output, Saudi Arabia reiterates

A car owner
Saudi Arabia's oil minister on Sunday defended Opec's decision to keep output steady despite the biggest market slump in years, saying current prices would help global economic growth and petroleum demand, while Arab states would escape major damage.

Looking for a bank loan? Get ready for some additional paper work

Can you trust your lender?

If you are looking for a bank loan to purchase a house, or even a car, you may need to get your credit worthiness — which shows your loan repayment capacity — assessed by more than one rating agency.

How Indigo is managing to buck the trend

IndiGo Airlines
IndiGo, the country’s biggest airline with a market share of 33.5%, has been Indian aviation’s biggest success story. Its rise since it was launched in 2006 has stunned competition, impressed critics and attracted global attention.

Year-end high: Flipkart announces $700 million funding

Flipkart

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

5.5% growth, no rate cuts till March: Mid-year review

e-shopping

India’s economy is likely to grow at 5.5% this year though private investments haven’t shown real signs of picking up yet, a finance ministry report said on Friday, even as it hinted that the Reserve Bank of India was unlikely to cut interest rates before March.

How will Yellen get out of Fed chakravyuha?

Janet Yellen
US monetary policy has left the markets flush with easy money, which big banks are using to become even bigger, writes J Mulraj.
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