HindustanTimes Fri,19 Sep 2014


Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.

Sensex extends gains, up 73 pts in early trade

Bombay Stock Exchange
The benchmark BSE Sensex on Friday rose over 73 points in early trade, extending gains for the third straight day on sustained buying by funds and retail investors, driven by rising optimism over trade ties with China amidst a firming trend overseas.

Indians among top property buyers in Dubai

A camel
Indians constitute a dominating group while buying real estate in Dubai, having invested nearly 10.5 billion dirhams (Rs 104 billion approx) during the first half of this year, says a report.

Fortune ranks Indra Nooyi third most powerful women in business

Indra Nooyi

PepsiCo's India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

SRK: The greatest businessman can walk away from a deal if it doesn’t feel right

 Shah Rukh Khan
Shah Rukh Khan, the badshah of Bollywood and the promoter of Kolkata Knight Riders, Kidzania and Red Chillies, believes that a business or a product can be complicated, but it should work simply.

Alibaba IPO prices at top of range, raising $21.8 billion

Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut.

Maruti appoints RS Kalsi as head of domestic marketing & sales

Maruti Suzuki
Country's largest carmaker Maruti Suzuki India on Thursday appointed RS Kalsi as head of domestic marketing and sales following the resignation of Mayank Pareek from the company.


UP: Vijay Mallya summoned by Bulandshahr court

CEO of Kingfisher Airlines Limited Vijay Mallya.
Kingfisher Airlines Chairman-cum-Managing Director Vijay Mallya has been summoned by a court in Bulandshahr on a pilot's petition alleging that the company was withholding his payment dues.

Global billionaire population to cross 3,800 by 2020: Wealth-X

 Malcolm Glazer
The population of billionaires globally is likely to surpass 3,800 by 2020, with the technology sector expected to create a significant number of new super-rich in the coming years, says a report.

Rupee trims initial gains, still up at 60.82 vs dollar

Rupee versus dollar
The rupee trimmed its initial gains as it ruled higher for the fourth consecutive day on Friday, moving up by another 2 paise to 60.82 against the US dollar on persistent selling of the greenback by banks and exporters in view of weak dollar overseas.

Hyundai bids $10 billion for an office building

Hyundai cars to ditch cigarette lighter socket
Hyundai will pay a record $10 billion for a 79,342 square metre plot for its new headquarters in Seoul’s Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on trophy property.

Pound hits two-year high against euro on Scotland results

Union Jack
The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.

Infosys partners Huawei; extends pact with Microsoft, Hitachi

Bangalore IT industry
India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.

Thomas Cook India partners with RBL Bank

Thomas Cook
Travel firm Thomas Cook (India)has partnered with RBL Bank to distribute its multi-currency borderless prepaid card through the bank's 185 branches across the country.

BSE, NSE to shift 2 UB group firms to restricted trade segment

An act of solidarity
Leading bourses BSE and NSE have taken action against Vijay Mallya-led UB group firms Kingfisher Airlines and UB Engineering for non-compliance to timely reporting of financial results for two consecutive quarters.

Maruti voting to allow Suzuki to own Gujarat plant likely in November

Maruti Suzuki
Maruti Suzuki India on Thursday said voting by minority shareholders over its move to let parent Suzuki Motor Corp own and invest in Gujarat plant will likely happen in November instead of October as earlier envisaged.
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