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HindustanTimes Tue,23 Sep 2014

Business

Indian BPOs eye LatAm, West Asia for growth

Expanding into Latin American countries would also help them serve US — their largest client — from closer locations. “West Asia is comparatively a virgin market for the Indian BPM companies.

Modi effect: India back on US biz radar, says FICCI chief Birla

Aamir Khan
India is back on the commercial map of the United States after being ignored for the past few years, according to Sidharth Birla, president, Federation of Indian Chambers of Commerce and Industry (FICCI).

Gujaratis sniff biz, flock to learn Chinese after Xi visit

jayanto
Chinese President Xi Jinping’s recent visit has put the spotlight on Gujarat and Gujaratis are thronging Chinese teaching institutes to explore business opportunities with the neighbouring country.

NTPC on the prowl forsick private power plants

Official logo of NTPC limited
With the cost of land acquisition on the rise, India’s leading public sector units including NTPC Ltd, which have so far followed the greenfield route for growth, are now exploring inorganic route to increase their foothold in the power sector.

Maruti's hold on best selling car models in India continues

Maruti Suzuki India
Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto, heading the top ten best sellers list in April-August period this fiscal.

G20 to add $2 trillion to global GDP, track black money worldwide

Nirmala Sitharaman
G20 decided to put in place a mechanism for automatic exchange of tax information between various countries by 2017, a development which will help India in dealing with the menace of black money stashed abroad.

Wal-Mart e-commerce push to go pan-India

Walmart
Wal-Mart will roll out the online e-commerce platform to members of its Best Price Modern Wholesale stores in Guntur and Vijaywada beginning October 1, and eventually extend e-commerce operations to all existing stores and maybe even to new stores.

Sensex gains 116 points; consumer durables stocks rise

Bombay Stock Exchange
The benchmark BSE Sensex dipped below the 27000-level by falling over 166 points in early trade on Monday as funds and retail investors engaged in reducing positions amid a weak trend on other Asian bourses.

Mint Special
Alibaba boost for Indian e-commerce

Alibaba
When Alibaba.com raised $21.8 billion in the biggest ever initial share sale on Friday, the Chinese internet company made a strong case for its emerging market counterparts, convincing investors globally that the next set of large e-commerce companies will come from markets outside the US.

City, Grand i10, Celerio, Zest see up to 4 months waiting period

Waiting period for AMT variant of Celerio goes up
If you are planning to buy a petrol car this Diwali, be prepared to wait a little. With the price differential between petrol and diesel narrowing to about Rs. 10 per litre, a far cry from the Rs. 32 high two years ago, petrol cars are on a high.

FinMin to take stock of Jan Dhan Yojana, send progress report to PM

Aamir Khan

The finance ministry will soon initiate a survey to assess the efficacy of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and analyse how many accounts have been opened. The report will be sent to Prime Minister Narendra Modi.

FinMin in a quandary over Dabhol project

Jaitapur nuclear power

The government’s diktat to public sector banks to rein in their non-performing assets (NPAs) has brought the focus sharply back on the Ratnagiri power project in Maharashtra (the erstwhile Dabhol plant).

School toilet blitz spells windfall for state-run Hindustan Prefab

Sector 10 school toilet

When Prime Minister Narendra Modi urged companies to participate in constructing toilets across the country, it signalled a windfall for a little-known public sector company, Hindustan Prefab Ltd.

BPM seeks out smaller towns to fuel growth

India’s business process management (BPM) industry may see a geographic shift in favour of non-metro or Tier-2 cities and small towns, which hitherto never figured in their location planning.

Rupee ends a paisa down at 60.82 vs dollar in lacklustre trade

Currency
In lacklustre trade, the Indian rupee on Monday closed one paisa down at 60.82 against the US dollar on alternate bouts of demand and supply, snapping a four-day rising trend.

Airlines oppose govt policy on connectivity to remote areas

Malaysian Airline search
Airlines and private charter operators have opposed the government's draft policy on air connectivity to regional and remote areas, saying it will have severe impact on their financial strength.
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