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HindustanTimes Wed,03 Sep 2014

Business

India's bright GDP just a small step in long road to sustained revival

Man watches budget
India's economy grew 5.7% in the June quarter compared with a year earlier, the strongest pace in 2-1/2 years, accelerating from 4.6% in the March quarter thanks to a rebound in industrial activity.

Sensex hits new record-high of 27,148.90; Nifty at 8,119.80

Bombay Stock Exchange
Continuing its rising streak for the ninth straight session, the benchmark BSE Sensex rose over 129 points to hit a new high of 27,148.90 in opening trade on Wednesday on sustained foreign capital inflows coupled with a firming trend on other Asian bourses.

Australia to sign uranium trade deal with India

modi
Prime Minister Tony Abbott told Parliament he would sign a nuclear cooperation agreement with newly elected Indian Prime Minister Narendra Modi during a three-day visit to Mumbai and New Delhi which officially starts Thursday.

Services growth slowed in August, orders waned

HSBC
Indian services activity expanded at its weakest rate in three months in August as firms' order books filled up at a slower pace, a business survey showed on Wednesday. The HSBC Services PMI fell to 50.6 in August from 52.2 in July.

Rupee gains 7 paise against dollar in early trade

Currency
Snapping its four-day losing streak, the rupee recovered by seven paise to 60.61 against the US dollar in early trade at the Interbank Foreign Exchange market on Wednesday amid sustained overseas capital inflows.

Sensex surges past 27,000 to third consecutive life high

Bombay Stock Exchange
The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.

CBDT panel to scrutinise new cases of retrospective taxation

Arun Jaitley
The Central Board of Direct Taxes has set up a high-level committee to scrutinise fresh cases arising out of the retrospective amendments of 2012 in respect of indirect transfers.

Hero MotoCorp appoints Sanjay Jorapur as chief HR officer

Hero MotoCorp Ltd
Sanjay, who is scheduled to join the company later this month, would be part of the senior leadership team at Hero MotoCorp and will report to manging director and CEO Pawan Munjal, the company said in a release.

Gold falls to near one-week low on dollar strength

gold
Gold fell to its lowest level in nearly a week on Tuesday as a stronger dollar outweighed any safe-haven demand from lower equities and heightened tensions over Ukraine.

India's rating seen limited by fiscal deficit, inflation - Moody's

Moody's
India's fiscal deficit and inflation outlook could prevent any upgrades in the country's sovereign rating, even as the economy is headed for recovery, Moody's Investors Service said on Wednesday.

Mint Special
What went down at Infosys: the inside story

NR Narayana Murthy
Mint investigates the backstory to founder NR Narayana Murthy's comeback and departure from Infosys and the appointment of Vishal Sikka as the first non-founder CEO of India's iconic company.

Chinese firms to team-up with Indian firms for rail projects

China CNR
Chinese firms are teaming with Indian companies to jointly bid for five high-speed railway projects in India in an apparent attempt to compete with Japan's plans to build bullet trains.

Now Jet Airways announces Rs. 500 fare offer on domestic route

China CNR
A day after budget carrier SpiceJet announced fares starting at Rs. 499 across its domestic network, Jet Airways too jumped on the bandwagon rolling out Rs. 500 fares for the economy class on its domestic flights for a limited period on Tuesday.

Good signs from global market, diesel decontrol imminent: Pradhan

Fuel price
Hinting that deregulation of diesel prices was imminent, oil minister Dharmendra Pradhan on Tuesday said there were good signals from international market and his ministry will approach the appropriate forum for freeing of rates.

12 Indian firms in Forbes' 50 best companies in Asia-Pacific

Forbes
Tata Consultancy Services (TCS),HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a?compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".

Kingfisher to challenge Union Bank's decision

3
Hours after the Supreme Court refused to entertain a petition filed by Kingfisher Airlines against being declared wilful defaulter by Union Bank of India, the airline on Tuesday said it would 'vigorously challenge' the bank's decision.
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