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HindustanTimes Thu,18 Sep 2014

Business

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.

 

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.

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.

Take that! Jivi launches entry-level smartphone for Rs. 1,999

A smart way to sell a smartphone
Feature phone maker Jivi on Thursday launched its first smartphone, which is 'extremely affordable', for Rs. 1,999, aimed at the masses. The City-based firm claims this is the cheapest Android-based smartphone available in the country.

Mint Special
Snapdeal in talks to raise fresh funds

Snapdeal
Snapdeal.com, one of India’s biggest online marketplaces, is in advanced talks to raise more than $600 million in fresh funding from existing investors led by Softbank, according to three people with direct knowledge of the matter.

Alibaba in talks with Snapdeal to enter India: Reports

Snapdeal
Chinese e-commerce giant Alibaba is in talks with online retailer Snapdeal to enter India, the Economic Times reported on Thursday, citing two people aware of the development.

US Fed won't change rates now, to end bond-buying

Snapdeal
The US Federal Reserve on Wednesday announced it would end its bond-buying scheme in October, but will leave the interest where it is now, near zero, for “considerable time”.

Jet plane plunge: Co-pilot fiddled with controls, says Boeing report

Snapdeal

In a startling twist to the incident involving a Jet Airways aircraft plunging over 5,000 feet while flying over the Turkish airspace last month, it has now emerged that the co-pilot may have fiddled with the aircraft controls.

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.

Jet to launch full services on all-economy subsidiary JetKonnect

 Malcolm Glazer
In a bid to take on competition from Tata-SIA's Vistara airline which is yet to start operations, Jet Airways on Thursday announced launch of full services even on its all-economy subsidiary JetKonnect from December.

Mkts cheer Fed policy, China ties; Indices up most in 3 mths

Bombay Stock Exchange
Markets on Thursday rose the most in over 3 months with Sensex jumping 481 points to 27,112.21 and Nifty soaring over 139 points to 8,114.75 as FIIs pumped funds on Fed's pledge to retain rates at low levels for a considerable time and rising optimism over India's trade ties with China.

Indian rupee ducks Asia FX falls to end higher after Fed meet

Sensex
The Indian rupee gained on Thursday tracking a rally in domestic shares on hopes the country would retain its appeal to foreign investors, despite uncertainty about the outlook for US interest rates that hit other emerging markets.

Ikea scouting for space in Delhi, B’lore, Mumbai, Hyderabad

IKEA
Swedish furniture retailer Ikea is scouting for locations in four cities — New Delhi, Bangalore, Mumbai, Hyderabad — to open its outlets, a top company official said on Wednesday.

Wipro, Infosys enter list of top 5 Indian BPOs

Wipro

The Indian business process management (BPM) industry has seen a rejig with Wipro and Infosys entering the top five positions in 2013-14, according to Nasscom, the industry body for IT-BPM.

Soon, car owners can force recalls in case of defects

2014 Porsche Panamera Turbo S bookings open

In a move that will have far reaching consequences, the new Motor Vehicles act likely to be passed in the upcoming winter session of Parliament puts in place a mandatory policy for recalling defective cars. 

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