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HindustanTimes Sun,21 Sep 2014

Business

Eight Indians in Fortune list of 25 powerful Asia-Pacific women

Indra Nooyi
As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women 'shaping the new world order' in the Asia-Pacific region.

Walmart to extend online wholesale platform reach from Oct 1

Beijing
Walmart India said on Saturday it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1.

Alibaba's Ma rides 'Forrest Gump' story to riches

Jack Ma Forrest Gump

Ma said the lesson he learned from the blockbuster featuring Tom Hanks was 'that no matter whatever changed, you are you. I'm still the guy I was 15 years ago (when I earned) $20 a month.'

Sensex, Nifty range-bound around record highs

Bombay Stock Exchange

Healthy buying by foreign and domestic investors on the back of as the US Fed announcement of maintaining a near zero percent interest rates even after the end of its bond-buying programme ends helped markets to remain range bound to 27,000-point mark.

Alibaba's big debut: Here are the 10 things you want to know

Alibaba
China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history.

1.5 billion tonnes of coal set to be burnt in Jharkhand, W Bengal

Coal mines

Even as the country is reeling under a power crisis due to shortage of coal, about 1.5 billion tonnes of coal is set to be burnt down in underground fires in Jharia and Raniganj coalfields in Jharkhand and West Bengal, respectively, over the next few years.

Tata group shares gain after Moody's upgrades ratings

TaTa logo

Shares of Tata Group firms on Friday rose in the range of 1-12% after Moody's Investors Service upgraded ratings of half a dozen group companies. Among blue-chips, TCS's stock gained 3.31% to Rs. 2,724, while Tata Power climbed 2.27% to Rs. 90 on the BSE in morning trade.

ONGC invested Rs. 81,890 crore for raising output

ONGC
India's largest oil and gasproducer ONGC said on Friday it has invested Rs. 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields.

RBI tells banks to be careful about Jan Dhan Yojana

Narendra Modi

The Reserve Bank today warned thebanks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs. 1 lakh insurance cover.

FPIs continue to invest in Indian markets

investment

FPIs continued to buy into the Indian equities market in the week ended September 19, buoyed by the US Fed announcement that it will maintain interest rates to near zero for a "considerable time" even after its bond-buying programme ends, as also stable government policies.

Jet, set, grounded! Indian tycoons famed for lifestyles land in soup

Tycoons
The debt-laden empires of three of India's best-known tycoons — Vijay Mallya, Subrata Roy and T Venkattram Reddy —  are crumbling before their eyes, downfalls that observers say stem from a climate of weak regulation and deference to conspicuous wealth.

EARLY BIRDS

Apple faces smartwatch ambush

Apple Watch

From fashionable alert machines to Android gear and service-driven fitness trackers, a host of wrist-worn gizmos are ready to take on the expected Apple Watch when it lands in India.

India to rank among world’s biggest aviation mkts: British Airways

British Airways

India is going to be one of the biggest aviation markets in the world and British Airways (BA) wants to be a grab  a chunk of the pie.

Drugmaker GSK says fined $490 million in China graft probe

Pills
A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said.

Nepal clears GMR plan for $1.4 billion hydroelectric plant

GMR

Nepal's centre-left cabinet on Thursday cleared the way for Indian firm GMR to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said, the Himalayan republic's biggest foreign investment scheme.

Jet Airways to launch new Mumbai-Dubai flight next month

GMR

Jet Airways will enhance connectivity on the lucrative Dubai-India route by launching a fifth daily flight from Mumbai to the Gulf city from next month.

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