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HindustanTimes Fri,25 Apr 2014

Business

Google social networking boss Gundotra leaving company

Google Inc's head of social networking services, Vic Gundotra, announced on Thursday that he is leaving the Internet search company.

Bharti Infratel Q4 net profit jumps 64%

Indian currency notes

Bharti Infratel on Thursday reported a 64% jump in its net profit at Rs. 472 crore for the quarter ended March 31, 2014. The company had reported a net profit of Rs. 287 crore in the corresponding period last year.

Facebook Q1 revenue grows 72% on rising mobile ads

Facebook
Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets.

Facebook profits nearly triple to $642 million

Facebook logo
Facebook profits nearly tripled to $642 million in the first quarter on a 72 percent surge in revenues, helped by gains in mobile users and mobile advertising, the company reported Wednesday.

Ambani's daughter Isha set for big RIL role?

Isha Ambani at a Reliance event. (Agencies)
Isha Ambani, the 22-year-old daughter of Reliance Industries chairman Mukesh Ambani, who has been working as a consultant at McKinsey & Co. in the US since May last year, is likely to play a larger role in the group's consumer-facing businesses.

Coming: 2-step verification for web payments

Isha Ambani at a Reliance event. (Agencies)
Expressing concern over the rise in cyber crimes, the Reserve Bank of India (RBI) has asked banks to introduce a two-way authentication process to ensure customer safety.

After fighting him in court, Raheja leaves Rs. 11,000-crore fortune to son

‘Work on 95% projects will come to a stop’
Real estate magnate Gopal Raheja, who passed away in March, has reportedly left his entire estate to his son Sandeep, with whom the senior Raheja was fighting a court case at the time of his death, accusing the son of trying to grab his Rs. 11,000-crore business.

GM seeks US court protection against ignition lawsuits

General Motors
General Motors Co filed a motion in a US court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.

Markets hit all-time high levels, profit-booking likely now

Bombay Stock Exchange
Continuing its record breaking performance, the Sensex on day spurted by over 118 points to end the day at all-time closing high of 22,876.54 on select buying in blue-chip stocks like L&T, HDFC Bank and BHEL amid persistent capital inflows.

Markets closed on Thursday for elections

Bombay Stock Exchange
Indian debt, currency and equity markets will be closed on Thursday as Mumbai takes part in the five-week long Parliament election process set to conclude in mid-May.

Google offers refund for fake anti-virus app

Google is venturing into hardware
Search engine giant Google recently had its oops! moment after the company discovered that an anti-virus app “Virus Shield” available for $3.99 on its Play Store actually offered no security protection to users who had downloaded it.

Aviation regulator allows in-flight use of mobiles, laptops on flight mode

Indian smartphone makers
'Please put your mobile phones on the flight mode'. Now on, you may hear an airhostess announcing this before your flight takes off instead of asking you to switch it off.

Kiran Shaw apologises after praising Rohan Murty in tweet

Kiran Mazumdar-Shaw
Biocon chairperson Kiran Mazumdar Shaw on Wednesday apologised after her tweet on Rohan Murty, son of Infosys chairman Narayana Murthy, kicked up a controversy.

High fees at IIM, ISB hit student loans

student loan
Manoj Gupta, 30, a finance manager at a leading multinational bank took up his first job four years ago after completing his post graduation from Indian Institute of Management, (IIM) Indore.

Rupee at 61-level again as FII inflows slow down

Currency
The rupee on Wednesday depreciated by 31 paise to finish at one-month low at 61.07 against the dollar on sustained dollar demand from banks and importers.

Novartis, GSK, Eli Lilly in $27-bn three-way deal

Novartis Logo
British pharma giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.
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