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HindustanTimes Thu,21 Aug 2014

Business

Indian economy to grow 5.8% in 2014/15: Finance secretary Mayaram

Arvind Mayaram
India's economy is on course to grow by around 5.8% in the fiscal year to March 2015, the finance ministry's top official said on Thursday, expressing confidence that 'green shoots' of recovery were taking hold.

Wipro opens new centre in US for global customer care

Wipro
IT services major Wipro on Thursday said it has launched a global Customer Experience Centre (CEC) at its Mountain View office in California.

Indian firms tool up for defence orders on Modi's 'Buy India' pledge

1
Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

Rupee snaps three-day gains on broad dollar rally post Fed minutes

Currency
The rupee declined by 13 paise to 60.74 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas.

RBI issues guidelines for NBFCs on lending against shares

banking and finance
With an aim to curb volatility in capital market, the Reserve Bank on Thursday asked NBFCs to maintain a loan-to-value (LTV) ratio of 50% in case of lending against collateral of shares.

Oil ministry wants revenue sharing for future oil contracts

cooking gas cylinders
Seeking to revive interest in oil and gas exploration by simplifying rules, the oil ministry is looking at replacing the controversial Production Sharing Contracts with simpler revenue-sharing regime.

Activa pips Splendor to July best-seller spot

Activa ranked India's best selling two-wheeler
With automatic scooters getting back in vogue, scooter market leader Honda Activa surged ahead of long time market leader Hero Splendor to emerge as the largest selling two-wheeler in the country in July 2014.

NTPC set to quit hydel power, NHPC thermal

A view of the Bathinda thermal plant. HT file photo
India’s largest thermal power company, NTPC Ltd, is exiting its non-core assets comprising of 1,611 mega watt (MW) of hydel power projects to public sector units including National Hydroelectric Power Corp (NHPC) and others that possess core competence of executing hydro power projects.

Syndicate bank case:Court to give order on bail pleas today

Sudhir Kumar Jain
A Delhi court has deferred till Thursday its order on the bail pleas of Chairman-cum-Managing Director of Prakash Industries Ltd Ved Prakash Agarwal, and its Director Vipul Agarwal, who were among the six arrested in the Syndicate Bank bribery case.

Bill for defunct SIM: Reliance to pay Rs. 25,000

RIM
Reliance Communications Ltd has been asked by a consumer forum here to give a compensation of Rs. 25,000 to a man for issuing a mobile bill for a non-functional SIM.

Sensex rebounds 46 points as banking, consumer durables stocks rise

Bombay Stock Exchange

The benchmark Sensex on recovered about 46 points to end near record highs powered by gains in bluechips, led by banking, consumer durables and auto stocks, on buying by foreign funds and a drop in global oil prices.

Singapore's Changi out of race for GVK airports stake: Official

Qantas
Singapore's Changi Airports International is now out of the race to pick up stake in GVK's airports business due to regulatory issues.

5 Indian firms among Forbes' most innovative companies

Forbes
Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to 'generate big, new growth ideas'.

Giant set to bring Rs10.6-lakh cycle to India

The Propel Advanced SL 0
Top bike maker Giant is set to bring the world’s fastest bicycle, Propel Advanced SL 0, to India at a sticker price that will put a Harley Davidson to shame — Rs10.6 lakh.

Readership figures
HT far ahead of rivals, confirms fresh audit

HT logo
This puts at rest, once and for all, the debate over the past six months wherein some readership figures had witnessed a dip compared to past surveys, thereby prompting some publishers to raise questions about IRS’ accuracy.

Cabinet clears major infra, Digital India projects

Construction work
The Union cabinet on Wednesday approved three major infrastructure projects that aim to connect people faster. The ambitious Digital India project that would bring high-speed internet connectivity to far-flung rural areas was also cleared.
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