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HindustanTimes Tue,02 Sep 2014

Business

RBI asks banks to set timeline to process loans

RBI
To expedite credit decisions, the Reserve Bank of India on Monday asked banks to set a timeline for disposal of loan proposals but did not ascribe a particular timeframe for the same.

Nifty ends above 8,000-mark for 1st time; Sensex at new peak

Bombay Stock Exchange
Continuing their record setting spree, the NSE Nifty breached the 8,000-mark for the first time ever and BSE Sensex logged a new peak of 26,812.69 in opening trade on Monday on the back of positive economic growth data for the April-June quarter.

Rupee down 3 paise against US dollar at 60.53

Currency
Continuing its fall for the third straight session, the rupee on Monday lost 3 paise to close at 60.53 against the US currency, following sustained dollar demand from importers amid firm cues from overseas.

SpiceJet offers Rs. 499 fare on domestic network for 'Early Birds'

SpiceJet
Country's second largest airline by market share, SpiceJet on Monday launched yet another limited period special fare scheme, 'Early Bird', offering customers ticket prices as low as Rs. 499 on its domestic network.

Maruti confident of shareholders' nod on Guj, says no plan B

Maruti Suzuki chairman RC Bhargava (left) with the company’s
Maruti Suzuki India is confident of getting minority shareholders' nod to let parent Suzuki Motor Corp own and invest in its Gujarat facility and has no second option.

Raghuram Rajan interview | Mint special
'I would let one small public sector bank be privatised and see what happens'

Raghuram Rajan
The Reserve Bank of India wants to reach its target of limiting retail inflation to 6% by 2016, but that doesn't necessarily mean monetary policy has to be tight all the way, governor Raghuram Rajan says in an exclusive interview.

HT Special
Global CEOs, top bankers queue up to meet Modi

narendra modi
Global chief executives and top bankers of iconic Wall Street companies are queuing up to meet Prime Minister Narendra Modi, in a clear sign that India’s economy has never mattered more than now.

India better prepared for eventual Fed rate hike, says RBI chief

Raghuram Rajan
India is better prepared to handle the impact of interest rate increases in the US as foreign funds are less likely to desert the country due to signs of an upturn in economic growth, its central bank chief said in an interview published Sunday.

After IOC, govt to sack independent directors of ONGC, HPCL, MRPL

Indian Oil Corp fire
After sacking four independent directors of IOC, the Narendra Modi-government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL.

Not-so achche din in China as factory output falls again

Beijing, China
An index of growth in China's vast manufacturing sector fell from a 27-month high to 51.1 in August, a government study showed on Monday, slightly less than forecast and adding to signs of growing softness in the Chinese economy.

Ambani not part of PM’s delegation

 Mukesh Ambani
Chairman of Reliance Industries Ltd (RIL) Mukesh Ambani is not part of the high-level business delegation accompanying PM Narendra Modi on his visit to Japan.

Govt set to oust UPA nominees from ONGC, HPCL, MRPL boards

Narendra Modi
After re-appointing new governors of many states, the NDA government is now cleaning up the boards of top public sector units by replacing all independent directorswhose appointments were seen as 'politically motivated'.

All accounts with zero balance to get Rs. 1-lakh insurance cover

Narendra Modi
The benefit of accidental insurance cover of Rs. 1 lakh, extended to all those who open fresh accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) will now include even those who have opened zero balance accounts.

HT Special
For biz push, govt to relax  green laws

Delhi forestlands
The Narendra Modi government is planning to dilute two environmental laws that have held up key industrial projects in the past, as part of its attempts to relax green norms for stimulating economic growth, official sources said.

Fake note crooks lapping up Rs. 100, Rs. 1,000 bills: RBI

Money
Currency counterfeiters appear to have started focusing more on Rs. 100 and Rs. 1,000 denominations, even though the traditional favourite Rs. 500 bills continue to be the most to be faked by numbers, the RBI has said.

Disclose report of Mudgal Committee on lobbying: CIC to Centre

Money
The Central Information Commission (CIC) has directed the Centre to disclose confidential file notings related to the constitution of the Justice Mukul Mudgal Committee which probed alleged lobbying by Walmart in India.
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