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HindustanTimes Tue,30 Sep 2014

Business

RBI keeps key interest rate unchanged

Raghuram Rajan
Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday kept the central bank’s key lending rate unchanged. Rajan retained the repo rate - the rate at which banks borrow from RBI - at 8%.

Sensex down by 8 points in late morning trade

Bombay Stock Exchange

In a volatile market, the S&P BSEbenchmark sensex trimmed its earlier losses but was still quoted down by 8 points on mild selling ahead of the Reserve Bank of India's fourth bi-monthly monetary policy review.

Rupee down 9 paise against dollar in early trade

Currency
The rupee weakened by nine paise to trade at a fresh seven-month low of 61.62 against the dollar in early trade at the Interbank Foreign Exchange market on Tuesday following increased demand for the US currency from importers.

eBay to invest in companies, tie up with retailers for growth

EBay
Online shopping giant eBay plans to grow further in India through investment in other Internet companies, partnerships with retailers, and commercial tie-ups with firms it has invested in.

Growth rate of 5.7% to 5.9% achievable, says Mayaram

The government on Monday expressed confidence that a growth rate of 5.7% to 5.9% would be easily achievable during the current fiscal.

Microsoft chief in India, Andhra vs Telangana contest on cards?

Satya Nadella
Microsoft Corporation chief Satya Nadella’s first trip to India since taking up the top job may trigger a tug of war between the chief ministers of Telangana and Andhra Pradesh, both eyeing investments from the software giant.

Microsoft CEO Satya Nadella addresses staff at Hyderabad centre

Satya Nadella

Hyderabad born chief of the software giant Microsoft Satya Nadella is visiting India for the first time after assuming the top position in February.

Rupee plummets to 7 month low, down 38 paise

rupee symbol
The Indian rupee on Monday tanked 38 paise to log nearly 7-month closing low of 61.53 against the Greenback following dollar demand from importers and some weakness in stocks ahead of the RBI policy review.

Indians warming up to the dark side of chocolate

Belgian Christine Scholtes Covic
Bought a bar of dark chocolate? You just contributed to one of the fastest growing segments in the country as Indians turn more health conscious and their tastes mature, the demand for dark chocolate, which has just a 9% market-share currently, is growing by leaps and bounds.

24x7 power: World Bank offers Centre a plan

Electricity poll
The World Bank has submitted a detailed action plan that could help the government meet its objective of supplying power 24x7 in the country, with focus on bringing down distribution losses, improving infrastructure and expanding solar power.

Ex-Maruti exec Pareek to drive Tata Motors passenger vehicles

Pareek: greener pastures?

Mayank Pareek will join the company from October 1 and will replace Ranjit Yadav, who will now head Tata Motors’ international business for passenger as well as commercial vehicles, the company said in a statement.

Huawei ties up with Flipkart to sell first 4G ‘Honor’ phone online

Huawei
Huawei, the third-largest maker of smartphones in the world with a market share of 6.7%, on Monday announced an exclusive tie-up with India’s largest e-commerce marketplace Flipkart, to sell its ‘Honor’ range of devices.

India's software technology exports rising 8 to 10% yearly

Office software

India's exports from the Software Technology Parks (STP) across India are rising at a pace of 8 to 10% annually and would further increase in the upcoming years as the industry spreads across the country, a senior sector official said.

Business

Songs of Innocence
Songs of Innocence

Sensex falls 29pts ahead of RBI policy; IT shares up on weak Re

Songs of Innocence

The benchmark Sensex on Monday fell about 29 points to end at 26,597.11 on weakness in interest rate sensitive banking and auto shares ahead of RBI's monetary policy review.

Banks raise red flag over AI’s failure to mobilise funds

A man
In what could spell fresh trouble for Air India (AI), banks have expressed concern to the aviation ministry and the airline management on AI’s failure to raise money through sale of properties worth Rs. 500 crore per year since 2011-12.
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