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HindustanTimes Mon,28 Jul 2014

Business

Maruti hikes Celerio AMT output, looks to cut waiting period

Maruti Celerio EZ Drive automatic review, test drive

Country's largest car maker Maruti Suzuki India (MSI) is looking to increase the supply of auto gear shift version of its latest compact hatchback Celerio to reduce the waiting period that currently stands at about four months.

Telcos must deliver promised internet speed for 80% usage time: TRAI

A mobile user
Telecom operators offering mobile internet services have to ensure that the minimum download speed specified in their data plans is available to subscribers for not less than 80% of usage time from August 23.

HDFC, Birla Sun, Reliance Life top Irda's unfair biz chart

insurance
HDFC Standard Life, Birla SunLife and Reliance Life top the chart of unfair business practices among two dozen life insurance companies, as per the Irda data submitted to the finance ministry.

Sebi steps up ponzi clampdown; cracks whip on 10 in a month

SEBI
To protect the public from fraudulent money-pooling activities, Sebi has stepped up action against entities raising funds illegally, even as it awaits Parliamentary nod for greater powers to check such frauds.

WEEKLY MARKET REVIEW
Market extends record-breaking run, Sensex zooms 2%; IT shines

Bombay Stock Exchange

The market continued its north-bound journey for the second straight week, propelling both the key indices, Sensex and Nifty, to new peaks on buying in IT, tech, FMCG and pharma counters on uninterrupted foreign fund inflows and some robust Q1 earnings.

India needs to revitalize its economy to be global player: US

Construction work
India needs to revitalize its economy to reach the potential as a strategic power across the Asia region and across the globe, a top US official has said.

Muslim hoteliers boycott US products to protest against Israeli strikes in Gaza

Gaza City
Muslims in Mumbai are protesting Israel’s military operation in Gaza and look who’s feeling the heat — foreign food and drink companies such as PepsiCo, Coca-Cola, Nestle and Kraft.

HD movie in 9 minutes flat: what 4G can do for your digital life

Fourth-generation (4G) WiBro network
For Rishab Sharma, a Punjab University student, life literally revolves around the speed of internet access on his mobile phone. After limping along on 3G, he has now got the latest ‘4G’ or fourth generation cellular service on his phone, and now he has got wings!

No retro hit on debt MFs, tax only on post July 10 buys: Jaitley

Arun Jaitley
The NDA government under Prime Minister Narendra Modi doesn't believe in high taxes since it prevents investments that create jobs and drives consumers away, finance minister Arul Jaitley said on Friday.

Coal India yet to sign fuel supply pacts with 12 power units

coal
State-owned Coal India (CIL) is yet to enter into fuel supply pacts with 12 power units as issues like change in ownership and extension of coal supplies are still being examined by the government.

Amazon's far-reaching ambitions, lack of profits, unnerve investors

Amazon
Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Dell, BlackBerry downplay threat from Apple-IBM alliance

Apple
IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.

Tremendous mood swing, positivity on Modi govt: Indian CEOs

CII
After the formation of the Narendra Modi government, there is a tremendous mood swing and positivity in the country, a visiting delegation of Indian CEOs from CII said describing its maiden budget as visionary.

HT Media revenue up 3% to Rs. 585 cr

Hindustan Times
HT Media Ltd (HTML) on Friday reported a 3% year-on-year rise in net revenue for the April-June quarter to Rs. 585.9 crore, from Rs. 568.5 crore last year, led by an increase in advertising and circulation revenues.

India among world’s top 5 medical tourism hotspots

Medical Insurance
India is one among the top five medical tourist spots in the world having hosted nearly 166,000 medical tourists from across the globe in 2012, said a PHD Chamber’s Medical and Wellness Tourism Report released on Friday.

Govt has no proposal to reduce gold import duty: Nirmala Sitharaman

Gold

India, the world's second-biggest gold consumer, does not have any current proposal to cut the record 10% import duty on gold, minister of state for finance Nirmala Sitharaman said on Friday.

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