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HindustanTimes Mon,22 Sep 2014

Business

Maruti's hold on best selling car models in India continues

Maruti Suzuki India
Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto, heading the top ten best sellers list in April-August period this fiscal.

FinMin in a quandary over Dabhol project

Jaitapur nuclear power

The government’s diktat to public sector banks to rein in their non-performing assets (NPAs) has brought the focus sharply back on the Ratnagiri power project in Maharashtra (the erstwhile Dabhol plant).

G20 to add $2 trillion to global GDP, track black money worldwide

Nirmala Sitharaman
G20 decided to put in place a mechanism for automatic exchange of tax information between various countries by 2017, a development which will help India in dealing with the menace of black money stashed abroad.

Wal-Mart e-commerce push to go pan-India

Walmart
Wal-Mart will roll out the online e-commerce platform to members of its Best Price Modern Wholesale stores in Guntur and Vijaywada beginning October 1, and eventually extend e-commerce operations to all existing stores and maybe even to new stores.

Sensex gains 116 points; consumer durables stocks rise

Bombay Stock Exchange
The benchmark BSE Sensex dipped below the 27000-level by falling over 166 points in early trade on Monday as funds and retail investors engaged in reducing positions amid a weak trend on other Asian bourses.

Mint Special
Alibaba boost for Indian e-commerce

Alibaba
When Alibaba.com raised $21.8 billion in the biggest ever initial share sale on Friday, the Chinese internet company made a strong case for its emerging market counterparts, convincing investors globally that the next set of large e-commerce companies will come from markets outside the US.

Bajaj Finance housing arm to give Rs. 2,000 cr home loans in FY16

Currency
Non-banking financial services player Bajaj Finance, which is gearing to launch a dedicated housing finance subsidiary next fiscal, aims to disburse up to Rs. 2,000 crore in home loans to the affluent class in FY16, a top official said.

Walmart to extend online wholesale platform reach from Oct 1

Beijing
Walmart India said on Saturday it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1.

FPIs continue to invest in Indian markets

investment

FPIs continued to buy into the Indian equities market in the week ended September 19, buoyed by the US Fed announcement that it will maintain interest rates to near zero for a "considerable time" even after its bond-buying programme ends, as also stable government policies.

School toilet blitz spells windfall for state-run Hindustan Prefab

Sector 10 school toilet

When Prime Minister Narendra Modi urged companies to participate in constructing toilets across the country, it signalled a windfall for a little-known public sector company, Hindustan Prefab Ltd.

BPM seeks out smaller towns to fuel growth

India’s business process management (BPM) industry may see a geographic shift in favour of non-metro or Tier-2 cities and small towns, which hitherto never figured in their location planning.

Rupee ends a paisa down at 60.82 vs dollar in lacklustre trade

Currency
In lacklustre trade, the Indian rupee on Monday closed one paisa down at 60.82 against the US dollar on alternate bouts of demand and supply, snapping a four-day rising trend.

Airlines oppose govt policy on connectivity to remote areas

Malaysian Airline search
Airlines and private charter operators have opposed the government's draft policy on air connectivity to regional and remote areas, saying it will have severe impact on their financial strength.

Eight Indians in Fortune list of 25 powerful Asia-Pacific women

Indra Nooyi
As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women 'shaping the new world order' in the Asia-Pacific region.

Alibaba's Ma rides 'Forrest Gump' story to riches

Jack Ma Forrest Gump

Ma said the lesson he learned from the blockbuster featuring Tom Hanks was 'that no matter whatever changed, you are you. I'm still the guy I was 15 years ago (when I earned) $20 a month.'

Sensex, Nifty range-bound around record highs

Bombay Stock Exchange

Healthy buying by foreign and domestic investors on the back of as the US Fed announcement of maintaining a near zero percent interest rates even after the end of its bond-buying programme ends helped markets to remain range bound to 27,000-point mark.

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