HindustanTimes Sun,26 Oct 2014


Finance minister Arun Jaitley favours interest rate cut

Why did EC allow Rahul's roadshow and deny Modi, asks Jaitley
Finance minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the RBI has signalled it will not ease policy until it is confident of lower inflation.

Nissan to recall 9,000 units of Micra, Sunny in India

Nissan launches Micra refresh
Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall. The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.

Fifth of eurozone banks fail ECB health check: Report

Make Wall Street Banks Pay
Nearly one in five of the 130 banks surveyed failed the stress test, the Wall Street Journal and the Daily Telegraph said, ahead of the publication of the official results by the ECB on Sunday.

Mahurat trading sets positive tone for year ahead

Make Wall Street Banks Pay
The bullish sentiment witnessed during Mahurat trading day on the Bombay Stock Exchange on Wednesday has set a positive tone for the year ahead. Mahurat trading takes place for one hour on the day of Diwali, since it is considered auspicious. 

Wal-Mart names Murali Lanka as chief operations officer

UHT milk
The world's biggest retailer Wal-Mart Stores Inc on Friday named Murali Lanka as the chief operations officer of its Indian subsidiary with effect from December 1.

Sensex gains in Diwali session; hopes high in new trading year

Sensex, BSE
Indian shares rose in a special 'muhurat' trading session for Diwali on Thursday, led by gains in Suzlon Energy Ltd. while hopes for continued foreign fund inflows into the country also boosted sentiment.

Xiaomi shifts smartphone user data out of Beijing on privacy concerns


Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.

Adidas India appoints Dave Thomas as new managing director

Dave Thomas have been appointed as the new managing director of adidas group India. Thomas succeeds Erick Haskell who has decided to leave the German sportswear brand to take-on a new career opportunity.

Cognizant bags IT deal from Germany's Vorwerk Group

Software services major Cognizant has bagged a six-year deal from Germany's Vorwerk Group to transform its IT infrastructure and provide application services.

Fireworks back for FMCG companies this Diwali

With the overall consumer sentiment improving, companies are launching new products, and are finding buyers too. Premium products are selling particularly well, according to executives at several large consumer goods firms.

Stocks shiver in market game, but IT mood remains bullish

Infosys Technologies
The stocks have fallen but that may hide some good news. India’s IT sector seems to be back in the robust growth game despite recent market hiccups  — if one looks beyond the obvious.

China, 20 others launch World Bank rival in Asia

Xi Jingping

Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.

'Cloud' lifts Microsoft earnings above expectations

Microsoft on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet 'cloud' services for enterprises.

India firm on objections to WTO Doha Round deal

Even as the World Trade Organisation's trade deal remained stalled due to India's objections, an Indian envoy at the UN stood firm on them, declaring a 'permanent solution on food security with necessary changes in World Trade Organisation (WTO) rules, if required, is a must and cannot be kicked down the road'.

Wal-Mart India names Murali Lanka as chief operations officer

The world's biggest retailerWal-Mart Stores Inc named on Friday Murali Lanka as the chief operations officer of its Indian subsidiary with effect from December 1.

Sensex begins Samvat 2071 on positive note, up 63 points

Bombay Stock Exchange
The first trading session of Samvat 2071 concluded on a positive note on Thursday with the Sensex rising over 63 points and the Nifty regaining the 8,000-mark, extending gains for the fifth straight session.
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