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HindustanTimes Thu,21 Aug 2014

Business

Indian firms tool up for defence orders on Modi's 'Buy India' pledge

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Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

Bill for defunct SIM: Reliance to pay Rs. 25,000

RIM
Reliance Communications Ltd has been asked by a consumer forum here to give a compensation of Rs. 25,000 to a man for issuing a mobile bill for a non-functional SIM.

Rupee down 13 paise against dollar in early trade

Currency
The rupee declined by 13 paise to 60.74 against the US dollar in early trade on Thursday due to appreciation of the American unit against other currencies overseas.

5 Indian firms among Forbes' most innovative companies

Forbes
Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to 'generate big, new growth ideas'.

Giant set to bring Rs10.6-lakh cycle to India

The Propel Advanced SL 0
Top bike maker Giant is set to bring the world’s fastest bicycle, Propel Advanced SL 0, to India at a sticker price that will put a Harley Davidson to shame — Rs10.6 lakh.

Readership figures
HT far ahead of rivals, confirms fresh audit

HT logo
This puts at rest, once and for all, the debate over the past six months wherein some readership figures had witnessed a dip compared to past surveys, thereby prompting some publishers to raise questions about IRS’ accuracy.

Cabinet clears major infra, Digital India projects

Construction work
The Union cabinet on Wednesday approved three major infrastructure projects that aim to connect people faster. The ambitious Digital India project that would bring high-speed internet connectivity to far-flung rural areas was also cleared.

Sensex, Nifty retreat from highs as markets log 1st drop in 7 days

Bombay Stock Exchange

In its first drop in seven days, the benchmark Sensex today retreated from record highs and ended 106 points down at 26,314.29 as investors booked gains in oil and gas, FMCG and capital goods scrips amid mixed global cues.

Rupee down 15 paise against dollar in early trade

Currency
Snapping its two-day rising streak, the rupee fell by 15 paise to 60.82 against the US currency in early trade at the Interbank Foreign Exchange market on Wednesday due to the dollar's gain against other units overseas.

Sensex rises 56 points in early trade

Bombay Stock Exchange
The benchmark BSE Sensex recovered over 56 points in early trade on Thursday on emergence of buying by funds and retail investors amid a mixed trend in global markets.

Activa pips Splendor to July best-seller spot

Activa ranked India's best selling two-wheeler
With automatic scooters getting back in vogue, scooter market leader Honda Activa surged ahead of long time market leader Hero Splendor to emerge as the largest selling two-wheeler in the country in July 2014.

NTPC set to quit hydel power, NHPC thermal

A view of the Bathinda thermal plant. HT file photo
India’s largest thermal power company, NTPC Ltd, is exiting its non-core assets comprising of 1,611 mega watt (MW) of hydel power projects to public sector units including National Hydroelectric Power Corp (NHPC) and others that possess core competence of executing hydro power projects.

Syndicate bank case:Court to give order on bail pleas today

Sudhir Kumar Jain
A Delhi court has deferred till Thursday its order on the bail pleas of Chairman-cum-Managing Director of Prakash Industries Ltd Ved Prakash Agarwal, and its Director Vipul Agarwal, who were among the six arrested in the Syndicate Bank bribery case.

Steve Ballmer to log out fully from Microsoft, focus on NBA team

Steve Ballmer
Former Microsoft CEO Steve Ballmer is stepping down from the company's board. Microsoft Corp published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

Clarification - Sultan of Brunei denies involvement in purchase of Sahara hotels

Hassanal Bolkiah, Julia Gillard
Responding to the article 'Sultan of Brunei offers $2bn for 3 Sahara hotels', the Sultan of Brunei's representatives have denied his involvement in the purchase of the Grosvenor House in London or the Plaza and Dream Downtown hotels in New York.

Steve Ballmer steps down from Microsoft board

ballmer
Ballmer made his decision public a month after his successor, Satya Nadella, announced unprecedented job cuts at the US technology firm as it worked to adapt to a 'mobile first, cloud first' world.
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