HindustanTimes Sat,20 Sep 2014


Larry Ellison steps down as Oracle CEO after 37 years

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.

Sensex down nearly 22 points on profit-booking; logs 6th weekly rise

Bombay Stock Exchange

Profit-booking on Friday pulled the Sensex down by 22 points to close at 27,090.42 on losses in capital goods, refinery, realty and auto sectors, but recent gains helped the BSE benchmark log its sixth straight week of gains, the longest winning run in over two years.

Indians among top property buyers in Dubai

A camel
Indians constitute a dominating group while buying real estate in Dubai, having invested nearly 10.5 billion dirhams (Rs 104 billion approx) during the first half of this year, says a report.

Fortune ranks Indra Nooyi third most powerful women in business

Indra Nooyi

PepsiCo's India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

SRK: The greatest businessman can walk away from a deal if it doesn’t feel right

 Shah Rukh Khan
Shah Rukh Khan, the badshah of Bollywood and the promoter of Kolkata Knight Riders, Kidzania and Red Chillies, believes that a business or a product can be complicated, but it should work simply.

Alibaba shares surge more than 40% in Wall Street debut

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38% at $94.08 after 10 minutes.

Maruti appoints RS Kalsi as head of domestic marketing & sales

Maruti Suzuki
Country's largest carmaker Maruti Suzuki India on Thursday appointed RS Kalsi as head of domestic marketing and sales following the resignation of Mayank Pareek from the company.


UP: Vijay Mallya summoned by Bulandshahr court

CEO of Kingfisher Airlines Limited Vijay Mallya.
Kingfisher Airlines Chairman-cum-Managing Director Vijay Mallya has been summoned by a court in Bulandshahr on a pilot's petition alleging that the company was withholding his payment dues.

Global billionaire population to cross 3,800 by 2020: Wealth-X

 Malcolm Glazer
The population of billionaires globally is likely to surpass 3,800 by 2020, with the technology sector expected to create a significant number of new super-rich in the coming years, says a report.

Rupee gains on foreign flows, but falls for the week

Rupee versus dollar

The Indian rupee rose for a fourth consecutive session on Friday, boosted by strong foreign fund flows into markets, although the local currency fell against the dollar for the week, in line with losses in other emerging Asian currencies.

Hyundai bids $10 billion for an office building

Hyundai cars to ditch cigarette lighter socket
Hyundai will pay a record $10 billion for a 79,342 square metre plot for its new headquarters in Seoul’s Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on trophy property.

Pound hits two-year high against euro on Scotland results

Union Jack
The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.

Infosys partners Huawei; extends pact with Microsoft, Hitachi

Bangalore IT industry
India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.

Thomas Cook India partners with RBL Bank

Thomas Cook
Travel firm Thomas Cook (India)has partnered with RBL Bank to distribute its multi-currency borderless prepaid card through the bank's 185 branches across the country.

BSE, NSE to shift 2 UB group firms to restricted trade segment

An act of solidarity
Leading bourses BSE and NSE have taken action against Vijay Mallya-led UB group firms Kingfisher Airlines and UB Engineering for non-compliance to timely reporting of financial results for two consecutive quarters.

Maruti voting to allow Suzuki to own Gujarat plant likely in November

Maruti Suzuki
Maruti Suzuki India on Thursday said voting by minority shareholders over its move to let parent Suzuki Motor Corp own and invest in Gujarat plant will likely happen in November instead of October as earlier envisaged.
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