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HindustanTimes Tue,21 Oct 2014

Business

Oil giant CEO killed after drunk snow plow driver rams his jet

Christophe de Margerie
The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokesperson Elena Krylova said on Tuesday.

Sensex up 74 points in early trade as govt steps up reforms

Bombay Stock Exchange
Extending gains for the third straight day, the benchmark BSE Sensex rose over 74 points in early trade on Tuesday on sustained buying by funds and investors after the government stepped up economic reforms amidst a mixed trend on other Asian bourses.

Microsoft CEO Satya Nadella gets $84 million pay package

Satya Nadella
A regulatory document filed on Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but most of the payments will be made over several years.

Govt may accept Deloitte report, split Coal India into smaller companies

Coal Block, CBI
The government is set to undertake the restructuring of Coal India Ltd by creating multiple mega coal companies in line with the recommendations of a government-commissioned study by Deloitte.

Cabinet okays ordinance to end coal block stalemate

Coal Block, CBI

Union Cabinet  recommended promulgation of Ordinance to President to resolve pending issues after SC quashed allocation of coal blocks on Monday

Sensex vaults 321 points on diesel deregulation

Bombay Stock Exchange
Diwali came early to Dalal Street on Monday with both the Sensex and Nifty marking their biggest daily gains in more than one week after the Narendra Modi government's energy reforms led to a rally in shares of oil retailers, while wins by the BJP in Maharashtra and Haryana assembly elections raised expectations of more reforms.

Vodafone offers 80% off on data, talktime on Oct 19 and 20

Vodafone

Vodafone India on Friday launched a two day Diwali flash sale for Delhi and NCR pre-paid customers wherein they can have upto 80% off on segments like Internet, SMS, voice, bonus card deals on October 19 and 20.

HT Media Q2 revenue up 0.5%

HT Thumbnail
HT Media Ltd, the publisher of Hindustan Times, on Friday reported a 0.5% rise in total revenues to Rs. 594.8 crore for the July-September quarter from Rs. 591.6 crore a year ago.

MTNL to get financial assistance to meet MAT liability

MTNL
The government approved on Saturday a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax.

Rupee gains 8 paise against dollar in early trade

rupee
Extending its rising streak for the third straight day, the rupee appreciated by 8 paise to 61.28 against the dollar in early trade at the Interbank Foreign Exchange on Tuesday on sustained selling of the US currency by exporters and banks.

Bankruptcy law likely to give investors easy exit options

An investor reacts
The government has set up a committee to frame a bankruptcy law to enable entrepreneurs to close down unviable businesses. The move is likely to primarily help small and medium enterprises (SMEs).

Gold import curbs could be back after Diwali

Arm candy

Surging gold imports may bring back import curbs, with the government focussed on containing foreign exchange outflow and keeping the rupee stable.

Rupee gains 25 paise against dollar in early trade

Currency
The rupee strengthened by 25 paise to 61.19 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst oil and gas reforms announced by the government.

Beware of get-rich-quick financial schemes

Modi
To grow the economy, Modi has to attract foreign investment, make the business environment more conducive by reforming the inflexible labour laws and speeding up environmental clearances while simultaneously establishing institutes for skills development.

Flipkart leases office space from Embassy in largest deal

Flipkart
In the largest office leasing deal, homegrown e-commerce giant Flipkart on Saturday agreed to take 3 million sq ft of prime office space in Bangalore from realty firm Embassy group at an annual rent of Rs. 300 crore.

Dalal Street expects quicker reforms after BJP’s Maharashtra win

Dalal Street
Industry captains and market players are upbeat about the change in government in Maharashtra, and expect speedy resolution of stalled projects and improved business prospects for the state.
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