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HindustanTimes Thu,24 Jul 2014

Business

India willing to stall WTO deal to ensure food security for all

Crops
India will not support the World Trade Organisation’s (WTO’s) “trade facilitation agreement” (TFA) if the deal doesn’t come bundled with a permanent solution that will allow unhindered roll-out of welfare schemes such as the food security programme.

Way to go: World Bank chief bats for Gujarat model all across India

Jim Yong Kim
India will be a far easier place to do business if the country adopted the practices and processes that Gujarat follows, World Bank said on Wednesday, in what could be seen a thumbs up for Prime Minister Narendra Modi’s much-touted Gujarat model of governance.

FII investment limit in G-secs raised by $5 bn

Jim Yong Kim
The Reserve Bank on Wednesday said the FII limit for investment in government securities has been increased by USD 5 billion within the total cap of USD 30 billion.

RIL wants higher price for gas, upset with $8.4/unit

Reliance
Mukesh Ambani-led Reliance Industries Ltd (RIL) has told the petroleum ministry that the new price of $8.4 a unit for gas is not the right price and was 'well below the arm’s length price.'

The emerging order of the BRICS bank

Narendra Modi, BRICS
Leaders of the five Brics nations (Brazil, Russia, India, China and South Africa), on Tuesday agreed to create a new multilateral development bank to fund infrastructure investment needs. Here's a primer.

Apple profits $7.7 billion on iPhone sales; iPad dampens results

 Apple store

Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results.

Gold dives below Rs. 28K mark on fresh selling, global cues

3
Gold prices slipped back below the key Rs. 28,000 per 10/grams mark in the bullion market in Mumbai on Tuesday due to fresh bouts of selling from stockists and investors, combined with overall sluggish demand.

HT Special
India toughens stance on food subsidy at WTO

The National Food Security Bill, 2011
India has made it clear that state-funded welfare schemes for the poor are non-negotiable, and it is willing to take the blame for delaying the WTO’s 'trade facilitation' agreement rather than hurt the interests of small farmers.

Tech IT Easy
Will it be Nikesh vs Mukesh in India's 4G wars?

Mukesh Ambani

Mukesh Ambani-led Reliance Jio is set to usher in 4G services next year. Last week, I was tempted to say, it is now perhaps Nikesh vs Mukesh in India’s telecoms, after Nikesh Arora quit as chief business officer at Google Inc and headed to become vice-chairman of Japan's SoftBank where he starts in October.

Rupee rises 15 paise vs dollar to end at over 1-week high

Currency
The rupee on Wednesday appreciated by 15 paise to close at over one-week high of 60.09 against the American unit following bullish local equities and sustained capital inflows, extending gains for the second straight day.

After Lord’s, brands set to chase Ishant Sharma, Bhuvaneshwar Kumar, others

i ishant
The whole nation is celebrating India’s win in the Test match at the Mecca of cricket, Lord’s. Ishant Sharma and co had fans and critics alike gushing. And waiting in the slips as it were, to cash in on the glory, are advertisers.

'Start implementing budget plans by August 10'

Arun Jaitley
To ensure that programmes announced by finance minister Arun Jaitley in the Budget are not stuck in unnecessary paperwork, the government has set a 20-day deadline to the bureaucracy to get all approvals for implementing them.

Aircel-Maxis deal
Enough material against Dayanidhi Maran: AG to CBI

Karunanidhi
Attorney general of India Mukul Rohatgi has given a legal opinion to the CBI, saying there was enough evidence to prosecute ex-telecom minister Dayanidhi Maran and brother Kalanidhi Maran.

Walmart adds $102.9 million in Indian wholesale business in June

Walmart
Walmart Stores Inc has infused fresh funds worth 6.2 billion rupees ($102.9 million) into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.

India’s e-tailing business to zoom as retail giants eye online stores

Online shopping portals
The strategy is likely to work, as Indian consumers have embraced the online shopping experience, and no longer finds a 'touch and feel' experience necessary for shopping.

RJ Reynolds to pay $23.6 bn in damages to widow of chronic smoker

cigarette-addiction-smoking

A Florida state jury has ordered the RJ Reynolds Tobacco Company to pay $23.6 billion in punitive damages to the wife of a longtime smoker who died of lung cancer, attorneys said.

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