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HindustanTimes Mon,22 Sep 2014

Business

Airlines oppose govt policy on connectivity to remote areas

Malaysian Airline search
Airlines and private charter operators have opposed the government's draft policy on air connectivity to regional and remote areas, saying it will have severe impact on their financial strength.

Bajaj Finance housing arm to give Rs. 2,000 cr home loans in FY16

Currency
Non-banking financial services player Bajaj Finance, which is gearing to launch a dedicated housing finance subsidiary next fiscal, aims to disburse up to Rs. 2,000 crore in home loans to the affluent class in FY16, a top official said.

Eight Indians in Fortune list of 25 powerful Asia-Pacific women

Indra Nooyi
As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women 'shaping the new world order' in the Asia-Pacific region.

Alibaba's Ma rides 'Forrest Gump' story to riches

Jack Ma Forrest Gump

Ma said the lesson he learned from the blockbuster featuring Tom Hanks was 'that no matter whatever changed, you are you. I'm still the guy I was 15 years ago (when I earned) $20 a month.'

Sensex, Nifty range-bound around record highs

Bombay Stock Exchange

Healthy buying by foreign and domestic investors on the back of as the US Fed announcement of maintaining a near zero percent interest rates even after the end of its bond-buying programme ends helped markets to remain range bound to 27,000-point mark.

UB Group's Prakash Mirpuri resigns

UB Group vice-president for corporate communications Prakash Mirpuri has resigned after over seven years of association with the Vijay Mallya-led conglomerate, sources said.

Alibaba's big debut: Here are the 10 things you want to know

Alibaba
China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history.

1.5 billion tonnes of coal set to be burnt in Jharkhand, W Bengal

Coal mines

Even as the country is reeling under a power crisis due to shortage of coal, about 1.5 billion tonnes of coal is set to be burnt down in underground fires in Jharia and Raniganj coalfields in Jharkhand and West Bengal, respectively, over the next few years.

Tata group shares gain after Moody's upgrades ratings

TaTa logo

Shares of Tata Group firms on Friday rose in the range of 1-12% after Moody's Investors Service upgraded ratings of half a dozen group companies. Among blue-chips, TCS's stock gained 3.31% to Rs. 2,724, while Tata Power climbed 2.27% to Rs. 90 on the BSE in morning trade.

Walmart to extend online wholesale platform reach from Oct 1

Beijing
Walmart India said on Saturday it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1.

FPIs continue to invest in Indian markets

investment

FPIs continued to buy into the Indian equities market in the week ended September 19, buoyed by the US Fed announcement that it will maintain interest rates to near zero for a "considerable time" even after its bond-buying programme ends, as also stable government policies.

Grounded: How these Indian tycoons landed in soup

Tycoons
The debt-laden empires of three of India's best-known tycoons — Vijay Mallya, Subrata Roy and T Venkattram Reddy —  are crumbling before their eyes, downfalls that observers say stem from a climate of weak regulation and deference to conspicuous wealth.

Portable PF A/c number to be launched on October 16

Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16.

EARLY BIRDS

Apple faces smartwatch ambush

Apple Watch

From fashionable alert machines to Android gear and service-driven fitness trackers, a host of wrist-worn gizmos are ready to take on the expected Apple Watch when it lands in India.

India to rank among world’s biggest aviation mkts: British Airways

British Airways

India is going to be one of the biggest aviation markets in the world and British Airways (BA) wants to be a grab  a chunk of the pie.

Drugmaker GSK says fined $490 million in China graft probe

Pills
A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said.
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