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HindustanTimes Wed,30 Jul 2014

Business

Citi to hire 100 bankers in Asia, eyes more business from smaller clients

Citi Group
Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC's footsteps with a strategy that focuses on selling smaller corporate clients a wider range of products.

Honda says quarterly net profit jumped 19.6% to $1.4bn

2013 Acura MDX SUV photo gallery
Japanese automaker Honda said on Tuesday its latest quarterly net profit jumped 19.6% to $1.4 billion thanks to a weak yen, as it boosted its full-year profit forecast.

ITC Q1 profit up 16%, sales jump on demand for smaller smokes

cigarette-addiction-smoking
ITC Ltd reported a better-than-expected 25% rise in quarterly sales as demand for smaller and cheaper cigarettes grew and its consumer goods business put in a stronger performance.

Oracle sees opportunity in India’s Internet boom

Oracle Corp

With rural penetration and mobile internet usage growing exponentially, data consumption is outstripping growth of infrastructure and facilities in India. And technology leaders are looking to take advantage of the situation.

Tech-it-Easy

Your digital TV needs tender care

LCD

My LCD television set developed problems last month — half the screen showed white stripes. To cut the long story short, I am still wondering how to fix this as the warranty period is over.

At Rs. 10 crore, Indian CEOs earn just a tenth of US peers

CEOs
Indian CEOs earn only one-tenth of the salaries raked in by their counterparts in the US and significantly lower compared to those in the UK and Germany.

Australia approves Adani group’s $16-billion Queensland coal project

Adani
The Australian government on Monday approved Gautam Adani-led Adani Mining Pty Ltd’s controversial A$16.5 billion ($15.5 billion) Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater.

Sensex down 135 points at one-week low on profit-taking

budget, BSE
The benchmark Sensex on Monday fell for second straight day and ended 135.52 points down at a one-week low of 25,991.23 as investors booked profits in metal, oil and gas and realty shares after the recent rally.

Hindustan Unilever Ltd Q1 net up 3.68% at Rs. 1,056.85 crore

Hindustan Unilever
FMCG major Hindustan Unilever Ltd on Monday reported 3.68% increase in standalone net profit at Rs. 1,056.85 crore for the first quarter ended June 30, 2014-15.

Reliance Power buys hydro power portfolio of Jaypee

Anil Ambani
Anil Ambani Group company Reliance Power emerged as a dark horse, beating rivals like Adani Power and JSW, to win a deal to buy the entire hydro power portfolio of Jaiprakash Associates Ltd comprising three operating plants.

Sebi may amend takeover norms, control definitions

SEBI

Securities and Exchanges Board of India (Sebi) may soon consider some changes in its takeover norms for listed companies, including in the provisions governing price offered to minority investors and those defining change in control.

Wipro sitting on $2-billion war chest, eyes more acquisitions

Wipro

Armed with a $2-billion cash chest, India’s third-largest software services exporter, Wipro Ltd, is eyeing buyouts, especially IT service companies that cater to healthcare and manufacturing sectors.

Govt moves to ease coal starvation for power companies

PiyushGoyal

The government has put in place a roadmap that ensures coal supplies for the next two years for the already commissioned and stranded plants as well as those that would be commissioned by March, 2015.

Rupee flat; importers buy dollars, shares fall

Bombay Stock Exchange

The rupee is trading at 60.0950/1000 versus previous close of 60.1025/1125. The Nifty is down 0.67 percent after hitting its lowest since July 22.

India's FII debt limit hike credit-positive: Moody's

Bombay Stock Exchange
India's measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country's credit profile since it will help stabilise domestic interest and currency rates, Moody's Investors Service said on monday.

SpiceJet told to refund all passengers for flight delay

SpiceJet

Aviation regulator, the Directorate General of Civil Aviation (DGCA), has ordered no-frills carrier SpiceJet to refund fares of all passengers on a Mumbai-Delhi flight that was delayed by nearly five hours last month.

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