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HindustanTimes Wed,20 Aug 2014

Business

Ballmer steps down from Microsoft board

Steve Ballmer
Former Microsoft CEO Steve Ballmer is stepping down from the company's board. Microsoft Corp. published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

Sensex, Nifty retreat from highs as markets log 1st drop in 7 days

Bombay Stock Exchange

In its first drop in seven days, the benchmark Sensex today retreated from record highs and ended 106 points down at 26,314.29 as investors booked gains in oil and gas, FMCG and capital goods scrips amid mixed global cues.

Rupee down 15 paise against dollar in early trade

Currency
Snapping its two-day rising streak, the rupee fell by 15 paise to 60.82 against the US currency in early trade at the Interbank Foreign Exchange market on Wednesday due to the dollar's gain against other units overseas.

Loss on diesel sale rises to Rs. 1.78/ltr, price decontrol to be delayed

Petrol and diesel
Rising global crude oil prices and fall in the value of the rupee against the US dollar may once again delay the government’s plans to deregulate diesel prices by the middle of 2014-15.

Disclose company board decisions within 15 minutes: Sebi

SEBI
Market regulator Sebi has proposed that all listed companies should intimate within 15 minutes of closure of the board meetings about decisions on dividends, bonus, fund-raising and buyback, among others.

Gold remains weak on sluggish demand, global cues

3
Extending declines for the fourth day, gold prices on Tuesday fell by another Rs. 50 to close at Rs. 28,550 per ten gram at the bullion market in the national capital due to subdued demand from jewellers amid a weak trend overseas on easing geo-political tensions.

Google buys travel guide app startup Jetpac

Google
Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram.

Rupee gains slightly on bunched up dollar inflows

Currency
The rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers.

Ministry may direct banks to offer discounted loans in festive season

Why did EC allow Rahul's roadshow and deny Modi, asks Jaitley
With buyers shying away from purchases due to the ongoing slowdown, the finance ministry is likely to nudge public sector banks to look at ways to lure wary customers.

Steve Ballmer steps down from Microsoft board

ballmer
Ballmer made his decision public a month after his successor, Satya Nadella, announced unprecedented job cuts at the US technology firm as it worked to adapt to a 'mobile first, cloud first' world.

Second innings
Google, Tata, Godrej, GE woo former women staff

Female employees. (Illustration: Abhimanyu)
Sabbaticals were once viewed as taboo for working women, and reduced their chances of getting back into the maninstream. But companies such as Google India, GE and Godrej Group are among those that are re-hiring female executives.

Samsung buys US air conditioner firm Quietside in 'smart home' push

Samsung
It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a U.S.-based platform developer which builds apps that allow users to monitor, control and automate devices at home.

TCS subsidiary gets multi-million pound deal from Friends Life Management

Tata Consultancy Services
Tata Consultancy Services said its subsidiary Diligenta had signed a multi-million pound deal with financial services company Friends Life Management Services Ltd for its international operations.

Auto scrips fuel Sensex, Nifty to new peaks, markets up for 6th day

Bombay Stock Exchange
Markets surged for the sixth session in a row on Tuesday with benchmark Sensex rising 30 points to a new closing peak of 26,420.67 and the Nifty gaining 23 points to end at a record 7,897.50.

TCS to donate Rs. 100 cr to build toilets in 10,000 schools

Tata Consultancy Services
Largest software exporter TCS on Tuesday announced a Rs. 100-crore donation for sanitation facilities for girl students in 10,000 schools across the country.

Parekh, Sreedharan may be in plan panel substitute

 E Sreedharan
The new avatar of the Planning Commission is likely to be a powerful body — packed with a technocrats, industrialists, state chief ministers and development experts — that will serve as the government’s primary policy advisory council.
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