HindustanTimes Sun,27 Jul 2014


Market extends record-breaking run, Sensex zooms 2%; IT shines

Bombay Stock Exchange

The market continued its north-bound journey for the second straight week, propelling both the key indices, Sensex and Nifty, to new peaks on buying in IT, tech, FMCG and pharma counters on uninterrupted foreign fund inflows and some robust Q1 earnings.

Dell, BlackBerry downplay threat from Apple-IBM alliance

IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.

India needs to revitalize its economy to be global player: US

Construction work
India needs to revitalize its economy to reach the potential as a strategic power across the Asia region and across the globe, a top US official has said.

Muslim hoteliers boycott US products to protest against Israeli strikes in Gaza

Gaza City
Muslims in Mumbai are protesting Israel’s military operation in Gaza and look who’s feeling the heat — foreign food and drink companies such as PepsiCo, Coca-Cola, Nestle and Kraft.

HD movie in 9 minutes flat: what 4G can do for your digital life

Fourth-generation (4G) WiBro network
For Rishab Sharma, a Punjab University student, life literally revolves around the speed of internet access on his mobile phone. After limping along on 3G, he has now got the latest ‘4G’ or fourth generation cellular service on his phone, and now he has got wings!

No retro hit on debt MFs, tax only on post July 10 buys: Jaitley

Arun Jaitley
The NDA government under Prime Minister Narendra Modi doesn't believe in high taxes since it prevents investments that create jobs and drives consumers away, finance minister Arul Jaitley said on Friday.

IMF cuts global growth outlook; India avoids ratings downgrade

The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.

No decision on FDI in supermarkets: trade minister

Nirmala Sitharaman
The new government has not decided its stance on a policy in place to allow foreign direct investment in supermarkets, trade minister Nirmala Sitharaman told lawmakers in a written reply in Parliament on Friday.

Does new global financial info-share regime leave India high and dry?

Pranab Mukherjee
The new international framework of automatic exchange of tax information released by the Organisation for Economic Cooperation and Development (OECD) on Monday seems to have a lot of loopholes as far as India is concerned.

Tremendous mood swing, positivity on Modi govt: Indian CEOs

After the formation of the Narendra Modi government, there is a tremendous mood swing and positivity in the country, a visiting delegation of Indian CEOs from CII said describing its maiden budget as visionary.

HT Media revenue up 3% to Rs. 585 cr

Hindustan Times
HT Media Ltd (HTML) on Friday reported a 3% year-on-year rise in net revenue for the April-June quarter to Rs. 585.9 crore, from Rs. 568.5 crore last year, led by an increase in advertising and circulation revenues.

India among world’s top 5 medical tourism hotspots

Medical Insurance
India is one among the top five medical tourist spots in the world having hosted nearly 166,000 medical tourists from across the globe in 2012, said a PHD Chamber’s Medical and Wellness Tourism Report released on Friday.

Govt has no proposal to reduce gold import duty: Nirmala Sitharaman


India, the world's second-biggest gold consumer, does not have any current proposal to cut the record 10% import duty on gold, minister of state for finance Nirmala Sitharaman said on Friday.

Facebook now valued more than AT&T, Coke

Facebook's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members.

Banks not allowed to trade in bonds for infra lending: RBI

Banks will not be allowed to trade bonds issued by other lenders for infrastructure lending that would be exempted from mandatory reserve requirements under the guidelines issued last week, said RBI deputy governor R Gandhi.

India threatens to derail WTO deal, puts food security rider; US angry


India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.

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