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HindustanTimes Fri,24 Oct 2014

Business

FTIL to absorb NSEL, liabilities; share tanks 20%

In a move that is likely to help investors hit by the alleged Rs. 5,600-crore fraud at the NSEL recover their dues, the government on Tuesday ordered merger of NSEL with parent company FTIL.

Hindalco, Jindal shares surge on govt decision to auction coal blocks

The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck down last month as arbitrary.

Tatas' launch Land Rover factory in China

Tata's Jaguar Land Rover rolled out on Tuesday its premium Range Rover Evoque at colourful ceremony in Changshu (China), formally inaugurating its over $1.7 billion factory where it is set to manufacture new Jaguar models in a joint venture with China's Chery Automobile Company by 2016.

HDFC Bank Q2 profit up 20 pct, lags estimates

HDFC Bank reported on Tuesday a 20% rise in its September quarter net profit to Rs. 2,381.5 crore.

Private companies will be allowed commercial coal mining soon: Jaitley

A day after deciding to e-auction coal mines cancelled by Supreme Court to captive users, finance minister Arun Jaitley on Tuesday said commercial mining of coal will soon be opened for private sector firms.

Festive hiring to help create 4.5 lakh new jobs in Oct-Dec quarter

It's raining jobs this festive season as the October-December quarter is likely to create as many as 4.5 lakh vacancies, thanks to a significant uptrend in demand from sectors such as e-commerce, hospitality and retail, experts say.

India and Nepal ink agreement on power trade

Nepal’s energy secretary Rajendra Kishore Kshatri and his Indian counterpart Pradeep Kumar Sinha signed the document at a function held at Singha Darbar, the official seat of Nepal government.

Oil giant CEO killed after drunk snow plow driver rams his jet

The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokesperson Elena Krylova said on Tuesday.

Sensex gains 146 points; banks stocks rise

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,552.45 points, closed the day's trade 26,575.65 points, up 145.80 points or 0.55% from the previous day's close at 26,429.85 points.

Microsoft CEO Satya Nadella gets $84 million pay package

A regulatory document filed on Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but most of the payments will be made over several years.

Rupee gains 5 paise vs dollar, ends at over 1 week high of 61.31

The Indian rupee gained for the third session on Wednesday, surging by another five paise against US dollar to end at over one-week high of 61.31 on sustained selling of the greenback by banks and exporters in view of strong equity market and capital inflows.

Govt may accept Deloitte report, split Coal India into smaller companies

The government is set to undertake the restructuring of Coal India Ltd by creating multiple mega coal companies in line with the recommendations of a government-commissioned study by Deloitte.

Bankruptcy law likely to give investors easy exit options

The government has set up a committee to frame a bankruptcy law to enable entrepreneurs to close down unviable businesses. The move is likely to primarily help small and medium enterprises (SMEs).

Cabinet okays ordinance to end coal block stalemate

Union Cabinet  recommended promulgation of Ordinance to President to resolve pending issues after SC quashed allocation of coal blocks on Monday

Gold import curbs could be back after Diwali

Surging gold imports may bring back import curbs, with the government focussed on containing foreign exchange outflow and keeping the rupee stable.

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