HindustanTimes Wed,01 Oct 2014


S&P upgrades India's credit outlook to 'stable'

Rating agency S&P raised the outlook for India's 'BBB-minus' rating to 'stable' from 'negative,' saying Modi government's strong mandate offered a conducive environment for reforms.

Tata Steel wins Asian CSR Leadership Award

Sukinda Chromite Mine of the Tata Steel in Odisha has bagged the Asian Corporate Social Responsibility Leadership Award for Community Development.

Vedanta's Anil Agarwal pledges 75% of his $3.3bn wealth to charity

With a net worth of $3.3 billion, prominent industrialist Anil Agarwal has pledged 75% of his and his family’s wealth to charity, with a new liberal arts and humanities-focussed university in India among his priorities.

CCI orders fresh probe against Jaiprakash Associates

Competition Commission has ordered a fresh probe against Jaiprakash Associates for alleged unfair business practices in imposing unreasonable conditions on buyers at one of its realty projects.

S&P outlook upgrade positive; more good news in offing: FinMin

Enthused by an outlook upgrade by S&P to India's sovereign rating, the government said this 'good news' has come in the backdrop of significant improvements in macro-economic scenario of the country.

BlackBerry posts $207 million loss

BlackBerry posted a loss of $207 million in the second quarter on Friday just days after the embattled company launched a new phone. The Canadian company said it lost two cents per share on an adjusted basis on revenue of $916 million.

Sebi notifies norms for realty investment trusts

Market regulator Securities and Exchange Board of India (Sebi) on Friday notified the final regulations for setting up real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

No plan to take Hike overseas, India is a big mkt: Kavin Mittal

Kavin Mittal, 27, son of Bharti Group chairman Sunil Bharti Mittal, dreams that his fledgeling enterprise, Hike Messenger app for smart phones, will eventually grow into as big a company as Airtel.

Modi’s US trip likely to set the tone for India investments by global cos

PM Modi on his maiden visit to the US, is set to hard-sell the story why India’s rising economy has never mattered more than before, as he seeks to reset business relationship between the world’s two largest democracies.

‘Make in India’ gets facilitation cell to guide investors

In a boost to Prime Minister Narendra Modi’s “Make in India” campaign, Invest India on Friday announced the setting up of a dedicated investor facilitation cell (IFC) at industry chamber Ficci.

Govt to set up panel on new allocation strategy

The government is planning to set up an inter-ministerial panel to decide the future course of action on the coal block permits that were cancelled by the Supreme Court earlier this week.

SpiceJet COO Kapoor lashes out at AirAsia India on social media

Sanjiv Kapoor, chief operating officer of budget carrier SpiceJet, on Friday took on AirAsia India in a series of tweets. Though Kapoor did not name the airline it was quite apparent who he was referring to.

Barry Callebaut to set up manufacturing unit in India

Switzerland-based chocolate makerBarry Callebaut is looking at setting up a manufacturing unit in India as part of its global expansion plans to cash in on the Rs. 3,000 crore domestic market. Barry Callebaut currently has only commercial operations in the country.

US business questions Modi's reform credentials ahead of visit

The US business lobby on Thursday questioned the reformist credentials of Prime Minister Narendra Modi, on the eve of his visit to the United States in which he will encourage investment and declare India open for business.

Reliance Industries to create 1.25 lakh jobs in 12-15 months

Industry leaders, from both India and abroad, pledged their support to Prime Minister Narendra Modi’s 'Make in India' campaign and sought stable tax structure, labour law reforms and expeditious decision-making to make it a reality.
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