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HindustanTimes Thu,24 Apr 2014

Business

'Gujarat model' has become a 'political currency': Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the term 'Gujarat model' has become a 'political currency' but he is not sure of its meaning.

New govt may raise agricultural credit target in budget

The new government is likely to come under pressure to further increase agriculture credit target to maintain high farm growth, which is an essential pre-condition for a wider economic revival.

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.

RIL sees flat Q4 net, but full-year profit hits record

Reliance Industries Ltd on Friday reported a marginal rise of 0.8% in its net profit in the fourth quarter, even though the company’s quarterly profits were the highest in more than two years.

Google a top pick for Wall Street despite weak Q1

Google Inc’s disappointing first-quarter results left Wall Street unfazed about the Internet giant’s ability to come to grips with the shift to the fast-growing mobile advertising market.

Glenmark pulls 2,900 bottles of ulcer drug in US

India's Glenmark Pharmaceuticals Ltd is recalling some  2,900 bottles of its stomach ulcer drug ranitidine in the United States after a foreign tablet was found in one of the bottles.

Touched for being awarded GBE by UK: Ratan Tata

Ratan Tata, chairman emeritus of Tata Group, on Wednesday said he was 'deeply touched' for being one of five foreign nationals to be honoured by Queen Elizabeth with the GBE (Knight Grand Cross) in 2014.

Rajat Gupta to surrender on June 17 in insider trading case

Gupta was convicted in June 2012 on securities fraud and conspiracy charges for having fed tips, from Goldman board meetings in the second half of 2008, to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.

Wipro Q4 net up 41%, beats expectations

India’s third-largest software services exporter, Wipro, on Thursday beat expectations with a 41% year-on-year growth in consolidated net profit to Rs. 2,230 crore for the quarter ended March 31. 2014 aided by IT spending by customers.

'Chief Yahoo' David Filo returns to board

Yahoo announced the nomination Wednesday of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

RBI raises $3.3 billion in biggest-ever bond auction

The Reserve Bank of India on Thursday fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.

HCL Tech Q3 net profit up 59% at Rs. 1,624 crore

IT services firm HCL Technologies on Thursday posted 59% increase in net profit at Rs. 1,624 crore for the quarter ended March 31, 2014.

CAG can audit accounts of telecom firms: SC

The Supreme Court on Thursday held that the Comptroller and Auditor General of India (CAG) can audit the account books of private telecom companies which share revenue with the government for using spectrum.

A star abroad, RBI boss, Raghuram Rajan, riles bond traders at home

Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

'India's ratings to depend on new govt policies'

Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.
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