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HindustanTimes Tue,21 Oct 2014

Business

Crude at 47-month low, good news for economy

Global crude oil prices fell to a four-year low of $84 a barrel on Wednesday, raising prospects of further cuts in retail fuel prices besides bolstering the government’s plans to tame inflation and cut subsidies.

Freeze your eggs, Apple tells female employees

Facebook and Apple have a new perk for their female employees: an offer to pay for freezing their eggs, to delay parenting and stay focussed on their careers.

Don't splurge, fly high: Secret of Indigo co-founder's success

IndiGo, which has announced a draft deal to buy 250 Airbus aircraft, has consistently racked up profits as rivals become mired in red ink from cut-throat fare wars. Its co-founder Rahul Bhatia explains his business strategy.

India home to 11th largest population of uber-rich people

India is home to 11th largest population of Ultra High Net Worth Individuals, but also figures among countries with "very high wealth inequality" with a large number of its residents being in the lower wealth strata, says a new report.

IndiGo, GoAir to operate more flights this winter than others

In contrast to all competitors, no-frill airlines IndiGo, which today placed the largest order for 250 Airbus A-320 planes, and GoAir would operate more flights this winter season, while the rest would slash their services.

Toyota to recall 1.75 million vehicles globally

Toyota said on Wednesday it is recalling 1.75 million vehicles globally over glitches that posed a fire risk or threatened to 'degrade' brake performance, the latest in a string of call backs by the world's biggest automaker.

IndiGo's Diwali splurge: Company to buy 250 Airbus A320neo aircraft

IndiGo has agreed to buy 250 single-aisle A320neo aircraft from Airbus SA, the companies said on Wednesday, potentially marking the largest number of jets ever sold by the European planemaker in a single order.

US announces trade action against India

The United State Trade Representative’s office on Tuesday announced an out-of-cycle review (OCR) of India’s trade practices, as it had said earlier in the year it would.

DLF an example of why realty sector needs a watchdog

Stock market regulator Sebi’s crackdown on India’s biggest real estate company, DLF, is a clear indicator that the sector is in urgent need of a cleansing of the Augean stables, market experts said on Tuesday.

India may soften stand to get WTO talks going

India is likely to show some flexibility to get stalled talks at the World Trade Organization moving amid indications that it may not press for protection of welfare schemes that the government may launch in the future.

Rupee falls 31 paise against US dollar to one-week low

Tracking equity markets, the Indian rupee on Tuesday wiped out initial gains and ended 31 paise down at a one-week low of 61.41 against the greenback on fresh dollar demand from banks and importers.

Sensex reverses early gains to end 35 points down

The benchmark Sensex on Tuesday washed out initial gains and ended nearly 35 points down at 26,349.33 on selling in realty, IT, consumer durable shares amid investors adopting caution ahead of key state elections.

WPI inflation hits 5-year low of 2.38% on cheaper food prices

India’s wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the RBI will cut interest rates soon.

Flipkart under ED lens over FDI violations

Enforcement Directorate may soon impose a penalty on e-commerce major Flipkart after it conducted a probe on the company’s trade practices. The extent of penalty is yet to be ascertained while some speculate it would be to the tune of Rs. 1000 crore.

India loses WTO dispute over bird flu curbs on US poultry

The World Trade Organization on Tuesday handed India a major setback ruling against its ban on US poultry products, calling it 'inconsistent' with international norms and lacking scientific basis.
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