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HindustanTimes Fri,01 Aug 2014

Business

At Rs. 10 crore, Indian CEOs earn just a tenth of US peers

Indian CEOs earn only one-tenth of the salaries raked in by their counterparts in the US and significantly lower compared to those in the UK and Germany.

Govt moves to ease coal starvation for power companies

The government has put in place a roadmap that ensures coal supplies for the next two years for the already commissioned and stranded plants as well as those that would be commissioned by March, 2015.

Australia approves Adani group’s $16-billion Queensland coal project

The Australian government on Monday approved Gautam Adani-led Adani Mining Pty Ltd’s controversial A$16.5 billion ($15.5 billion) Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater.

Rupee flat; importers buy dollars, shares fall

The rupee is trading at 60.0950/1000 versus previous close of 60.1025/1125. The Nifty is down 0.67 percent after hitting its lowest since July 22.

Sensex down 135 points at one-week low on profit-taking

The benchmark Sensex on Monday fell for second straight day and ended 135.52 points down at a one-week low of 25,991.23 as investors booked profits in metal, oil and gas and realty shares after the recent rally.

India's FII debt limit hike credit-positive: Moody's

India's measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country's credit profile since it will help stabilise domestic interest and currency rates, Moody's Investors Service said on monday.

Hindustan Unilever Ltd Q1 net up 3.68% at Rs. 1,056.85 crore

FMCG major Hindustan Unilever Ltd on Monday reported 3.68% increase in standalone net profit at Rs. 1,056.85 crore for the first quarter ended June 30, 2014-15.

SpiceJet told to refund all passengers for flight delay

Aviation regulator, the Directorate General of Civil Aviation (DGCA), has ordered no-frills carrier SpiceJet to refund fares of all passengers on a Mumbai-Delhi flight that was delayed by nearly five hours last month.

Ethanol-blended petrol to cut import bill by Rs. 18K crore

Sources said PM Narendra Modi, at a recent meeting, asked cabinet secretary Ajit Seth to meet petroleum ministry and food department officials to expedite the process of ethanol blending with petrol.

Tata Group shedding non-coreassets to cut debt, raise funds

The diversified Tata Group, which has been on an expansion and acquisition drive over the past decade, seems to have embarked on a strategy of selling non-core assets to streamline operations under chairman Cyrus Mistry. 

Bullish Amazon to add five warehouses in India

Global e-commerce giant Amazon’s India unit will open five new warehouses in the country, almost doubling its storage capacity to half a million square feet

Vishal Sikka-led Infosys looks to hire big to boost data processing

When Vishal Sikka takes over as CEO of Infosys later this week, he would be looking to his erstwhile employer SAP to revive the fortunes of his new charge.

NPPA to launch online database for drug cos

To crack the whip on drug companies National Pharmaceutical Pricing Authority (NPPA) is set to launch an online database that will help to track fraudulent activities such as overcharging, drug shortages, and evasion of drug pricing control order among others.

AirAsia aligns its global and Indian operations

AirAsia India has aligned its domestic and global network by launching operations to cities in south India,  a move that should ensure a steady footfall of NRI’s and tourists.

Govt forewarns telecom operators on data theft

The new telecom secretary Rakesh Garg has asked telecom operators to be prepared to counter all kinds of attacks on their networks amid growing concerns over data theft by cyber thieves and cyber attacks on Indian websites and mobile phones.

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