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HindustanTimes Wed,17 Sep 2014

Business

India stands ground on food security at global finance ministers' conclave

India stood its ground and drew a hard bargain at a global finance ministers' conclave, successfully convincing other countries on why New Delhi chose to block the so-called Trade Facilitation Agreement (TFA) if it did not come bundled with a roadmap on food subsidies.

Investment climate in India must improve: Honda

Prime Minister Narendra Modi may have exhorted global manufacturers to set up factories in India, but Japanese car major Honda Motor Corp on Friday launched a scathing criticism of the country’s investment climate and said there was need for massive improvement.

Buying a new car? Choose the right loan

Consumer ‘sentiment’ has improved and to tap into this opportunity, car makers are ready with several new launches coupled with attractive deals. But which would be a better choice? We help you decide.

Sensex reclaims 27,000 mark, Nifty above 8,100

Markets on Friday snapped a three-day losing run with Sensex rising 65 points to reclaim 27,000-mark and Nifty gaining 20 points to end above 8,100-level on buying in select bluechips ahead of IIP and retail inflation data.

Rupee surges 28 paise to end at 60.65 against US dollar

The Indian rupee on Friday gained 28paise, notching up its best daily gain in a month, to end strong at 60.65 against the greenback on heavy dollar selling by banks and exporters amid positive cues from equity markets.

India's love affair with gold may be over as prices slide

A one-quarter drop in local gold prices over the past year has shaken the confidence of Indians in the precious metal as a store of value and dented demand in the world's second-biggest buyer.

Now, General Motors head Mary Barra calls on Modi

Mary Barra, the first woman to head US car major General Motors, on Thursday met Narendra Modi, joining the league of global CEOs such as Mitsubishi Corp’s Ken Kobayashi who has met the PM.

Sebi raps BSE on NMDC share sale; wants review

Market regulator Securities and Exchange Board of India (Sebi), on Thursday, censured the Bombay Stock Exchange  (BSE) for lapses during the share of sale of public sector company, National Mining Development Corporation (NMDC), two years ago.

Decide on mine licences in 28 months: SC to govt

The SC has fixed a 28-month deadline for the Centre and states to decide on applications seeking environmental clearance for renewal of mining leases, an order that would end bureaucratic red-tapism faced by companies that want continuation of their leases.

Clean power can bring $100 bn in 4 yrs: Goyal

Union power minister Piyush Goyal on Thursday said that India’s renewable energy sector will be able to attract investments worth $100 billion ( Rs. 6 lakh crore) over the next 3-4 years and assured government support to domestic solar equipment makers.

Waiting for govt to walk the talk: MNCs

The world’s second-largest telecom firm Vodafone, which has been facing taxation issues in India, said it was difficult for multinationals to do business in the country because of slow government clearances.

GST set to be rolled out by April 2016

India’s biggest tax reform initiative — Goods and Services Tax — has entered the final leg of implementation with the government planning to announce a roadmap to roll out the new indirect tax regime by April 2016.

Sun Pharma shares dip on surprise audit by FDA at Halol plant

Shares of Sun Pharmaceutical Industries on Thursday fell by over 4% amid reports that its Halol manufacturing plant in Gujarat has been subjected to surprise inspection by the American drug regulator United States Food and Drug Administration (USFDA).

Difficult to do business in India, says Vodafone

World's second largest telecomfirm Vodafone, which is facing taxation issues in India, on Thursday said it is difficult for foreign companies to do business in the country because of slower government clearances.

Titan commissions new plant in Tamil Nadu

Tata group firm Titan Company on Thursday said it has commissioned a new manufacturing plant in Tamil Nadu for its watch division with an investment of over Rs. 75 crore.
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