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HindustanTimes Thu,21 Aug 2014

Business

Steve Ballmer to log out fully from Microsoft, focus on NBA team

Former Microsoft CEO Steve Ballmer is stepping down from the company's board. Microsoft Corp published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

Sensex, Nifty retreat from highs as markets log 1st drop in 7 days

In its first drop in seven days, the benchmark Sensex today retreated from record highs and ended 106 points down at 26,314.29 as investors booked gains in oil and gas, FMCG and capital goods scrips amid mixed global cues.

Clarification - Sultan of Brunei denies involvement in purchase of Sahara hotels

Responding to the article 'Sultan of Brunei offers $2bn for 3 Sahara hotels', the Sultan of Brunei's representatives have denied his involvement in the purchase of the Grosvenor House in London or the Plaza and Dream Downtown hotels in New York.

Rupee down 15 paise against dollar in early trade

Snapping its two-day rising streak, the rupee fell by 15 paise to 60.82 against the US currency in early trade at the Interbank Foreign Exchange market on Wednesday due to the dollar's gain against other units overseas.

Steve Ballmer steps down from Microsoft board

Ballmer made his decision public a month after his successor, Satya Nadella, announced unprecedented job cuts at the US technology firm as it worked to adapt to a 'mobile first, cloud first' world.

Loss on diesel sale rises to Rs. 1.78/ltr, price decontrol to be delayed

Rising global crude oil prices and fall in the value of the rupee against the US dollar may once again delay the government’s plans to deregulate diesel prices by the middle of 2014-15.

Google, Tata, Godrej, GE woo former women staff

Sabbaticals were once viewed as taboo for working women, and reduced their chances of getting back into the maninstream. But companies such as Google India, GE and Godrej Group are among those that are re-hiring female executives.

Disclose company board decisions within 15 minutes: Sebi

Market regulator Sebi has proposed that all listed companies should intimate within 15 minutes of closure of the board meetings about decisions on dividends, bonus, fund-raising and buyback, among others.

Samsung buys US air conditioner firm Quietside in 'smart home' push

It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a U.S.-based platform developer which builds apps that allow users to monitor, control and automate devices at home.

Gold remains weak on sluggish demand, global cues

Extending declines for the fourth day, gold prices on Tuesday fell by another Rs. 50 to close at Rs. 28,550 per ten gram at the bullion market in the national capital due to subdued demand from jewellers amid a weak trend overseas on easing geo-political tensions.

TCS subsidiary gets multi-million pound deal from Friends Life Management

Tata Consultancy Services said its subsidiary Diligenta had signed a multi-million pound deal with financial services company Friends Life Management Services Ltd for its international operations.

Google buys travel guide app startup Jetpac

Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram.

Auto scrips fuel Sensex, Nifty to new peaks, markets up for 6th day

Markets surged for the sixth session in a row on Tuesday with benchmark Sensex rising 30 points to a new closing peak of 26,420.67 and the Nifty gaining 23 points to end at a record 7,897.50.

Rupee gains slightly on bunched up dollar inflows

The rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers.

TCS to donate Rs. 100 cr to build toilets in 10,000 schools

Largest software exporter TCS on Tuesday announced a Rs. 100-crore donation for sanitation facilities for girl students in 10,000 schools across the country.
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