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HindustanTimes Tue,30 Sep 2014

Business

SBI not likely to make aggressive festival offers

A slowdown in credit pick upfrom corporates may prevent country's largest lender State Bank of India from announcing aggressive festive season offers for loan seekers, a top official has said.

DLF under scanner for alleged service tax evasion

Real estate major DLF has comeunder the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs. 30 crore.

BlackBerry cuts loss and sees rising sales; shares jump

BlackBerry Ltd reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a more than 4% jump in its shares.

Sensex, Nifty slump nearly 2% on all-round selling

Cutting their six-session gaining string, both Sensex and Nifty ended down by nearly 464 points and 153 points, respectively as the week saw market swaying on a host of negative factors.

FIIs pump in over Rs. 20,000 crore in September

Overseas investors have poured in a whopping over Rs. 20,000 crore in the Indian capital markets since the beginning of September as influenced by the reform agenda of the new government.

Kingfisher says court stayed United Bank decision against company

Grounded Indian carrier Kingfisher Airlines Ltd has said a court has halted the execution of a decision by state-run United Bank of India that declared the airline and its directors 'wilful defaulters'.

Nalco approves dividend of Rs. 387 crore

The National Aluminium Company Limited, a Navratna public sector unit under Union ministry of mines, has approved a total dividend payout of Rs. 387 crore for 2013-14. Since inception, Nalco has paid a total of Rs. 4906 crore as dividend, including Rs. 4234 crore as share of the central government.

No obstacles to growth in India: Amazon CEO Jeff Bezos

Amazon.com, the world's largest online retailer, sees no hurdles to growth in India despite regulatory problems ranging from tax-based restrictions on selling in Karnataka to curbs on foreign direct investment (FDI) in e-commerce and retail, says its charismatic CEO Jeff Bezos.
Full interview

Our job is to adapt to rules, India no different: Bezos

'You won’t have difficulty finding me in a place,' jokes Jeff Bezos, the 50-year-old founder and CEO of Amazon.com, the world’s biggest online retailer.

S&P upgrades India's credit outlook to 'stable'

Rating agency S&P raised the outlook for India's 'BBB-minus' rating to 'stable' from 'negative,' saying Modi government's strong mandate offered a conducive environment for reforms.

Tata Steel wins Asian CSR Leadership Award

Sukinda Chromite Mine of the Tata Steel in Odisha has bagged the Asian Corporate Social Responsibility Leadership Award for Community Development.

Vedanta's Anil Agarwal pledges 75% of his $3.3bn wealth to charity

With a net worth of $3.3 billion, prominent industrialist Anil Agarwal has pledged 75% of his and his family’s wealth to charity, with a new liberal arts and humanities-focussed university in India among his priorities.

CCI orders fresh probe against Jaiprakash Associates

Competition Commission has ordered a fresh probe against Jaiprakash Associates for alleged unfair business practices in imposing unreasonable conditions on buyers at one of its realty projects.

S&P outlook upgrade positive; more good news in offing: FinMin

Enthused by an outlook upgrade by S&P to India's sovereign rating, the government said this 'good news' has come in the backdrop of significant improvements in macro-economic scenario of the country.

BlackBerry posts $207 million loss

BlackBerry posted a loss of $207 million in the second quarter on Friday just days after the embattled company launched a new phone. The Canadian company said it lost two cents per share on an adjusted basis on revenue of $916 million.
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