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HindustanTimes Tue,16 Sep 2014

Business

Airbus to maintain Vistara fleet; AirWorks may bag MRO deal

The Tata-Singapore Airlines venture Vistara has outsourced its engineering support services to original equipment maker Airbus and is also negotiating with homegrown AirWorks for maintenance, repair and overhaul (MRO) of its fleet.

IIP growth hits 4-month low of 0.5% in July, inflation dips

India's industrial production grew 0.5% in July - its slowest pace in four months - dragged down by weak mining and consumer and capital goods output, indicating that the slowdown in Asia's third-largest economy could be stickier than thought.

BSE midcaps hit 10K after 6 years, NSE midcaps at new high

The rally in midcap stocks on India's premier bourses hit a new peak on Friday, with the NSE CNX midcap index closing at a record 11,916.3, and the BSE midcap index regaining the 10,000 mark after six years.

High food inflation pinches consumers hard

India's retail inflation grew 7.8% in August, marginally lower than the previous month's 7.96%, latest price data released on Friday showed, but concerns remained over high food inflation.

Govt to roll out Rs. 2 lakh-cr infra projects this year, says Gadkari

The government on Friday said it would implement infrastructure projects worth Rs. 2 lakh crore this year to underline the priority of the sector in the overall economy.

SC rejects request to protect 46 coal blocks from cancellation

The Supreme Court on Friday turned down Sponge Iron Manufacturers Association’s request to consider its proposal to safeguard investments in case the court cancelled allocations of 218 coal blocks, declared illegal by it on August 25.

PSU banks likely to review all debt restructuring cases

Public sector banks are likely to examine all cases of corporate debt restructuring (CDR) in the wake of rising non-performing asset (NPA) levels at different state-run lenders and to ensure that such cases of recast were done for genuine reasons.

Govt proposes regional telecom regulation system for Saarc

The Indian government is likely to propose setting up of a regional regulatory system for the eight SAARC countries to manage the cross border spillage of mobile signals.

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.
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