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HindustanTimes Fri,21 Nov 2014

Business

Not just irritating, call drops are expensive too

Millions of telecom subscribers across the country face call drops problem. 'It’s irritating – and expensive. On average, every mobile user in India makes at least three calls to complete a single conversation,' said Saleem Ahemad, VP, Telecom Users Group.

Boosting infra in India: Rs. 1,000-cr bond issued on London Exchange

Britain has welcomed the International Finance Corporation’s (IFC) announcement that it has issued an bond worth Rs. 1,000 crore, on the London Stock Exchange on Tuesday, whose proceeds will be used to drive infrastructure plans of Prime Minister Narendra Modi.

World's top drugmaker Novartis takes aim at tech

Talent spotters from Novartis AG, charged with bringing new ideas into the organisation, are casting their net beyond biotech into the wider pool of wearable, or even edible, technology.

India to save Rs. 1,200 crore by producing currency paper locally

India will save about Rs. 1,200 crore in foreign exchange annually by sourcing raw materials from cotton-producing states such as Gujarat and producing the currency paper locally.

SpiceJet restructuring ops to fly out of turbulence: Top official

With 30-40 flight cancellations, a pilot exodus and a dip in its fleet-size, SpiceJet is going through rough weather, prompting aviation regulator DGCA this week to ask it to submit a written reply on its position.

Stocks dip after Sensex, Nifty hit lifetime highs

Emergence of profit-booking on Tuesday snapped a two-session upmove as benchmark Sensex, after logging lifetime high of 28,282.85, dipped by nearly 15 points to end at 28,163.29 as investors were seen taking a breather after the record-breaking run.

What's the future of retail? E-commerce challenges old players

Private investors have poured $2.3 billion into India's e-commerce companies like Flipkart so far this year, giving them financial firepower to overwhelm shoppers with bargains and deals that brick-and-mortar retailers can't provide.

Rupee drops for fourth day against US dollar, ends at one-month low of 61.74

Continuing its falling streak for the fourth straight day, the rupee lost another 8 paise to 61.81 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange due to increased demand for the US currency from importers.

Govt wooing global oil giants to invest in India

Petroleum and natural gas minister Dharmendra Pradhan wants to make India a refining and petrochemicals hub and is wooing international energy majors such as Saudi Aramco and Sabic to invest in India’s refining and petrochemicals sector.

HSBC’s Swiss arm charged with serious fiscal fraud

Belgian authorities have charged a Swiss subsidiary of HSBC with serious and organised fiscal fraud, money laundering, criminal organisation and illegal financial intermediary.

Snapdeal’s Bahl on the prowl in Silicon Valley for strategic buys?

Rapidly growing online marketplace Snapdeal, which recently bagged a $627-million investment from Japan’s SoftBank, is considering a buying trip to Silicon Valley.

Air India may scrap first class seats on flights to America

Air India, which offers first-class seats only on its long-haul flights to the US, is having a rethink on whether to retain the first-class at all on its Boeing 777-300 ER aircraft after having opted for a two-class configuration on all other international routes.

Arun Jaitley nudges RBI on rate cut to boost growth

Inflation measured by the WPI has fallen to a five-year low of 1.77% in October. The consumer price index, which tracks prices consumers actually pay at shop counters, too, has fallen to a three-year low of 5.52%.

Skills need novel interventions

In a global economy where technological change is constant, re-skilling is critical. E-tutoring may be of help, but there is also a need for tax breaks to help individuals to evolve with the times.

Japan slips into recession; mixed news for India?

With the US fully tapering its asset purchase programme, emerging countries such as India have been receiving large slices of cheap money that Japan had been injecting into the system to make world’s third-largest economy grow and reverse decades of contraction.
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