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HindustanTimes Thu,27 Nov 2014

Business

India can grow at 9%, become $10 tn economy: PwC

India has the potential to achieve 9% growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday.

10 names shortlisted for appointment as CMDs in 8 PSU banks

A high-level search panel headed by Reserve Bank governor Raghuram Rajan has shortlisted 10 executive directors for the post of chairman and managing director (CMD) in eight public sector banks.

Airtel sells mobile towers in Nigeria to ATC for $1.05 bn

Telecom operator Bharti Airtel has sold its 4,800 mobile towers in Nigeria to US based American Towers Company for about $1.05 billion in a move to pare debt.

Nissan giving Indian customers a raw deal with Datsun GO?

It may have received a lot of flak recently for the lack of safety features on it's car Datsun GO, but Japanese car major Nissan is planning to launch a seven-seater version, GO Plus, also without these features, in January.

Adani Power buys Korba plant from Avantha Group

Adani Power on Monday announced entering into a binding agreement with Gautam Thapar-led Avantha Group to buy out the latter’s Korba West Power Company Ltd that has executed a 600 MW power project at Korba in Chhattisgarh.

Missed golden chance with Zest: Tata Motors

Homegrown auto major Tata Motors on Monday said it erred in realising the demand for its sub-4-metre mid-size sedan Zest, adding that it may have missed a golden opportunity in the process.

More Indians to head global cos: top headhunter

Microsoft CEO Satya Nadella, PepsiCo CEO Indira Nooyi, MasterCard president and CEO Ajay Banga and their ilk will have more Indians to give them company at top positions.

SBI set to launch Shariah-compliant mutual fund

The State Bank of India (SBI) will launch a Shariah-compliant mutual fund next month, the first time a state-owned bank will roll out an Islamic financial instrument for the country’s estimated 170-million Muslim population.

Jindal Steel shelves $10 bn project after coal setback

Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court decision to scrap coalfields allocated to private firms since 1993.

Rupee slips 18 paise to 61.94 vs dollar, logs 1st drop in 3 days

Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.

Wanted: SAARC tech hub in Lanka

India’s IT sector faces new challenges. It is clear that quality skills are not easily available any more in India. It is time for Indian IT players to think Sri Lanka —and possibly, the beautiful eastern port city of Trincomalee, writes N Madhavan.

Refinance power loans, ease norms for banks: govt panel

This means that banks would be able to give these projects more time for repayment, increase tenure of loans and categorise these power projects as standard asset rather than as non-performing assets.

Sensex, Nifty rise to new peaks on global stimulus, reform hopes

Continuing their record-breaking run, benchmark Sensex on Monday surged 165 points to 28,500 and Nifty index rose 53 points to end above 8,500 mark on hopes of big-bang reforms in the ongoing winter session and growing expectations of more stimulus measures from China and Europe.

Budget to unveil 'second generation' reforms: Jaitley

The country needs 'a larger opening out in more sectors,' it requires stability of policy and tax regime besides a 'reasonable' cost of capital, finance minister Arun Jaitley said.

Vistara Airlines launch held up due to flying permit delay

Tata-Singapore Airlines promoted full-service carrier Vistara will now be able to start operations only next year due to delay in grant of scheduled Air Operator Permit. The airline had applied to the DGCA for the permit in April and had planned to launch services by September.
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