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HindustanTimes Sat,30 Aug 2014

Business

Don’t want Dadri land, Reliance Power tells Supreme Court

RPL had proposed a mega gas-based power project in Dadri. However, as gas was not made available for the project, the company has decided to give back the land to the state government.

Cellphones to aid fin inclusion programme

The Jan Dhan Scheme, launched by Prime Minister Narendra Modi on Thursday, will use nearly 900 million cellphone connections in India to spread banking services across the country, especially in rural areas.

Debt trap: Rs. 4.5 lakh cr worth of power projects on the block

With debt stuck projects languishing for want of fuel and timely clearances, India is currently saddled with a power capacity of 80,000 to 85,000 megawatt (involving an investment of over Rs. 4.5 lakh crore) that has been put on the block by developers.

Reform of industrial disputes act recommended in report

A report by the Centre for Public Affairs and Critical Theory, Shiv Nadar University says that an amended industrial disputes act should not assume a confrontational relationship between workers and management.

Gold up for third day on softer dollar, geopolitical tension

Gold rose for the third straight day on Thursday as euro regained strength against the US dollar and tensions between Ukraine and Russia burnished the metal's safe haven appeal.

IBM launches Watson system for research, hopes for breakthroughs

IBM Corp on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that IBM said should hasten breakthroughs in science and medical research.

Rupee recovers 7 paise against dollar in early trade

The rupee recovered by 7 paise to trade at 60.38 against the US dollar in early trade on selling of the American currency by banks and exporters amid sustained foreign capital inflows on Thursday.

Dream run: Capital inflows fuel Sensex, Nifty to record highs

Indian markets continued their dreamrun on the back of capital inflows with the Sensex on  Thursday gaining for the sixth day as it rose 78 points to end at new closing peak of 26,638.11, wrapping up the seventh straight month of gains in August.

Qantas Airways posts $2.6 billion loss for year

Qantas Airways Ltd on Thursday posted a record 2.8 billion Australian dollar ($2.6 billion) loss, reflecting a profit-draining battle with its smaller rival Virgin Australia and aircraft write downs.

A true leader thinks, acts and inspires, says the father of mountain biking

Gary Fisher, 64, a global icon, is called the father of mountain cycling. An American entrepreneur who designs and makes bicycles, Fisher discovered mountain biking as a young man, when he was suspended from a national bicycle race in the US on account of his long hair.

Not flying high: Air India faces maximum passenger complaints

Air India tops the list of passenger complaints lodged against Indian airlines in July this year, followed by no-frill carrier SpiceJet, official data shows. Most air travellers, who have lodged complaints against the airlines, complained of problems relating to delayed flights and their customer services.

Jaitley orders forensic audit of UCO Bank

Shares of Kolkata-based lender UCO Bank on Wednesday fell 8% on the Bombay Stock Exchange and the National Stock Exchange, a day after the finance ministry ordered limited forensic audit into some of its non-performing accounts.

Govt launches ‘.bharat’ domain name for eight Indian languages

With an aim to bridge the digital divide and enhance the reach of Internet to remote villages, communications and IT minister Ravi Shankar Prasad on Wednesday launched domain name ‘.bharat’, covering eight languages including Hindi, Konkani and Marathi.

For AI pilots, the grass is greener on this side

A number of AI pilots, who had submitted resignations in the last few months, have withdrawn them despite deferred salary payments and pending pay cuts. The AI management had unilaterally imposed a pay cut of 25% last year.

Provide KFA reasons for default notice: HC to PNB

The Delhi High Court on Wednesday said that Punjab National Bank, which has served a notice on Kingfisher Airlines alleging that it has willfully defaulted repayment of dues of over Rs. 770 crore, should give to the carrier copies of documents relied upon by the bank.
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