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HindustanTimes Wed,24 Sep 2014

Business

FinMin to take stock of Jan Dhan Yojana, send progress report to PM

The finance ministry will soon initiate a survey to assess the efficacy of the Pradhan Mantri Jan Dhan Yojana (PMJDY) and analyse how many accounts have been opened. The report will be sent to Prime Minister Narendra Modi.

Maruti's hold on best selling car models in India continues

Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto, heading the top ten best sellers list in April-August period this fiscal.

FinMin in a quandary over Dabhol project

The government’s diktat to public sector banks to rein in their non-performing assets (NPAs) has brought the focus sharply back on the Ratnagiri power project in Maharashtra (the erstwhile Dabhol plant).

G20 to add $2 trillion to global GDP, track black money worldwide

G20 decided to put in place a mechanism for automatic exchange of tax information between various countries by 2017, a development which will help India in dealing with the menace of black money stashed abroad.

School toilet blitz spells windfall for state-run Hindustan Prefab

When Prime Minister Narendra Modi urged companies to participate in constructing toilets across the country, it signalled a windfall for a little-known public sector company, Hindustan Prefab Ltd.

Wal-Mart e-commerce push to go pan-India

Wal-Mart will roll out the online e-commerce platform to members of its Best Price Modern Wholesale stores in Guntur and Vijaywada beginning October 1, and eventually extend e-commerce operations to all existing stores and maybe even to new stores.

BPM seeks out smaller towns to fuel growth

India’s business process management (BPM) industry may see a geographic shift in favour of non-metro or Tier-2 cities and small towns, which hitherto never figured in their location planning.

Sensex gains 116 points; consumer durables stocks rise

The benchmark BSE Sensex dipped below the 27000-level by falling over 166 points in early trade on Monday as funds and retail investors engaged in reducing positions amid a weak trend on other Asian bourses.

Rupee ends a paisa down at 60.82 vs dollar in lacklustre trade

In lacklustre trade, the Indian rupee on Monday closed one paisa down at 60.82 against the US dollar on alternate bouts of demand and supply, snapping a four-day rising trend.

Alibaba boost for Indian e-commerce

When Alibaba.com raised $21.8 billion in the biggest ever initial share sale on Friday, the Chinese internet company made a strong case for its emerging market counterparts, convincing investors globally that the next set of large e-commerce companies will come from markets outside the US.

Airlines oppose govt policy on connectivity to remote areas

Airlines and private charter operators have opposed the government's draft policy on air connectivity to regional and remote areas, saying it will have severe impact on their financial strength.

Bajaj Finance housing arm to give Rs. 2,000 cr home loans in FY16

Non-banking financial services player Bajaj Finance, which is gearing to launch a dedicated housing finance subsidiary next fiscal, aims to disburse up to Rs. 2,000 crore in home loans to the affluent class in FY16, a top official said.

Eight Indians in Fortune list of 25 powerful Asia-Pacific women

As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women 'shaping the new world order' in the Asia-Pacific region.

Walmart to extend online wholesale platform reach from Oct 1

Walmart India said on Saturday it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1.

Alibaba's Ma rides 'Forrest Gump' story to riches

Ma said the lesson he learned from the blockbuster featuring Tom Hanks was 'that no matter whatever changed, you are you. I'm still the guy I was 15 years ago (when I earned) $20 a month.'

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