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HindustanTimes Fri,25 Apr 2014

Business

GM seeks US court protection against ignition lawsuits

General Motors Co filed a motion in a US court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.

Rupee at 61-level again as FII inflows slow down

The rupee on Wednesday depreciated by 31 paise to finish at one-month low at 61.07 against the dollar on sustained dollar demand from banks and importers.

Markets hit all-time high levels, profit-booking likely now

Continuing its record breaking performance, the Sensex on day spurted by over 118 points to end the day at all-time closing high of 22,876.54 on select buying in blue-chip stocks like L&T, HDFC Bank and BHEL amid persistent capital inflows.

Novartis, GSK, Eli Lilly in $27-bn three-way deal

British pharma giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.

HCL pips Wipro, Infy with wider base, Europe edge

HCL Technologies, once a laggard among India’s IT leaders, has been nosing ahead of bigger rivals Infosys and Wipro quarter after quarter, and its secret sauce is diversification.

Goa mines return to new ground reality

Now that the Supreme Court has lifted a 19-month-old ban on mining in Goa, HT looks at the nitty gritty of the order, and how soon can the state start shipping out iron ore. Goa mining won’t start just yet

India businesses unlikely to be affected immediately

While Novartis AG, GlaxoSmithKline and Eli Lilly are unclear about the long-term impact of deal on their India businesses, there is unlikely to be any direct or immediate impact.

2G case: Court to record statements from May 5

A Delhi court on Monday fixed May 5 for commencement of recording of statements of former Telecom Minister A Raja, DMK MP Kanimozhi and 15 others facing trial in the 2G spectrum allocation case.

TCS forms pathbreaking IT venture with Mitsubishi

Tata Consultancy Services (TCS) and Mitsubishi Corp on Monday announced a joint venture that could be a trendsetter for Indian companies in addressing a huge Japanese market that has been by and large not tapped by the nation’s IT industry.

HUL, Britannia, Marico  forced to hike prices

FMCG seem to have hit a speed breaker as consumers keep a check on spending amid the economic slowdown and high prices. With cost of raw materials rising sharply, FMCG companies are likely to report lower sales in this quarter.

Leela to sell Delhi, Chennai hotels for Rs. 1,900 crore

Hotel Leelaventure Ltd is looking to sell its properties in Delhi and Chennai to sovereign wealth funds of Abu Dhabi and Qatar for about Rs. 1,900 crore, a move that would help the group bring down its debt.

Rupee near one-month low tracking broad dollar gains

The rupee is trading at 60.68/69 after hitting 60.71, its lowest since March 24. The pair closed at 60.59/60 on Monday, posting its biggest single-day gain in more than a month.

Sensex hits record high; BHEL jumps

The BSE Sensex gains 0.1% and the Nifty is up 0.04% after earlier touching a record high for the second consecutive session.

Case against Twitter alleging fraud dismissed

Twitter Inc has won the dismissal of an unusual lawsuit accusing the social media company of fraudulently arranging a private stock sale it never intended to complete, with a goal of stoking interest in its November 2013 initial public offering.

GSK, Novartis unveil major billion-dollar drug deal

British pharmaceutical giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.nt GlaxoSmithKline is to sell its oncology business to peer Novartis for $16 billion and to buy the Swiss company's vaccines division, GSK announced on Tuesday.
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