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HindustanTimes Tue,21 Oct 2014

Business

Apple India runs out of iPhone 6 as nation shops in festive spirit

The first batch of 55,000 iPhone 6 and iPhone 6Plus units shipped to India are sold out. Prospective buyers will now have to wait for a minimum of three days before the stocks are replenished.

Entry-level IT pay may dip this hiring season

 IT companies may hire more freshers from campuses next year than they hired this year. However, salary offers may not be revised, and in some cases it may even come down, compared to previous years.

Diesel prices to be revised every fortnight: IOC

As the government deregulated diesel prices on Saturday, state-owned oil companies said prices will be revised fortnightly, the same as petrol.

Start-up culture finds new wings

It was nice to spend a few hours at Tiecon Delhi last week, in the congregation that helps startups happen in India. Tiecon (Tie Conference) has its roots in The Indus Entrepreneurs (TiE), a US-based network that played on the India-US (Ind-US) expression in the Silicon Valley.

Reform measure GST roll-out likely in April 2016

India’s biggest tax reform initiative — the Goods and Services Tax  — could see a staggered implementation, starting with a nationwide unified tax system for goods from April 2016 and extended to services later.

HCL Tech quarterly profit up 32%, shares fall

HCL Technologies Ltd, India's fourth-largest software services exporter, posted a 32% rise in quarterly net profit, beating estimates, as sales in the Americas, the company's biggest market, rose.

Sensex rebounds 71 points in early trade on global cues

After two sessions of losses, the benchmark BSE Sensex recovered by over 71 points to regain the 26,000-mark in early trade on Friday on emergence of buying by funds and retail investors.

Rupee up 19 paise against US dollar in early trade

The rupee recovered from a seven-month low by appreciating 19 paise to 61.64 against the US dollar in early trade on Friday on selling of the American currency by exporters and banks.

Arvind Subramanian appointed India's new CEA

Subramanian, Senior Fellow at Peterson Institute for International Economics, has been appointed as India’s new chief economic adviser, the government said on Thursday. Subramanian: India's man in DC

Arvind Subramanian: India's man in DC

Subramanian, a familiar figure on DC think-tank circuit, became a sounding board for other commissioners at the hearing  by the US International Trade Commission, as they turned to him repeatedly for clarifications.

TCS reports 13% net rise, merges CMC with itself

India’s largest IT services company, Tata Consultancy Service (TCS), on Thursday reported a 13.2% year-on-year rise in net profit to Rs. 5,244 crore during the second quarter on robust deal flow and high utilisation. Revnue rose 13.5% to Rs. 23,816 crore.

iPhone junkies queue up for Apple’s midnight launch

Sukh Raj Singh, a young entrepreneur in Delhi, has been promised by the authorised Apple reseller at Ambience Mall in the Capital’s Vasant Kunj area, that he will be among the first to get his iPhone6, within five minutes of the clock striking 00:00 hrs on Thursday night.

Hero MotoCorp profit rises 59% to Rs. 763 crore on robust sales

India’s largest two-wheeler maker, Hero MotoCorp, on Thursday reported a 58.62% year-on-year jump in its net profit to Rs. 763 crore for the second quarter ended September on the back of a near 20% growth in sales.

Subramanian an excellent choice as CEA: Chidambaram

Chief economic adviser Arvind Subramanian is pro-growth and pro-reform, Former Finance Minister P Chidambaram today said, while terming the choice as "excellent".

DLF shares bounce back after hitting fresh record low

In a tumultuous opening trade after being battered by nearly 30% in last trading session on the back of a Sebi order, the stock on Thursday opened near its day's low level at Rs. 100.10 and further slipped to Rs. 100.
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