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HindustanTimes Sat,01 Nov 2014

Business

Rupee weakens in line with Asia as Fed seen hawkish

The rupee hit a two-week low on Thursday, falling for a third consecutive session as the dollar got a boost after the US Federal Reserve struck a more hawkish tone than expected at its policy meeting.

Sensex extends rally; Nifty regains 8,100-mark in early trade

Continuing its winning streak for the third straight session, the benchmark BSE Sensex rose over 48 points and the NSE Nifty regained the 8,100-mark in early trade on Thursday on sustained buying in bluechip stocks amid a mixed trend in Asian markets.

Samsung's Q3 profit plunges to near three-year low

Samsung reported its smallest quarterly profit in nearly three years Thursday as its key smartphone business faltered under competition from Apple's iPhone6 and Chinese handset makers in an increasingly saturated market.

Sensex, Nifty log new highs on eco reforms

Indian markets on Thursday cheered Modi government's move to ease FDI rules in construction sector and the Federal Reserve sticking to its stance of low US interest rates with benchmark Sensex surging about 248 points to end at new peak of 27,346.33, extending gains for the third day.

Maruti Suzuki net profit up 29%, beats estimates

India's biggest carmaker Maruti Suzuki India Ltd beat analyst estimates with a roughly 29% rise in its quarterly net profit, helped by higher car sales and a positive foreign exchange impact.

Govt cuts costs: No first-class travel for babus

With an aim to restrict fiscal deficit to 4.1% of GDP in 2014-15, the Centre has barred officials from holding meetings in 5-star hotels and put a freeze on hirings and filling up posts lying vacant for over one year.

Black money list: 10 developments since Modi govt took charge

Are you updated on the black money list? Have you faced difficulty in understanding the case history? Or, have you missed the action in SC altogether? Don't worry. HT presents a ready reckoner.

Black money: SIT says whoever looted India will be punished

The Supreme Court-appointed SIT, looking into the black money cases, on Thursday said it will go after the offenders 'big or small' but made it clear that confidentiality about account holders abroad will not be violated.

Gold prices plunge by Rs. 400 on global cues

Gold prices tumbled by Rs. 400 to trade at nearly one-month low of Rs. 27,100 per 10 grams in the national capital on Thursday on emergence of selling by stockists amid a weak global trend.

Airtel Q2 Net shoots up nearly three-fold to Rs. 1,383 crore

Bharti Airtel, country's largest mobile operator, on Thursday reported nearly three-fold jump in consolidated net profit to Rs. 1,383 crore for the September quarter led by growth in mobile data revenues.

SEBI moves SC against Sahara for non-payment of investors' money

Market regulator SEBI on Thursday moved the Supreme Court seeking its direction to Sahara group to give a time schedule for payment of Rs. 47,000 crore to it as directed by the court.

Fifty one countries sign agreement to tackle black money

Fifty-one countries and jurisdictions signed a treaty in Berlin Wednesday to start automatic information exchange by 2017 or 2018 onwards. Aiming to access information about offshore holdings of its citizens more easily, these countries came together in what is being seen as a first step in an important global effort for increased transparency.

E-commerce 'euphoria' to last 18 months only: Biyani

The 'euphoria' over the scorching pace of eCommerce market in India will last about 18 months as things begin to settle down and "reality" sets in, Future Group chief Kishore Biyani on Thursday said.

I-T may train guns on cos that lag sector

Companies reporting lesser earnings despite their respective sectors registering healthy growth will now come under the scanner of the income tax department. 

Air ticket flash sales under aviation min scanner

The repeated flash sales announced by Indian domestic carriers have caught the aviation ministry’s notice. The ministry, sources said, has decided to look into whether the flash sales amount to “predatory pricing” by certain airlines.
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