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HindustanTimes Mon,22 Sep 2014

Business

Grounded: How these Indian tycoons landed in soup

The debt-laden empires of three of India's best-known tycoons — Vijay Mallya, Subrata Roy and T Venkattram Reddy —  are crumbling before their eyes, downfalls that observers say stem from a climate of weak regulation and deference to conspicuous wealth.

UB Group's Prakash Mirpuri resigns

UB Group vice-president for corporate communications Prakash Mirpuri has resigned after over seven years of association with the Vijay Mallya-led conglomerate, sources said.

Portable PF A/c number to be launched on October 16

Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16.

Alibaba's big debut: Here are the 10 things you want to know

China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history.

Apple faces smartwatch ambush

From fashionable alert machines to Android gear and service-driven fitness trackers, a host of wrist-worn gizmos are ready to take on the expected Apple Watch when it lands in India.

1.5 billion tonnes of coal set to be burnt in Jharkhand, W Bengal

Even as the country is reeling under a power crisis due to shortage of coal, about 1.5 billion tonnes of coal is set to be burnt down in underground fires in Jharia and Raniganj coalfields in Jharkhand and West Bengal, respectively, over the next few years.

India to rank among world’s biggest aviation mkts: British Airways

India is going to be one of the biggest aviation markets in the world and British Airways (BA) wants to be a grab  a chunk of the pie.

Tata group shares gain after Moody's upgrades ratings

Shares of Tata Group firms on Friday rose in the range of 1-12% after Moody's Investors Service upgraded ratings of half a dozen group companies. Among blue-chips, TCS's stock gained 3.31% to Rs. 2,724, while Tata Power climbed 2.27% to Rs. 90 on the BSE in morning trade.

Drugmaker GSK says fined $490 million in China graft probe

A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said.

ONGC invested Rs. 81,890 crore for raising output

India's largest oil and gasproducer ONGC said on Friday it has invested Rs. 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields.

Nepal clears GMR plan for $1.4 billion hydroelectric plant

Nepal's centre-left cabinet on Thursday cleared the way for Indian firm GMR to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said, the Himalayan republic's biggest foreign investment scheme.

RBI tells banks to be careful about Jan Dhan Yojana

The Reserve Bank today warned thebanks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs. 1 lakh insurance cover.

Jet Airways to launch new Mumbai-Dubai flight next month

Jet Airways will enhance connectivity on the lucrative Dubai-India route by launching a fifth daily flight from Mumbai to the Gulf city from next month.

‘MNCs only want to extend what they already have elsewhere’

Rama Bijapurkar is a thought leader on Indian consumer and market strategies. She has been on boards of several companies. In an interview with HT, she shared her thoughts on wide range of issues from consumerism, the opportunities, advertising and reservation for women on boards. Excerpts: 

Larry Ellison steps down as Oracle CEO after 37 years

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.
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