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HindustanTimes Wed,23 Jul 2014

Business

Reliance Jio finalises vendors, partners for 4G launch

Reliance Industries on Saturday said its telecom arm Reliance Jio Infocomm has finalised key vendors and suppliers required for launch of its telecom services.

Nikesh Arora quits Google, set to join Softbank soon

Google reported on Thursday that its quarterly profit rose with a jump in revenue and released word that its chief business officer Nikesh Arora was leaving the company.

RInfra Q1 net profit rises over 10 pc to Rs. 457.62 crore

Reliance Infrastructure, part of the Anil Ambani-led Reliance Group, has posted over 10% rise in its first quarter net profit at Rs. 457.62 crore after sub-contracting charges dropped significantly.

Jaitley reaffirms roadmap for economic recovery

Finance minister Arun Jaitley on Friday reasserted the Narendra Modi government’s blueprint for putting the stagnant economy back on the growth trajectory — keeping taxes low, rationalising subsidies, boosting the infrastructure and housing sectors and bring "civility in the tax regime".

Two planes grounded as AI’s Dreamliner nightmare continues

The unending glitches plaguing national carrier Air India’s (AI) brand new 787 Dreamliners are sending the airline’s operations into a spin.

India slides to 76th spot in the ranking of global innovators

India's position among global innovators fell by 10 places to 76th spot in this year's Global Innovation Index, the annual ranking co-published by Cornell University INSEAD and World Intellectual Property Organisation, a UN agency.

CAG blasts govt’s petro pricing formula

Strongly critical of the major petroleum products pricing policy pursued by the government, the Comptroller Auditor General has said the methodology adopted affords an undue benefit to state-owned refineries and private refiners.

Wipro wins 10-year, $1.2 bn deal

Information technology services major Wipro will acquire the IT business of Canadian corporation ATCO for $195 million (Rs 1,176 crore). The deal  comes bundled with a 10-year outsourcing contract of $1.12 billion (Rs 6,576 crore).

Rupee falls to 1-month low vs USD, down 10 paise at 60.28

Though increased demand for the US currency from importers and rising global crude prices put pressure on the rupee but dollar's weakness against other currencies overseas capped the losses.

Sensex surges 174 points in early trade on corporate earnings

The benchmark BSE Sensex rose almost 174 points in early trade on Monday on sustained buying by foreign funds and retail investors after Reliance Industries reported encouraging earnings.

Rupee recovers 10 paise against dollar in early trade

The rupee recovered by 10 paise to 60.18 against the US dollar in early trade on Monday at the Interbank Foreign Exchange market on selling of the American currency by exporters amid increased capital inflows.

Wall Street drops on news of downed Malaysian plane MH17

US stocks dropped on Thursday to hit session lows on news that a Malaysian passenger jetliner had been downed in Ukraine, fresh on the heels of new US and European Union sanctions on Russia.

Memo from Microsoft exec Elop announcing job cuts

Microsoft executive vice-president Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans. Microsoft said it would cut up to 18,000 jobs over the next year. Elop was Nokia's CEO before the acquisition. Here's his memo.

RBI issues draft norms for small banks, payment banks

The Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.

Microsoft to slash 18,000 jobs, mostly from newly acquired Nokia

Microsoft on Thursday announced it will cut up to 18,000 jobs over the next 12 months, a majority of them from its newly acquired Nokia Devices and Services unit.

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