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HindustanTimes Fri,22 Aug 2014

Business

Sensex rebounds 46 points as banking, consumer durables stocks rise

The benchmark Sensex on recovered about 46 points to end near record highs powered by gains in bluechips, led by banking, consumer durables and auto stocks, on buying by foreign funds and a drop in global oil prices.

RBI issues guidelines for NBFCs on lending against shares

With an aim to curb volatility in capital market, the Reserve Bank on Thursday asked NBFCs to maintain a loan-to-value (LTV) ratio of 50% in case of lending against collateral of shares.

Singapore's Changi out of race for GVK airports stake: Official

Singapore's Changi Airports International is now out of the race to pick up stake in GVK's airports business due to regulatory issues.

Oil ministry wants revenue sharing for future oil contracts

Seeking to revive interest in oil and gas exploration by simplifying rules, the oil ministry is looking at replacing the controversial Production Sharing Contracts with simpler revenue-sharing regime.

5 Indian firms among Forbes' most innovative companies

Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to 'generate big, new growth ideas'.

Activa pips Splendor to July best-seller spot

With automatic scooters getting back in vogue, scooter market leader Honda Activa surged ahead of long time market leader Hero Splendor to emerge as the largest selling two-wheeler in the country in July 2014.

Giant set to bring Rs10.6-lakh cycle to India

Top bike maker Giant is set to bring the world’s fastest bicycle, Propel Advanced SL 0, to India at a sticker price that will put a Harley Davidson to shame — Rs10.6 lakh.

NTPC set to quit hydel power, NHPC thermal

India’s largest thermal power company, NTPC Ltd, is exiting its non-core assets comprising of 1,611 mega watt (MW) of hydel power projects to public sector units including National Hydroelectric Power Corp (NHPC) and others that possess core competence of executing hydro power projects.

HT far ahead of rivals, confirms fresh audit

This puts at rest, once and for all, the debate over the past six months wherein some readership figures had witnessed a dip compared to past surveys, thereby prompting some publishers to raise questions about IRS’ accuracy.

Syndicate Bank case: 2 bail pleas rejected

A Delhi court on Thursday dismissed the bail pleas of chairman and managing director of Prakash Industries Ltd and its director who, along with others, were arrested in the Syndicate Bank bribery case.

Cabinet clears major infra, Digital India projects

The Union cabinet on Wednesday approved three major infrastructure projects that aim to connect people faster. The ambitious Digital India project that would bring high-speed internet connectivity to far-flung rural areas was also cleared.

Steve Ballmer to log out fully from Microsoft, focus on NBA team

Former Microsoft CEO Steve Ballmer is stepping down from the company's board. Microsoft Corp published Ballmer's resignation letter on its website Tuesday along with a response from current CEO Satya Nadella thanking him and wishing him well.

Sensex, Nifty retreat from highs as markets log 1st drop in 7 days

In its first drop in seven days, the benchmark Sensex today retreated from record highs and ended 106 points down at 26,314.29 as investors booked gains in oil and gas, FMCG and capital goods scrips amid mixed global cues.

Clarification - Sultan of Brunei denies involvement in purchase of Sahara hotels

Responding to the article 'Sultan of Brunei offers $2bn for 3 Sahara hotels', the Sultan of Brunei's representatives have denied his involvement in the purchase of the Grosvenor House in London or the Plaza and Dream Downtown hotels in New York.

Rupee down 15 paise against dollar in early trade

Snapping its two-day rising streak, the rupee fell by 15 paise to 60.82 against the US currency in early trade at the Interbank Foreign Exchange market on Wednesday due to the dollar's gain against other units overseas.
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