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HindustanTimes Thu,02 Oct 2014

Business

Huawei ties up with Flipkart to sell first 4G ‘Honor’ phone online

Huawei, the third-largest maker of smartphones in the world with a market share of 6.7%, on Monday announced an exclusive tie-up with India’s largest e-commerce marketplace Flipkart, to sell its ‘Honor’ range of devices.

Microsoft chief in India, Andhra vs Telangana contest on cards?

Microsoft Corporation chief Satya Nadella’s first trip to India since taking up the top job may trigger a tug of war between the chief ministers of Telangana and Andhra Pradesh, both eyeing investments from the software giant.

India's software technology exports rising 8 to 10% yearly

India's exports from the Software Technology Parks (STP) across India are rising at a pace of 8 to 10% annually and would further increase in the upcoming years as the industry spreads across the country, a senior sector official said.

Microsoft CEO Satya Nadella addresses staff at Hyderabad centre

Hyderabad born chief of the software giant Microsoft Satya Nadella is visiting India for the first time after assuming the top position in February.

Rupee plummets to 7 month low, down 38 paise

The Indian rupee on Monday tanked 38 paise to log nearly 7-month closing low of 61.53 against the Greenback following dollar demand from importers and some weakness in stocks ahead of the RBI policy review.

Sensex falls 29pts ahead of RBI policy; IT shares up on weak Re

The benchmark Sensex on Monday fell about 29 points to end at 26,597.11 on weakness in interest rate sensitive banking and auto shares ahead of RBI's monetary policy review.

Indians warming up to the dark side of chocolate

Bought a bar of dark chocolate? You just contributed to one of the fastest growing segments in the country as Indians turn more health conscious and their tastes mature, the demand for dark chocolate, which has just a 9% market-share currently, is growing by leaps and bounds.

Banks raise red flag over AI’s failure to mobilise funds

In what could spell fresh trouble for Air India (AI), banks have expressed concern to the aviation ministry and the airline management on AI’s failure to raise money through sale of properties worth Rs. 500 crore per year since 2011-12.

Club Mahindra Resorts to add 500 rooms @ Rs. 500 cr

Mahindra Holidays and Resorts, a vacation ownership company part of the Mahindra Group, plans to spend up to Rs. 500 crore over the next 18 months towards capacity expansion.

SBI not likely to make aggressive festival offers

A slowdown in credit pick upfrom corporates may prevent country's largest lender State Bank of India from announcing aggressive festive season offers for loan seekers, a top official has said.

DLF under scanner for alleged service tax evasion

Real estate major DLF has comeunder the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs. 30 crore.

BlackBerry cuts loss and sees rising sales; shares jump

BlackBerry Ltd reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a more than 4% jump in its shares.

Sensex, Nifty slump nearly 2% on all-round selling

Cutting their six-session gaining string, both Sensex and Nifty ended down by nearly 464 points and 153 points, respectively as the week saw market swaying on a host of negative factors.

FIIs pump in over Rs. 20,000 crore in September

Overseas investors have poured in a whopping over Rs. 20,000 crore in the Indian capital markets since the beginning of September as influenced by the reform agenda of the new government.

Kingfisher says court stayed United Bank decision against company

Grounded Indian carrier Kingfisher Airlines Ltd has said a court has halted the execution of a decision by state-run United Bank of India that declared the airline and its directors 'wilful defaulters'.
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