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HindustanTimes Wed,27 Aug 2014

Business

Jaitley hopeful of Parliament nod on Insurance Bill by year-end

Finance minister Arun Jaitley expressed hope on Tuesday that long-pending Insurance Bill seeking to hike FDI cap to 49% will be passed by Parliament by the end of this year.

SBI cuts home loan rate by up to 0.15%

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15% on housing loan, a move likely to be followed by other lenders.

Payment default case: Kingfisher moves HC against PNB notice

Kingfisher Airlines moved the Delhi high court on Tuesday against Punjab National Bank's notice alleging the carrier has wilfully defaulted in payment of outstanding dues of over Rs. 770 crore.

Coalgate: Cancellation order may put Rs. 2 lakh-crore projects at stake

India’s top companies in key intermediate industries — power, steel and cement — are keeping their fingers crossed fearing cancellation of coal mines allotted to them years back. And the potential investments that may get affected could run into Rs. 2 lakh crore.

Rupee logs 4-week closing high of 60.43 vs dollar, up 13 paise

The Indian rupee on Tuesday appreciatedby 13 paise to end at nearly four-week high of 60.43 against the American currency following fresh dollar selling by exporters and sustained investments by foreign funds.

Rebound in metal, auto stocks helps Sensex end at new peak

The Sensex on Tuesday erased initial losses and closed at a new closing peak of 26,442.81, extending gains for the fourth straight session, on recovery in select metal and auto scrips combined with buying in defensive sectors.

CCI imposes Rs. 2,545 crore penalty on 14 car makers

Competition Commission has slapped a penalty of Rs. 2,545 crore on 14 car makers, including Maruti Suzuki and Tata Motors, for violating trade norms in the spare parts and after services market.

Gold future prices recover on global cues

Gold prices rose by 0.32%,to Rs. 27,950 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

Silver rates move up in futures trade on global cues

Silver prices were up by Rs. 178 at Rs. 42,099 per kg in futures trading on Tuesday as participants built up fresh positions buoyed by a firm global trend.

Reliance Power commissions 5th unit of its Sasan UMPP

Reliance Power on Tuesday announced that the fifth 660 MW unit of its 3,960 MW Sasan ultra mega power project has commenced generation.

CBI to soon close case against Hindalco, KM Birla

The CBI will this week close its probe into alleged irregularities related to the allocation of the two Odisha coal blocks in 2005 to aluminium maker Hindalco since it found no criminality, giving a clean chit to Aditya Birla Group chairman Kumar Mangalam Birla and former coal secretary PC Parekh.

The curious case of the missing files

The investigations into the coal allocation scam took a new turn in August 2013, when the then coal minister in the UPA government, Sriprakash Jaiswal, admitted that some crucial files relating to the investigation between 1993 and 2004 had gone missing.

Coalgate verdict: SC cleans up the mess, but what next?

The Supreme Court verdict declaring illegal all coal block allocations made between 1993 and 2010 has highlighted the arbitrary use of power by successive governments in allocation of a natural resource. Coal block allocations from 1993 to 2010 illegal: SC

Centre will have to expedite coal block auction policy

The National Democratic Alliance (NDA) government may have to expedite implementation of the coal auction policy that the UPA government had approved last year.

Financial inclusion a national priority: Modi emails bankers

Prime Minister Narendra Modi on Monday sent an e-mail to all public sector bank officials asking them to carry out the financial inclusion programme — Pradhan Mantri Jan-Dhan Yojana — with diligence.
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