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HindustanTimes Sat,20 Sep 2014

Business

Hyundai bids $10 billion for an office building

Hyundai will pay a record $10 billion for a 79,342 square metre plot for its new headquarters in Seoul’s Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on trophy property.

SRK: The greatest businessman can walk away from a deal if it doesn’t feel right

Shah Rukh Khan, the badshah of Bollywood and the promoter of Kolkata Knight Riders, Kidzania and Red Chillies, believes that a business or a product can be complicated, but it should work simply.

Pound hits two-year high against euro on Scotland results

The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.

Alibaba shares surge more than 40% in Wall Street debut

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38% at $94.08 after 10 minutes.

Infosys partners Huawei; extends pact with Microsoft, Hitachi

India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.

Maruti appoints RS Kalsi as head of domestic marketing & sales

Country's largest carmaker Maruti Suzuki India on Thursday appointed RS Kalsi as head of domestic marketing and sales following the resignation of Mayank Pareek from the company.

Thomas Cook India partners with RBL Bank

Travel firm Thomas Cook (India)has partnered with RBL Bank to distribute its multi-currency borderless prepaid card through the bank's 185 branches across the country.

UP: Vijay Mallya summoned by Bulandshahr court

Kingfisher Airlines Chairman-cum-Managing Director Vijay Mallya has been summoned by a court in Bulandshahr on a pilot's petition alleging that the company was withholding his payment dues.

BSE, NSE to shift 2 UB group firms to restricted trade segment

Leading bourses BSE and NSE have taken action against Vijay Mallya-led UB group firms Kingfisher Airlines and UB Engineering for non-compliance to timely reporting of financial results for two consecutive quarters.

Global billionaire population to cross 3,800 by 2020: Wealth-X

The population of billionaires globally is likely to surpass 3,800 by 2020, with the technology sector expected to create a significant number of new super-rich in the coming years, says a report.

Maruti voting to allow Suzuki to own Gujarat plant likely in November

Maruti Suzuki India on Thursday said voting by minority shareholders over its move to let parent Suzuki Motor Corp own and invest in Gujarat plant will likely happen in November instead of October as earlier envisaged.

Jet to launch full services on all-economy subsidiary JetKonnect

In a bid to take on competition from Tata-SIA's Vistara airline which is yet to start operations, Jet Airways on Thursday announced launch of full services even on its all-economy subsidiary JetKonnect from December.

Take that! Jivi launches entry-level smartphone for Rs. 1,999

Feature phone maker Jivi on Thursday launched its first smartphone, which is 'extremely affordable', for Rs. 1,999, aimed at the masses. The City-based firm claims this is the cheapest Android-based smartphone available in the country.

Sensex zooms 481 pts on Fed cue, China ties

Markets on Thursday rose the most in over 3 months with Sensex jumping 481 points to 27,112.21 and Nifty soaring over 139 points to 8,114.75 as FIIs pumped funds on Fed's pledge to retain rates at low levels for a considerable time and rising optimism over India's trade ties with China.

Snapdeal in talks to raise fresh funds

Snapdeal.com, one of India’s biggest online marketplaces, is in advanced talks to raise more than $600 million in fresh funding from existing investors led by Softbank, according to three people with direct knowledge of the matter.
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