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HindustanTimes Wed,30 Jul 2014

Business

Ethanol-blended petrol to cut import bill by Rs. 18K crore

Sources said PM Narendra Modi, at a recent meeting, asked cabinet secretary Ajit Seth to meet petroleum ministry and food department officials to expedite the process of ethanol blending with petrol.

Tata Group shedding non-coreassets to cut debt, raise funds

The diversified Tata Group, which has been on an expansion and acquisition drive over the past decade, seems to have embarked on a strategy of selling non-core assets to streamline operations under chairman Cyrus Mistry. 

Bullish Amazon to add five warehouses in India

Global e-commerce giant Amazon’s India unit will open five new warehouses in the country, almost doubling its storage capacity to half a million square feet

Vishal Sikka-led Infosys looks to hire big to boost data processing

When Vishal Sikka takes over as CEO of Infosys later this week, he would be looking to his erstwhile employer SAP to revive the fortunes of his new charge.

NPPA to launch online database for drug cos

To crack the whip on drug companies National Pharmaceutical Pricing Authority (NPPA) is set to launch an online database that will help to track fraudulent activities such as overcharging, drug shortages, and evasion of drug pricing control order among others.

AirAsia aligns its global and Indian operations

AirAsia India has aligned its domestic and global network by launching operations to cities in south India,  a move that should ensure a steady footfall of NRI’s and tourists.

Govt forewarns telecom operators on data theft

The new telecom secretary Rakesh Garg has asked telecom operators to be prepared to counter all kinds of attacks on their networks amid growing concerns over data theft by cyber thieves and cyber attacks on Indian websites and mobile phones.

Larsen and Toubro reports two-fold rise in net profit to Rs. 966.89 crore

Engineering major Larsen and Toubro on Monday  reported over two-fold increase in the consolidated net profit at Rs. 966.89 crore for the April-June quarter, mainly on the back of gain on disinvestments and stake sale.

Maruti hikes Celerio AMT output, looks to cut waiting period

Country's largest car maker Maruti Suzuki India (MSI) is looking to increase the supply of auto gear shift version of its latest compact hatchback Celerio to reduce the waiting period that currently stands at about four months.

Telcos must deliver promised internet speed for 80% usage time: TRAI

Telecom operators offering mobile internet services have to ensure that the minimum download speed specified in their data plans is available to subscribers for not less than 80% of usage time from August 23.

HDFC, Birla Sun, Reliance Life top Irda's unfair biz chart

HDFC Standard Life, Birla SunLife and Reliance Life top the chart of unfair business practices among two dozen life insurance companies, as per the Irda data submitted to the finance ministry.

Coal India yet to sign fuel supply pacts with 12 power units

State-owned Coal India (CIL) is yet to enter into fuel supply pacts with 12 power units as issues like change in ownership and extension of coal supplies are still being examined by the government.

Sebi steps up ponzi clampdown; cracks whip on 10 in a month

To protect the public from fraudulent money-pooling activities, Sebi has stepped up action against entities raising funds illegally, even as it awaits Parliamentary nod for greater powers to check such frauds.

Amazon's far-reaching ambitions, lack of profits, unnerve investors

Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Market extends record-breaking run, Sensex zooms 2%; IT shines

The market continued its north-bound journey for the second straight week, propelling both the key indices, Sensex and Nifty, to new peaks on buying in IT, tech, FMCG and pharma counters on uninterrupted foreign fund inflows and some robust Q1 earnings.

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