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HindustanTimes Tue,23 Dec 2014

Business

Looking for a bank loan? Get ready for some additional paper work

If you are looking for a bank loan to purchase a house, or even a car, you may need to get your credit worthiness — which shows your loan repayment capacity — assessed by more than one rating agency.

Aviation industry grows but bleeding airlines on the verge of collapse

The combined losses of all carriers over the last seven years add up to more than Rs. 60,000 crore. And the future doesn’t look very rosy: analysts estimate that heavy losses will continue.

How Indigo is managing to buck the trend

IndiGo, the country’s biggest airline with a market share of 33.5%, has been Indian aviation’s biggest success story. Its rise since it was launched in 2006 has stunned competition, impressed critics and attracted global attention.

What went wrong with Jet Airways

Jet Airways, one of the India’s first private airlines, and its promoter Naresh Goyal were till recently celebrated as the poster boys of the Indian aviation industry.

Year-end high: Flipkart announces $700 million funding

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

‘Govt to push insurance bill, won’t buckle under pressure’

Finance minister Arun Jaitley said the government was determined to push the much awaited insurance bill seeking to increase the FDI limit to 49% from the current 26% and would not allow political obstructionism to derail the reform process.

5.5% growth, no rate cuts till March: Mid-year review

India’s economy is likely to grow at 5.5% this year though private investments haven’t shown real signs of picking up yet, a finance ministry report said on Friday, even as it hinted that the Reserve Bank of India was unlikely to cut interest rates before March.

Land acquisition rules delaying investments: economic review

The stringent land acquisition rules are probably blocking investments and key projects, the Mid-Year Economic Analysis 2014-15 tabled in Parliament indicated on Friday, suggesting changes to the existing law.

How will Yellen get out of Fed chakravyuha?

US monetary policy has left the markets flush with easy money, which big banks are using to become even bigger, writes J Mulraj.

Ease of doing business: India is 93rd on Forbes' list

Business publication Forbes has ranked India 93rd on its list of Best Countries for Business for 2014, but noted that 'investors' perception' has started to improve this year.

Tata, Singapore Air venture Vistara to take off on January 9

Based in New Delhi, the full service Vistara will begin operations with a fleet of new Airbus A320-200s with 148 seats, Tata SIA Airlines Ltd said in a statement. Vistara will offer flights to Mumbai and Ahmedabad initially.

Sensex gains 245 pts on rosier growth prospects, global cues

Markets rallied for the second consecutive day on Friday as investors cheered the government’s estimate of 5.5% economic growth in 2014-15 amid strong global cues. A rally in IT stocks after Accenture Plc raised its revenue forecast for the current fiscal also boosted sentiment.

Rupee down 19 paise at 63.30 against US dollar

The rupee on Friday lost 19 paise against the US dollar at 63.30 at close as initial gains were washed out on account of strong demand for the US currency from oil companies even as stock markets were bullish.

Sensex, rupee rally as Fed talks up markets

Indian stock and currency markets staged a pull-back rally on Thursday as global markets surged after the US Federal Reserve said a rate hike was unlikely in the short-term, and the NDA Cabinet cleared the Constitutional Amendment Bill on GST.

Co-founder Ajay Singh heads SpiceJet rescue op

A clutch of investors lead by former director and co-founder Ajay Singh is set to pick up a significant stake in the embattled SpiceJet, leading to an immediate capital infusion of Rs. 1200-1500 crore in the budget carrier that is staring at a shut down.

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