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HindustanTimes Mon,01 Sep 2014

Business

Mutual Funds buy Rs. 6,000-cr shares in August

Improved market sentiment helped Mutual Funds to pick up shares worth close to Rs. 6,000 crore in August, making it the highest monthly inflow in more than six-and-a-half years.

BSE to introduce daily incentive scheme for equity derivatives

Leading bourse BSE will introduce a new incentive scheme for brokers to attract more retail investors to equity derivatives, under which it would pay daily incentives besides existing trading-based payouts.

Govt to increase dearness allowance to 107%, up from 100%

Government is likely to approve a hike in dearness allowance (DA) to 107% from the existing 100%, benefiting around 30 lakh Centre's employees and its 50 lakh pensioners including dependents.

Markets to see positive start on GDP data; coal block ruling eyed

Improved performance of mining, manufacturing and services sector pushed India's economic growth rate to two-and-half year high of 5.7% in the April-June quarter, a development expected to continue for rest of the fiscal.

Citibank fraud accused charged with duping Mumbai bizman

A man alleged to be the mastermind of the Rs. 400 crore Citibank scam has now a new case of fraud registered against him on the basis of accusations by a businessman. He duped the couple on the pretext of saving them from a non-existent court case, police said.

Airlines claim some airports charging for landing small planes

Some Indian airlines have claimed that they had to pay landing charges for small aircraft at several airports where rules do not permit such payments and urged the government to look into the matter and help them improve connectivity to non-metro cities.

India govt stake sales in state companies in 2-3 months: Official

India will sell part of the government's stake in some state-run companies in the next two to three months, finance secretary Arvind Mayaram said on Saturday, without naming any company.

Petrol cheaper by Rs. 2 a litre, diesel price up 50 paise

Petrol prices was on Saturday cut by Rs. 1.82 a litre, the third reduction in rates this month, but diesel rates were hiked by 50 paise per litre. The revised rates will be effective from midnight, oil companies announced.

Panasonic, Tata join hands for water purification system: Reports

Japan's Panasonic and salt to steel conglomerate Tata group have joined hands to develop a compact water purification system for India, said a media report.

Sensex makes weekly gains amidst strong investor sentiments

Expectations of stable GDP growth figures and expectation of quick notifications for hike in foreign capital limits in defense and railways led to positive investor sentiments in the Indian equities market which made gains in the week ended August 28.

FPIs invested $3.87 billion in Indian markets in August

Foreign Portfolio Investors continued to invest in the Indian equities market as they bought shares worth $3.87 billion in August, with the trade for the week ended Aug 28 at yet another record high.

RBI can cut policy rates even if Fed hikes: BofA-ML

The Reserve Bank of India could cut policy rates by 75-100 basis points starting early 2015 even if the US Fed hikes rates next year, says a Bank of America Merrill-Lynch report.

Economy grows 5.7%, clocks fastest growth in 2 yrs

Data released on Friday showed gross domestic product grew by a better-than-expected 5.7% in April-June, sharply higher than 4.6% in the previous quarter, signalling a revival in the economy.

RIL plans Rs. 78,000-cr projects, refinery to come up in Jamnagar

After announcing plans to invest Rs. 1.8 lakh crore till 2016 across businesses, Reliance Industries Ltd is gearing up for another big investment of $13 billion to set up its third refinery-cum-petrochemical complex at Jamnagar in Gujarat.

Monsoon blues: Poor rains likely to hurt agriculture output

India’s economy may have recorded its fastest growth in nine quarters, but a lot depends on this year’s summer harvest that has been hit by patchy rains in the main cereal-growing states.
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