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HindustanTimes Mon,29 Dec 2014

Business

All states in favour of early GST roll-out: Arun Jaitley

Finance minister Arun Jaitley on Friday said that his counterparts in all states favour an early roll-out of the Goods and Services Tax (GST) Bill.

Airtel stands by decision to charge extra for VoIP

Standing by its decision to charge extra for services like Skype and Viber, telecom major Bharti Airtel on Friday said allowing VoIP calls on mobiles without additional charges was not a tenable business.

Microsoft CEO meets Modi, keen on ‘Make in India’

Global software leader Microsoft’s chief executive officer, Indian-born Satya Nadella, aspires to empower every Indian to use the latest digital technologies and has pledged his support to the government’s Digital India and ‘Make in India’ campaigns.

Oil price conundrum and its side-effects

The fall in price from $115 to $60 per barrel translates into a $1 trillion shift in wealth from the producer to the consumer nations such as India.

Teetering SpiceJet to submit revival plan to govt today

SpiceJet is likely to submit a revival plan to the aviation ministry on Friday based on the proposed investment by a consortium of investors led by the airline’s co-founder Ajay Singh.

Sensex up 33 pts; HDFC, Sesa Sterlite among big gainers

In volatile trade, the benchmark BSE Sensex on Friday rose by 33 points to close the day at 27,241.78, mainly helped by gains in HDFC, Sesa Sterlite, Infosys and TCS, amidst lack of fresh market cues.

Rupee falls for the third day, down 6 paise Vs USD at 63.57

Continuing its descent for the third straight session, the rupee on Friday declined by six paise to close at 63.57 against the Greenback following sustained month-end dollar demand from importers and capital outflows.

Reliance Cap ropes in Japanese bank as partner

Firming up its plans to set up a bank, Anil Ambani-led Reliance Capital on Thursday roped in Japan’s Sumitomo Mitsui Trust Bank (SMTB) as a strategic partner and minority investor to collaborate on various businesses, including its proposed banking venture.

RIL in shipping pact with Japan firm to import ethane

Reliance Industries said Thursday it has signed a long-term agreement with Japan's biggest shipping company Mitsui OSK Lines for transportation of liquefied ethane from North America to India.

Sensex gains over 6,000 points in 2014; gears for best rally in 5 years

Riding high on the sentiments, the stock market is gearing up for its best performance in five years with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors' wealth hitting Rs. 100 trillion level for the first time in history.

Put part of retirement fund in safe products instead of relying on PFs

The current market volatility may discourage small investors, but building an equity component into one’s investment portfolio is vital as it would accrue higher benefits when salaried people retire and start dipping into their savings.

DBT for LPG world's largest direct benefit transfer scheme

At present, a subsidised LPG cylinder costs Rs. 417 per 14.2-kg bottle while its market price is Rs. 752, the difference being the subsidy component.

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.

Govt looking to cap economy class fares at Rs. 20,000

The government is considering a proposal to regulate domestic fares so airlines cannot charge passengers more than Rs. 20,000 for a one-way economy class ticket.

Govt fastracks reforms in coal, insurance sectors

The Cabinet on Wednesday approved key reforms in the coal and insurance sectors, auction of coal blocks and a hike in insurance FDI to 49% from the current 26%, which were stuck in Parliament logjam.
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