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HindustanTimes Mon,01 Sep 2014

Business

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.

Jan Dhan scheme not to add to bad loans: banks

The opening of at least 150 million accounts with an overdraft facility of Rs. 5,000 for each of them under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is unlikely to add to banks’ bad loan portfolio.

AirAsia launches free user trial of on board WiFi service

Malaysia's budget airline AirAsia has launched a two month-long free user trial of its on board WiFi service designed to provide affordable, low-cost internet connectivity to passengers.

Sun-Ranbaxy deal: CCI raises concerns about molecules mkt

The Competition Commission, which has put the multi-billion dollar Sun-Ranbaxy deal for public scrutiny, said on Friday the major issue is whether the combination would result in high market concentration of certain molecules.

Oil prices up on Ukraine tensions, rosy US data

Oil prices rose in Asia on Friday supported by renewed Russia-Ukraine tensions and upbeat US economic data, analysts said.

HTC mobiles official sponsor of Kings XI Punjab

HTC Mobiles on Friday said it has become an official sponsor for Kings XI Punjab, one of the eight cricket teams of IPL. The sponsorship comes ahead of the sixth edition of the Champions League scheduled to be held from September 13 2014.
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