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HindustanTimes Wed,03 Sep 2014

Business

Rupee down 3 paise against US dollar at 60.53

Continuing its fall for the third straight session, the rupee on Monday lost 3 paise to close at 60.53 against the US currency, following sustained dollar demand from importers amid firm cues from overseas.

Not-so achche din in China as factory output falls again

An index of growth in China's vast manufacturing sector fell from a 27-month high to 51.1 in August, a government study showed on Monday, slightly less than forecast and adding to signs of growing softness in the Chinese economy.

SpiceJet offers Rs. 499 fare on domestic network for 'Early Birds'

Country's second largest airline by market share, SpiceJet on Monday launched yet another limited period special fare scheme, 'Early Bird', offering customers ticket prices as low as Rs. 499 on its domestic network.

Ambani not part of PM’s delegation

Chairman of Reliance Industries Ltd (RIL) Mukesh Ambani is not part of the high-level business delegation accompanying PM Narendra Modi on his visit to Japan.

Maruti confident of shareholders' nod on Guj, says no plan B

Maruti Suzuki India is confident of getting minority shareholders' nod to let parent Suzuki Motor Corp own and invest in its Gujarat facility and has no second option.

Govt set to oust UPA nominees from ONGC, HPCL, MRPL boards

After re-appointing new governors of many states, the NDA government is now cleaning up the boards of top public sector units by replacing all independent directorswhose appointments were seen as 'politically motivated'.

'I would let one small public sector bank be privatised and see what happens'

The Reserve Bank of India wants to reach its target of limiting retail inflation to 6% by 2016, but that doesn't necessarily mean monetary policy has to be tight all the way, governor Raghuram Rajan says in an exclusive interview.

All accounts with zero balance to get Rs. 1-lakh insurance cover

The benefit of accidental insurance cover of Rs. 1 lakh, extended to all those who open fresh accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) will now include even those who have opened zero balance accounts.

Global CEOs, top bankers queue up to meet Modi

Global chief executives and top bankers of iconic Wall Street companies are queuing up to meet Prime Minister Narendra Modi, in a clear sign that India’s economy has never mattered more than now.

For biz push, govt to relax  green laws

The Narendra Modi government is planning to dilute two environmental laws that have held up key industrial projects in the past, as part of its attempts to relax green norms for stimulating economic growth, official sources said.

India better prepared for eventual Fed rate hike, says RBI chief

India is better prepared to handle the impact of interest rate increases in the US as foreign funds are less likely to desert the country due to signs of an upturn in economic growth, its central bank chief said in an interview published Sunday.

Fake note crooks lapping up Rs. 100, Rs. 1,000 bills: RBI

Currency counterfeiters appear to have started focusing more on Rs. 100 and Rs. 1,000 denominations, even though the traditional favourite Rs. 500 bills continue to be the most to be faked by numbers, the RBI has said.

After IOC, govt to sack independent directors of ONGC, HPCL, MRPL

After sacking four independent directors of IOC, the Narendra Modi-government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL.

Disclose report of Mudgal Committee on lobbying: CIC to Centre

The Central Information Commission (CIC) has directed the Centre to disclose confidential file notings related to the constitution of the Justice Mukul Mudgal Committee which probed alleged lobbying by Walmart in India.

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.
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