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HindustanTimes Wed,23 Jul 2014

Business

Audi bets big on A3; starts production in India before launch

German luxury car maker Audi is betting big on its upcoming sedan A3 to stretch its leadership in the Indian market and has started local production of the model from VW group firm Skoda's Aurangabad plant.

Malaysia Airlines to refund cancellations after MH17

Malaysia Airlines said it would offer full refunds to customers who want to cancel their tickets in the wake of the MH17 disaster, just months after the carrier suffered another blow when flight MH370 disappeared.

Make the bigger 80C investments better

The Finance Bill 2014 presented in the Union Budget last week has given you Rs. 50,000 more to save in section 80C products, hiking the tax deduction limit to Rs. 1.5 lakh.

Switzerland's Swatch to open stores in India: report

Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class.

G20 trade ministers reaffirm growth commitments

The G20 ministers met in Sydney for the latest round of talks among the world's leading economies, with Australia's Trade Minister Andrew Robb saying all nations were still committed to the Bali agreement struck in December.

Reliance Q1 profit up 13.7%, beats expectations

Reliance Industries Ltd (RIL) on Saturday reported a 13.7% jump in net profit to Rs. 5,957 crore for the first quarter ending June 2014, up from Rs. 5,237 crore in the same period last year. Turnover surged 7.2% to Rs. 1,07,905 crore.

Reliance Jio finalises vendors, partners for 4G launch

Reliance Industries on Saturday said its telecom arm Reliance Jio Infocomm has finalised key vendors and suppliers required for launch of its telecom services.

Nikesh Arora quits Google, set to join Softbank soon

Google reported on Thursday that its quarterly profit rose with a jump in revenue and released word that its chief business officer Nikesh Arora was leaving the company.

RInfra Q1 net profit rises over 10 pc to Rs. 457.62 crore

Reliance Infrastructure, part of the Anil Ambani-led Reliance Group, has posted over 10% rise in its first quarter net profit at Rs. 457.62 crore after sub-contracting charges dropped significantly.

Jaitley reaffirms roadmap for economic recovery

Finance minister Arun Jaitley on Friday reasserted the Narendra Modi government’s blueprint for putting the stagnant economy back on the growth trajectory — keeping taxes low, rationalising subsidies, boosting the infrastructure and housing sectors and bring "civility in the tax regime".

Two planes grounded as AI’s Dreamliner nightmare continues

The unending glitches plaguing national carrier Air India’s (AI) brand new 787 Dreamliners are sending the airline’s operations into a spin.

India slides to 76th spot in the ranking of global innovators

India's position among global innovators fell by 10 places to 76th spot in this year's Global Innovation Index, the annual ranking co-published by Cornell University INSEAD and World Intellectual Property Organisation, a UN agency.

CAG blasts govt’s petro pricing formula

Strongly critical of the major petroleum products pricing policy pursued by the government, the Comptroller Auditor General has said the methodology adopted affords an undue benefit to state-owned refineries and private refiners.

Wipro wins 10-year, $1.2 bn deal

Information technology services major Wipro will acquire the IT business of Canadian corporation ATCO for $195 million (Rs 1,176 crore). The deal  comes bundled with a 10-year outsourcing contract of $1.12 billion (Rs 6,576 crore).

3ie appoints senior policy adviser Emmanuel Jimenez as executive director

The International Initiative for Impact Evaluation appointed on Tuesday Emmanuel Jimenez, director of public sector evaluations at the World Bank Group, as its executive director.

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