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HindustanTimes Thu,21 Aug 2014

Business

Loss on diesel sale rises to Rs. 1.78/ltr, price decontrol to be delayed

Rising global crude oil prices and fall in the value of the rupee against the US dollar may once again delay the government’s plans to deregulate diesel prices by the middle of 2014-15.

Google, Tata, Godrej, GE woo former women staff

Sabbaticals were once viewed as taboo for working women, and reduced their chances of getting back into the maninstream. But companies such as Google India, GE and Godrej Group are among those that are re-hiring female executives.

Disclose company board decisions within 15 minutes: Sebi

Market regulator Sebi has proposed that all listed companies should intimate within 15 minutes of closure of the board meetings about decisions on dividends, bonus, fund-raising and buyback, among others.

Samsung buys US air conditioner firm Quietside in 'smart home' push

It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a U.S.-based platform developer which builds apps that allow users to monitor, control and automate devices at home.

Gold remains weak on sluggish demand, global cues

Extending declines for the fourth day, gold prices on Tuesday fell by another Rs. 50 to close at Rs. 28,550 per ten gram at the bullion market in the national capital due to subdued demand from jewellers amid a weak trend overseas on easing geo-political tensions.

TCS subsidiary gets multi-million pound deal from Friends Life Management

Tata Consultancy Services said its subsidiary Diligenta had signed a multi-million pound deal with financial services company Friends Life Management Services Ltd for its international operations.

Google buys travel guide app startup Jetpac

Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram.

Auto scrips fuel Sensex, Nifty to new peaks, markets up for 6th day

Markets surged for the sixth session in a row on Tuesday with benchmark Sensex rising 30 points to a new closing peak of 26,420.67 and the Nifty gaining 23 points to end at a record 7,897.50.

Rupee gains slightly on bunched up dollar inflows

The rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers.

TCS to donate Rs. 100 cr to build toilets in 10,000 schools

Largest software exporter TCS on Tuesday announced a Rs. 100-crore donation for sanitation facilities for girl students in 10,000 schools across the country.

Ministry may direct banks to offer discounted loans in festive season

With buyers shying away from purchases due to the ongoing slowdown, the finance ministry is likely to nudge public sector banks to look at ways to lure wary customers.

Parekh, Sreedharan may be in plan panel substitute

The new avatar of the Planning Commission is likely to be a powerful body — packed with a technocrats, industrialists, state chief ministers and development experts — that will serve as the government’s primary policy advisory council.

Jindal’s JSW Energy eyes JP Group’s power projects in MP

The Sajjan Jindal-led JSW Energy is evaluating the prospects of a deal to purchase two-coal based power projects of the Manoj Gaur-led JP group in Madhya Pradesh, sources said.

Poll vault? Gas price hike may be delayed

With the forthcoming state elections expected to begin by September-end or October and the Election Commission effecting the model code of conduct for the same, chances are that the announcement of the new gas price may get deferred once again.

Bankers’ nominee to oversee Bhushan Steel’s operations

Bankers have also ordered a forensic audit into the accounts and audit books of Bhushan Steel and has asked promoters to inject more money to remain solvent.
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