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HindustanTimes Thu,10 Jul 2014

Business

DoT sets the stage for spectrum auctions

The department of telecommunications (DoT) has prepared a roadmap for auctioning radiowaves to existing and new telecom operators for the next five years, though it refuses to indicate the revenue it expects to mop up from the exercise.

SpiceJet puts up 1 mn seats starting Rs. 999; rivals likely to follow

India’s second largest budget carrier SpiceJet announced its third flash sale in less than a month offering a million seats for fares starting at `999 plus taxes.

Privatisation of Air India not on cards: aviation minister

 There are no plans to privatise the loss-making national carrier Air India (AI), aviation minister Ashok Gajapati Raju told the Parliament on Tuesday.

Bharara suffers first defeat in insider trading cases

A Manhattan jury on Tuesday acquitted Rengan Rajaratnam of charges of conspiracy to commit insider trading, handing US attorney Preet Bharara his first defeat in such cases.

French retail giant Carrefour to exit India, shut five wholesale stores

The world's no.2 retailer by sales, which has been operating in India since 2010, will shut its five Indian wholesale stores by the end of September, it said in a statement late on Monday.

Rel Jio to start 4G trials by August; launch likely next year

Mukesh Ambani-led Reliance Jio Infocomm Ltd will start full-fledged trials of 4G services across major cities in India from next month, before its expected launch of commercial service March-April 2015.

Sony likely to spend Rs. 800 crore to boost market share in India

Consumer electronics giant Sony will spend Rs. 800 crore in India this year, up from Rs. 650 crore last year, to boost its sales and distribution network and increase investment on marketing its latest gadgets.

Trai ups minimum speed for broadband to 512 kbps

Telecom sector regulator Trai has notified that the minimum broadband speed has been raised to 512 kilo bits per second (kbps) from the earlier 256 kbps.

Piramal buys roads in bet on infrastructure recovery

The Indian conglomerate headed by billionaire Ajay Piramal is hunting for road projects put up for sale by stressed developers, betting a change of government will stimulate growth and revive an infrastructure sector plagued with delays.

Even Rangarajan couldn't bring India's poor to BRICS standard

India's national poverty line continues to be the lowest among the BRICS countries, even after the upward revision recommended by the panel headed by former RBI governor C Rangarajan.

Sensex ends above 26,000, Nifty hits new high on budget hopes

The benchmark Sensex crossed the 26,000-mark for first time in its history and extended gains for the second consecutive day on Monday surging 138 points on positive hopes from Modi government's maiden Budget on Thursday.

Task cut out: 10 challenges for Arun Jaitley ahead of BJP's maiden Union Budget

FM Arun Jaitley will have to negotiate through a maze of thorny issues and the road ahead appears full of twists and turns. HT takes a look at 10 challenges that the FM faces ahead of his maiden budget on Thursday.

Rupee drops most in nearly 3 weeks, down 29 paise as dollar demand rises

The rupee is at 60.00/01 versus its Friday's close of 59.72/73, as lack of dollar supplies on account of the US markets holiday hurts while caution also prevails ahead of the budget on Thursday.

India, China output growth strongest since March 2013: survey

Business activity in emerging markets expanded last month at its fastest rate since March 2013, boosted by strong growth in China and India, a survey showed on Monday.

Expedia says to pay $660 mn for Australia's Wotif

US travel giant Expedia Inc said on Monday it agreed to buy Australian online travel group Wotif.com Holdings Ltd for A$703 million ($660 million) in cash, sending Wotif's shares 25% higher.
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