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HindustanTimes Fri,28 Nov 2014

Business

RBI sets up mkt intel units to fight ponzis

In a move geared to combat shadow banking through increased vigilance and intelligence gathering, the Reserve Bank of India in a recent organisational revamp, has set up market intelligence units across 16 out of 19 regional offices across the country.

E-governance in 2.5 lakh villages by March 2016

Governance services offered over digital platforms will become operational across 250,000 gram panchayats (village councils) by March 2016 as the National Optical Fibre Network project is slated to be completed by then.

Alibaba’s Jack Ma keen to invest in India, eyes small businesses

China’s richest person and founder of e-commerce giant Alibaba, Jack Ma, said on Wednesday that he is keen to invest more in India and help technology entrepreneurs here.

AG against challenging HC verdict on Vodafone

Attorney General Mukul Rohatgi has advised the government against challenging the Bombay HC verdict that Vodafone is not liable to pay an income tax demand of Rs. 3,200 crore in a case relating to transfer pricing.

Nippon to hike stake in Reliance Capital AMC to 49%

Japan’s Nippon Life Insurance will increase its stake in Reliance Capital Asset Management Co to 49% from its existing 26% in two or more tranches, the Anil Ambani Group company said on Wednesday.

Rupee inches higher; month-end dollar demand offsets inflows

The rupee closed marginally stronger on Wednesday after being held in a tight range as dollar inflows into the domestic share markets were offset by demand for the greenback from importers looking to meet month-end commitments.

Sensex recovers as ITC, HDFC rise; realty shares in limelight

The benchmark Sensex on Wednesday recovered by 48 points to end at 28,386.19 on smart rise in bluechips, including ITC and HDFC, coupled with a spurt in realty shares, led by DLF, after government hiked floor area ratio in Delhi.

China's Alibaba to invest more in India

Chinese e-commerce giant Alibaba's founder and executive chairman Jack Ma Wednesday said he wanted to invest more in India.

Twitter to boost online voting and video with new tools

Microblogging service Twitter, which has emerged as the prime internet platform for politicians, policymakers and journalists across the world to break, share and discuss news and build public opinion, is ready with new innovations that will help instant polls and easy reading of linked content.

Offshore black money: ED for seizing domestic equivalent

Indians suspected of holding illegal assets abroad could have property or other possessions of equivalent value seized at home. This is one among many measures proposed to stamp out black money.

Cos using neuroscience to map response to advertisements

Fast-moving consumer goods major Godrej Group launched a new consumer connect initiative Masterbrand 2.0, under which the company will launch a series of ads showcasing new products.

'Defaulting large borrowers are like freeloaders'

The Reserve Bank of India on Tuesday warned of an uneven sharing of risks and returns in large Indian companies where promoters retain the upside in good times and have limited accountability in times of crisis.

Traditional medicines, visa fees top India-US trade talks

Visa fees and increased market access for India’s traditional and ayurvedic medicines topped the agenda for trade talks with the US that got underway here on Tuesday.

Rupee rebounds 8 paise against dollar to end at 61.86

After breaching the 62-mark in early trade, Indian rupee on Tuesday rebounded and ended with a gain of 8 paise at 61.86 against the Greenback on account of suspected RBI intervention through state-owned banks.

Sensex, Nifty log biggest drop in nearly six weeks

In their biggest drop in nearly six weeks, benchmark Sensex on Tuesday tumbled 161 points to 28,338.05 and Nifty index fell 67 points to 8,463.10 from record highs due to profit-booking and worries over new norms on P-Notes.

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