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HindustanTimes Thu,18 Dec 2014

Business

Xiaomi, Flipkart allowed to sell phones in Indiatill Feb 5

The Delhi High Court on Tuesday permitted Chinese cellphone maker Xiaomi and e-commerce website Flipkart to sell Xiaomi’s handsets running on technology claimed to be patented by Ericsson till February 5, as a temporary measure.

Willing to scrap faulty Uttarakhand dams: Centre

The Centre on Tuesday told the Supreme Court (SC) that it would scrap the power projects in Uttarakhand if it found any flaw with them.

Vistara clears flight path, likely to take off next month

Tata-Singapore Airlines-backed full-service carrier Vistara will soon begin commercial operations after the Directorate General of Civil Aviation granted it the air operator’s permit on Monday.

SpiceJet going Kingfisher way, asks govt for bailout

Bleeding no-frills carrier SpiceJet has got a 7-10 day lifeline from the government after it pleaded before aviation authorities that it would have to shut down operations 'by Monday night' if the government didn’t provide any relief.

Family interference, officials' exodus: Why SpiceJet story lost the plot

Cash-strapped budget airline SpiceJet’s desperate SOS to the government for financial assistance is being seen as the culmination of a series of disastrous moves.

WPI inflation hits 0% in November, lowest in over 5 years

India’s wholesale inflation rate slumped to 0% in November, a five-and-a-half year low, driven by tumbling fuel and food prices, data showed on Monday, intensifying pressure on the RBI to lower borrowing rates to aid an economic revival.

Petrol, diesel rates slashed, to go down by Rs. 2/litre

Petrol and diesel prices were on Monday cut by Rs. 2 per litre each as international oil prices slumped to five-year low.

Reliance MediaWorks sells Big Cinemas to Carnival for Rs. 700 cr

Anil Ambani-led Reliance MediaWorks has sold its Big Cinemas unit to Kochi-based Carnival Group for about Rs700 crore. The deal is expected to lower the debt of its financial services arm, Reliance Capital, by a similar amount.

New Year bonanza: Car makers offer up to Rs. 1.5 lakh discounts

With the year-end approaching and sales growth still bumpy, most auto makers are offering attractive discounts and offers on new car purchases - from hatchbacks to luxury. On offer are free insurance, extended warranties and exchange and loyalty bonuses.

Sensex falls by 31 pts to 1-1/2 mth low on weak economic data

The benchmark BSE Sensex fell by 31 points to close at one-and-a-half month low of 27,319.56 due to continued selling in IT, FMCG, banking and oil stocks amidst disappointing economic data and capital outflows.

Rupee sees biggest one-day fall in over 4 months, may fall more

The rupee posted its biggest single-day fall in more than four months, tracking steep losses in emerging market currencies while domestic data showing an unexpected contraction in industrial output sparked concerns about economic growth.

Mission 'achche din': Drag in farm sector can delay economic recovery

Factory output has fallen sharply and a depressing farm season this winter, along with a slump in rural wages, could prolong recovery. The drag this time could be the result of rural India not doing well.

As El Nino looms, anxious eyes on next summer crop

Worries of sluggish sowing of winter crops due to a warmer-than-usual winter have eased with rains and cold conditions setting in fast, but early signs of an El Nino weather event again next year are likely to keep farmers and the government on tenterhooks.

SpiceJet needs Rs. 2,100-crore infusion; can the embattled airline survive?

It may not be easy to rope in a new investor to rescue the airline. SpiceJet has combined losses from 2006-07 to 2013-14 of Rs. 2,194 crore. It has incurred losses in six of the eight preceding quarters.

US closes out-of-cycle review of India's trade and patent policies

The United States Trade Representative has announced closure of the out-of-cycle review of India’s trade and intellectual property rights practices, noting the progress made in recent months.

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