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HindustanTimes Mon,29 Dec 2014

Business

RIL in shipping pact with Japan firm to import ethane

Reliance Industries said Thursday it has signed a long-term agreement with Japan's biggest shipping company Mitsui OSK Lines for transportation of liquefied ethane from North America to India.

Sensex gains over 6,000 points in 2014; gears for best rally in 5 years

Riding high on the sentiments, the stock market is gearing up for its best performance in five years with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors' wealth hitting Rs. 100 trillion level for the first time in history.

Put part of retirement fund in safe products instead of relying on PFs

The current market volatility may discourage small investors, but building an equity component into one’s investment portfolio is vital as it would accrue higher benefits when salaried people retire and start dipping into their savings.

DBT for LPG world's largest direct benefit transfer scheme

At present, a subsidised LPG cylinder costs Rs. 417 per 14.2-kg bottle while its market price is Rs. 752, the difference being the subsidy component.

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.

Govt looking to cap economy class fares at Rs. 20,000

The government is considering a proposal to regulate domestic fares so airlines cannot charge passengers more than Rs. 20,000 for a one-way economy class ticket.

Govt fastracks reforms in coal, insurance sectors

The Cabinet on Wednesday approved key reforms in the coal and insurance sectors, auction of coal blocks and a hike in insurance FDI to 49% from the current 26%, which were stuck in Parliament logjam.

‘India will achieve double digit growth in 3-4 years’

In an exclusive interview to HT in his office, Rakesh Jhunjhunwala opens up about his reading habits, on how India’s growth could touch double digits and why people should be confident about investing and not afraid to make mistakes.

Govt to accelerate Rs. 20K-cr investment proposals of US cos

Ahead of President Barack Obama’s visit next month, India is working overtime to iron out irritants in investment commitments worth nearly Rs. 20,000 crore from US-based companies ranging across automobile, defence, railways and information technology among others.

100% FDI: Pacemakers, stents may get cheaper

The government has made it easier for foreigners to fully own medical device-making plants in India, a move that could eventually make several products such as cardiac pacemakers, stents and surgical instruments cheaper.

Mobile phone cos pitch for tax holiday, duty cut

Mobile handsets costs could come down, if the government decides to accept a few from the slew of recommendations made by the Indian Cellular Association (ICA) — the apex body representing the country’s mobile handset makers.

Industrial zones: Govt to ease land requirement

Unable to extract a good response from the industry, the government is soon going to infuse new life into the National Manufacturing Policy by reducing the minimum land size required for setting up a manufacturing zones.

Sensex retreats from record high on profit-booking

The benchmark BSE Sensex retreated from record high to trade 44 points lower in early trade on Monday on emergence of profit-booking, mainly in healthcare, IT, banking, capital goods and oil and gas sector stocks amid weak Asian cues.

Rupee loses 23 paise against dollar at 63.51 against dollar

Month-end dollar demand from oil companies and persisting selling by foreign funds in stocks dragged the rupee down by 23 paise to 63.51 at close against the US currency on Wednesday.

Sensex sheds close to 300 pts as investors book profit

The benchmark BSE Sensex on Wednesday slumped by nearly 300 points to end the day's trade at 27,208.61 due to heavy profit-booking, chiefly in IT, oil & gas and power shares, ignoring government approving the ordinance route to implement insurance and coal reforms.
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