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HindustanTimes Wed,26 Nov 2014

Business

Vistara Airlines launch held up due to flying permit delay

Tata-Singapore Airlines promoted full-service carrier Vistara will now be able to start operations only next year due to delay in grant of scheduled Air Operator Permit. The airline had applied to the DGCA for the permit in April and had planned to launch services by September.

Weekly market review: Sensex, Nifty reach new peaks

Extending gains for fifth straight week, stock specific actions sparked by a smart rally in banking and capital goods sector lifted both Sensex and Nifty by over 1 % to conclude the week at new record highs.

European Parliament may propose Google break-up in draft resolution

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's search engine operations in Europe from the rest of its business as one possible option to rein in the internet company's dominance in the search market.

SpiceJet to sell stake to new investor, BSE seeks clarification

SpiceJet promoter Kalanithi Maran may be close to clinching a deal with an investor for his cash-strapped airline. The airline had reported a Rs. 310-crore loss for the September quarter – its fifth straight quarterly loss.

Adding synergy: Future group buys Nilgiris chain of stores

Future Consumer Enterprise, the food and fast moving consumer goods arm of Kishore Biyani’s Future Group, has acquired Bangalore-based convenience store chain Nilgiris from private equity firm Actis.

Sensex, Nifty hit fresh peaks as banks rally on Kotak-ING deal

Indian stocks on Friday notched up their best gain in three weeks with benchmark Sensex surging 267 points and Nifty jumping by 75.45 points to hit new highs powered by a spurt in shares of lenders after Kotak Mahindra-ING Vysya announced India's biggest banking merger.

Soon, you may be able to shop for more than just rail tickets @ IRCTC

The IRCTC is preparing a big-bang entry into the Indian e-commerce market in collaboration with a multinational or domestic e-tailer. It is in the process of inviting bids from private e-commerce players to sell merchandise on its website in return for a 7-8% commission.

Supporting travel industry will pay huge dividends: Christopher Thompson

Travel and tourism are a critical component in attracting investors, says Christopher Thompson, who is in charge of promoting travel to the US

Any rate cut of less than 1% will not suffice: Rana Kapoor

The turnaround in the economy is fairly evident; with interest rate review and reforms in place, it may grow at around 5.7-5.8% in 2014-15, Rana Kapoor, founder, MD and CEO, Yes Bank, tells HT.

Rupee strengthens 18 paise to 61.76 vs dollar as stocks rally

Rising for the second day, Indian rupee on Friday strengthened 18 paise to end at 61.76 against the greenback on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks.

India can be one of our biggest markets in Asia: Burger King

US fast-food giant Burger King may be late to India’s fast food scene, but it still sees a big opportunity here, so much so that it feels the operations could in future become the largest in Asia along with China.

GMR claims $803 mn damages for termination of Male airport contract

GMR Male’ International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (Rs 4,987 crore) from the Maldivian government for ‘wrongfully’ terminating the international airport contract.

GMR claims $803 mn for termination of Male Airport contract

GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs. 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.

India to invest $4 billion to tackle power theft

India will spend 253 billion rupees ($4.1 billion) to tackle rampant theft of electricity by rolling out metering in cities and upgrading old distribution networks, the power ministry said late on Thursday.

SBI defends $1 billion loan to Adani for Oz coal project, BJP steers clear of controversy

Amid controversy over sanctioning a $1 billion loan (nearly Rs. 62,000 crore) to Adani Group, SBI said Thursday it had only signed a preliminary MoU and will disburse the money only after proper due diligence.

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