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HindustanTimes Fri,01 Aug 2014

Business

Third try? S Africa’s MTN in talks to buy Tata’s telecom arms

South Africa’s largest telecom operator, MTN, is looking to foray into the Indian market again, this time by acquiring Tata Teleservices and Tata Maharashtra Ltd, sources with said.

Amazon lines up $2 billion for expansion in India

Amazon, which launched its India operations in June last year, has been making a big push into the country’s rapidly-growing online retail market. Even though a late entrant, the company has big plans for India.

$1 billion in its war chest: What Flipkart can learn from Alibaba

India's internet retailing sector grew 20% last year by value, according to Euromonitor International. Yet it's hard to see any single player in India emerging with Alibaba-like market share. Amazon says to invest $2 bn more in India, a day after Flipkart $1bn funding

Gold falls 0.11% on weak global cues

Tracking weak trend overseas, gold futures fell 0.11% to Rs. 27,835 per 10 grams on Wednesday as speculators reduced their exposures amidst a weak global trend.

BlackBerry to acquire German security solutions firm

BlackBerry will acquire German security solutions firm Secusmart GmbH as part of its efforts to ramp up enterprise service offerings. Secusmart provides anti-eavesdropping solutions, among other things, for government organisations.

Rupee rises 7 paise versus USD to end at over 2-week high of 60.06

In line with the recovery in local equities, the Indian rupee washed out early losses on Wednesday and closed up by seven paise at over two-week high of 60.06 against the greenback.

Sensex down 61 points in early trade; L&T plunges 7.98%

The benchmark BSE Sensex fell over 61 points in early trade on Wednesday on selling by funds and retail investors ahead of monthly expiry in the derivatives segment amidst lower-than expected corporate earnings by some firms.

BP Q2 net profits soar 65% to $3.369bn

BP said on Tuesday that net profits surged 65% in the second quarter, boosted by high oil prices, but warned that more economic sanctions against Russia could hit performance.

Mobile data revenue zooms, Airtel Q1 net up 61% to Rs. 1,108 crore

India’s largest telecom operator, Bharti Airtel, on Tuesday reported a 60.9% year-on-year jump in consolidated net profit to `1,108 crore during the April-June quarter on the back of a 97.1% growth in data traffic and higher voice usage per customer.

Flipkart raises $1 bn in funds, beats giants in values

India's largest e-commerce firm Flipkart on Tuesday said it has raised $1 billion (over Rs. 6,000 crore) in fresh funding from a group of investors, the largest so far in the fiercely competitive online shopping segment in the country.

Ranbaxy posts loss on provision for US settlement

Generic drugmaker Ranbaxy Laboratories Ltd posted a net loss for the quarter to end-June after making a provision related to 'ongoing settlement discussions' with US government authorities.

Tatas to invest $35 bnover 3 years; 2013-14 revenue tops $100 billion

The Tata Group will invest $35 billion (about Rs. 2.1 lakh crore) over the next three years as part of its broad strategy to be among the world’s top 25 companies by 2025.

World trade talks stutter over India stand

Global trade negotiators met at the World Trade Organization headquarters on Tuesday to break an impasse after India took a firm stand last week that it will only back a worldwide reform of customs rules.

Audi leads, Mercedes plays catch-up with new launches

German luxury carmaker Audi withstood pressure from its country rival Mercedes to stay ahead in the race to the top of the luxury car market in India in the first half of 2014.

Getting your income tax returns in order

With the deadline of filing your income tax returns for the financial year 2012-13 round the corner, HT tells you all that is needed to get your filing right.
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