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HindustanTimes Mon,21 Apr 2014

Business

RBI raises $3.3 billion in biggest-ever bond auction

The Reserve Bank of India on Thursday fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.

HCL Tech Q3 net profit up 59% at Rs. 1,624 crore

IT services firm HCL Technologies on Thursday posted 59% increase in net profit at Rs. 1,624 crore for the quarter ended March 31, 2014.

CAG can audit accounts of telecom firms: SC

The Supreme Court on Thursday held that the Comptroller and Auditor General of India (CAG) can audit the account books of private telecom companies which share revenue with the government for using spectrum.

A star abroad, RBI boss, Raghuram Rajan, riles bond traders at home

Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

'India's ratings to depend on new govt policies'

Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.

Piramal to buy 20% stake in Shriram Capital for $334 million

Piramal Enterprises Ltd said it agreed to buy a 20% stake in unlisted Shriram Capital Ltd for Rs. 20.14 billion ($334 million), increasing its foothold in the financial services sector.

Sony sells more than seven million PlayStation 4 worldwide

Sony says it has sold seven million PlayStation 4 worldwide since its launch last year and admitted it can't make them fast enough, in a welcome change of fortune for the Japanese consumer electronics giant.

Rupee snaps three-day fall; share gains help

The rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank.

Sensex jumps 351 points, snaps 3-day losing streak

Sensex rose more than 1.5% on Thursday to snap a three-day losing streak as lenders such as ICICI Bank surged on value buying, earnings expectations and hopes of gains in bond portfolios after the central bank's biggest debt auction.

Google takes hit on growth disappointment as quarterly results fail

Google lost some of its luster on Wednesday as quarterly results failed to meet lofty Wall Street expectations, sending its shares down sharply.

Ranbaxy: From industry poster boy to problem child

For Ranbaxy Laboratories, which is nursing a welter of festering wounds from run-ins with regulators to employee exits and penalties for felonies, a change in ownership marks yet another milestone in its nearly five-decade old history.

Sun Pharma to acquire Ranbaxy in $4 billion transaction

Sun Pharmaceutical Industries and Ranbaxy Laboratories Ltd on Monday announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction.

Sensex ends 16 points lower; Sun Pharma gains nearly 3%

The BSE benchmark Sensex on Monday closed over 16 points lower with investors turning cautious after the first phase of voting in Lok Sabha elections got under way, amid weakness in global equities.

Etihad CEO says near finalising next stage of Air Berlin partnership

Etihad Airways' chief executive said on Monday that the airline was close to sealing the next phase of its partnership with Air Berlin and that it was still in due diligence over a possible tie-up with Alitalia.

Sun has been rising quietly in India

Thirty one years later, Dilip Shanghvi announced plans to buy Ranbaxy in an audacious $4 billion deal to buy Ranbaxy to become the world’s fifth largest generic drug company and India’s biggest pharmaceutical firm.
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