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HindustanTimes Mon,22 Sep 2014

Business

ONGC invested Rs. 81,890 crore for raising output

India's largest oil and gasproducer ONGC said on Friday it has invested Rs. 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields.

Nepal clears GMR plan for $1.4 billion hydroelectric plant

Nepal's centre-left cabinet on Thursday cleared the way for Indian firm GMR to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said, the Himalayan republic's biggest foreign investment scheme.

RBI tells banks to be careful about Jan Dhan Yojana

The Reserve Bank today warned thebanks to be more careful while opening accounts under the Jan- Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs. 1 lakh insurance cover.

Jet Airways to launch new Mumbai-Dubai flight next month

Jet Airways will enhance connectivity on the lucrative Dubai-India route by launching a fifth daily flight from Mumbai to the Gulf city from next month.

‘MNCs only want to extend what they already have elsewhere’

Rama Bijapurkar is a thought leader on Indian consumer and market strategies. She has been on boards of several companies. In an interview with HT, she shared her thoughts on wide range of issues from consumerism, the opportunities, advertising and reservation for women on boards. Excerpts: 

Larry Ellison steps down as Oracle CEO after 37 years

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.

Sensex down nearly 22 points on profit-booking; logs 6th weekly rise

Profit-booking on Friday pulled the Sensex down by 22 points to close at 27,090.42 on losses in capital goods, refinery, realty and auto sectors, but recent gains helped the BSE benchmark log its sixth straight week of gains, the longest winning run in over two years.

Indians among top property buyers in Dubai

Indians constitute a dominating group while buying real estate in Dubai, having invested nearly 10.5 billion dirhams (Rs 104 billion approx) during the first half of this year, says a report.

Rupee gains on foreign flows, but falls for the week

The Indian rupee rose for a fourth consecutive session on Friday, boosted by strong foreign fund flows into markets, although the local currency fell against the dollar for the week, in line with losses in other emerging Asian currencies.

Fortune ranks Indra Nooyi third most powerful women in business

PepsiCo's India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

Hyundai bids $10 billion for an office building

Hyundai will pay a record $10 billion for a 79,342 square metre plot for its new headquarters in Seoul’s Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on trophy property.

SRK: The greatest businessman can walk away from a deal if it doesn’t feel right

Shah Rukh Khan, the badshah of Bollywood and the promoter of Kolkata Knight Riders, Kidzania and Red Chillies, believes that a business or a product can be complicated, but it should work simply.

Pound hits two-year high against euro on Scotland results

The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.

Alibaba shares surge more than 40% in Wall Street debut

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38% at $94.08 after 10 minutes.

Infosys partners Huawei; extends pact with Microsoft, Hitachi

India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.
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