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HindustanTimes Fri,26 Dec 2014

Business

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.

PM Modi to lay down action plan for Make in India

In a bid to chalk out the second leg of the signature ‘Make in India’  programme PM Modi will hold a meeting of several stakeholders on December 29 where he would come with a ‘specific action plan’ that would help boost manufacturing.

IndiGo looking to add 80 planes in new order?

IndiGo, the country’s biggest domestic carrier by market share, has conveyed to the aviation ministry that it may order more planes. An IndiGo official, however, denied that the airline was ordering any new planes.

'India to overtake US in smartphones by 2016'

India will overtake the US as the second largest market for smartphones in the world by 2016, as smart mobile devices become affordable, global research firm eMarketer said.

GST bill: One tax, one market, win-win for all

Finance minister Arun Jaitley on Friday tabled the GST Bill in the Lok Sabha. Once enacted, it will be India’s most significant tax reforms initiative. A lowdown:

Sensex falls 195 pts, Nifty below 8,300-mark on poll outcome

The Sensex fell over 195 points to 27,506.46 and Nifty dipped below 8,300-level as participants indulged in profit-booking amidst poll trends suggesting a hung assembly in J&K and the BJP inching towards forming government in Jharkhand.

OPEC won’t cut output even at $20/barrel: Saudi Arabia

The Organization of Petroleum Exporting Countries will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia has said.

UltraTech to acquire two JP cement units

UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on Tuesday said it’s board had agreed to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for an enterprise value of Rs. 5,400 crore.

Cabinet to re-issue coal ordinance today, discuss auction prices

The Cabinet is likely to take up the proposal for auction of coal blocks on Wednesday, but may reserve the announcement of the auction process, with the Rajya Sabha failing to discuss and approve the Coal Mines (Special Provisions) Bill, 2014 on Tuesday.

India to get high speed wi-fi at all public places

Citizens will soon get a minimum of 2 megabits per second Wi-Fi speed at every government owned service point such as railways stations, airports, bus stops, hospitals and all government departments that deal with the public on a daily basis.

Rupee loses 3 paise against US dollar at 63.28

The Indian rupee on Tuesday lost three paise at 63.28 against the US dollar due to sustained capital outflows and fresh demand for the US currency from banks and importers.

An airline is born: Can Vistara soar while others bleed?

India's newest airline announced Monday it would start flying next month and was 'enthusiastic' about the future, even as rival carriers bleed red ink. The new airline, called Vistara will make its first flight on January 9. 

Vistara will lease bigger jets if govt scraps global flying rule: CEO

Tata-Singapore Airlines-backed full-service carrier Vistara, which will launch commercial operations from January 9, 2015, will lease bigger wide-body jets if the government decides to do away with the 5/20 rule.

PM Modi concerned over teetering SpiceJet

Prime Minister Narendra Modi has expressed concern about the situation at no-frills carrier SpiceJet, which has been forced to cancel around 2,000 flights in December, top aviation ministry officials said on Monday.

India's defence, aviation industries may attract more dollars

The government will strongly pitch its signature ‘Make in India’ initiative that promises to remove bureaucratic sloth, ease procedures and the turn the country into a manufacturing powerhouse.
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