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HindustanTimes Thu,25 Dec 2014

Business

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.

Can 8 poor Chhattisgarh tribals own 44 acres of land: wonders HC

Eight poor Gond tribals suddenly find themselves in the spotlight: they are the ‘owners’ of 43.7 hectares of land worth several crores of rupees, at Pusaur in Raigarh district of Chhattisgarh. Ironically, they still seek employment under the welfare scheme MGNREGA.

Jet Airways raises Rs. 950-cr loan from West Asia lenders

Private carrier Jet Airways on Monday said it has concluded a five-year syndicated loan facility of $150 million (over Rs. 950 crore). The loan facility was fully subscribed to by banks spread across the West Asia region, the airline said in a release.

Zest impact: Tata puts booking of Bolt hatchback online for Rs. 11,000

Interested customers can book a Bolt online at bookonline.tatamotors.com by making a payment of Rs. 11,000. The Bolt is the second brand-new product that the car maker is launching following the Zest compact sedan that was launched in August. 

Govt nudges pvt telcos on broadband for all

The government has sought cooperation of all private telecom operators to collaborate with the telecom ecosystem and work to provide ubiquitous broadband connectivity for all citizens of India.

Sensex rises by 330 points to 1-1/2 week high

A fag-end spurt in buying tracking strong global cues helped the benchmark BSE Sensex to rally by 330 points to close the day at one-and-a-half week high of 27,701.79 on Monday, completing three days of gains.

Oil prices up in Asia on year-end short-covering

Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.
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