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HindustanTimes Fri,24 Oct 2014

Business

DLF seeks interim relief from capital market ban

Hit hard by a Sebi order barring it from capital markets, realty giant DLF on Wednesday appealed for an interim relief from the Securities Appellate Tribunal to allow it to redeem thousands of crores worth funds locked in mutual funds and other securities.

Sensex up 212 points at 1-month high as Samvat 2070 draws to a close

Samvat year 2070 ended with a bang as Sensex on Wednesday soared 212 points to finish at one-month high and Nifty jumped 68 points to close just shy of 8,000 mark on optimism festive sales will boost earnings.

Rupee ends flat, outlook positive

Wednesday's closing for rupee is the strongest level since 61.1 against US dollar on October 13, 2014. In the forwards market, premium recovered on fresh payments by banks and corporates.

AI Dreamliner loses ground contact, Italy scrambles jets

The Italian Air Force had to scramble fighter jets to escort an Air India Boeing 787 Dreamliner flight from Delhi to Rome last week after the plane lost radio contact with Air Traffic Control following a failure of its communication system, HT has learnt.

Tribunal to hear DLF's plea against Sebi order

The Securities Appellate Tribunal will hear on Wednesday realty giant DLF's appeal against the Sebi order that barred the company and six top executives from accessing capital market for three years.

Gold is glittering this Dhanteras

Gold is glittering this Dhanteras as jewellers are experiencing good sales driven by better prices compared to last year. Last year, there was a supply crunch of gold in the market after the government hiked its import duty to 15% to curb higher import as that was causing imbalance in the current account deficit in the country.

Govt sets deadline of six months for rolling out Direct Tax Code and GST

The government has set itself a deadline of six months to implement Direct Tax Code (DTC) and Goods and Services Tax (GST) as part of its action plan to ease the doing business in India.

HDFC Bank net up 20% to Rs. 2,382 cr

India’s second largest private sector lender HDFC Bank on Tuesday reported a 20% year-on-year rise in net profit to `2,382 crore during the July-September quarter, helped by higher interest earned from loans.

Govt may come out with new policy on minerals allocation

The new coal mining policy is likely to set the tone for more transparent schemes in mining of other minerals and give more regulatory powers to state governments.

Two-wheelers zoom, cars too join party on dhanteras

Domestic car and two-wheeler manufacturers revelled on a bumper Dhanteras on Tuesday, traditionally a day when the largest number of vehicles are delivered to customers across India, which acted as a booster dose to the uncertain fortunes of the industry. 

CBI files ‘final’ closure report, gives clean chit to KM Birla, Parakh

The CBI on Tuesday filed a revised and final closure report before a special court, in the case relating to alleged irregularities in allocation of two coal blocks in Odisha to Hindalco in 2005.

FTIL to absorb NSEL, liabilities; share tanks 20%

In a move that is likely to help investors hit by the alleged Rs. 5,600-crore fraud at the NSEL recover their dues, the government on Tuesday ordered merger of NSEL with parent company FTIL.

Hindalco, Jindal shares surge on govt decision to auction coal blocks

The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck down last month as arbitrary.

Tatas' launch Land Rover factory in China

Tata's Jaguar Land Rover rolled out on Tuesday its premium Range Rover Evoque at colourful ceremony in Changshu (China), formally inaugurating its over $1.7 billion factory where it is set to manufacture new Jaguar models in a joint venture with China's Chery Automobile Company by 2016.

HDFC Bank Q2 profit up 20 pct, lags estimates

HDFC Bank reported on Tuesday a 20% rise in its September quarter net profit to Rs. 2,381.5 crore.
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