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HindustanTimes Mon,20 Oct 2014

Business

Arvind Subramanian appointed India's new CEA

Subramanian, Senior Fellow at Peterson Institute for International Economics, has been appointed as India’s new chief economic adviser, the government said on Thursday. Subramanian: India's man in DC

Arvind Subramanian: India's man in DC

Subramanian, a familiar figure on DC think-tank circuit, became a sounding board for other commissioners at the hearing  by the US International Trade Commission, as they turned to him repeatedly for clarifications.

TCS reports 13% net rise, merges CMC with itself

India’s largest IT services company, Tata Consultancy Service (TCS), on Thursday reported a 13.2% year-on-year rise in net profit to Rs. 5,244 crore during the second quarter on robust deal flow and high utilisation. Revnue rose 13.5% to Rs. 23,816 crore.

iPhone junkies queue up for Apple’s midnight launch

Sukh Raj Singh, a young entrepreneur in Delhi, has been promised by the authorised Apple reseller at Ambience Mall in the Capital’s Vasant Kunj area, that he will be among the first to get his iPhone6, within five minutes of the clock striking 00:00 hrs on Thursday night.

Hero MotoCorp profit rises 59% to Rs. 763 crore on robust sales

India’s largest two-wheeler maker, Hero MotoCorp, on Thursday reported a 58.62% year-on-year jump in its net profit to Rs. 763 crore for the second quarter ended September on the back of a near 20% growth in sales.

Subramanian an excellent choice as CEA: Chidambaram

Chief economic adviser Arvind Subramanian is pro-growth and pro-reform, Former Finance Minister P Chidambaram today said, while terming the choice as "excellent".

DLF shares bounce back after hitting fresh record low

In a tumultuous opening trade after being battered by nearly 30% in last trading session on the back of a Sebi order, the stock on Thursday opened near its day's low level at Rs. 100.10 and further slipped to Rs. 100.

Ranbaxy to pay $40mn to settle Texas Medicaid pricing litigation

Ranbaxy Laboratories Ltd said it has agreed to pay $39.75 million to settle litigation concerning its participation in Texas Medicaid, the US federal-state healthcare program for people with low incomes.

Sensex falls 350 points; metals, miners drop

The BSE Sensex fell for a second consecutive session on Thursday, as companies seen most exposed to the global economy such as Hindalco Industries and Sesa Sterlite declined tracking a downturn in global markets.

Rupee posts biggest fall in a month on global worries

The rupee posted its biggest single-day loss in a month, hurt by data showing a widening trade deficit and a slump in local shares as part of a global market sell-off, but intervention from the central bank prevented steeper losses.

TRAI issues recommendations on spectrum auction

The Telecom Regulatory Authority of India (TRAI) on Wednesday released recommendations on spectrum valuation asking the government to auction spectrum in the 900 and 1800 megahertz band.

RBI governor Raghuram Rajan wins Euromoney award

The central bank on Wednesday said its governor, Raghuram Rajan, was conferred Euromoney's 'Central Bank Governor' of the year award in Washington on October 10.

Full mobile number portability by March 31

Mobile phone users will soon beable to change their telecom operators and retain their numbers even if they are relocating to areas outside the service providers' operations.

Tata Steel to sell part of Europe operations to Swiss company

Tata Steel on Wednesday signed a deal with Geneva-based global commodities major Klesch Group to sell part of its European operations as it battles weak prices and squeezed margins.

DLF may have to sell crown jewels to survive

At a time when the realty market is in a sluggish patch, Monday’s ruling by market regulator Sebi restraining DLF from raising funds for three years could force the realty major to cut prices or offer flexible payment options to actively woo buyers, analysts said.
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