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HindustanTimes Fri,31 Oct 2014

Business

Govt cuts costs: No first-class travel for babus

With an aim to restrict fiscal deficit to 4.1% of GDP in 2014-15, the Centre has barred officials from holding meetings in 5-star hotels and put a freeze on hirings and filling up posts lying vacant for over one year.

Black money list: 10 developments since Modi govt took charge

Are you updated on the black money list? Have you faced difficulty in understanding the case history? Or, have you missed the action in SC altogether? Don't worry. HT presents a ready reckoner.

Black money: SIT says whoever looted India will be punished

The Supreme Court-appointed SIT, looking into the black money cases, on Thursday said it will go after the offenders 'big or small' but made it clear that confidentiality about account holders abroad will not be violated.

Gold prices plunge by Rs. 400 on global cues

Gold prices tumbled by Rs. 400 to trade at nearly one-month low of Rs. 27,100 per 10 grams in the national capital on Thursday on emergence of selling by stockists amid a weak global trend.

Airtel Q2 Net shoots up nearly three-fold to Rs. 1,383 crore

Bharti Airtel, country's largest mobile operator, on Thursday reported nearly three-fold jump in consolidated net profit to Rs. 1,383 crore for the September quarter led by growth in mobile data revenues.

SEBI moves SC against Sahara for non-payment of investors' money

Market regulator SEBI on Thursday moved the Supreme Court seeking its direction to Sahara group to give a time schedule for payment of Rs. 47,000 crore to it as directed by the court.

Fifty one countries sign agreement to tackle black money

Fifty-one countries and jurisdictions signed a treaty in Berlin Wednesday to start automatic information exchange by 2017 or 2018 onwards. Aiming to access information about offshore holdings of its citizens more easily, these countries came together in what is being seen as a first step in an important global effort for increased transparency.

E-commerce 'euphoria' to last 18 months only: Biyani

The 'euphoria' over the scorching pace of eCommerce market in India will last about 18 months as things begin to settle down and "reality" sets in, Future Group chief Kishore Biyani on Thursday said.

I-T may train guns on cos that lag sector

Companies reporting lesser earnings despite their respective sectors registering healthy growth will now come under the scanner of the income tax department. 

Air ticket flash sales under aviation min scanner

The repeated flash sales announced by Indian domestic carriers have caught the aviation ministry’s notice. The ministry, sources said, has decided to look into whether the flash sales amount to “predatory pricing” by certain airlines.

J&K flood: Insurance cos to ease norms for processing claims

Insurance companies, both public and private, have set up special helplines and claim centres to ensure immediate clearance of insurance claims coming from flood ravaged Jammu and Kashmir as mandated by the Supreme Court.

Snapdeal eyes acquisitions, $3bn in transactions by December

A day after SoftBank chairman called it the Alibaba of India, Snapdeal on Wednesday revealed plans to acquire technology companies on its way to clocking an annual rate of sales of $3 billion by December.

Economists, pvt sector officials may bag top posts in govt companies

Official sources said a new policy is being framed by the Department of Personnel & Training (DoPT) following instructions from the PMO to rope in professionals and private sector heavyweights.

Adani hires Parsons Brinckerhoff for Australia coal project

Indian conglomerate Adani on Wednesday named the US-based Company Parsons Brinckerhoff as its project management contractor for the long-delayed $15 billion Carmichael mine, rail and port project in Australia.

Aircel-Maxis case: Court summons Maran brothers

A special court on Wednesday summoned former telecom minister Dayanidhi Maran and others in the 2006 Aircel-Maxis deal — as part of the larger 2G spectrum allocation scam case — asking them to appear before it on March 2 next year.
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