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HindustanTimes Thu,18 Dec 2014

Business

Sensex extends losses to 5th day; ends 71 points lower

The BSE benchmark Sensex regained most of the steep losses it suffered in early trade, but still ended the day 71 points lower at 26,710.13 after a highly volatile trade amid continuing investor worries over global economy.

Lifeline for SpiceJet: Govt will ask banks to lend Rs. 600cr to airline

The aviation ministry said on Tuesday that banks and financial institutions will be requested to lend up to Rs. 600 crore to SpiceJet, backed by a personal guarantee from its promoter, media tycoon Kalanithi Maran.

India world No. 4 in black money outflow over 10 years

With a total $439.59 billion (Rs 28 lakh crore), India has jumped one rank to become the fourth-largest exporter of illicit outflows over a 10-year period from 2003-2012.

Brent crude drops below $59, weak rupee could negate gains for India

Global crude oil prices fell to $58.50 a barrel on Tuesday, the lowest since May 2009, amid signs of slowing factory activity in China, the world’s second-largest economy and a major oil consumer.

Sensex posts biggest fall this year, dips 538 points on sell-off

The benchmark BSE Sensex slumped below the 27,000-mark and the NSE Nifty broke the 8,200-level in late morning trade on Tuesday on sustained selling across the board.

Rupee ends at 63.53 per dollar

The US dollar ended sharply dearer against the rupee at 63.53/54 per dollar.The pound sterling also finished higher at Rs. 99.84/86 per pound at the Interbank Foreign Exchange market.

India replaces Malaysia as 4th largest exporter of black money

The outflow of black money from India to foreign countries has increased nine-fold from $10 billion in 2003 to $94.7 billion in 2012.

Xiaomi, Flipkart allowed to sell phones in Indiatill Feb 5

The Delhi High Court on Tuesday permitted Chinese cellphone maker Xiaomi and e-commerce website Flipkart to sell Xiaomi’s handsets running on technology claimed to be patented by Ericsson till February 5, as a temporary measure.

Willing to scrap faulty Uttarakhand dams: Centre

The Centre on Tuesday told the Supreme Court (SC) that it would scrap the power projects in Uttarakhand if it found any flaw with them.

Vistara clears flight path, likely to take off next month

Tata-Singapore Airlines-backed full-service carrier Vistara will soon begin commercial operations after the Directorate General of Civil Aviation granted it the air operator’s permit on Monday.

SpiceJet going Kingfisher way, asks govt for bailout

Bleeding no-frills carrier SpiceJet has got a 7-10 day lifeline from the government after it pleaded before aviation authorities that it would have to shut down operations 'by Monday night' if the government didn’t provide any relief.

Family interference, officials' exodus: Why SpiceJet story lost the plot

Cash-strapped budget airline SpiceJet’s desperate SOS to the government for financial assistance is being seen as the culmination of a series of disastrous moves.

WPI inflation hits 0% in November, lowest in over 5 years

India’s wholesale inflation rate slumped to 0% in November, a five-and-a-half year low, driven by tumbling fuel and food prices, data showed on Monday, intensifying pressure on the RBI to lower borrowing rates to aid an economic revival.

Petrol, diesel rates slashed, to go down by Rs. 2/litre

Petrol and diesel prices were on Monday cut by Rs. 2 per litre each as international oil prices slumped to five-year low.

Reliance MediaWorks sells Big Cinemas to Carnival for Rs. 700 cr

Anil Ambani-led Reliance MediaWorks has sold its Big Cinemas unit to Kochi-based Carnival Group for about Rs700 crore. The deal is expected to lower the debt of its financial services arm, Reliance Capital, by a similar amount.
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