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HindustanTimes Thu,21 Aug 2014

Business

TCS subsidiary gets multi-million pound deal from Friends Life Management

Tata Consultancy Services said its subsidiary Diligenta had signed a multi-million pound deal with financial services company Friends Life Management Services Ltd for its international operations.

Google buys travel guide app startup Jetpac

Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram.

Auto scrips fuel Sensex, Nifty to new peaks, markets up for 6th day

Markets surged for the sixth session in a row on Tuesday with benchmark Sensex rising 30 points to a new closing peak of 26,420.67 and the Nifty gaining 23 points to end at a record 7,897.50.

Rupee gains slightly on bunched up dollar inflows

The rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers.

TCS to donate Rs. 100 cr to build toilets in 10,000 schools

Largest software exporter TCS on Tuesday announced a Rs. 100-crore donation for sanitation facilities for girl students in 10,000 schools across the country.

Ministry may direct banks to offer discounted loans in festive season

With buyers shying away from purchases due to the ongoing slowdown, the finance ministry is likely to nudge public sector banks to look at ways to lure wary customers.

Parekh, Sreedharan may be in plan panel substitute

The new avatar of the Planning Commission is likely to be a powerful body — packed with a technocrats, industrialists, state chief ministers and development experts — that will serve as the government’s primary policy advisory council.

Jindal’s JSW Energy eyes JP Group’s power projects in MP

The Sajjan Jindal-led JSW Energy is evaluating the prospects of a deal to purchase two-coal based power projects of the Manoj Gaur-led JP group in Madhya Pradesh, sources said.

Poll vault? Gas price hike may be delayed

With the forthcoming state elections expected to begin by September-end or October and the Election Commission effecting the model code of conduct for the same, chances are that the announcement of the new gas price may get deferred once again.

Bankers’ nominee to oversee Bhushan Steel’s operations

Bankers have also ordered a forensic audit into the accounts and audit books of Bhushan Steel and has asked promoters to inject more money to remain solvent.

Dreamliner woes: Raju to meet Boeing execs

With the Boeing 787 Dreamliner continuing to give sleepless nights to Air India (AI), aviation minister Ashok Gajapathi Raju Pusapati has decided to take matters into his own hands.

Sensex, Nifty hit new highs on Modi's I-day pledge

Rising for the fifth day, benchmark Sensex on Monday gained over 287 points to log a new closing peak of 26,390.96 and the Nifty soared about 83 points to close at new record of 7,874.25 as investors cheered PM Narendra Modi's August 15 pledge.

SpiceJet shares jump on June quarter operating profit

Low-cost carrier SpiceJet jumps 13.5% after April-June results. June quarter operating profit at Rs. 90 million ($1.48 million) before restructuring and certain one-off costs, helps the rally.

Ministry rebukes ONGC for making 'frivolous allegations'

Rebuking ONGC for making 'frivolous allegations' against the government, the petroleum ministry has told the Delhi high court that the state-owned firm woke up from slumber to allege that its gas may be flowing out of wells of Reliance Industries' KG-D6 fields.

Mercedes-Benz accused of 'price-fixing': China media

China has accused Mercedes-Benz, a unit of German car giant Daimler, of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.
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