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HindustanTimes Fri,29 Aug 2014

Business

Sensex, Nifty mark record closing high on Euro zone stimulus talk

The BSE Sensex and Nifty rose on Wednesday to record closing highs as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue-chips such as ICICI Bank Ltd.

Indian rupee ends flat, but hopes high about foreign flows

The Indian rupee ended steady on Wednesday as optimism over continued foreign investments in domestic markets was offset by caution ahead of key indicators this week, including economic growth data.

India issues visas to 30 Pak traders for Mumbai expo

In a fresh sign of engagement, India Tuesday cleared 30 visas for Pakistani businessmen scheduled to visit Mumbai for a trade exhibition ‘Made in Pakistan’ on August 31.

Govt may privatise coal, expedite auction of mines

The NDA government may have to expedite the implementation of the coal auction policy approved by the UPA government last year to prevent projects from getting stuck for want of coal. The Centre is also likely to fast-track a Bill to remove restrictions on private companies in coal mining.

Power projects could be worst-hit by SC ruling

Uncertainty looms over the fate of 28,000 to 30,000 megawatt of power generation capacity if the Supreme Court were to cancel coal block allocations between 1993 and 2010, which it has declared 'illegal'.

Verdict may hit economy, hard, says law minister

A day after the Supreme Court declared all coal block allocations from 1993 to 2010 as 'illegal', law minister Ravi Shankar Prasad on Tuesday sought to draw attention to its 'impact on the economy', saying this should also be factored in when the court resumes the case on September 1.

KFA moves HC against wilful defaulter tag

Kingfisher Airlines on Tuesday moved the Delhi High Court against Punjab National Bank’s notice alleging that the carrier has wilfully defaulted payments of outstanding dues of over Rs. 770 crore. The case will come up for hearing on Wednesday.

'Air India Day' today, tickets for Rs. 100

National carrier Air India will celebrate its merger with erstwhile Indian Airlines as 'Air India Day' on Wednesday, offering tickets for Rs. 100 for a limited period.

Provident Fund interest rate retained at 8.75%

Retirement fund body EPFO on Tuesday announced 8.75% rate of interest on provident fund deposits for the current fiscal, a move which would benefit its over five crore subscribers across the country.

Tata partners Snapdeal to sell houses online

Tata Value Homes, a real estate firm focussed on affordable housing, has partnered with e-commerce major Snapdeal to sell houses through the online marketplace model.

GVK-Oasis ink Rs. 580 crore pact for Mumbai airport land development

Mumbai International Airport Pvt Ltd, a GVK-Led Consortium, on Wednesday awarded 1.16 million square feet of land parcel at the airport for Rs. 580 crore to Oasis Realty Pvt Ltd for commercial development.

FMC approves Kotak Mahindra Bank deal to buy 15% stake in MCX

Commodity market regulator FMC has approved the Kotak Mahindra Bank's deal to acquire 15% stake in MCX for Rs. 459 crore from Jignesh Shah-led FTIL.

Swiss private bank releases first-ever results

The elite of Swiss private banks on Tuesday begin lifting the veil on their books after a radical shift in their business model, amid tougher international regulations and crackdowns on tax dodgers.

Jaitley hopeful of Parliament nod on Insurance Bill by year-end

Finance minister Arun Jaitley expressed hope on Tuesday that long-pending Insurance Bill seeking to hike FDI cap to 49% will be passed by Parliament by the end of this year.

SBI cuts home loan rate by up to 0.15%

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15% on housing loan, a move likely to be followed by other lenders.
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