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HindustanTimes Wed,22 Oct 2014

Business

Rupee gains 5 paise vs dollar, ends at over 1 week high of 61.31

The Indian rupee gained for the third session on Wednesday, surging by another five paise against US dollar to end at over one-week high of 61.31 on sustained selling of the greenback by banks and exporters in view of strong equity market and capital inflows.

Govt may accept Deloitte report, split Coal India into smaller companies

The government is set to undertake the restructuring of Coal India Ltd by creating multiple mega coal companies in line with the recommendations of a government-commissioned study by Deloitte.

Bankruptcy law likely to give investors easy exit options

The government has set up a committee to frame a bankruptcy law to enable entrepreneurs to close down unviable businesses. The move is likely to primarily help small and medium enterprises (SMEs).

Cabinet okays ordinance to end coal block stalemate

Union Cabinet  recommended promulgation of Ordinance to President to resolve pending issues after SC quashed allocation of coal blocks on Monday

Gold import curbs could be back after Diwali

Surging gold imports may bring back import curbs, with the government focussed on containing foreign exchange outflow and keeping the rupee stable.

Sensex vaults 321 points on diesel deregulation

Diwali came early to Dalal Street on Monday with both the Sensex and Nifty marking their biggest daily gains in more than one week after the Narendra Modi government's energy reforms led to a rally in shares of oil retailers, while wins by the BJP in Maharashtra and Haryana assembly elections raised expectations of more reforms.

Rupee gains 25 paise against dollar in early trade

The rupee strengthened by 25 paise to 61.19 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst oil and gas reforms announced by the government.

Vodafone offers 80% off on data, talktime on Oct 19 and 20

Vodafone India on Friday launched a two day Diwali flash sale for Delhi and NCR pre-paid customers wherein they can have upto 80% off on segments like Internet, SMS, voice, bonus card deals on October 19 and 20.

Beware of get-rich-quick financial schemes

To grow the economy, Modi has to attract foreign investment, make the business environment more conducive by reforming the inflexible labour laws and speeding up environmental clearances while simultaneously establishing institutes for skills development.

HT Media Q2 revenue up 0.5%

HT Media Ltd, the publisher of Hindustan Times, on Friday reported a 0.5% rise in total revenues to Rs. 594.8 crore for the July-September quarter from Rs. 591.6 crore a year ago.

Flipkart leases office space from Embassy in largest deal

In the largest office leasing deal, homegrown e-commerce giant Flipkart on Saturday agreed to take 3 million sq ft of prime office space in Bangalore from realty firm Embassy group at an annual rent of Rs. 300 crore.

MTNL to get financial assistance to meet MAT liability

The government approved on Saturday a DoT proposal for providing one-time financial support to state-run telecom company MTNL for meeting liabilities arising from levy of minimum alternate tax.

Dalal Street expects quicker reforms after BJP’s Maharashtra win

Industry captains and market players are upbeat about the change in government in Maharashtra, and expect speedy resolution of stalled projects and improved business prospects for the state.

Apple India runs out of iPhone 6 as nation shops in festive spirit

The first batch of 55,000 iPhone 6 and iPhone 6Plus units shipped to India are sold out. Prospective buyers will now have to wait for a minimum of three days before the stocks are replenished.

Entry-level IT pay may dip this hiring season

 IT companies may hire more freshers from campuses next year than they hired this year. However, salary offers may not be revised, and in some cases it may even come down, compared to previous years.

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