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HindustanTimes Wed,22 Oct 2014

Business

Festive hiring to help create 4.5 lakh new jobs in Oct-Dec quarter

It's raining jobs this festive season as the October-December quarter is likely to create as many as 4.5 lakh vacancies, thanks to a significant uptrend in demand from sectors such as e-commerce, hospitality and retail, experts say.

India and Nepal ink agreement on power trade

Nepal’s energy secretary Rajendra Kishore Kshatri and his Indian counterpart Pradeep Kumar Sinha signed the document at a function held at Singha Darbar, the official seat of Nepal government.

Oil giant CEO killed after drunk snow plow driver rams his jet

The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snow plow at Moscow's Vnukovo International Airport, airport spokesperson Elena Krylova said on Tuesday.

Sensex gains 146 points; banks stocks rise

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,552.45 points, closed the day's trade 26,575.65 points, up 145.80 points or 0.55% from the previous day's close at 26,429.85 points.

Microsoft CEO Satya Nadella gets $84 million pay package

A regulatory document filed on Monday shows Nadella got a salary for the fiscal year that ended June 30 of $918,917 and a $3.6 million bonus. He also was given stock awards worth nearly $79.8 million but most of the payments will be made over several years.

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.
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